Two Sigma to cut 200 jobs after review - Bloomberg
NEW YORK - Two Sigma Investments, a prominent hedge fund, is set to reduce its workforce by approximately 200 employees, a move that comes after a comprehensive business review by...
NEW YORK - Two Sigma Investments, a prominent hedge fund, is set to reduce its workforce by approximately 200 employees, a move that comes after a comprehensive business review by...
Palo Alto Networks reported strong first-quarter results, but initial market reactions to its conservative guidance may not fully capture the company's positive...
ANKARA - The Central Bank of the Republic of Turkey announced its decision to maintain the one-week repo auction rate at 50 percent, adhering to its current monetary policy stance....
Mercedes-Benz (OTC:MBGAF) is taking steps to reduce costs by billions of euros annually in response to ongoing difficulties in the global automotive market, the...
By Ezgi Erkoyun and Huseyin Hayatsever ISTANBUL (Reuters) -Turkey's central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to...
PRETORIA - The South African Reserve Bank (SARB) has announced a reduction in the repurchase rate by 25 basis points to 7.75%, effective from November 22, 2024, as conveyed in a...
SAN JOSE - PayPal Holdings Inc (NASDAQ:PYPL). has resolved a system issue that impacted multiple products within its production environment. The company experienced a significant...
By Erwin Seba HOUSTON (Reuters) - Exxon Mobil Corp (NYSE:XOM), which is facing a California lawsuit over its alleged role in global plastic waste pollution, will expand plastics...
US existing home sales increased 3.4% year-over-year in October, reaching 3.96 million units. HousingWire Lead Analyst Logan Mohtashami provides insights into the current housing market dynamics on Wealth! "Let's be realistic, last year at this time, mortgage rates ran up to 8%, [and] sales fell even more, so we have a very low bar right now to show year-over-year growth," Mohtashami explains. However, he adds "the positive story for housing in 2024 [is] inventory was able to grow, we have more choices for everybody. And if mortgage rates just get down to 6%, we can grow sales." Looking ahead to 2025, Mohtashami emphasizes that housing market expansion hinges on lower interest rates. Although, he notes that rates don't need to return to the historically low 3 to 5% range to stimulate sales activity. Freddie Mac reported mortgage reports to have climbed for their eighth consecutive week. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
VATICAN CITY - In a decisive move to address the looming financial challenges of the Vatican's Pension Fund, Pope Francis has appointed Cardinal Kevin Farrell as the Sole...