Puma launches cost cutting program as preliminary result show profit decline
Investing.com — Puma SE (ETR:PUMG) launched a cost-cutting programme as it issued a preliminary result with decline in operational profit. Net income of the German sportswear company dropped to €282 million from €305 million in 2023, due to higher net interest
BoE could slow QT to hold off bond vigilantes
By Mike Peacock , (Reuters) – Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider politically toxic tax rises or public spending cuts to placate investors concerned about the country’s fiscal health. But
Trump push to use tariffs to pay for tax cuts faces opposition in Congress
By Jarrett Renshaw, David Morgan and David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an
US Treasury sells 20-Year Treasuries at lower-than-expected yield
Investing.com — The U.S. government sold 20-year Treasuries on Wednesday at a lower-than-expected yield as stronger domestic buying eased the hit from softer demand. The notes were awarded at 4.900%, 1.1 basis point below the expected yield, or when-issue
New York obtains $1.065 billion judgment against accused predatory lender
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James said on Wednesday her office obtained a $1.065 billion judgment against Yellowstone Capital, a cash advance provider accused of predatory lending, as part of a settlement that gives