Business

Mitsubishi Chemical sells its pharmaceutical arm to Bain Capital in a deal valued at $3.36 billion, bolstering inbound M&A activity in Japan.

Published on: February 07, 2025, 08:01 AM UTC

Legal & General sells US protection business to Meiji Yasuda for $2.3 billion in one of CEO António Simões' biggest strategic moves.

Published on: February 07, 2025, 08:00 AM UTC

Henkel sells its retailer brands business in North America to an affiliate of First Quality Enterprises

Published on: February 07, 2025, 08:00 AM UTC

Google joins Meta in reversing diversity hiring goals after legal scrutiny intensifies, with Apple, Microsoft, and some banks continuing their DEI efforts.

Published on: February 07, 2025, 07:02 AM UTC

US stocks were mixed on Thursday as investors assessed earnings and awaited Amazon's results. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 rose 0.3% and the Nasdaq Composite popped 0.5%. Investors are watching earnings for company warnings, and tech results are being scrutinized for signals about AI demand. Treasury Secretary Bessent relieved pressure on the Fed, saying Trump wants to bring down 10-year Treasury yields to ease borrowing costs rather than push for lower interest rates. Jobless claims jumped to 219,000 last week, slightly above estimates. Amazon's revenue forecast disappointed, sending shares down. Nvidia shares rose 3% as stocks rallied. AI mentions are at an all-time high on earnings calls. Ford fell 7% after muted guidance. Apple supplier Skyworks stock plummeted as the iPhone maker turns to a competitor. A tariff threat on lumber poses risks to builders' margins. Americans looking for work haven't had it this hard in almost 3 years. The Dow drops 150 points, weighed by Salesforce and Honeywell. Arm and Qualcomm stocks fall as investors wait for AI to drive demand for their chips. The labor market could be the only hope for another Fed rate cut. Roblox tumbles 13% as key metrics disappoint Wall Street. Tesla stock extends losses, down more than 2%. Peloton stock soared 23% as quarterly sales came in better than expected. Qualcomm shares were down 5% on Thursday after the chipmaker's quarterly earnings came in better than expected, but guidance for its licensing business disappointed Wall Street. Honeywell shares fell 4% on Thursday after the conglomerate ended months of speculation by announcing it would split into three listed companies. Stocks opened higher as earnings poured in. Eli Lilly reports mixed earnings, increases 2025 guidance. Europe stocks rise, FTSE 100 surges after BOE rate cut. Oil prices return from losses with Saudi price increase.

Published on: February 07, 2025, 07:02 AM UTC

Saab expects organic sales growth of 12-16% in 2025, and around 18% CAGR for 2023-2027, amid rising global tensions and increased demand for defense equipment.

Published on: February 07, 2025, 07:00 AM UTC

Surge in Italian Prosecco Imports to US Amidst Possible Tariffs; Importers Stockpile Ahead of Market Impact

Published on: February 07, 2025, 06:00 AM UTC

Volkswagen-backed Scout Motors is betting big on the electric SUV market with a unique experience that allows customers to buy vehicles directly through an app. However, South Carolina's laws currently require all new autos to be purchased through dealerships. Scout is advocating for changes to the law to enable direct sales and enhance customer convenience.

Published on: February 07, 2025, 06:00 AM UTC

Amazon's earnings and President Trump's economic policy overhaul are driving mixed US stock market results. Tech stocks are performing well, but investors are watching earnings for signs of company concerns. AI demand is being closely monitored in tech and chip companies. Treasury Secretary Bessent has eased pressure on the Fed, with jobless claims rising slightly. Amazon's quarterly report is eagerly awaited, while Ford shares have fallen after muted guidance. Apple supplier Skyworks has seen a stock drop amid competition. Tariff threats on lumber pose risks to builders' margins. The labor market is presenting challenges for workers, impacting unemployment rates.

Published on: February 07, 2025, 05:02 AM UTC

3 Consumer Stocks to Avoid: Disney (DIS), Warner Bros. Discovery (WBD), and fuboTV (FUBO). Know why these companies are struggling, and consider alternative investments with higher potential. Click here to learn more.

Published on: February 07, 2025, 05:01 AM UTC