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Is Gupta fit to run a steel business? Tycoon injects £50m to save firm
MPs launched a scathing attack on Sanjeev Gupta and claimed there was no evidence he had cleaned up his struggling metals
Airbnb profit soars on pandemic-era lifestyles
NEW YORK (AFP) - Airbnb on Thursday (Nov 4) reported record-high profit in the recently ended quarter as bookings surpassed pre-pandemic numbers, with remote work trends boosting the home-sharing platform. Users spent nearly US$12 billion (S$16.2 billion) on
Eyeing a clean slate: Shapoorji Pallonji Group aims to become net debt free by March
Intends to raise about Rs 3,655 crore via a combination of equity & debt; immediate plan is to sell stake in Mumbai-based Afcons Infrastructure & land parcel in Karnataka ...
Is Gupta fit to run a steel business? MPs launch scathing attack on Liberty boss ...
MPs launched a scathing attack on Sanjeev Gupta and claimed there was no evidence he had cleaned up his struggling metals empire. The Liberty Steel owner agreed a vital restructuring package last month that will see £50million injected into his UK plants. But
Peloton's Sprain Turns Into a Tear
Slimming down in three months is quite an accomplishment in fitness. Unless you’re Peloton , that is.
Cboe Global Markets to Launch New US Treasuries Trading Platform
Cboe Global Markets, a global market operator and trading solutions provider, announced on Thursday its plans to launch a new dealer-to-dealer trading platform for US Treasuries. According to the press release, the Cboe Fixed Income platform will be the
Crypto.com Coin Hits All-Time High After Listing From Rival Coinbase
Publicly traded cryptocurrency exchange Coinbase has been aggressively listing crypto assets of late.
CNBC Markets Now: November 04, 2021
CNBC Markets Now provides a look at the day's market moves with commentary and analysis from Michael Santoli, CNBC Senior Markets Commentator. ...
1.8% cut eyed in average coal use at power plants
CHINA flagged Wednesday it is targetting a 1.8 percent reduction in average coal use for electricity generation at power plants over the next five years, in a bid to lower greenhouse gas emissions. The target, announced by China’s economic planner, the
Commercial reserves urged for cobalt, nickel
CHINA should improve its capability to secure nickel and cobalt resources and set up commercial reserves for the metals, Shanghai Securities News reported Thursday, citing an official with the China Nonferrous Metals
News Bites
Premier calls for fine-tuning of policies PREMIER Li Keqiang said preemptive steps and fine-tuning of policies are needed to address challenges facing China’s economy, as concern builds over slowing growth. During a meeting Wednesday of the State Council, Li
20 years after WTO entry, China delivers dividends
JOINING the World Trade Organization (WTO) in 2001 has become a watershed event in China’s development, not just in terms of the phenomenal changes happening within China, but also its interaction with the rest of the world, in particular the global spillovers
Office lease renewals gain pace as firms plan to bring back employees in January
According to a joint report by international property consultant Colliers and real estate data and analytics platform Propstack, lease renewals were up 8 percentage points against the 15-month pre-pandemic period (January 2019-March 2020). ...
Fed’s Powell and ECB’s Lagarde to markets: Hold your rate hike horses
A rush of expectations that tightening signals by
Stagwell (STGW) to Participate in Upcoming RBC Capital Markets Global Technology, Internet, Media, and Telecom ...
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- (NASDAQ: STGW) – Stagwell announced today that Mark Penn, Chairman and CEO, will present at the upcoming RBC Capital Markets Global Technology, Internet, Media and
Buyout sharks target British banks:�Metro in crosshairs of US giant
Private equity sharks have now set their sights on Britain's banking sector, as Metro Bank found
BT brings back dividend as it barricades itself against takeover bid
BT brought back its dividend and accelerated cost-saving plans as it tries to defend itself from a
Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar
Since October, Multi-chain compatible DeFi platforms saw record inflows as investors and developers attempted to avoid the Ethereum network due to soaring gas fees. ...
