Explore the latest finance news, stock market updates, business trends, and expert insights to stay ahead in the financial world
BERN, Switzerland — The Swiss government is preparing to scale back parts of a proposed regulatory package that could require UBS to raise as much as $24 billion in additional capital, according to three people familiar with the discussions. The potential softening of the UBS capital rules comes after weeks of pushback from the banking … Read more
The European Union and the Group of Seven nations are weighing a full ban on maritime services for Russian oil exports, a move that would replace the existing price cap and tighten pressure on Moscow’s wartime revenue streams, according to six people familiar with the talks. The discussions mark the most significant shift in Western … Read more
Meta stock climbed about four percent Thursday after a Bloomberg report said Chief Executive Mark Zuckerberg was preparing to make major cuts to the company’s metaverse operations. The potential reductions, which sources told Bloomberg could reach as high as 30 percent, would mark the most significant pullback since Meta rebranded from Facebook in 2021 to … Read more
WASHINGTON — Venture Global executives’ acquisitions of company shares have sparked scrutiny following regulatory approvals for liquefied natural gas exports, though officials maintain the purchases adhered to securities laws and company policy. The transactions and subsequent market movements have raised questions about potential conflicts of interest, amid broader concerns over energy market volatility. A spokesperson … Read more
The Powerball jackpot continued its upward trajectory Wednesday night after no one claimed the top prize in the Dec. 3 drawing, leaving the estimated grand prize at $820 million, with a cash value of $383.5 million. The draw produced winning numbers 1, 14, 20, 46, 51, and the Powerball 26, with a 3X Power Play … Read more
Microsoft Corp.’s stock fell more than two percent Wednesday after a report suggested that the company’s artificial intelligence software sales fell short of growth expectations, raising questions about the adoption of AI tools in traditional business settings. The Information reported that many of Microsoft’s sales staff did not meet targets for the company’s Foundry product, … Read more
The US dollar was set for its ninth straight decline on Wednesday as traders increasingly bet on Federal Reserve rate cuts following a series of economic data points and signals of a more dovish monetary policy stance. Investors also weighed the growing prospect of a new Fed chair, adding complexity to expectations for future policy … Read more
Michael and Susan Dell have pledged $6.25 billion to fund investment accounts for at least 25 million American children, marking one of the largest charitable donations in the nation’s recent history. The funds will support so called “Trump Accounts,” a program set to launch in 2026, which allows parents to manage investment accounts on behalf … Read more
Boeing stock rose sharply Tuesday after the company’s chief financial officer said the planemaker expects higher deliveries of its 737 and 787 aircraft next year, signaling renewed confidence as the company works to stabilize output and restore trust across its supply chain. CFO Jay Malave told investors at a UBS conference that Boeing anticipates stronger … Read more
US stocks sank on Monday as investors pulled back from risk assets and the late November rebound hit resistance on the first trading day of December. Major indexes slid in early trading, led by declines in technology shares and a deepening bitcoin slump, widening concerns that a typically strong month for equities may not follow … Read more
