Month: July 2024
Russia considers legalizing crypto for global payments as it faces ongoing sanctions
Key Points The lower house of the Russian Parliament will consider a law that permits making international payments via cryptocurrencies, Russia’s central bank governor Elvira Nabiullina said Tuesday. Russia’s central bank is also itself looking to move money across borders using crypto before the end of 2024, Nabiullina said. The U.S. and its allies have […]
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At the year’s biggest air show, Boeing and Airbus orders were muted. Supply chain worries were not
An Airbus A321 flies at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. Toby Melville | Reuters FARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year’s biggest air show. The focus instead was on struggles at Boeing and Airbus to ramp up airplane production while battling […]
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Avolta CEO: Strong travel consumer trend to continue for the summer
Xavier Rossinyol, the CEO of Avolta, says high-end sales are weaker in comparison to last year. Source
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Bella Hadid ‘shocked’ at ‘lack of sensitivity’ in Adidas ad campaign linked to 1972 Munich Olympics
Bella Hadid attends the “L’Amour Ouf” (Beating Hearts) Red Carpet at the 77th annual Cannes Film Festival at Palais des Festivals on May 23, 2024 in Cannes, France. Victor Boyko | Getty Images Entertainment | Getty Images Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said […]
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Procter & Gamble earnings beat estimates, but quarterly sales disappoint
Procter & Gamble on Tuesday reported mixed quarterly results, but the company’s volume increased for the first time in more than two years. Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years, P&G’s price hikes across its portfolio, from diapers to detergent, fueled its sales […]
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StanChart unveils $1.5 billion share buyback, boosts income guidance
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered (StanChart) on Tuesday announced its largest-ever share buyback worth $1.5 billion and lifted its earnings outlook for this year, betting on strong economic growth in its core Asian markets and plans to rein in costs. The bank’s Hong Kong-listed […]
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Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and more
Check out the companies making headlines in premarket trading. CrowdStrike — Shares slipped 5% after CNBC reported that stated Delta Airlines has retained legal counsel to pursue damages from both CrowdStrike and Microsoft following after a software update led to mass flight interruptions in July. Woodward — The aerospace and industrial equipment company slipped more […]
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Google-parent Alphabet’s partnership with AI firm Anthropic under investigation in the UK
In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty Images Britain’s competition regulator on Tuesday said that it is investigating to see if Google parent Alphabet’s partnership with artificial intelligence startup Anthropic has resulted in reduced competition. […]
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Pfizer beats earnings estimates, hikes full-year outlook as drugmaker cuts costs
Kena Betancur | Corbis News | Getty Images Pfizer on Thursday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid antiviral pill Paxlovid and strong non-Covid product sales. The company now expects to book adjusted earnings of $2.45 to $2.65 […]
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Older GLP-1 drug from Novo Nordisk may slow Alzheimer’s disease progression by protecting the brain, study says
A box of the drug Victoza, made by Novo Nordisk Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters An older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of Alzheimer’s disease by protecting patients’ brains, according to data […]
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