Bullish sentiment pushes Nasdaq, S&P 500 to records
NEW YORK (AFP) - US stocks had another healthy day of trading on Thursday (Nov 4), with the S&P; 500 and Nasdaq again posting records and the Dow dipping only slightly. The continued vigour in equity markets appeared to be driven by positive feeling about
Pound crashes as City labels Bailey an 'unreliable boyfriend' over interest rate decision
The pound tumbled yesterday as Bank of England governor Andrew Bailey came under fire for his botched handling of the latest interest rate decision. Sterling was down 1.4 per cent against the dollar last night, at $1.35, after the central bank failed to hike
Pound crashes as City labels Bailey an ‘unreliable boyfriend over interest rate decision
The pound tumbled yesterday as Bank of England governor Andrew Bailey came under fire for his botched handling of the latest interest rate decision. Sterling was down 1.4 per cent against the dollar last night, at $1.35, after the central bank failed to hike
Now private equity sharks target British banks: Metro in the crosshairs of US buyout giant
Private equity sharks have now set their sights on Britain's banking sector, as Metro Bank found itself in the crosshairs of a US buyout giant. The challenger bank confirmed yesterday that Carlyle had approached it, though no formal offer has yet been
'You can't WFH in the foreign legion', says explorer and tycoon Simon Murray, still controversial ...
The financial world is full of warlike language: there are boardroom coups, bid battles and bombshells, but however dramatic they sound, these are merely martial metaphors. Not so for Simon Murray. The veteran businessman, who has served on a string of boards
BT brings back dividend as it barricades itself against takeover bid by largest shareholder
BT brought back its dividend and accelerated cost-saving plans as it tries to defend itself from a possible takeover by its largest shareholder. The telecoms group declared an interim dividend of 2.31p per share in its results for the six months to the end of
MARKET REPORT: Purplebricks' share price crumbles as online estate agent warns it is running out ...
Purplebricks' share price crumbled after the online estate agent warned it was running out of houses to sell. Trading in the six months to the end of October had been 'challenging' for the group as the number of homes it had been instructed to sell 'slowed
Stocks making the biggest moves after hours: Peloton, Pinterest, Uber and more
See which stocks are posting big moves after the bell. ...
Fed Focuses On Taper And Leaves Interest Rates For Another Day
As the markets rallied on the Fed news, the VIX quietly returned to 15 despite lingering economic risks. ...
AOC calls out Democratic holdouts trying to limit benefits like paid leave in Biden's agenda: ...
Rep. Alexandria Ocasio-Cortez (L) (D-NY). Win McNamee/Getty Images AOC called out lawmakers for suggesting limits to who would get benefits like paid leave. She said many people making decisions "literally have to imagine what normal life is like." Manchin has
AIG Third-Quarter Profit Jumps 490% on Insurance Sales, Higher Premiums
American International Group Inc. reported strong improvement in third-quarter profit, as
$1m in gold and silver traded on OCBC app service since Oct launch
An OCBC Bank initiative to enable investors to buy and sell gold and silver has seen around $1 million worth of the precious metals traded since Oct 25, the bank says. Investors can now instantly set up an account to trade gold and silver in real time in
Meta makes changes to marketing strategy amid public scrutiny
NEW YORK • Since spring, the social media company formerly known as Facebook has been evaluating where it advertises and how much it spends doing so, taking pitches from agencies that want to help manage its enormous marketing budget. The so-called media
Lenovo overcomes chip shortage to post 65% rise in Q2 profit
SHANGHAI • China's Lenovo Group, the world's biggest maker of personal computers, reported a 65 per cent rise in second-quarter profit yesterday and said it was able to outgrow the market by securing more components amid a global chip shortage. Profit for the
Boss is open and kind, so we are less likely to cheat our company
SINGAPORE- You know that kinder and more transparent workplaces can lead to better productivity and happier employees. A new study now shows that those traits also restrain staff from teaming up to steal, lie or engage in schemes that cause harm to their
Employees less likely to harm firm if boss is kind and transparent
You know that kinder and more transparent workplaces can lead to better productivity and happier employees. A new study now shows that these traits also restrain staff from teaming up to steal, lie or engage in schemes that cause harm to their companies. Using
Oil slips as investors turn focus to crucial Opec+ meeting
NEW YORK • Oil dipped for a third day as investors turned their focus to an Opec+ meeting on production policy after US crude stockpiles expanded. Futures in New York edged towards US$80 a barrel after losing almost 4 per cent over the past two sessions.
Velodyne's Q3 loss widens; lidar company names a new CEO
Shares of Velodyne Lidar Inc. VLDR, -4.58% fell more than 9% in the extended session Thursday after the company fell
Livent Q3 sales top views, company tweaks guidance higher
Shares of Livent Corp. LTHM, +2.32% fell more than 5% in the extended session Thursday after the lithium producer reported mixed
Shop local at these 21 Tampa Bay holiday markets
Holiday markets are opening early this year in the Tampa Bay area. A “Small, But Mighty” market opens Nov. 9 and the Junior League’s giant annual Holiday Gift Market opens with a preview party Nov. 11. Here are 21 local holiday markets for your shopping
OTC Markets Group Announces Third Quarter Earnings Conference Call and Webcast
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) today announced it will report its financial results for the third quarter ended September 30, 2021, after the close of the U.S. capital markets on Wednesday, November 10, 2021. In
Hawkish Fed comments and fears of stablecoin regulation spark market sell-off
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon. ...
