Month: May 2024
Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
Check out the companies making headlines in premarket trading. Dell Technologies — Stock in the personal computer and technology company slid more than 16% after executives warned about further margin pressure ahead. The company posted a first-quarter earnings beat on the top and bottom line but forecast that its gross margin will pull back roughly […]
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Pfizer’s drug for advanced lung cancer shows promising long-term trial results
CHICAGO — Pfizer on Friday said its drug for an advanced form of lung cancer showed promising long-term results in a late-stage trial, which may help establish it as the new standard treatment for the condition. The company’s medicine helped patients live longer without seeing their cancer progress, and most people experienced that benefit for […]
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EU approves Italian aid for $5.4 billion STMicro chip plant
STMicroelectronics has committed 5 billion euros ($5.4 billion) of investment in what it calls the world’s first fully integrated Silicon Carbide (SiC) plant in Italy. The project is backed by 2 billion euros from the Italian state, and is the result of the EU’s Chips Act which aims to provide support for Europe’s chip industry. […]
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Japan confirms first currency intervention since 2022 with $62 billion in spending
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start circulate from July 3, 2024. Sopa Images | Lightrocket | Getty Images Data from Japan’s Ministry of Finance Friday confirmed the country’s first currency intervention since 2022, after […]
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Euro zone inflation rises to 2.6% in May perhaps, but bloc still observed heading for interest charge slice
General perspective of the centre of Corfu with a small restaurant in Outdated City in Corfu, Greece, in May 2024. Sopa Images | Lightrocket | Getty Illustrations or photos Inflation in the euro zone rose to 2.6% in May well, data agency Eurostat stated Friday, but a increased-than-envisioned print did not sway current market bets […]
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EU’s 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says
Floating Storage Regasification Unit (FSRU) ship “Hoegh Esperanza” is guided by tug boats during its arrival at the port of Wilhelmshaven, Germany, December 15, 2022. Fabian Bimmer | AFP | Getty Images The European Union’s upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by […]
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Austin expresses ‘concern’ more than China’s activities in South China Sea
US Secretary of Protection Lloyd Austin (L) leaves a conference at the Shangri-La Resort in Singapore on May perhaps 31, 2024, as component of his attendance at the 21st Shangri-La Dialogue summit. The US and Chinese defence chiefs will keep rare immediate talks in Singapore on May perhaps 31, offering hopes for much more army […]
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South Africa’s election portal resumes showing partial results after brief glitch
Voters during the South Africa general elections on May 29, 2024 in Johannesburg, South Africa. Gallo Images | Gallo Images | Getty Images Live updates of partial results from South Africa’s parliamentary election reappeared on the electoral commission’s website, following a glitch of at least two hours. The prints are closely watched amid early indications […]
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Stock futures inch lower as investors review earnings, brace for inflation report: Live updates
Traders work on the floor of the New York Stock exchange during morning trading on May 17, 2024. Michael M. Santiago | Getty Images U.S. stock futures ticked lower Friday as investors reviewed a flurry of corporate earnings ahead of a key inflation report. Wall Street was also headed for a losing week after what […]
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Britain cuts stake in NatWest by way of £1.24 billion share sale
A NatWest Team Plc financial institution department in the City of London, United kingdom, on Thursday, Feb. 15, 2024. Bloomberg | Getty Images The British federal government has bought 1.24 billion kilos ($1.58 billion) worthy of of shares in NatWest Team back to the loan company, it mentioned on Friday, decreasing its stake to about […]
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