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U. S. stock index futures traded modestly higher on Thursday despite another round of military strikes between the United States and Iran, while investors prepared for quarterly results from PepsiCo (NASDAQ:PEP) and continued to monitor developments in global energy markets.
India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5% and 5% levies, in a move that could help companies like Apple and Xiaomi. Here are more details: • Items include key parts for producing wireless charging modules for mobile phones, displays for medical devices and automobiles, and lithium-ion cells. The exemption will be valid until March 31, 2029.
(Bloomberg) -- American Bitcoin Corp. was built around a simple idea: that owning and mining Bitcoin would be enough to mint money.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaInstead, the company co-fou
By Rishika Sadam July 9 (Reuters) - Danish drugmaker Novo Nordisk launched its weekly basal insulin injection, Awiqli, in India on Thursday, aiming to compete with daily-dose options on the market.
The taboo against owning cigarette stocks hasn’t gone away, but new gray areas are emerging. Investors who bought BAT shares two years ago have roughly doubled their money, a better run than the Magnificent Seven. All tobacco stocks have done well over the period, including Marlboro’s U.S. maker, Altria Group which is up more than 50%.
Tesla’s (TSLA) fresh bull case lands at a strange moment for the stock. Investors were anxiously waiting for a demand reset after concerns of some major EV competition, sluggish margins, and lackluster growth. However, in a surprise turn of events, Tesla then beat Q2 delivery estimates by a ...
(Bloomberg) -- Commitments for AI spending should sustain the investment theme around the technology for two to three years, even as tech giants gradually turn cash-flow negative and start raising debt to fund their buildouts, according to BlackRock Inc.’s Helen Jewell. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military
Investors will be watching on Friday for the expected start of trading for SK Hynix’s U.S.-listed shares. The South Korean chip maker is the latest global company to surpass $1 trillion in market value.
IDEX Corporation enters Q2 earnings with strong momentum, as Wall Street watches for another solid performance.
Investing.com - U.S. Treasury yields held near multi-week highs while eurozone yields held near their highest levels in a month on Thursday, following a dramatic escalation of geopolitical tensions in the Middle East.
July 9 (Reuters) - Shares of Dr Reddy's Laboratories fell as much as 6.5% on Thursday, after the Indian drugmaker said it is delaying commercial supplies of semaglutide due to an issue related to the
Q2 earnings season begins with major banks reporting July 14 as S&P 500 profit forecasts stay strong and Finance sector growth remains in focus.
By Alexander Marrow LONDON, July 9 (Reuters) - Kleenex owner Arbex is counting on Brazilian pulp giant Suzano's industrial expertise to help it grow its global market share by around 10 percentage
By Alexander Marrow LONDON, July 9 (Reuters) - Kleenex owner Arbex is counting on Brazilian pulp giant Suzano's industrial expertise to help it grow its global market share by around 10 percentage
Baseball legend Tommy Lasorda, the former Los Angeles Dodgers manager who won two World Series, didn’t have much time for the idea of “pressure” in professional sports. Stock markets are different matter, however. The looming second-quarter earnings season—set against the pullback in big tech stocks, the resurgence of global geopolitical risks, and the specter of renewed inflation—has investors on edge.
Can anything slow the memory giant down?
The Bank of New York Mellon said in a post on its website published Wednesday that the S&P 500’s performance is defined by resilience rather than continuous gains.
Eli Lilly (LLY) keeps setting records, and Wall Street’s rating of its stock keeps increasing as well. On Tuesday, one of JPMorgan’s most closely watched healthcare stock analysts, Chris Schott, who frequently covers Pfizer Inc. (PFE), Eli Lilly, and Teva Pharmaceutical Industries Ltd. ...
(Bloomberg) -- A recovery in Middle Eastern oil supplies could be set back if renewed tensions disrupt shipping in the Strait of Hormuz, Goldman Sachs Group Inc. said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaUS Military Launches Strikes on Iran for Second Str
Luxshare Precision Industry saw a tepid debut as investors turned cautious amid heightened market volatility.
Global airline Delta Air Lines (NYSE:DAL) will be reporting earnings this Friday before market hours. Here’s what investors should know.
Reuters said late Wednesday, citing sources familiar with the matter, that U.S. states are concerned the acquisition will hurt competition and are considering suing to block the deal as soon as next week.
Demand for SK Hynix's $28 billion U.S. share sale was more than seven times available shares, a person familiar with the matter said, underscoring huge investor appetite for one of the most important companies in the AI supply chain. The offering from the South Korean chipmaker, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking $85.7 billion IPO last month. SK Hynix declined to comment.
U.S. stock futures edged higher in the overnight session on Wednesday as markets assessed risks from the U.S.-Iran war and the Federal Reserve’s inflation concerns.
Mike Novogratz, CEO of Galaxy Digital Inc., pledged on Monday that the company will match the federal government’s initial $1,000 funding to the “Trump Accounts” program for eligible children of employees. Novogratz Hails ‘Trump Accounts’ Initiative Novogratz, who was present...
Tesla (TSLA) has spent years turning the Model Y into the benchmark for electric SUVs. That supremacy has been a big advantage for Tesla. It has scale, brand awareness, manufacturing knowledge, and a car that helped define the electric vehicle category for the mainstream market. But Rivian ...
Netflix used to be the easy app. One password covered a whole family, and the hardest decision most nights was what to watch. That version of the service began disappearing in 2023, when Netflix started charging extra for accounts shared outside a single household. The password crackdown was never ...
China's top memory chipmaker Changxin Memory Technologies (CXMT) said on Thursday it will start book-building on July 15 for its Shanghai initial public offering as it seeks to raise 29.5 billion yuan ($4.34 billion). CXMT, long seen as a technological laggard compared with global leaders Samsung Electronics and SK Hynix, will take investor subscriptions on July 16 for its IPO, according to a stock exchange filing. CXMT's mega IPO comes amid rising volatility in global memory chip shares.
When Paramount Chief Executive David Ellison unveiled his company’s $81 billion deal for Warner Bros. Discovery he touted a new golden era for Hollywood—one built on scale, technology and a promise to release at least 30 theatrical movies a year. The combined company is set to emerge with nearly $80 billion in debt—a burden that could weigh on decisions ranging from content spending and streaming investments to news operations and sports rights. Its net debt is projected to equal roughly 6.5 times annual earnings before interest, taxes, depreciation and amortization after the deal closes as soon as this month, a level that analysts consider high for a media company.
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