Finance

March 11 (Reuters) – Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of […]

March 8 (Reuters) – Global equity funds attracted a net $6.5 billion in the seven days through March 6, driven by weak U.S. manufacturing data and Federal Reserve policymakers’ remarks which fuelled expectations of interest rate cuts later this year. […]

March 7 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell. The […]

March 6 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab said on Wednesday it has raised more than $1 billion in equity. Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities and other investors, including members of the […]

PARIS, March 5 (Reuters) – JPMorgan Chase & Co (JPM.N), opens new tab said on Tuesday it had joined France’s leading payments network Cartes Bancaires (CB), becoming the first U.S. bank to do so as it seeks to offer cheaper card payment […]

NEW YORK, March 5 (Reuters) – New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory lending operation that charged “sky-high” interest rates on fraudulent loans. […]

LONDON, March 5 (Reuters) – British digital bank has raised 340 million pounds ($431.26 million) at a 4 billion pound ($5.07 billion) valuation, the company said in a statement on Tuesday. The round was led by CapitalG, a fund owned […]

NEW YORK, March 5 (Reuters) – A stronger-than-expected U.S. economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize. The dollar index (.DXY), opens new […]

At the annual National People’s Congress (NPC), Premier Li Qiang unveiled China’s ambitious goal to achieve around 5% GDP growth in 2024, echoing last year’s target despite the country grappling with significant economic hurdles. The announcement came as part of […]

The recent lawsuit filed by co-founders of Donald Trump’s media company against the former president and other company leaders is stirring waves in the business and political realms. This legal battle accuses Trump and his associates of scheming to deny […]