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New wave of cuts but one broker warns that lowest rates could be under threat By ED MAGNUS Updated: 13:04 EST, 20 February 2025 <!-- <!-- --> <!-- --> <!--…

Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023.Jonathan Ernst | ReutersThe share price of Palantir fell as much as 12.5% Wednesday after news that CEO Alex Karp had adopted a new…

A Southwest Airlines Boeing 737 passenger plane taxis along the tarmac at the Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia on December 13, 2024.Daniel Slim | Afp | Getty ImagesSouthwest Airlines said Monday that…

Germany's second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets.The job cuts will be accompanied by…

DUBAI, United Arab Emirates — Hedge fund titan Ray Dalio issued a fresh warning about the U.S. economy, warning of dire consequences if the Trump administration does not cut the country's debt."It's like if I was a doctor and I was…

Drax has agreed to provide electricity for £113/MWh from 2027 to 2031The company's North Yorkshire site is the world's largest biomass plantBy HARRY WISE Updated: 09:40 EST, 10 February 2025 <!-- <!-- …

U.S. Secretary of the Treasury Scott Bessent speaks, at the White House, in Washington, U.S. February 3, 2025. Elizabeth Frantz | ReutersThe Trump administration is more focused on keeping Treasury yields low rather than on what the…

The Bank of England cut interest rates on 6 February from 4.75 per cent to 4.5 per cent.The decision came as little surprise to financial markets, with the 0.25 basis point cut widely predicted by analysts.Interestingly, while the…

The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve.Money markets on…

Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to…