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  • Business
    Reuters

    Futures tread water ahead of Fed meet

    S&P 500 e-minis were down 1.25 points, or 0.02% and Nasdaq 100 e-minis were down 4.5 points, or 0.02%. Wall Street closed higher on Monday, with the Nasdaq bouncing back from two small weekly losses, as growth stocks such as Alphabet and Tesla boosted the tech-heavy index. Most megacap growth stocks edged lower in premarket trading.

  • Business
    Reuters

    Bentley looks to launches after 'emotional sensitivity' slowed car sales

    British luxury carmaker Bentley on Tuesday reported a lower operating profit for 2023 after a weak economy and high interest rates hit sales, but the company said its performance had stabilised and new launches would boost it in 2024. "We had an uneven performance for the first time in about four years," CEO Adrian Hallmark told reporters. For those who leased rather than bought cars with a starting pre-tax price above 220,000 euros ($238,590), interest rates had led to a tripling in monthly fees last year, Hallmark said.

  • Business
    The Canadian Press

    China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman

    BANGKOK (AP) — Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company said in a release to mainland Chinese stock exchanges late Monday that its chairman, Hui Ka Yan, was fined 47 million yuan ($6.5 million) and banned from China’s markets for life. Hui, also known as Xu Jiayin, was detaine

  • Business
    Bloomberg

    Yen Drops on BOJ’s Dovish Tone, US Futures Decline: Markets Wrap

    (Bloomberg) -- The yen weakened after the Bank of Japan brought an end to the world’s last negative interest-rate policy and emphasized that financial conditions will remain easy.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamMusk Says His Ketamine Prescription Is in Investors’ Best InterestsNvidia Unveils Successor to Its All-Conquering AI ProcessorPutin Warns Russia Won’t Stop After Predi