• Aug 23, 2024

Elektra Cut From S&P’s Mexico Index After Halt on Alleged Fraud

(Bloomberg) -- Grupo Elektra SAB, controlled by billionaire Ricardo Salinas Pliego, was removed from Mexico’s benchmark stock index after shares were halted for weeks, a suspension prompted by the company to interrupt an alleged multimillion-dollar fraud.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CitySydney Central Train Station Is Now an Architectural DestinationWith Housing Costs High, Democrats Hone YIMBY MessageWith Self-Driving Vans, Hambur

• Aug 23, 2024

Americans just got the biggest confirmation yet of an interest-rate cut next month — but the job market hangs in the balance

"The time has come for policy to adjust," Fed Chair Jerome Powell said at Jackson Hole, Wyoming, all but confirming an interest-rate cut in September.

• Aug 23, 2024

US stocks test record highs as Powell says 'the time has come for policy to adjust'

"We do not seek or welcome further cooling in labor market conditions," Fed chairman Jerome Powell said in his speech at Jackson Hole.

• Aug 23, 2024

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.33%

Investing.com – Mexico stocks were higher after the close on Friday, as gains in the Materials, Industrials and Telecoms Services sectors led shares higher.

• Aug 23, 2024

Colombia stocks lower at close of trade; COLCAP down 0.30%

Investing.com – Colombia stocks were lower after the close on Friday, as losses in the Financials, Investment and Public Services sectors led shares lower.

• Aug 23, 2024

Russia stocks lower at close of trade; MOEX Russia down 2.32%

Investing.com – Russia stocks were lower after the close on Friday, as losses in the Power, Mining and Telecoms sectors led shares lower.

• Aug 23, 2024

Trump will soon be free to tank his own stock

Trump owns about 59% of Trump Media, which is the parent company of his social media platform, Truth Social.

• Aug 23, 2024

Why Altcoins Surged Ahead by Double Digits This Week

Looming rate cuts and better-than-expected economic developments have fueled demand for riskier assets.

• Aug 23, 2024

Why Opera Stock Surged Again Today

The web browser developer's stock soared this week, and is now up 22% year to date.

• Aug 23, 2024

IMF's Gourinchas says right for US to cut rates though inflation risk not gone

The imminent rate cuts planned by the U.S. Federal Reserve are "in line" with International Monetary Fund advice that has put a premium on ensuring inflation was controlled but now sees risks shifting toward the labor market, IMF economic counsellor Pierre-Olivier Gourinchas said on Friday. "What was telegraphed by (Fed chair Jerome) Powell today is very much in line with what we've advocated," Gourinchas said on the sidelines of a Kansas City Fed economic conference. "Inflation has been improving and labor markets have shown signs of cooling ... If labor markets are not contributing to inflation pressures anymore ... then you might ease a little bit on cooling aggregate demand and bring (the policy rate of interest) back closer to neutral."