Financial


 Wells Fargo (NYSES:WFC) to Strengthen Anti-Money Laundering Controls Following Regulatory Agreement

Wells Fargo (NYSES:WFC) to Strengthen Anti-Money Laundering Controls Following Regulatory Agreement

September 13, 2024 04:13 PM AEST| By Team Kalkine Media

Wells Fargo (NYSE:WFC) has agreed to enhance its anti-money-laundering (AML) and sanctions-risk management practices after the Office of the Comptroller of the Currency (OCC) flagged deficiencies in the bank’s current compliance programs. Announced o...

 Market Gains Amid Inflation Data and Economic Outlook

Market Gains Amid Inflation Data and Economic Outlook

September 13, 2024 09:50 AM AEST| By Team Kalkine Media

Headlines,S&P 500 Advances:,The S&P 500 and other major indices experienced gains, with the S&P 500 up 0.3%, Nasdaq 100 rising 0.5%, and Dow Jones increasing by 0.2%.,Small-cap stocks,also saw progress, with the Russell 2000 climbing 1%.,Inflation an...

 IG Group Reports Revenue Increase for Q1

IG Group Reports Revenue Increase for Q1

September 12, 2024 09:55 PM AEST| By Team Kalkine Media

IG Group, a prominent player in the,Financial sector,, has announced a notable increase in total revenues for the three months ending 31 August. The company reported a 15% rise in revenues year-on-year, reaching £278.9 million. This increase is attri...

 Federal Reserve Announces Reduced Capital Requirements for Major Banks

Federal Reserve Announces Reduced Capital Requirements for Major Banks

September 12, 2024 11:27 AM AEST| By Team Kalkine Media

Headlines,- Federal Reserve proposes reducing additional capital requirements for large banks from 19% to 9%.,- The plan involves resubmitting adjusted drafts of global banking regulations.,- This change is seen as a significant win for Wall Street f...

 Lean Hog Futures End Day with Slight Variations

Lean Hog Futures End Day with Slight Variations

September 12, 2024 05:26 AM AEST| By Team Kalkine Media

Headlines,Lean hog futures showed minimal changes, closing within 25 cents of unchanged.,National average base hog price decreased to $78.34, while the CME Lean Hog Index fell to $85.74.,USDA’s FOB plant pork cutout value dropped to $94.80, with a si...

 Commerzbank Shares Rise as UniCredit Acquires Stake

Commerzbank Shares Rise as UniCredit Acquires Stake

September 11, 2024 10:30 PM AEST| By Team Kalkine Media

In the,financial sector,, Commerzbank's shares experienced a significant increase on Wednesday following the announcement that Italy’s UniCredit acquired a 9% stake in the German bank. This move highlights ongoing strategic adjustments by both financ...

 U.S. Global Investors (NASDAQ:GROW) Reports Fiscal Year 2024 Financial Results and Outlook

U.S. Global Investors (NASDAQ:GROW) Reports Fiscal Year 2024 Financial Results and Outlook

September 11, 2024 04:30 PM AEST| By Team Kalkine Media

U.S. Global Investors, Inc. (NASDAQ: GROW), a leading registered investment advisory firm known for its expertise in global markets and specialized sectors such as gold mining and airlines, has announced its financial results for the fiscal year ende...

 Shift4 Payments (NYSE:FOUR) Completes Refinancing with $450 Million Revolving Credit Facility

Shift4 Payments (NYSE:FOUR) Completes Refinancing with $450 Million Revolving Credit Facility

September 11, 2024 03:54 PM AEST| By Team Kalkine Media

Shift4 Payments, Inc. (NYSE:FOUR), a prominent player in integrated payments and commerce technology, has announced the successful refinancing of its existing revolving credit facility. The refinancing, completed on September 5, 2024, involves a new...

 Travelers Stock Near 52-Week High: Key Insights for Stakeholders

Travelers Stock Near 52-Week High: Key Insights for Stakeholders

September 11, 2024 05:00 AM AEST| By Team Kalkine Media

Headlines,Shares of Travelers Companies Inc. are trading close to a 52-week high, reflecting a 15.1% gain over the past three months and outperforming industry and sector benchmarks.,Travelers demonstrates strong operational efficiency with a high re...

 Sompo Holdings' Recent Upgrade: What You Need to Know

Sompo Holdings' Recent Upgrade: What You Need to Know

September 11, 2024 04:55 AM AEST| By Team Kalkine Media

Headlines,- Sompo Holdings, Inc. (SMPNY) recently received an upgrade, reflecting positive changes in earnings estimates.,- The upgrade indicates an improvement in the company's financial outlook and suggests potential positive effects on stock perfo...