CIL jittery over coal ministry’s stiff stock target
A former CIL CMD said on the condition of anonymity that the ministry's demand means to supply 48 days' coal requirement in 30 days. “The PSU miner's production will depend on its capacity and capacities are not built overnight,” he said. ...
S&P 500 notches 63rd record close of 2021 amid encouraging jobless-claims data and tech strength
Investors have become more cautious about US stocks in recent weeks. Johannes Eisele/Getty Images The S&P; 500 closed at a record high on Thursday for the 63rd time in 2021 after encouraging jobless claims data.Filings for unemployment insurance fell to 269,000
Bank of America's COO shared his outlook for the future of the digital-asset space in ...
Tom Montag, COO of Bank of America (left), and Michael Gronager, CEO of Chainalysis (right). Isabelle Lee/Insider Bank of America COO Tom Montag said cryptos remind him of the early days of derivatives. At a conference hosted by Chainalysis, he also said the
New York City Mayor-Elect Eric Adams says he will take his first 3 paychecks in ...
New York City Mayor-Elect Eric Adams. Spencer Platt/Getty Images NYC Mayor-Elect Eric Adams said he will take his first three paychecks in bitcoin. His comment came after Miami Mayor Francis Suarez on Tuesday announced he'll take his next paycheck in bitcoin.
Stock markets kick off Samvat 2078 on a cheerful note
Stock markets kicked off Samvat 2078 on a cheerful note buoyed by the fuel duty cuts and the US Fed shying away from any decision to cut its policy rates in the future. At a special one-hour session on Thursday, the Sensex regained the 60000 mark as it rallied
Secret Student Loans Memo Means This For Student Loan Cancellation
What it means for your student loans. ...
WW stock falls after Q3 sales miss targets, membership slows
Shares of WW International Inc. WW, -2.59% fell more than 5% in the extended session Thursday after the company formerly known as Weight Watchers
Bloom Energy shares sink in after-hours trade after wider-than-expected loss and revenue miss
Bloom Energy Corp. BE, -5.66% shares slid 2.2% in after-hours trade Thursday, after the company posted a
Dow lags as S&P 500, Nasdaq score another record close
Stocks ended mostly higher, with the Dow Jones Industrial Average snapping a five-day
White House: Biden 'comfortable' with payments to families separated at border, but not $450,000 a person
The White House on Thursday provided more details on President Joe Biden's stance on potential payments of around $450,000 a person to immigrant
BT is right to ignore distractions and get on with digging for Britain | Nils Pratley
Shareholders will be reassured by group’s decision to roll out full-fibre broadband alone Hurrah, BT has seen the light. It has dropped the idea of forming a complicated joint venture to help fund the rollout of full-fibre broadband. That tentative proposal
‘Continuing with monetary stimulus likely to be riskier for economy’
There’s a possibility that RBI could start narrowing the policy corridor from the current 65 basis points in the next stage. I don’t expect a change of accommodative stance yet and maybe they may want to see two-three quarters of sustained growth. ...
Manhattan DA convenes new grand jury in Trump Org. case: report
The Manhattan district attorney has convened a second long-term grand jury to hear
Higher Prices At The Pump May Be Around For A While
By Daniel James Graeber The price at the gasoline pump is not expected to move substantially lower any time soon, though analysts told Zenger they can’t rule out some big ups and downs in the future. Travel club AAA listed a national average retail price
OPEC Leaves Output Plan Intact, Defies Biden Pressure
The Organization of the Petroleum Exporting Countries (OPEC) and its crude-producing allies, OPEC+, agreed to maintain their production plan, despite
Latest Fed Move Signals A Return To Normal
Commonwealth CIO Brad McMillan unpacks the latest move by the Fed, including why it may signal good news about the economy. ...
Why Bitcoin bears are trying to keep BTC price below $62K for Friday’s options expiry
Bitcoin price dropped to $60,700 on Nov. 4 and bears are keen to pin the price under $62,000 to profit from Nov. 5’s options expiry. ...
