World
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console. Michael Ciaglo | Bloomberg | Getty Images A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft‘s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San […]
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CrowdStrike announces 5% job cuts, says AI is ‘reshaping every industry’
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 8, 2017. Patrick T. Fallon | Bloomberg | Getty Images Cybersecurity software maker CrowdStrike said Wednesday it plans to lay off 500 employees, representing about 5% of its workforce, a move CEO […]
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Cardinals begin conclave to elect new pope in majesty of Sistine Chapel
Cardinal Fridolin Ambongo Besungu attends the Holy Mass, celebrated for the election of the new pope, presided over by the Dean of the College of Cardinals, Cardinal Giovanni Battista Re, in St. Peter’s Basilica, at the Vatican, May 7, 2025. Murad Sezer | Reuters Catholic cardinals who will choose the next pope were locked behind the heavy […]
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Fed meeting live updates: Fed flags rising inflation risk, traders await insight from Powell presser
Federal Reserve holds steady on rates once more, as expected Central bank policymakers kept a steady hand on interest rates, maintaining them at the target range of 4.25% to 4.5%. This time, the Federal Open Market Committee noted that it is “attentive the risks to both sides of its dual mandate and judges that the […]
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Pandora warns U.S. tariffs will spark sweeping jewelry price increases
A charm bracelet on display in a Pandora store in Copenhagen, Denmark. Bloomberg | Getty Images Danish jewelry brand Pandora has warned of significant price increases across the affordable jewelry industry if U.S. President Donald Trump’s proposed tariff hikes come into play following the White House’s 90-day pause on the levies announced in April. CEO […]
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European markets edge lower as corporate earnings remain in focus; Novo Nordisk jumps 4%
German factory orders jumped more than expected in March ERGOLDING, GERMANY – OCTOBER 25: An employee during the final check while Bavarian Minister of State Florian Herrmann attends the opening of the new electric car motor housing production line at the BMW Landshut factory on October 25, 2024 in Ergolding, Germany. Analysts are predicting a […]
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Trump tariffs and export curbs on China cast a cloud over major chip stocks
Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images Uncertainty — that was the theme during earnings season for the world’s biggest semiconductor firms which are unclear on demand for their products as a result of changing U.S. tariff policy and export restrictions that have been […]
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Why Indian markets are undeterred by strikes against Pakistan
Pakistani soldiers take security measures around the city as the people panic during blackout after India launches strikes on Pakistan, in Muzaffarabad, Pakistan on May 7, 2025. Anadolu | Anadolu | Getty Images Investors are sticking with the India story, with optimism on its growth prospects dwarfing geopolitical fears. Indian markets shrugged off the latest […]
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Investors fled to Europe and Japan after Trump’s tariffs jolted U.S. markets, Bank of America says
U.S. President Donald Trump delivers remarks at the White House in Washington, D.C., on April 2, 2025. Brendan Smialowski | Afp | Getty Images Stocks on Wall Street and beyond have been rocked by volatility in recent weeks, as U.S. President Donald Trump rolled out some tariffs, paused others, and ramped up duties on Chinese […]
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Novo Nordisk cuts 2025 guidance as drug copycats hit Wegovy sales, posts first-quarter profit beat
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy are pictures while the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty Images Novo Nordisk on Wednesday reported a better-than-expected rise in […]
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