Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Manulife Financial Corp. stock falls Friday, underperforms market
Shares of Manulife Financial Corp. MFC dropped 2.85% to C$61.99 Friday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.52% to 35,788.18. Manulife Financial…
Intact Financial Corp. stock falls Friday, underperforms market
Shares of Intact Financial Corp. IFC shed 1.06% to C$264.54 Friday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.52% to 35,788.18. Intact Financial Corp. closed…
Nvidia's role as AI financier faces first big test as neoclouds take market hit
As Nvidia has transitioned from chipmaker to industry financier, some investors see the company taking on outsized risk tied to the AI buildout. Those concerns are showing up in the market with shares of neoclouds tanking and bond yields rising.
Lenders Are Mystified by Virgin Media's Vendor Financing Notes
This article is for subscribers only. Welcome to The Brink. It's Libby Cherry, Edward Clark and Eleanor Duncan, and we've been reporting on Virgin Media's vendor financing notes, which divide opinion among lenders. We also have news on Optimum…
Vision Financial Markets LLC Purchases 31,600 Shares of Frontline PLC $FRO
Vision Financial Markets LLC acquired a new stake in shares of Frontline PLC (NYSE:FRO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 31,600 shares of the shipping…
Amex slashes 3,500 jobs and joins cull across finance world
American Express revealed plans Friday to cut around 3,500 jobs – about 5 percent of its global workforce – as the company's executives admitted that artificial intelligence was a factor. The cuts mark Amex's first major round of…
Earnings Scorecard: Financials log 80% EPS beat rate vs. revenue this week
Financial stocks outperformed the broader market this week as investors assessed third-quarter earnings across banks, insurers, consumer finance providers, and capital-markets firms. The Financial Select Sector SPDR Fund (XLF) gained 2.35% over the…
Should AI agents be making financial decisions? It depends.
Our Newsweek AI Impact webinar earlier this week did something I always like: It made AI sound a lot less magical and a lot more operational. What made the conversation useful was how quickly it got into the machinery of the business itself.
Bank of Italy's Scotti Urges Staged Investment in Digital Finance
Bank of Italy Deputy Governor Chiara Scotti urged lenders to develop adaptable digital-finance systems, saying early preparation could help banks retain influence as tokenized markets and customer interfaces evolve. Speaking in Milan on Oct. 23…
Forget the riots - France's downfall will come from its completely broken finances
The English say all bad ideas come from France, but that is unfair to the Germans. The scenes of riot and destruction from France may arise from our Gallic friends' particular circumstances and peculiar habits, but they reflect Europe's general…
The Week's 10 Biggest Funding Rounds: AI Drives A Varied Lineup Of Large Financings
Want to keep track of the largest startup funding deals in 2026 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board. This is a weekly feature that runs down the week's Top 10…
Money and fear: The financial lessons from iconic horror villains Ghostface, Samara, and Candyman
I was a card-carrying scaredy-cat through my childhood and early teen years, but the release of Wes Craven's 1996 film Scream single-handedly turned me from nervous Nellie to horror aficionado overnight. Watching Neve Campbell's Sidney Prescott…
X Finance Bull Sees Institutional Uses for Evernorth's XRP Plan
Evernorth's plan to put some of its XRP treasury to work has drawn a bullish response from crypto commentator X Finance Bull, who pointed to possible uses in institutional markets. The deployment remains conditional, and the company has not…
UK and Oman Raise Export Finance Capacity to £7 Billion
The United Kingdom and Oman set out a broader economic and security partnership, with UK Export Finance increasing its country limit for Oman by £1.6 billion to support British exports. The Oct. 23 joint statement said the limit now allows…
DeepSeek Financing Reaches 100 Billion Yuan After Fundraising Goal Rises
DeepSeek's fundraising target rose by 20 billion yuan before the round closed, bringing the financing to 100 billion yuan, or about $15 billion. The earlier 80 billion yuan amount referred to the goal before it was revised, not a separate…
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