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Futures tick higher ahead of jobless claims data – Yahoo Finance

By Shashwat Chauhan and Lisa Pauline Matakkal (Reuters) – Wall Street futures edged higher ahead of economic data releases as the Federal Reserve could cut interest rates next week. Most large-cap and growth stocks were modestly higher in premarket trading, with Google parent Alphabet rising more than 1 percent. The producer price index and weekly […]

IBM to take $2.7 billion charge related to transfer of pension obligations – Yahoo Finance

(Reuters) – IBM Inc said on Wednesday it expects a pretax charge of about $2.7 billion in the third quarter related to a transaction to transfer some of its pension plan liabilities to Prudential Financial Inc. The transaction will transfer approximately $6 billion of IBM's defined benefit pension obligations to Prudential Insurance Company. Defined benefit […]

Apollo Moves to Start a Private Credit ETF With State Street – Yahoo Finance

(Bloomberg) — Apollo Global Management has partnered with State Street to launch the first exchange-traded fund that includes private credit investments. Most read articles on Bloomberg State Street registered the SPDR SSGA Apollo IG Public & Private Credit ETF, according to a regulatory filing on Tuesday. A portion of the fund will be allocated to […]

European shares rebound from dour week with central banks in focus – Yahoo Finance

Pranav Kashyap and Lisa Pauline Matakkal (Reuters) – European stocks rose on Monday, recovering from a sharp sell-off last week as investors focused on expectations of an interest rate cut by the European Central Bank on Thursday. The pan-European STOXX 600 index ended up 0.8% after falling 3.5% the previous week, its worst week since […]

Stocks, US Futures Start Week With Modest Rebound: Markets Wrap – Yahoo Finance

(Bloomberg) — Stocks staged a partial recovery on Monday after a disappointing U.S. jobs report sent stocks tumbling but also sparked disagreement among economists and traders over how aggressively the Federal Reserve should cut interest rates. Most read articles on Bloomberg The Stoxx Europe 600 index rose 0.5%, clawing back some of last week's 3.5% […]