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 […]
Bitcoin jumps while Japan holiday dulls most currencies – Yahoo Finance
SINGAPORE (Reuters) – Bitcoin rose to a one-month high on Monday, extending a rally following the U.S. Federal Reserve's mega-interest rate cut last week in a notable move, while the yen and most other major currencies stagnated as Japanese markets were closed. The dollar rose against the yen last week to a two-week high of […]
Trump Family's Crypto Venture Revealed: New Buying Rules, Who Can Invest and What It Means for Early Adopters – Yahoo Finance
Trump family crypto venture revealed: New buying rules, who can invest, and what it means for early adopters The team behind it Donald TrumpWorld Liberty Financial, the latest cryptocurrency venture from , took more than two hours to announce key details that many were eagerly awaiting at its X event on Monday night. The suspense […]
Zoom to Cut Back on Stock-Based Compensation, Joining Salesforce, Workday – Yahoo Finance
(Bloomberg) — Zoom Video Communications Inc. is following peers including Salesforce.com Inc. and Workday Inc. in scaling back its practice of paying employees with company stock, limiting its reliance on compensation packages common in the technology industry. Most read articles on Bloomberg Zoom shares are being distributed to employees at an “unsustainable” pace, CEO Eric […]
Stocks Are Mixed as Euphoria Over Big Fed Cut Ebbs: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks fell and U.S. stock futures dropped on Friday as bad news on corporate earnings dampened euphoria over the trajectory of interest rates. Most read articles on Bloomberg Europe's Stoxx 600 stock index slumped 8.4% after Mercedes-Benz Group Inc. cut its earnings outlook due to weak sales in China. U.S. futures fell […]
Japanese Stocks Rise as Yen Weakens While Investors Await BOJ – Yahoo Finance
(Bloomberg) — Japanese stocks rose as the yen weakened after Federal Reserve Chairman Jerome Powell warned against assuming further deep interest rate cuts, while investors await the Bank of Japan’s decision on Friday. Most read articles on Bloomberg The Tokyo Stock Price Index rose 2.5% as of 10:43 a.m. Auto and electronics exporters were the […]