October's jobs report expected to show a rebound in hiring as Covid cases declined
Hiring is expected to have picked up at a solid pace and wages continued to climb in October, as Covid receded and the economy improved. ...
Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and more
These are the stocks posting the largest moves in midday trading. ...
Google, CME Announces 10-year Strategic Partnership
CME Group and Alphabet Inc.’s Google has inked a strategic deal in a bid to transform the derivatives sector with the help of technology, expanding access and creating efficiencies for all market players. According to the official press release, Google
Crypto Data Provider CryptoCompare Receives FCA Authorization to Operate as Benchmark Administrator
Leading cryptocurrency market data and index provider
Earnings Preview: What To Expect From Airbnb Today
Airbnb Inc. is scheduled to report earnings after today’s close. Here's a closer look. ...
3 Things Parents Who Instill Healthy Financial Habits In Their Children Do Right
There’s no one right way to parent—particularly when it comes to instilling healthy habits in children. But here's what parents of financially stable kids do well. ...
Forget the supply chain ruining Christmas. Companies are prepping for a blowout holiday season.
A help wanted sign is posted outside of Dunkin Donuts in Downtown Crossing in Boston on June 14, 2021. Jessica Rinaldi/The Boston Globe/Getty Images Companies plan to hire 939,300 seasonal workers for the holidays, according to outplacement firm Challenger
Cryptocurrencies should not be viewed as their own asset class and should be evaluated individually, ...
Valerie Szczepanik, director of the SEC's Strategic Hub for Innovation and Financial Technology, is seated at right during the Chainalysis conference. Isabelle Lee/Insider Cryptocurrencies should not be viewed as their own asset class, said the director of the
'Crypto mom' Hester Peirce scoffed at the idea of adding a new watchdog for digital assets
SEC commissioner, Hester Peirce. Chris Maddaloni/CQ Roll Call Chris Maddaloni/CQ Roll Call Hester Peirce, the so-called crypto mom, said digital assets don't need a new watchdog. The SEC commissioner said the financial regulatory system is already so
16 million student-loan borrowers could be facing 'millions of mistakes and problems' at the hands ...
Students toss their hats at Wesleyan University's commencement ceremony in 2018. Eduardo Munoz Alvarez/Getty Images Three student-loan companies are shutting down federal services, impacting 16 million borrowers. Elizabeth Warren joined six Democrats in
The latest data on the economy say it's totally recovered, but it still feels like ...
Housing advocates and tenants gathered to protest the eviction of tenants from the 50-unit Tokio Hotel apartments following the lifting of eviction moratoriums in Los Angeles. Al Seib/Getty Images The pandemic has widened inequality, hitting vulnerable workers
U.S. oil prices settle below $80 a barrel after OPEC+ stands pat on output increases
Oil futures ended lower on Thursday, with U.S. prices settling below $80 a barrel for the first time since early October. Oil saw a volatile
Bank stocks take a broad beating as Treasury yields fall in wake of Fed taper talk
Financial stocks were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve's detailing of its widely
European markets close higher, 4 indices post new records
European stock markets closed higher on Thursday while four indices climbed to new record high levels. The STOXX Europe 600, which includes
Earnings Preview: What To Expect From Square Today
Square Inc. is scheduled to report earnings after today's close. Here is a closer look. ...
Stocks rise on Wall Street, continuing gains for US indexes
Stocks edged higher in midday trading on Wall Street Thursday, potentially setting the market up to notch more record highs. The S&P; 500 rose 0.2% as of 11:51 a.m. Eastern. The benchmark index is coming off of five straight gains and a succession of record
Nasdaq rallies toward longest win streak in 2 years despite negative market breadth
Both the S&P; 500 SPX, +0.24% and Nasdaq Composite COMP, +0.77% are rallying toward sixth-straight record
Grayscale Says It’s Exploring Terra and Avalanche
Key Takeaways Grayscale is exploring adding Terra and Avalanche to
Elrond Enters Price Discovery Mode With $440 in Target
Key Takeaways Elrond has surged by more than 20% in
Dogecoin Rival SHIB Plunges 27% in 24 Hours in Massive Sell-Off
The hottest “meme coin” of the moment was hit hard by a
Livestock markets for Nov. 2-3
EL CAMPO Nov. 2 Receipts: 1,261 Steers: (under 200) $145-$210; (200-300) $160-$200; (300-400) $159-$198; (400-500) $144-$186; (500-600) $135-$155; (over 600) $124-$144. Heifers: (under 200) $141-$185; (200-300) $126-$160; (300-400) $134-$192; (400-500)
NerdWallet soars 91% in IPO debut, valuing the personal finance website at $2 billion
Tim Chen and Jake Gibson cofounded NerdWallet in 2009. LinkedIn NerdWallet stock soared as much as 91% in its IPO debut on Thursday, valuing the personal finance website at $2 billion.The company priced its IPO at $18 per share, in the middle of its
Gold futures settle higher as U.S. Treasury yields fall a day after the Fed's policy decision
Gold futures ended sharply higher on Thursday,
Moderna Stock Tumbles on Earnings Miss and Lower COVID-19 Vaccine Sales Forecast
Moderna shares fell by more than 17 percent in early trading Thursday after the company slashed its COVID-19 vaccine sales forecast for 2021 by
Big 3 Segments Drive Thomson Reuters’ Q3 Beat, Raises FY21 Outlook
Thomson Reuters Corp. reported third-quarter FY21 revenue growth of 6 percent year-on-year to $1.53 billion, beating the consensus of $1.50 billion.
