Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Relief in financial markets after Iran ceasefire - but it is far from absolute | Richard Partington
A plunge in the oil price, stock market rally and renewed hopes for the global economic outlook. After the announcement of a two-week ceasefire in the Iran war, the relief in financial markets was palpable. But it is far from absolute. For the past…
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0727 GMT – Close Brothers said the total cost of a redress plan stemming from a probe into car loan agreements is…
Intact Financial Corp. stock rises Wednesday, outperforms market
Shares of Intact Financial Corp. IFC rallied 1.25% to C$251.07 Wednesday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.15% to 33,620.57. Intact Financial…
MFA Financial Inc. stock rises Wednesday, still underperforms market
Shares of MFA Financial Inc. MFA rallied 2.07% to $9.84 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP rising 2.80% to 22,635.00 and the Dow Jones Industrial Average…
Why human capital is the ultimate moat in AI-first finance
While we are a tech company focused on financial services, we've realized a hard truth: in the high-stakes world of regulated AI, your model is only as good as the person who built it. While the rest of the industry is obsessed with…
Caterpillar Names Incoming Chief Financial Officer
Caterpillar appointed Kyle Epley as chief financial officer, effective May 1. Epley, a veteran of the construction equipment company, will succeed Andrew Bonfield, who will transition to an advisory role before retiring Oct. 1, Caterpillar said…
Wu releases $4.9 billion budget proposal amid 'difficult moment' for city's finances
Boston Mayor Michelle Wu officially unveiled her $4.9 billion budget proposal for fiscal year 2027 Wednesday. The budget proposes an increase in spending of just 2.1 percent, one of the lowest increases since the aftermath of the global financial…
Financials Up as Private-Credit Fears Ease Despite Blue Owl Outlook -- Financials Roundup
Shares of banks and other financial institutions rose as private-credit fears subsided somewhat. Blue Owl shares fell after credit-ratings agency Moody's lowered its outlook for the money manager's flagship Blue Owl Credit Income fund to negative…
Rough Markets Create a Windfall for Virtu Financial
Turbulent times for investors have been a boon for trading firm Virtu Financial. Shares in the market maker closed at an all-time high Tuesday after six consecutive days of gains. It's up 43% year-to-date and 8.4% already in April. “When…
The new, AI-powered Google Finance is expanding to more than 100 countries.
Starting today, the new, AI-powered Google Finance is going global. Over the coming weeks, we're rolling out the experience to 100+ countries — including Australia, Brazil, Canada, Indonesia, Japan, Mexico and more — with full local…
Economic volatility 'somewhat' eases after US-Iran ceasefire: finance minister
Finance Minister Koo Yun-cheol said Thursday that volatility in the financial and foreign exchange markets has 'somewhat eased' following a two-week ceasefire between the United States and Iran. Following the announcement that U.S. President Donald…
Close Brothers says £320m car finance hit can be 'comfortably absorbed'
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Close Brothers has said it can…
'Excessive' financial risks threaten survival of many English universities, report warns
Many English universities are taking excessive financial risks that threaten not only their own survival but that of others in the sector, a thinktank has warned. High levels of borrowing at some institutions and rapid expansion of student numbers…
ABC finance expert divides with bold proposal to fix childcare crisis
READ MORE: ABC star reveals new scam that Aussies need to know about One of Australia's leading finance gurus has urged the Albanese government to nationalise the childcare industry and make education free for all under-5s. ABC presenter Alan…
The world's finances weren't ready for an energy shock of this magnitude
You have reached your maximum number of saved items. Remove items from your saved list to add more. Add articles to your saved list and come back to them anytime. Never has the world been less prepared for the oil shock delivered by the decision by…
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