Business

Norinchukin Bank CEO to Resign Following Loss on Foreign Bonds

Published on: February 19, 2025, 03:01 AM UTC

Japan's Resonac Holdings looks to make deals, eyes JSR stake

Published on: February 19, 2025, 03:00 AM UTC

Intel shares surge 16% on potential deals with Broadcom and TSMC, Intel's stock has jumped 38.5% over the past five days, the largest gain in the company's history as a public company.

Published on: February 19, 2025, 02:02 AM UTC

Billionaire investor Bill Ackman's Pershing Square submits revised bid to purchase 10 million shares of Howard Hughes Holdings at $90 each.

Published on: February 19, 2025, 02:02 AM UTC

Australia's annual wage growth slowed to 3.2% in the fourth quarter, the lowest since 2022, despite near-record low unemployment, signaling a potential easing of inflation. This supports the central bank's view that the labor market is not fueling significant price pressures.

Published on: February 19, 2025, 02:01 AM UTC

Elon Musk's efficiency commission has targeted Social Security, sparking concerns about the program's funding and benefit payments. However, reforms are needed to address the funding shortfall as benefit payments outpace tax revenue. Options include raising taxes, cutting benefits, or a combination of both. While Musk's commission may identify waste and abuse, the main issue is the imbalance between a declining workforce and a growing retiree population. Resolving this requires raising taxes or cutting benefits, or both.

Published on: February 19, 2025, 01:02 AM UTC

**US stocks mixed amid policy uncertainty and earnings season** US stocks ended mixed Tuesday as investors weigh potential policy changes from the Federal Reserve and US President Donald Trump. The Dow Jones and Nasdaq Composite finished slightly higher, while the S&P 500 rose 0.2% to hit a fresh record close. Investors remain cautious after Monday's closure for Presidents Day and are closely watching the Fed's January meeting minutes due Wednesday for clues on future rate hikes. Earnings season continues, with results from companies like Baidu and Walgreens Boots Alliance this week.

Published on: February 19, 2025, 01:02 AM UTC

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Published on: February 19, 2025, 01:02 AM UTC

Pershing Square, led by Bill Ackman, submits a revised offer to acquire 10 million shares of Howard Hughes Holdings (HHH) at $90 per share, seeking 48% ownership. Ackman plans to transform HHH into a modern-day Berkshire Hathaway, acquiring controlling interests in private and public companies.

Published on: February 19, 2025, 01:01 AM UTC

Markets are responding positively to President Trump's reported conversation with Vladimir Putin about ending the war in Ukraine. Russian stocks, the ruble, and US stocks have all risen on the news. Betting markets also show increased optimism that a cease-fire could soon be reached.

Published on: February 19, 2025, 01:01 AM UTC