Wall Street was upbeat last week despite facing a slew of downbeat economic data points. Jobs data came in softer, consumer sentiment was weaker, and inflation came in hotter. Still, hopes of a Fed rate cut this month may have boosted market performance.Meanwhile, corporate strength remained resilient, IPO markets remained strong, and the tech boom fueled by the AI euphoria remained in place. The heightened trade tensions, too, have receded to a large extent.Overall, the S&P 500 gained by 1.6%, the Dow Jone ...

ToplineChina's top competition regulator on Monday said a preliminary investigation found chipmaker Nvidia was violating the country’s antitrust laws, in an announcement that could further inflame tensions between the U.S. and China at a time when officials from both countries are meeting to discuss a potential trade deal in Madrid. Jensen Huang, CEO of Nvidia, speaks to journalists during a trip to China.dpa/picture alliance via Getty ImagesKey FactsIn a brief announcement, China’s State Administration for ...

aTyr Pharma said on Monday its experimental drug had failed to meet the main goal in a late-stage study testing it in patients with a type of lung disease known as pulmonary sarcoidosis, a disease imp... ...

Apple stock has bounced back from apparent disappointment at the iPhone 17 launch event last week. ...

London Stock Exchange: Credit: Carl Court / Getty Images. Key Takeaways London Stock Exchange Group (LSEG) has launched a new blockchain-based platform for private funds. The first fund to be issued via the new “Digital Markets Infrastructure” (DMI) platform is the private reinsurance fund, MCM Fund 1. LSEG said it plans to expand the DMI to other asset classes in the future. The London Stock Exchange Group (LSEG) on Monday, Sept. 15, launched a new distributed ledger technology (DLT)  platform f ...

As artificial intelligence (AI) continues its rapid integration into the U.S. economy, the labor market faces a major inflection point. While some businesses embrace AI to reduce costs and boost efficiency, others risk displacing long-standing human roles, causing uncertainty for workers and investors alike. While this may be a threat for some businesses, others have a fundamental moat around them that acts as the ultimate protection. Proprietary data concerns, regulatory barriers, and human oversight requi ...

Private equity company 3G Capital has finalised the acquisition of Skechers, taking the footwear company private. Skechers’ shares ceased trading on the New York Stock Exchange (NYSE) as of 12 September. The deal, valued at $9.42bn according to Reuters, was announced in May. 3G Capital agreed to pay $63.00 per share in cash for all outstanding shares of Skechers. The deal includes the option for Skechers’ shareholders to instead get $57.00 in cash and one “unlisted, non-transferable equity unit” in a n ...

Pay $24 now, get $13 in 30 years: This Treasury-bond investment has only one winner — and it's not you. ...

Burkina Faso has revoked the operating licence for the Taparko gold mine, citing legal disputes and unmet socio-economic obligations by its managing company, Taparko Mining. The government highlighted the company's potential inability to fulfil its objectives due to ongoing legal issues. By invoking Article 126 of the national Mining Code, the authorities aim to reallocate the mine's resources to support public revenue and address security challenges. The mine has been inactive since April 2022, after R ...

Benchmark Sensex dropped nearly 119 points while Nifty snapped its eight-day winning run in a volatile trade on Monday due to profit-taking in IT and auto shares ahead of the US Fed policy meeting.Photograph: Francis Mascarenhas/ReutersEnding its five-day rally, the 30-share BSE Sensex declined by 118.96 points or 0.15 per cent to settle at 81,785.74.During the day, it hit a high of 81,998.51 and a low of 81,744.70.The 50-share NSE Nifty settled lower by 44.80 points or 0.18 per cent to 25,069.20, halting i ...