Tag: business news
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Manhattan’s luxury rental market is booming, with units reaching $100,000 a month
New York City brokers said they’ve seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
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Deere has been on fire in 2026. Baird sees even more returns ahead
Analyst Mircea Dobre upgraded the tractor builder to outperform from neutral.
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Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
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India’s largest private lender HDFC Bank sees shares rise after CEO announces surprise exit
Shares of HDFC Bank were up even as the company’s chief executive officer made a surprise announcement to not seek reappointment.
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Goldman expects one yen trade to continue thriving even as another fades
While effects of intervention on the Japanese yen appears to be fading, the relative value carry strategies should continue to thrive, Goldman says.
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BYD shares slide as fierce China competition dents first-half earnings
BYD shares slid after the automaker released its latest results on Friday, despite higher second-quarter profit and overseas growth.
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Jackson Hole analyst roundup: Warsh’s speech sends hike chances higher, may put Fed `at odds’ with Treasury
Fed Chair Kevin Warsh’s hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
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Meta- and Google-backed Indian telecom operator Jio Platforms gets regulatory nod for IPO
India’s largest digital and telecom operator, Jio Platforms, got a regulatory nod for an IPO, but the National Stock Exchange, another mega issue, is still awaiting regulatory clearance.
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China’s factory activity shrinks for second straight month, contracting less than expected
China’s manufacturing activity shrank for a second straight month, keeping pressure on Beijing to support the economy as growth loses momentum.
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U.S. plans to sanction another bank in effort to clamp down on Iran transactions: Bessent
Bessent’s campaign means to push countries that still do business with Iran to sever their financial ties or face retaliation from the U.S.
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