Latest Financial services News
Stock market today: Asian shares are mixed as China stocks get bump from new property measures
Asian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property market. U.S. futures were little changed, with the contract for the Dow Jones Industrial Average near 40,000 after it topped...
China rolls out new measures to fix its property crisis, spur growth
China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year. Among other things, the central bank said it would reduce the minimum down payment for...
Warren Buffett's Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb
OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway on Wednesday revealed a new $7 billion stake in fellow insurer Chubb. Berkshire disclosed the investment it has been building over the past nine months in a quarterly filing with the Securities and Exchange Commission....
University of California official says system has $32 billion in holdings targeted by protesters
SACRAMENTO, Calif. (AP) — Investments in weapons manufacturers and a wide array of other companies by the University of California targeted by students protesting the Israel-Hamas war represent $32 billion - or nearly one-fifth - of the system's overall assets, the system's chief investment...
Creative Media & Community Trust: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Creative Media & Community Trust Corporation (CMCT) on Wednesday reported a loss in a key measure in its first quarter. The real estate investment trust, based in Dallas, said it had a funds from operations loss of $4.4 million, or 19 cents per...
Fed's Powell downplays potential for a rate hike despite higher price pressures
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Yet Powell, during a panel...
Hedge fund operators go on trial after multibillion-dollar Archegos collapse
NEW YORK (AP) — A fraud trial began Monday for the founder of a hedge fund that cost leading global investment banks and brokerages billions of dollars when it collapsed. A prosecutor portrayed Bill Hwang, the founder of Archegos Capital Management, as a greedy man hoping to become...
Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a...
American Healthcare REIT: Q1 Earnings Snapshot
IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — American Healthcare REIT Inc. (AHR) on Monday reported a key measure of profitability in its first quarter. The results did not meet Wall Street expectations. The Irvine, California-based real estate investment trust said it had funds...
Argentina will get next installment of bailout as IMF praises Milei's austerity policies
BUENOS AIRES, Argentina (AP) — The International Monetary Fund, Argentina's biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The...
