(Bloomberg) — Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off a potential credit rating downgrade to junk. Most Read from Bloomberg The company offered to sell 90 million common shares and about $5 billion of […]

Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images LONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise, was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. Käärmann, who co-founded Wise in

(Reuters) – U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase before the Nov. 5 presidential election. Dow E-minis were up 203 points, or 0.48%, U.S. S&P 500 E-minis were up 35 points, or 0.60% and

By Michael Erman NEW YORK (Reuters) – Pfizer’s quarterly financial report on Tuesday comes at a critical moment for the U.S. drugmaker and its CEO, as activist hedge fund Starboard Value ramps up the pressure to demonstrate concrete results of a promised turnaround. Investors and analysts said they want to see improved profitability following the

Key Takeaways Amazon reports earnings after the market closes Thursday, with analysts expecting profits to fall from the prior quarter but rise from a year ago. Investors will likely be watching the tech giant’s margins amid concerns consumer weakness, growing labor costs, and higher spending on artificial intelligence could squeeze profits. Analysts have suggested Amazon’s

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia’s capital Riyadh to attend the Future Investment Initiative (FII) forum. Fayez Nureldine | Afp | Getty Images Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom’s Future Investment Initiative,

Super Micro Computer (NASDAQ: SMCI) and Palantir Technologies (NYSE: PLTR) both have delivered significant gains to investors this year. Supermicro soared 188% in the first half, even surpassing the performance of market darling Nvidia. It’s since pulled back but still is heading for a 60% increase this year and a 2,100% climb over the past

The S&P 500 (SNPINDEX: ^GSPC) is on track for a banner year in 2024. The broad-market index had its best start since 1997 through the first nine months of the year. However, according to Wall Street, none of that was supposed to happen. At the beginning of the year, the Wall Street consensus called for

UK Finance Minister Rachel Reeves makes a speech during the Labour Party Conference that is held at the ACC Liverpool Convention Center in Liverpool, UK on September 23, 2024.  Anadolu | Getty Images LONDON — U.K. Finance Minister Rachel Reeves will deliver the government’s hotly awaited debut budget on Wednesday, putting to bed weeks of

By Suzanne McGee (Reuters) – Exchange-traded funds focused on artificial intelligence are proliferating as asset managers offer investors new ways to tap in to the market enthusiasm for AI, even while it remains unclear which companies will emerge as the long-term winners from the latest technology revolution. More than one-third of the two dozen ETFs