Stock market

Hollywood Writers and Studios Reach Preliminary Agreement, Ending Months-Long Strike
September 26, 2023 12:56 AM AEST| By InvestingA preliminary agreement was reached between Hollywood writers and studios late Sunday, potentially ending a months-long strike that has disrupted TV and movie productions. The details of this three-ye

German court ordered Netflix to cease patent infringement, announced Broadcom
September 26, 2023 12:42 AM AEST| By InvestingThe District Court of Munich ruled that Netflix (NASDAQ:NFLX) is infringing on a patent held by Broadcom (NASDAQ:NASDAQ:AVGO), a global technology company. The patent is related to high-efficiency vid

Goldman Sachs to Pay $6M SEC Fine Amid Share Price Decline and Job Cuts
September 26, 2023 12:38 AM AEST| By InvestingGoldman Sachs (NYSE:GS) has agreed to pay a $6 million fine to the U.S. Securities and Exchange Commission (SEC) on Monday, following an investigation that revealed the banking heavyweight had provide

US Dollar Peaks Amid Inflation Concerns; Stocks Remain Steady
September 26, 2023 12:38 AM AEST| By InvestingMonday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This devel

Amazon Earmarks $4 Billion for AI Startup Anthropic, Acquires Minority Stake
September 26, 2023 12:36 AM AEST| By InvestingAmazon (NASDAQ:AMZN), the technology giant, announced on Monday a significant investment of up to $4 billion in artificial intelligence (AI) startup Anthropic. This strategic move is seen as Amazon's

Regeneron finalizes acquisition of Decibel Therapeutics, enhancing gene therapy portfolio
September 26, 2023 12:32 AM AEST| By InvestingRegeneron (NASDAQ:REGN) Pharmaceuticals, Inc. (NASDAQ:REGN) announced on Monday that it has successfully completed the acquisition of Decibel Therapeutics, Inc., a move that strengthens Regeneron's ge

Citigroup CEO Initiates Major Restructuring, Shift From Geographical to Business Unit Focus
September 26, 2023 12:28 AM AEST| By InvestingCitigroup (NYSE:C)'s CEO, Jane Fraser, has initiated a significant restructuring of the bank, marking the most substantial overhaul in 15 years. The plan aims to shift the bank's focus from geographic

Fed’s ‘Golden Path’ Optimism Amid Inflation Battle and Rate Hikes
September 26, 2023 12:26 AM AEST| By InvestingFederal Reserve Bank of Chicago's President, Austan Goolsbee, expressed optimism on Monday that the U.S. can avoid a recession despite the central bank's ongoing efforts to raise interest rates to cur

Carnival Corp. Set to Break Two Significant Streaks With Upcoming Fiscal Third-Quarter Results
September 26, 2023 12:26 AM AEST| By InvestingMonday, September 25, 2023 - Carnival (NYSE:CCL) Corp., the largest cruise line operator globally, is set to announce its fiscal third-quarter results this Friday, anticipated to mark the end of two s

MicroStrategy continues bitcoin acquisition spree despite underwater position
September 26, 2023 12:24 AM AEST| By InvestingMicroStrategy, the world's largest corporate bitcoin holder, has reaffirmed its commitment to Bitcoin, purchasing an additional 5,445 BTC for approximately $147.3 million, at an average price of $27,0

Staking in Ethereum Gains Traction as Investors Seek Smart Strategies
September 26, 2023 12:20 AM AEST| By InvestingThe practice of staking, a method of earning rewards on a blockchain network, has reportedly seen a surge in the Ethereum ecosystem, with 20% of all Ethereum currently tied up in staking, according to

Aperam revises Q3 guidance downward due to operational disruptions
September 26, 2023 12:20 AM AEST| By InvestingAperam, the Luxembourg-based steel manufacturing firm, announced on Monday a downward revision of its third-quarter guidance, leading to a decline in its share value. The company's shares fell by 3.1%

RBI imposes penalties on State Bank of India and two other state-owned banks for regulatory violations
September 26, 2023 12:06 AM AEST| By InvestingThe Reserve Bank of India (RBI) has imposed penalties on three state-owned banks, including the State Bank of India (SBI), Indian Bank, and Punjab&Sind Bank, for violation of various regulatory norms.

Deutsche Bank subsidiary settles SEC charges for $25 million over ESG misstatements and AML failures
September 26, 2023 12:00 AM AEST| By InvestingDeutsche Bank AG (NYSE:DB)'s asset management subsidiary, DWS Investment Management Americas Inc. (DIMA or DWS), has agreed to pay a total of $25 million in penalties to resolve two separate enforceme

Hedge funds escalate short positions in U.S. stocks amid rising Treasury yields: Goldman Sachs
September 26, 2023 12:00 AM AEST| By InvestingHedge funds are intensifying their short positions in U.S. stocks, signaling the most severe period of losses since the Silicon Valley Bank's downfall, according to data from Goldman Sachs Group (NYSE

Indusind Bank Sees Slight Dip Amid Positive Trading Day
September 26, 2023 12:00 AM AEST| By InvestingMonday, September 25, 2023 - IndusInd Bank Ltd.'s shares saw a modest decline of 0.74% in the recent stock market trading session, closing at 1,442.05 Indian rupees. This came despite an overall posit

Rockingdeals Circular Economy plans IPO, to list on NSE Emerge
September 25, 2023 11:58 PM AEST| By InvestingProminent B2B re-commerce firm, Rockingdeals Circular Economy Ltd (RDCEL), announced on Monday its plans to go public, after submitting draft papers for an Initial Public Offering (IPO). The company a

ECB Maintains High Borrowing Costs to Control Inflation Amid Economic Difficulties
September 25, 2023 11:58 PM AEST| By InvestingThe European Central Bank (ECB), under the leadership of President Christine Lagarde, has reaffirmed its commitment to sustaining high borrowing costs, as necessary, to regulate consumer prices amidst

Axis Bank shares see slight rise amidst broadly positive market
September 25, 2023 11:52 PM AEST| By InvestingShares of Axis Bank Ltd. experienced a slight increase in Monday's trading session, closing at 1,019.00 Indian rupees ($1 = Rs 83.11), a marginal rise of 0.08%. This minor uptick paralleled a broadly

Coinbase Solidifies European Presence With Spanish Aml Compliance
September 25, 2023 11:52 PM AEST| By InvestingSan Francisco-based cryptocurrency exchange, Coinbase (Nasdaq: NASDAQ:COIN), has fortified its European presence by obtaining an Anti-Money Laundering (AML) compliance registration from the Bank of Sp

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