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 […]
Bank of America to open more than 165 new branches by end of 2026 – Yahoo Finance
Bank of America (BAC) plans to open more than 165 branches in the U.S. by the end of 2026, the bank said on Monday, as it competes with JPMorgan Chase for branch expansion. Banks have redesigned branches to focus on selling products like mortgages and investments in person, rather than the usual teller transactions. The […]
Global stocks are mixed after Wall Str ends a record-setting week – Yahoo Finance
HONG KONG (AP) — Global stock markets were mixed on Monday after a series of key interest rate decisions by the U.S. Federal Reserve, Japan, China and Britain last week. Paris' CAC 40 index fell 0.3 percent to 7,481.56 after combined manufacturing activity data for September fell below the 50 threshold that separates expansion and […]
Asian Stocks Advance on China Stimulus Hopes: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose and gold hit a record high on hopes that China, the world's second-largest economy, will roll out more stimulus to fuel its economic recovery as the United States begins a cycle of monetary easing. Most read articles on Bloomberg The MSCI Asia Pacific index rose as shares in China, Hong […]