Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.
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U.S. economy grew at a 2.8% pace in the third quarter, less than expected
World
AstraZeneca says its China operations president under investigation
The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. Nurphoto | Getty Images AstraZeneca‘s China president is under investigation and is cooperating with Chinese authorities, the company said on Wednesday, sending shares down as much as 5.3%. It was not immediately clear whether the executive Leon Wang […]
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World
European markets fall over 1% as investors await UK budget; Campari shares slide 15%
Novo Nordisk shares fall to nine-month low Novo Nordisk shares on Wednesday fell to levels last seen in January of 2024 according to LSEG data, pulling back after competitor Eli Lilly posted weaker-than-expected quarterly results. Eli Lilly missed expectations for profit and revenue in the third quarter and cut its adjusted profit guidance for the […]
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World
Euro zone economy grows 0.4% in third quarter, above expectations
People walk down the iconic Alcalá street on a very hot afternoon in Madrid, Spain. Miguel Pereira | Getty Images News | Getty Images The euro zone economy grew 0.4% in the third quarter, flash figures published by the European Union’s statistics agency showed Wednesday. Economists polled by Reuters had expected growth of 0.2%. following […]
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