Stock market

US Bank Launches Connected Partnership Network for Streamlined Payment and Treasury Solutions

U.S. Bank has unveiled the Connected Partnership Network, an online marketplace offering third-party payment and treasury solutions that are fully integrated with its systems, on Thursday. The initiat

Fed's economic forecasts may be too optimistic, warns former Treasury Secretary

Former Treasury Secretary Lawrence Summers has expressed concern that the Federal Reserve's current economic forecasts might be overly positive, hinting at potential surprises in the form of accelerat

Bharat Biotech nears phase III trials for tuberculosis vaccine

Bharat Biotech International, an Indian vaccine manufacturer, is on the verge of launching phase III clinical trials for its Tuberculosis (TB) vaccine candidate, Mycobacterium Tuberculosis Vaccine (MT

Manx Financial Group sees surge in shares amid higher H1 2023 pretax profits

Manx Financial Group (LON:MFX) reported a 9% increase in its share price, reaching 24 pence and peaking at 25.4 pence earlier on Thursday. This surge followed an uptick in the firm's pretax profits fo

TransUnion denies data breach amid hacker's claims

Credit reporting firm TransUnion (NYSE:TRU) has denied allegations of a data breach this week, following claims from a hacker known as 'USDoD' that they had stolen and published 3Gb of information fro

Prudential shares see modest rise in robust trading session

Shares of Prudential PLC (LSE:LON:PRU) experienced a modest uptick of 0.63%, closing at £9.24 in Wednesday's trading session, according to data from Dow Jones and FactSet, processed by Automated Insi

Kokusai Electric Gears up for Largest Japanese IPO in Five Years Amid AI Surge

Japanese chipmaking equipment manufacturer, Kokusai Electric, is preparing to launch its initial public offering (IPO) on Thursday, making it the largest IPO in Japan in the past five years. The compa

Activist investor urges Nordea Bank to boost profitability targets

In the latest turn of events this Thursday, activist investor Cevian Capital AB has urged Nordea Bank Abp (OTC:NRDBY), the largest bank in the Nordic region, to increase its profitability targets. The

Bank of England Halts Two-Year Interest Rate Hike Cycle Amid Surprising Inflation Drop

In an unexpected move on Thursday, the Bank of England (BoE) decided to leave its main interest rate unchanged at a 15-year high of 5.25%. This decision marks the first time in nearly two years that t

Bank of England holds interest rates, signaling possible peak

The Bank of England's Monetary Policy Committee (MPC) has maintained its key interest rate at 5.25%, a decision that some economists believe could signal the peak of the U.K.'s interest rate cycle. Ri

US Indices Expected to Open Lower, Interest Rates Rise Amid Economic Data Anticipation

Equity futures contracts are hinting at a significant drop in the opening for major US indices today, Thursday, following a similar trend from Wednesday's market performance. The Dow Industrial Averag

DAX Rebounds Amid Positive German Producer Prices and Steady Chinese Economy

Thursday, September 21, 2023 - The DAX, Germany's stock index, rebounded today with a 0.75% rise, partially offsetting Wednesday's 0.40% loss and closing at 15,782. This recovery was driven by several

NASDAQ index faces significant downturn amid rising U.S. yields

The NASDAQ index, a major U.S. stock market index, has continued its downward trajectory this Thursday, following a substantial drop of 209 points on Wednesday and an additional decline of 120 points

Gold Prices Drop as US Dollar Surges Following Federal Reserve’s Policy Meeting

Gold prices took a tumble on Thursday, following Wednesday's Federal Reserve policy meeting. The central bank's decision to hold its benchmark interest rate steady and indications that these rates wil

DITO Telecommunity secures $3.9B loan for network expansion and debt repayment

Philippines-based telecom company DITO Telecommunity has secured a 15-year, $3.9 billion finance facility from a consortium of multinational banks, according to a disclosure by its parent company DITO

Hollywood strike discussions continue between WGA and producers

The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers are continuing to negotiate in an effort to resolve the ongoing Hollywood strike that has lasted over thr

BlackRock expands iBonds range with TIPS defined maturity bond ETFs

BlackRock (NYSE:BLK), the world's largest asset manager, has announced its plan to launch a series of exchange-traded funds (ETFs) focused on Treasury inflation-protected securities (TIPS). The move,

U.S. stocks are falling as Treasury yields climb; higher rates in focus

While there isn’t inflation data for investors to digest today, weekly jobless claims came in at a lower than expected 201,000 last week. In addition, the Philadelphia Fed manufacturing index was a

'Little recourse but to downgrade' Frontier Air, says Citi: 4 big analyst cuts

Asian markets react to hawkish Fed signals, Chinese real estate shows signs of improvement

Asian markets experienced a slump on Thursday as the Federal Reserve signaled that interest rates would remain high for a longer period. The MSCI China Index fell by 1.4%, marking its lowest close sin