Dollar edges down before Fed speakers, data; Swiss franc rises after SNB – Yahoo Finance
Stefano Rebaudo (Reuters) – The safe-haven dollar edged lower on Thursday as risk appetite rose, with traders focusing on speeches by the Federal Reserve's top policymaker and economic data due later in the day for clues about the pace of interest-rate cuts. Meanwhile, the Swiss franc strengthened after the Swiss National Bank cut interest rates […]
China weighs injecting $142 billion of capital into top banks, Bloomberg News reports – Yahoo Finance
HONG KONG (Reuters) – China is considering injecting up to 1 trillion yuan ($142.39 billion) in capital into the country's biggest state-owned banks to boost their ability to support its struggling economy, Bloomberg News reported on Wednesday. The move is part of a wide-ranging stimulus package introduced by Beijing this week to jump-start China's sluggish […]
Texas Capital Unveils 'First-of-Its Kind' Money Market ETF – Yahoo Finance
Texas Capital Launches First Money Market ETF (MMKT) Texas Capital Bank Private Wealth Advisors is seeking to improve its position in the $6.5 trillion money market industry, and announced today that it has introduced the “first” ETF that follows money market fund rules. of Texas Capital Government Money Market ETF (MMKT) Texas Capital said it […]
Dollar rises from 14-month low, yuan dips – Yahoo Finance
Karen Brettel NEW YORK (Reuters) – The dollar rebounded from a 14-month low against the euro in choppy trading on Wednesday, but investors maintained their bet that the Federal Reserve will deliver another big interest rate cut at its November meeting as optimism about the labor market wanes. The yuan also weakened after initially rising […]
If You Invested $1,000 In Bitcoin When Jamie Dimon Said He Would Fire Employees 'In A Second' For Holding BTC, Here's How Much You'd Have Today – Yahoo Finance
If you had invested $1,000 in Bitcoin when Jamie Dimon said he would fire employees for holding BTC “immediately,” here's how much you'd have today JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon He has been one of several financial executives who have been vocal opponents of the cryptocurrency industry for years. While Dimon's stance has changed […]
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets – Yahoo Finance
NEW YORK (AP) — The Justice Department has filed an antitrust lawsuit against Visa, accusing the financial services giant of using its size and dominance to stifle competition in the debit card market, causing billions of dollars in harm to consumers and businesses. According to the complaint filed Tuesday, San Francisco-based Visa penalizes merchants and […]
Stock market today: Wall Street drifts around its all-time highs after Chinese stocks soar – Yahoo Finance
NEW YORK (AP) — U.S. stocks shook off a shaky start to the day to hit yet another record high on Wall Street. The S&P 500 rose 0.3% on Tuesday. The Dow Jones Industrial Average rose 0.2%, hitting a new record of its own. The Nasdaq Composite Index rose 0.6%. In the Treasury market, Treasury […]
Asian Stocks, Europe Futures Rise on PBOC Stimulus: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks tracked gains in Asia after the People's Bank of China announced a series of stimulus measures to bolster economic growth. Most read articles on Bloomberg The Stoxx Europe 600 index rose 0.9%, led by gains in sectors highly dependent on China, such as miners, luxury goods makers and automakers. Brent crude […]
Germany's Scholz slams UniCredit 'attack' on Commerzbank, stiffening opposition – Yahoo Finance
By Valentina Za, Tom Sims and Andreas Linke MILAN/FRANKFURT (Reuters) – German Chancellor Olaf Scholz has denounced UniCredit's move to take a 21 percent stake in rival Commerzbank to become its largest investor as an “unfriendly attack”, in a sign of growing hostility towards Italian banks. Anger from German authorities over UniCredit's use of derivatives […]
Stock rally pauses as rate cut cheer meets recession fears – Yahoo Finance
Naomi Robnick and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares hovered near record highs on Monday and Wall Street futures rose cautiously ahead of a business activity survey that could confirm or call into question market expectations of another big interest rate cut from the Federal Reserve. MSCI's global stock index was stable after two […]