Business News
Rep. August Pfluger, R-Texas, discusses U.S. energy policy under the Trump administration on Maria Bartiromos Wall Street. President-elect Trump has tapped two energy czars to oversee the expansion of American energy in his second term, and the industry has already handed the incoming administration and Congress a wish list of what they would like to … Read more
SHANGHAI/HONG KONG (Reuters) – Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees came a day after Wu Qing, China’s chief securities regulator, pledged … Read more
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The Eurozone risks another debt crisis if the bloc cannot boost growth, lower public debt and fix “policy uncertainty”, the European Central Bank has warned. In its annual Financial Stability Review, published on Wednesday, the … Read more
Voters in California have rejected a ballot measure that would have raised the state minimum wage to $18 per hour by 2026, the highest in the country. Opponents, including the California Chamber of Commerce, said it would have increased costs, led to higher taxes and pushed businesses to cut jobs. “With the economy and costs top … Read more
Former Infosys CFO Mohandas Pai on Wednesday attacked Delhi Chief Minister Atishi and the Centre over worsening air pollution in the national capital. Calling Atishi out on the unlivable condition of Delhi, Pai accused her of misleading people on burning and pollution from Punjab. Calling the Delhi air situation a ‘great tragedy’, the former Infosys … Read more
The world’s hottest company is back to wrap up tech earnings season. Money managers are waiting nervously as Nvidia gets set to reveal its latest quarterly results on Wednesday afternoon. While Wall Street is expecting another strong showing for Q3—Visible Alpha predicts revenue will increase 84% year over year to $33.2 billion—all eyes are on … Read more
Lantheus Holdings (NASDAQ:LNTH) said on Wednesday that its board has authorized a share repurchase of up to $250 million of shares during the next one year. “We intend to commence repurchases in the fourth quarter of this year and opportunistically return
Video shows flames spewing from engine of Hainan Airlines plane following bird strike after departing Rome, Italy. (Credit: Viral Press) Boeing is set to lay off 2,199 workers in the state of Washington just days before Christmas, and workers in other states will be impacted, as well. The aviation company notified the state of Washington … Read more
Investing.com – Indonesia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Jakarta, the lost 0.18%. The best performers of the session on the were Pudjiadi Prestige Tbk (JK:), which rose 34.67% or 69.00 points to trade at 268.00 at the close. … Read more
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated sharply to 2.3 per cent in October as energy prices rose, cementing traders’ expectations that the Bank of England will hold off cutting interest rates again until next year. The annual consumer … Read more