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Financial News Around the World

Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

The consumer price index was expected to increase 0.2% in August and 2.6% from a year ago.

Published 11 September 2024
Categorised as Finance News

Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder

Since mid-July, Berkshire Hathaway has sold more than 174.7 million shares of the Charlotte-based bank for $7.2 billion.

Published 11 September 2024
Categorised as Finance News

Here’s why September and October are historically weak for stocks

‘The most intense panics on Wall Street have tended to occur during the late summer and early autumn months,’ an advisor and author says.

Published 11 September 2024
Categorised as Finance News

China’s AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China

Chinese artificial intelligence models may be at least half a year behind those made in the U.S., said Kai-Fu Lee, former head of Google China.

Published 11 September 2024
Categorised as Finance News

UK economy flatlines again in July, below expectations

U.K. economy remained flat in July, flash figures published from the Office for National Statistics showed Wednesday.

Published 11 September 2024
Categorised as Finance News

CEO of property firm Damac expresses concerns over ‘expensive’ Dubai

Increasing demand for property, especially in the luxury space, is boosting prices not just of homes but of everything else in Dubai.

Published 11 September 2024
Categorised as Finance News

Stocks making the biggest moves after hours: Petco, Dave & Buster’s, Morgan Stanley and more

See which stocks are posting big moves after the bell.

Published 10 September 2024
Categorised as Finance News

Two key inflation reports this week will help decide the size of the Fed’s interest rate cut

The Bureau of Labor Statistics will first release the consumer price index Wednesday and then the producer price index Thursday, both measuring August prices.

Published 10 September 2024
Categorised as Finance News

Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more

These are the stocks posting the largest moves in midday trading.

Published 10 September 2024
Categorised as Finance News

JPMorgan Chase shares drop nearly 7% after bank tempers guidance on net interest income

JPMorgan Chase shares plummeted after the bank gave

Published 10 September 2024
Categorised as Finance News

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