Novartis now expects its core operating profit to grow in the mid to high teens, after second-quarter results outpaced analysts’ expectations, boosted by revenue from its blockbuster treatments.
Taiwan Semiconductor Manufacturing Co.’s second-quarter net profit jumped on surging demand for advanced chips amid the global artificial-intelligence boom.
Publicis now expects organic net revenue growth of 5%-6% for the year, after second quarter sales beat analysts’ expectations, fueled by gains in market share.
Publicis raised its full-year guidance after it reported organic revenue growth for the second quarter that beat analysts’ expectations, fueled by gains in market share.
Nokia cut its full-year sales outlook but said it was tracking toward the mid-point or slightly below the mid-point of its operating profit guidance, warning that telecom operators continued to hold back on investing in new network equipment.
Republican vice presidential nominee JD Vance made his debut as Donald Trump’s 2024 running mate and likely heir-apparent as leader of the party.
Vance accused Democrats of abandoning small town America in his acceptance speech, arguing that President Biden has supported policies that damaged his community.
Shares of Nvidia, Meta Platforms and other high-flying tech shares plunged, pulling the Nasdaq down 2.8%, for its worst day in more than a year. The S&P 500 fell 1.4% and the Dow industrials rose 0.6%.
Two top Federal Reserve officials suggested that an interest-rate cut could be warranted in the coming months if a recent inflation slowdown continues.
HSBC named Georges Elhedery as chief executive officer, turning to an insider to navigate the lender’s delicate position between China and the West.
EssilorLuxottica agreed to buy streetwear brand Supreme from VF for $1.5 billion, looking beyond eyewear to reach new customers.
Roche said a new weight-loss pill under development achieved positive results in an early-stage clinical trial, bolstering the company’s efforts to enter the obesity market.
ASML posted orders above analysts’ expectations as chip makers rush to get their hands on key production equipment to meet booming demand for artificial intelligence.
Deere & Co. said it would dial back some of its diversity initiatives after it was targeted by a conservative activist, becoming the second agricultural company in recent weeks to bow to such criticism.
JD Vance took the stage at the Republican National Convention to deliver a heavy dose of populism and promotion of Donald Trump as he made his debut as the vice-presidential nominee and likely heir-apparent as leader of the party.
The Democratic coalition backing Biden showed new signs of cracking as top congressional leaders successfully pushed to delay a procedural vote on the president’s nomination and California Rep. Adam Schiff called for Biden to bow out of the race.
Wildfires are erupting again in western Canada during a suffocating heat wave in the province of Alberta, forcing evacuations and causing one of Canada’s largest oil companies to curb production.
Cyanide poisoning was identified as the cause of death of six people in a hotel in Bangkok and authorities were investigating the event as an apparent murder-suicide.
Police were suspicious of Trump’s attacker more than an hour before he shot and wounded the former president, according to private law-enforcement briefings provided to House and Senate lawmakers.
Some in the Republican Party wanted to move on after his 2020 loss. The former president wouldn’t let that happen.
The IRS is making unusually generous settlement offers to participants in the land-rights tax-break deals the agency has been attacking for years.
JPY strengthened against other G-10 and Asian currencies in early trade on possible unwinding of carry trades, which is a strategy involving the borrowing of a low-yielding currency like JPY to buy a high-yielding currency such as USD.
Oil rose in early Asian trade. Inventory decline, geopolitical tensions in the Middle East, solid seasonal demand and late-summer Fed rate-cut expectations have been catalysts for higher crude prices, TD Securities said,
Leaders with epic hobbies seem to squeeze more hours out of the day than the rest of us.