 Broadcom's Future: Key Analyst Sets $210 Target Amid AI Boom

Broadcom's Future: Key Analyst Sets $210 Target Amid AI Boom

September 10, 2024 05:49 AM AEST| By Team Kalkine Media

Headlines,Analyst Sets High Target: KeyBanc’s John Vinh has set a $210 target for Broadcom (AVGO), indicating a potential 53% increase from its recent closing price.,Strong Earnings Report: Broadcom reported impressive fiscal third-quarter results, w...

 Universal Health Services: Achieving New Milestones

Universal Health Services: Achieving New Milestones

September 10, 2024 05:42 AM AEST| By Team Kalkine Media

Headlines,Universal Health Services (UHS) exhibits robust performance with 88% positive technical indicators and a significant 79.75% gain over the past year.,The company, valued at $15.34 billion, operates acute care hospitals and behavioral health...

 Cattle Market Seeks Rebound After Recent Declines

Cattle Market Seeks Rebound After Recent Declines

September 10, 2024 05:37 AM AEST| By Team Kalkine Media

Headlines,- Cattle Futures Decline:,Live cattle futures experienced a downturn, with front-month contracts dropping $1.90 to $2.07 last Friday. Feeder cattle futures also saw losses, ranging from $2.85 to $3.65.,- Export Sales Data:,August 29 week bo...

 Essential Insights: When to Refinance as Interest Rates Decrease

Essential Insights: When to Refinance as Interest Rates Decrease

September 10, 2024 05:34 AM AEST| By Team Kalkine Media

Headlines,- Impact of Interest Rate Reductions: A potential cut to the federal funds rate could lead to a decrease in mortgage rates, offering opportunities for certain borrowers to consider refinancing.,- Refinancing Considerations for Recent Borrow...

 Corn Market Trends: Recent Data Insights

Corn Market Trends: Recent Data Insights

September 10, 2024 05:32 AM AEST| By Team Kalkine Media

Headlines,Corn prices are slightly down this morning, with futures closing 4 to 6.25 cents lower on Friday. December futures are up 5.25 cents for the week.,Export Sales data for the week ending August 29 shows a reduction of 173,097 MT in old crop c...

 Why the S&P 500 Is Leading the Nasdaq and Dow in 2024

Why the S&P 500 Is Leading the Nasdaq and Dow in 2024

September 10, 2024 05:29 AM AEST| By Team Kalkine Media

Headlines,The,S&P 500,is outperforming due to broader sector participation beyond growth stocks.,Tech-heavy Nasdaq faces valuation concerns and underperformance from the "Magnificent Seven.",Strong performances from value sectors and safer stocks con...

 Why Credit Cards Are My Preferred Choice Over Debit Cards

Why Credit Cards Are My Preferred Choice Over Debit Cards

September 10, 2024 05:27 AM AEST| By Team Kalkine Media

Headlines,Credit cards offer rewards that debit cards cannot match, including cash back, points, and travel miles.,Enhanced fraud protection with credit cards limits liability, unlike debit cards which can expose users to greater risk if lost or stol...

 Swiss Helvetia Fund (NYSE:SWZ) Sets 6.00% Annualized Distribution Rate for Q4 2024

Swiss Helvetia Fund (NYSE:SWZ) Sets 6.00% Annualized Distribution Rate for Q4 2024

September 09, 2024 03:22 PM AEST| By Team Kalkine Media

The Swiss Helvetia Fund, Inc. (NYSE:SWZ), a closed-end investment company, has announced its latest quarterly distribution under its managed distribution plan (the "Plan"). The distribution will be $0.129 per share of the Fund's common stock. Key dat...

 Dollar Gains Ground Amid Market Turmoil

Dollar Gains Ground Amid Market Turmoil

September 07, 2024 01:24 PM AEST| By Team Kalkine Media

Headlines,- The dollar index (DXY) recovered from a one-week low, finishing up by 0.10% due to increased demand amid falling stocks.,- Support for the dollar came from stronger-than-expected average hourly earnings for August, influencing Fed policy...

 US Dollar Declines Amid Softer Payroll Data and Fed Signals

US Dollar Declines Amid Softer Payroll Data and Fed Signals

September 07, 2024 11:29 AM AEST| By Team Kalkine Media

Headlines,The dollar index fell due to weaker-than-expected US nonfarm payrolls and dovish comments from the New York Fed.,Short covering and higher-than-expected average hourly earnings helped the dollar recover from its lowest levels.,Euro fell aga...

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