Latest financial and economic news and analysis
Jefferies has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp are not genuine, Bloomberg News reported on Tuesday.
Palantir Technologies Inc. delivered exceptional Q2 results, driving IGV and software sector outperformance with 93% YoY revenue growth and robust forward guidance. iShares Expanded Tech-Software Sector ETF's resilience is supported by strong earnings from Microsoft, ServiceNow, and cybersecurity leaders like Fortinet, validating the sector's recovery from April lows.
Strong earnings from the biggest technology companies and improving AI spending trends could help drive another leg higher for Big Tech stocks, according to Société Générale.
ET's second-quarter earnings beat estimates as record NGL volumes and stronger crude activity drive growth, prompting a higher 2026 EBITDA outlook.
The CNBC Business News Update with Jessica Ettinger features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day.
Revolut co-founder Nik Storonsky allegedly went behind his yacht broker's back to avoid paying around $20 million in commission.
Japan's historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally's staying power. The level carries significance far beyond standard technicals.
Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe discusses Japan's macroeconomic environment following recent currency market intervention, warning that Japanese stocks risk a tactical pullback. However, he notes corporate earnings will likely remain intact and maintains a bullish view on structural market fundamentals.
The joint US-Japanese intervention has shifted market focus to whether the Yen can strengthen beyond 155 per dollar, a threshold seen as a key test for the rally's staying power. Mathieu Savary, Chief Strategist & Head of FICC at BCA Research spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the FX action.
PSEG beats Q2 earnings estimates as utility investments, higher realized prices and nuclear generation support results despite lower revenues.
The Treasury secretary questioned the need for an interest-rate hike.
For most of this year, investors have obsessed over one question: when will the Federal Reserve finally begin cutting interest rates?
A Bilt spokesman said that roughly 1,850 cardholders were affected and that it moved quickly to correct the errors.
Rystad Energy Chief Economist Claudio Galimberti discusses the latest factors affecting oil and LNG prices as well as the prospects for a diplomatic resolution to the Middle East conflict.
Securitize Corp. has gone public via SPAC and experienced significant post-merger price declines. SECZ traded as high as $13.50 as CEPT, with a redemption value floor at $10 per share. Post-merger, SECZ's share price has dropped below $7, sparking notable retail investor anxiety.
