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(Bloomberg) -- Nigerian equities have overtaken South Korea’s to hand investors the highest dollar-based returns this year, as souring sentiment on artificial-intelligence stocks pushes the Asian nation’s world-beating rally into bear territory. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran
PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns. The food and beverage giant said Thursday that its net revenue rose 6.4% to $24.2 billion for the April-June period. In February, ahead of the Super Bowl, PepsiCo slashed U.S. prices on Lay’s, Doritos, Cheetos and Tostitos chips by up to 15%, responding to consumers’ increasing exasperation after years of price hikes.
(Bloomberg) -- Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Se
Cypher was founded by Kuberan Marimuthu and has received backing from Y Combinator and Coinbase Ventures.
NEW YORK/MONTREAL, July 9 (Reuters) - Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements. The Cleveland-based attorney attributed the rush to a handful of major "liquidity events" in the tech industry.
(Bloomberg) -- Jack Lifton first retired from the mining industry more than a quarter century ago. These days, at 86, he’s busier than ever.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaThe engineer-turne
U. S. stock index futures traded modestly higher on Thursday despite another round of military strikes between the United States and Iran, while investors prepared for quarterly results from PepsiCo (NASDAQ:PEP) and continued to monitor developments in global energy markets.
India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5% and 5% levies, in a move that could help companies like Apple and Xiaomi. Here are more details: • Items include key parts for producing wireless charging modules for mobile phones, displays for medical devices and automobiles, and lithium-ion cells. The exemption will be valid until March 31, 2029.
(Bloomberg) -- American Bitcoin Corp. was built around a simple idea: that owning and mining Bitcoin would be enough to mint money.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military Launches Strikes on Iran for Second Straight DayGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaInstead, the company co-fou
By Rishika Sadam July 9 (Reuters) - Danish drugmaker Novo Nordisk launched its weekly basal insulin injection, Awiqli, in India on Thursday, aiming to compete with daily-dose options on the market.
The taboo against owning cigarette stocks hasn’t gone away, but new gray areas are emerging. Investors who bought BAT shares two years ago have roughly doubled their money, a better run than the Magnificent Seven. All tobacco stocks have done well over the period, including Marlboro’s U.S. maker, Altria Group which is up more than 50%.
Tesla’s (TSLA) fresh bull case lands at a strange moment for the stock. Investors were anxiously waiting for a demand reset after concerns of some major EV competition, sluggish margins, and lackluster growth. However, in a surprise turn of events, Tesla then beat Q2 delivery estimates by a ...
(Bloomberg) -- Commitments for AI spending should sustain the investment theme around the technology for two to three years, even as tech giants gradually turn cash-flow negative and start raising debt to fund their buildouts, according to BlackRock Inc.’s Helen Jewell. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military
Investors will be watching on Friday for the expected start of trading for SK Hynix’s U.S.-listed shares. The South Korean chip maker is the latest global company to surpass $1 trillion in market value.
IDEX Corporation enters Q2 earnings with strong momentum, as Wall Street watches for another solid performance.
Investing.com - U.S. Treasury yields held near multi-week highs while eurozone yields held near their highest levels in a month on Thursday, following a dramatic escalation of geopolitical tensions in the Middle East.
July 9 (Reuters) - Shares of Dr Reddy's Laboratories fell as much as 6.5% on Thursday, after the Indian drugmaker said it is delaying commercial supplies of semaglutide due to an issue related to the
Q2 earnings season begins with major banks reporting July 14 as S&P 500 profit forecasts stay strong and Finance sector growth remains in focus.
By Alexander Marrow LONDON, July 9 (Reuters) - Kleenex owner Arbex is counting on Brazilian pulp giant Suzano's industrial expertise to help it grow its global market share by around 10 percentage
By Alexander Marrow LONDON, July 9 (Reuters) - Kleenex owner Arbex is counting on Brazilian pulp giant Suzano's industrial expertise to help it grow its global market share by around 10 percentage
Baseball legend Tommy Lasorda, the former Los Angeles Dodgers manager who won two World Series, didn’t have much time for the idea of “pressure” in professional sports. Stock markets are different matter, however. The looming second-quarter earnings season—set against the pullback in big tech stocks, the resurgence of global geopolitical risks, and the specter of renewed inflation—has investors on edge.
Can anything slow the memory giant down?
The Bank of New York Mellon said in a post on its website published Wednesday that the S&P 500’s performance is defined by resilience rather than continuous gains.
Eli Lilly (LLY) keeps setting records, and Wall Street’s rating of its stock keeps increasing as well. On Tuesday, one of JPMorgan’s most closely watched healthcare stock analysts, Chris Schott, who frequently covers Pfizer Inc. (PFE), Eli Lilly, and Teva Pharmaceutical Industries Ltd. ...
(Bloomberg) -- A recovery in Middle Eastern oil supplies could be set back if renewed tensions disrupt shipping in the Strait of Hormuz, Goldman Sachs Group Inc. said.Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaUS Military Launches Strikes on Iran for Second Str
Luxshare Precision Industry saw a tepid debut as investors turned cautious amid heightened market volatility.
Global airline Delta Air Lines (NYSE:DAL) will be reporting earnings this Friday before market hours. Here’s what investors should know.
Reuters said late Wednesday, citing sources familiar with the matter, that U.S. states are concerned the acquisition will hurt competition and are considering suing to block the deal as soon as next week.
Demand for SK Hynix's $28 billion U.S. share sale was more than seven times available shares, a person familiar with the matter said, underscoring huge investor appetite for one of the most important companies in the AI supply chain. The offering from the South Korean chipmaker, which will finance new factories and equipment to meet surging AI chip demand, is set to be the world's second-biggest share sale after SpaceX's record-breaking $85.7 billion IPO last month. SK Hynix declined to comment.