Tag: Finance News
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Stock Market Today: Dow, S&P Live Updates for January 29
Overview: What to Expect in Today’s Trading Today’s stock market activity centers on how major indices like the Dow Jones Industrial Average and the S&P 500 are moving in response to corporate earnings, macro data releases, and global financial sentiment. Investors are weighing the latest earnings reports, inflation signals, and central bank tone as they…
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What Happened Tuesday: Mortgage Rate Shifts and Market News
Overview: What happened on Tuesday Tuesday brought notable shifts in the mortgage market as lenders adjusted fixed-rate offerings and investors digested mixed economic signals. For homeowners, homebuyers, and those considering refinancing, the day’s rate moves could influence decisions in the weeks ahead. Here’s a concise recap of the key developments and what they mean for…
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Capital One’s Brex Buy: A Unicorn’s Discount and the Post-IPO Reality Check
Capital One’s Brex Acquisition: A Reality Check for Fintech Valuations The fintech news cycle has a habit of turning on a dime, and this week’s surprise deal between Capital One and Brex is no exception. When the Wall Street Journal reported that Capital One would acquire Brex for approximately $5.15 billion in cash and stock,…
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PSX Ends Bearish Session with 2,025-Point Drop, KSE 100 Closes at 182,384
Pakistan Stock Exchange Takes a Hit as KSE 100 Dips The Pakistan Stock Exchange (PSX) closed in the red on Monday, with the benchmark KSE 100 index tumbling 2,025.52 points, a decline of 1.10 percent, to finish at 182,384.15. Investors woke up to a softer trading session after Monday’s rally or steady gains, as selling…
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Jared Kushner’s Affinity Partners Exits Warner Bros. Discovery Bid
Afffinity Partners Pulls Back from a High-Profile Media Bid In a move that underscores the shifting tides in media finance, Affinity Partners, the private equity firm led by Jared Kushner, has withdrawn from the bidding process to acquire Warner Bros. Discovery (WBD). The decision, confirmed by a spokesperson for Affinity Partners, marks a notable setback…
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Dollar To Naira Black Market Rate Today: November 25, 2025 Update
Overview: Dollar To Naira Black Market Rate Today The Nigerian naira faced a slight slip against the U.S. dollar in the parallel or black market on Tuesday, November 25, 2025. Traders cited rising festive-season demand for foreign currencies as a key driver behind the modest depreciation of the naira against the dollar. While the official…
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What Happened Wednesday: Mortgage Rates Dip After FMT Cuts Minimum Lending Rates
Overview Here’s what you need to know before you clock out today: Mortgage rates moved lower on Wednesday after FMT announced a cut to its minimum mortgage lending rates. The move could affect monthly payments for new borrowers and those looking to refinance. If you’re in the market for a home or evaluating your current…
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BNM holds policy rate as Malaysia’s economy remains resilient
BNM signals a steady hand in a resilient economy Bank Negara Malaysia (BNM) appears set to leave the policy rate unchanged, a move that underscores the central bank’s assessment of a domestic economy that has withstood global shocks better than many peers. With inflation broadly tamed, growth stabilizing, and the ringgit strengthening, BNM has room…
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WiseTech offices raided by AFP and ASIC in share trading probe
Overview: Authorities raid WiseTech offices amid trading allegations The Australian Federal Police (AFP) and the Australian Securities and Investments Commission (ASIC) have conducted a raid on a WiseTech Global office in Sydney. The action, executed under a search warrant, focused on documents related to alleged trading in WiseTech shares by co-founder Richard White and three…
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ASX Hits Record High Again as Unemployment Rises and Rate Cut Bets Return
ASX Reaches New Record High on Jobs Data and Rate-Cut Bets The Australian share market surged to another record high as September unemployment data highlighted a softer jobs market, reviving expectations for further cuts to the cash rate. Traders pushed risk assets higher on the prospect that the Reserve Bank of Australia (RBA) could ease…