Investors dumped cash and bought stocks in the week to Wednesday, according to BofA Global Research, as hopes of interest rate cuts drove equity and bond prices higher.
Exxon Mobil’s income tax payments to the U.S. government have dropped to 3% over the past five years – several times below the company’s 20-year average – on massive deductions passed under former President Donald Trump.
OpenAI CEO Sam Altman has doubled down on his vision for cryptocurrency project Worldcoin, following reports the company was seeking $50 million in funding.
A U.S. auto safety regulator said on Friday it will open an investigation into about 454,840 Nissan vehicles over reports alleging engine failure that can lead to a loss of motive power with no ability to re-start.
Investors pulled back sharply from global bond funds in the seven days through Dec. 13, amid caution ahead of the U.S. Federal Reserve’s monetary policy decision and uncertainty over the timing of rate cuts.
Futures tracking U.S. stock indexes gained on Friday as investors remained upbeat in a week marked by economic data signaling a soft landing for the economy and the Federal Reserve’s hints of lower interest rates next year.
Employment at foreign multinational companies in Ireland fell by 0.3% in the year to end-October in the first annual decline since 2009 as tech layoffs offset jobs growth in every other sector, the state investment agency said on Friday.
A merger of Walt Disney’s India business and Reliance’s media unit Viacom18 would create an entertainment powerhouse in the world’s most populous nation but is likely to face an intense antitrust review.
