Financial Services

What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed
May 24, 2024

What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed

A battle is under way for the future of Ohio’s $94 billion teacher pension fund


May 22, 2024

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks


May 22, 2024

American fund Oaktree takes over Serie A champion Inter Milan after previous owners miss debt repayment deadline.

American fund Oaktree takes over Serie A champion Inter Milan after previous owners miss debt repayment deadline.


Stock market today: Asian shares are mixed as China stocks get bump from new property measures
May 17, 2024

Stock market today: Asian shares are mixed as China stocks get bump from new property measures

Asian shares are mixed after Chinese stocks reversed earlier losses following the announcement of fresh measures to revive the ailing property market


Stock market today: Wall Street hangs near its records as it closes another winning week
May 17, 2024

Stock market today: Wall Street hangs near its records as it closes another winning week

U.S. stocks are drifting near their records as Wall Street heads for the finish of another winning week


May 13, 2024

Argentina will get next installment of bailout as IMF praises Milei's austerity policies

The International Monetary Fund, Argentina’s biggest creditor, has agreed to release the next tranche of loans due under a bailout program


Hedge fund operators go on trial after multibillion-dollar Archegos collapse
May 13, 2024

Hedge fund operators go on trial after multibillion-dollar Archegos collapse

A federal fraud trial has begun for the owner and chief financial officer of a hedge fund that collapsed


Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021
May 13, 2024

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight


Japan's SoftBank Group trims investment losses but remains in red for fiscal year
May 13, 2024

Japan's SoftBank Group trims investment losses but remains in red for fiscal year

Japanese technology company SoftBank Group says it trimmed its losses for the fiscal year through March to about a quarter of the red ink it racked up a year earlier, as investment losses declined




The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.