Alight Says Cannae Sold 12 Million Company Shares Due to Liquidity Needs
Alight said Cannae Holdings sold a significant amount of its interest in the cloud-based human-technology and services provider to support its own liquidity needs. Cannae on Tuesday sold 12 million ...
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10-year Treasury yield touches session low after French government falls
U.S. government debt rallied further on Wednesday, sending yields to session lows, after the government of French Prime Minister Michel Barnier collapsed on a no-confidence vote. The 10-year yield was ...
Stocks are starting out December strong, but the big gains usually come later
U.S. stocks have been strong to kick off December, but the big gains seasonally tend to be around month's end. Goldman Sachs ...
Will Trump nix Biden’s coverage plan for weight-loss drugs? It’ll be a close call.
While President-elect Donald Trump looks poised to scrap many policies of the Biden administration, one veteran analyst says ...
Euro steady as French government toppled in no-confidence vote
The euro was little changed versus the U.S. dollar at $1.0513 Wednesday afternoon, showing little reaction to the widely expected result of a no-confidence vote in the French parliament that toppled ...
Tech stocks head for best day since just after U.S. election
The S&P 500's information technology sector was heading for a record close and its best day of gains since the big rally that emerged following the U.S. election. The sector was up 1.7% on Wednesday, ...
Popular bond ETFs rise modestly in afternoon trade
Exchange traded funds that provide broad exposure to the U.S. investment-grade bond market were rising modestly in afternoon trade Wednesday. The iShares Core U.S. Aggregate Bond ETF and Vanguard ...
Fed’s Beige Book says economy is stable. Firms more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the ...
Bitcoin not a competitor for the dollar, but for gold: Powell
Federal Reserve Chair Jerome Powell said Wednesday that he doesn’t think bitcoin is a competitor to the U.S. dollar, but rather is a competitor to gold. “People use bitcoin as a speculative asset,” ...
Traders stick with December rate-cut view after Powell speaks
Fed-funds futures traders continued to cling to the likelihood of a quarter-point rate cut at the Federal Reserve's next meeting in two weeks, even after Fed Chair Jerome Powell said officials can be ...
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Powell says Fed can't make policy about the prospect of tariffs
The Federal Reserve has to make policy about what is happening in the economy now and can't adjust rates with potential tariffs in mind, Fed Chair Jerome Powell said Wednesday. Powell gave a long list ...
Mexico to Raise Minimum Wage by 12% in 2025
MEXICO CITY--Mexico's minimum wage will be raised by 12% in 2025, according to an agreement reached among business, government and labor groups.