Bond Markets Flash Turmoil and No One Else Much Cares
Investors have jolted government bond markets in the
What To Expect From Johnson Controls Stock Q4 FY2021 Results?
A recovery in economic growth will bode well for Johnson Control’s revenue growth, with a pickup in demand for security as well as HVAC products for the residential as well as non-residential market. ...
BUSINESS CLOSE: Bank of England holds interest rates; Pound slips; US Fed begins tapering Covid ...
The Bank of England voted to keep UK interest rates on hold at a record low of 0.1 per cent today, spelling more bad news for cash savers. Many City experts had expected the BoE to hike interest rates at today's crux vote, and some banks and building societies
K-Pop sensation BTS dives into the crypto space after the band's agency signs a deal ...
BTS The Chosunilbo JNS Hybe, which manages BTS and other K-Pop stars, said it had signed a deal to produce NFTs with South Korea's largest crypto operator. Bloomberg reported Thursday that Hybe was planning a video game and other digital content linked to the
Robinson-Patman Act: A federal law aimed at leveling the playing field between small and large businesses
The Robinson-Patman Act prevents distributors from giving large retailers preferential pricing over smaller ones. RUNSTUDIO/Getty The Robinson-Patman Act prohibits price discrimination against small business. It was enacted to overcome ambiguity in the Sherman
Bill Ackman says the Fed is ignoring how ESG investing is contributing to surging inflation
Bill Ackman, CEO of Pershing Square Capital. Reuters Bill Ackman said the Fed is ignoring the pressure ESG initiatives are putting on inflation."Stakeholder capitalism will drive much needed increases in wages, but also higher energy costs," he tweeted.Ackman
These 10 cities have seen the hottest crypto-hiring market in 2021
Austin, Texas. RoschetzkyProductions/Shutterstock Cities across the country are tapping into their pools of cryptocurrency talent. San Francisco, Austin, and New York have hired the most crypto-related workers, Bloomberg reported. Mid-size cities in Oregon,
Should You Pay Off Your Mortgage Before Retiring? Usually.
I would like to get your thoughts about the
Bitcoin on-chain metric suggests 2017-style bull run will continue
Dubbed MVRV, the indicator represents the ratio of Bitcoin's Market Value to Realized Value. ...
Bank of England Wrong-Foots Markets, Keeps Rates on Hold
LONDON—The Bank of England kept interest rates on hold on Thursday, dashing investors' expectations for a hike that would have made
Metro Bank's share price soars after takeover approach by US based private equity firm Carlyle
Metro Bank’s share price soared by almost 50 per cent today after news of a takeover approach was announced. The bank said it has been
Samvat 2078 starts with a bang; analysts expect a multi-year bull run
Diwali this year has brought cheer to the markets. After last week's sharp market fall, the Sensex and Nifty began Samvat 2078, the Hindu New Year, on a positive note. In the one-hour special trading session held by the BSE and National Stock Exchange
OPEC+ keeps cautious oil production despite Biden pressure
OPEC and allied oil-producing countries rebuffed pressure from US President Joe Biden to pump significantly more oil and lower gasoline prices for US drivers, deciding Thursday to stick with their plan for cautious monthly increases even as prices surge and
Twitter’s Stock Fell Post Earnings, Time To Enter?
At its current price of $54, Twitter’s stock has a good upside potential. In recently released Q3 2021 earnings, Twitter saw revenue grow to $1.28 billion, up 37% y-o-y. The growth was led by advertising revenue which was $1.14 billion.. ...