Nasdaq considers stricter delisting rules for penny stocks

(Reuters) – Nasdaq is proposing amendments to its rules pertaining to penny stocks to put a faster, more stringent delisting process in place for non-compliant companies, according to a filing posted on the exchange operator’s website on Thursday.Nasdaq...

US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signals

By Ann Saphir(Reuters) – The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September and a downshift in the job market bolstered...

Wall St bounces back after global stocks rout

By Shubham Batra and Shashwat Chauhan(Reuters) – Wall Street’s main stock indexes rose over 1% on Tuesday, as investors looked for bargains after a global stock selloff and dovish comments from Federal Reserve officials lifted market sentiment. All of...

Aramco profit dips 3%, keeps $31.1 billion dividend unchanged

By Yousef Saba and Sarah El SaftyDUBAI (Reuters) -Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its generous dividend policy unchanged, with $31.1 billion in payouts for the...