Novartis Raises Full-Year Guidance and Initiates Share Buyback
1 Mins read
Novartis, the Swiss pharmaceutical major, has announced an increase in its full-year guidance following a strong performance in the first half of…
Stocks Prove Resilient Against Central Bank Measures
2 Mins read
UBS’s chief investment officer for wealth management, Mark Haefele, has revised his outlook on stocks, realizing that they are faring better than…
Economic Recession Prediction Proven Wrong
1 Mins read
Not so long ago, there were widespread concerns among economists and well-informed individuals about a looming economic recession in the summer of…
XPeng Reports Widened Net Loss in Q2, Expects Revenue Recovery in Q3
1 Mins read
XPeng, the Chinese electric-vehicle manufacturer, experienced a larger net loss in the second quarter, primarily due to decreased sales. However, the company…
Novartis Stock Surges on Strong Q2 Sales and Increased Outlook
1 Mins read
Novartis, the Swiss pharmaceutical company, experienced a sharp increase in its stock price during early trading on Tuesday. This surge came after…
U.S. Stock Futures Show Modest Gain Amid Rising Bond Yields
2 Mins read
Investors are cautiously optimistic as U.S. stock futures edge higher early Thursday, following a recent decline fueled by rising bond yields. The…
Applied Materials Inc. Reports Strong Q3 Earnings Surpassing Expectations
1 Mins read
Applied Materials Inc. shares saw a rise in after-hours trading on Thursday as the maker of semiconductor-manufacturing equipment reported better-than-expected earnings for…
Sweden Raises Terrorist Threat Level
1 Mins read
Sweden’s security service has increased its terrorist threat level from elevated to high following recent incidents involving the burning of the Quran…
China's Central Bank to Bolster Economy Amidst Weakening Domestic Demand and Increased Risks
2 Mins read
China’s central bank, the People’s Bank of China (PBOC), has announced plans to provide additional support to the country’s economy in response…
BAE Systems to Acquire Ball Corp.'s Aerospace Business
1 Mins read
BAE Systems, the U.K. defense-and-aerospace group, announced on Thursday that it has reached an agreement to purchase Ball Corp.’s aerospace business for…
Asia-Pacific Stocks Experience Declines
1 Mins read
Most Asia-Pacific stocks saw a drop in value on Wednesday, Aug. 16. Hong Kong’s Hang Seng Index fell to 18,329.30, marking its…
President Biden's Inflation Reduction Act: A Year of Climate and Healthcare Initiatives
1 Mins read
President Joe Biden commemorated the first anniversary of his Inflation Reduction Act (IRA), a comprehensive package of climate and healthcare initiatives that…