Category: News
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Thermo Fisher lifts profit forecast as biotech demand shows signs of improvement By Reuters
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(Reuters) – Thermo Fisher Scientific Inc (NYSE: ) on Wednesday raised its annual earnings forecast and reported better-than-expected second-quarter profit, citing improved demand for its instruments and services used in clinical trials. Contract drugmakers saw spending cutbacks from their biotech clients in 2023 amid rising interest rates. The public funding…
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Big Tech earnings wont be make or break for the stock market: Morning Brief
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This is what I took away from today’s morning briefing, which you can subscription To be delivered to your inbox every morning with: Tesla (TSLA) and Alphabet (GOOGL) kicked off Tuesday’s big tech earnings season with mixed results. Both were down in after-hours trading. But for all the concern about…
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UK’s flash composite PMI reading at 52.7 in July
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Joseph Clark The seasonally adjusted global PMI for the UK rose from 52.3 in June to 52.7 in July, slightly higher than 52.6. The services PMI came in at 52.4, up from 52.1 in June, its highest level in two months. flash The manufacturing PMI came in at 51.8, up…
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Jaguar Land Rover is the world’s best electric racing team. Here’s how that will shape its EVs
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Jaguar TCS claimed its first Formula E team title on Sunday at London’s unique ExCel Centre indoor/outdoor track, marking the culmination of more than eight years of work since the carmaker first bet on electric racing. The win was bittersweet for the Coventry-based luxury carmaker, with New Zealanders Nick Cassidy…
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Expats in Kenya wire out record Sh87 billion
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Expatriates living and working in Kenya sent a record Sh86.99 billion back to their home countries in the year ending December 2023, data has shown, underscoring the improving wealth of foreigners in the country. The amount – equivalent to Sh7.25 billion monthly – represents a 24.3 percent increase from the…
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Huw Edwards Becomes Third-Highest BBC Earner Despite Suspension
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Hugh Edwards emerged as the BBC’s highest-paid journalist last year, earning £480,000 despite being suspended for nine months. The annual report reveals that Edwards received a £40,000 pay rise, making him the corporation’s third-highest-paid journalist. Edwards was suspended in July 2023 over allegations he paid a young man for explicit…
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Huw Edwards Becomes Third-Highest BBC Earner Despite Suspension
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Hugh Edwards emerged as the BBC’s highest-paid journalist last year, earning £480,000 despite being suspended for nine months. The annual report reveals that Edwards received a £40,000 pay rise, making him the corporation’s third-highest-paid journalist. Edwards was suspended in July 2023 over allegations he paid a young man for explicit…
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China’s Burgeoning Chicken Feet Market at Risk From Brazil Ban
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Breadcrumbs Path Links PMN Business Chicken feet are a common food on dim sum menus and a popular street snack, but the high prices of chicken feet threaten to put them out of reach for many Chinese consumers. Article author: Published on July 24, 2024 • Read for 3 minutes…
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El Al to reduce diamonds benefits for frequent flyers
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El Al Israel Airlines Ltd. (level:The world) The Matmed frequent flyer club has informed members that as of April 2025 there will be changes to the way they collect “diamonds,” which can be exchanged for improved status. Market sources believe this is an attempt by the Israeli airline to undo…
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ForexLive Asia-Pacific FX news wrap: USD and JPY gained ground (USD/JPY lower)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Trump to meet Netanyahu in Florida on Friday By Reuters
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By Jasper Ward and Matt Spitalnick WASHINGTON (Reuters) – U.S. Republican presidential candidate Donald Trump said on Tuesday he will host Israeli Prime Minister Benjamin Netanyahu on Friday at his resort in Palm Beach, Florida, in a sign the two men are looking to improve relations. “I look forward to…
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The stock market is approaching 2 catalysts that will spark the next leg of the bull run, market vet says
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Ed Yardeni, President and Chief Investment Strategist, Yardeni Research, April 30, 2015Adam Jeffrey/CNBC/NBCU/Getty Images Ed Yardeni said the record stock market rally will get a boost from key economic data and earnings results. Second-quarter GDP and June personal consumption expenditure data on Thursday and Friday could bolster the soft landing…
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Freeport McMoran eyes $7.5B expansion of El Abra copper mine in Chile (NYSE:FCX)
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SimoneN/iStock via Getty Images Freeport McMoRanNYSE: FXX) Plan for Spent about $7.5 billion to expand the copper mine in Abra A project in Chile is expected to take seven to eight years to develop due to permitting requirements, Sonnet Chief Executive Kathleen Quirk said Tuesday, according to Reuters. In profits…
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Elon Musk: Trump presidency could harm Tesla competitors
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Tesla CEO Elon Musk is a political supporter of former President Donald Trump, but what a potential Trump administration might mean for the electric car maker that pays Musk billions of dollars is unclear — even to Musk himself. during Call with financial analysts On Tuesday, Wells Fargo CEO Colin…
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Kenya Railways dangles lounge, meals in SGR premium rates
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Kenya Railways (KR) is set to introduce premium class seats on its Standard Gauge (SGR) passenger trains in the next two weeks, charging customers up to three times the fare it currently charges for first class carriages on the Madaraka Express between Nairobi and Mombasa. The services, which will be…
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Zoë Scorer, MD, Conscious Communications
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Conscious Communications is a dynamic PR agency known for creating impactful communications strategies that build strong brands, increase awareness, protect reputations and enhance customer engagement. With extensive industry knowledge and strategic media communications, the agency puts clients at the forefront of their markets, crafting compelling narratives that resonate and influence…
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Zoë Scorer, MD, Conscious Communications
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Conscious Communications is a dynamic PR agency known for creating impactful communications strategies that build strong brands, increase awareness, protect reputations and enhance customer engagement. With extensive industry knowledge and strategic media communications, the agency puts clients at the forefront of their markets, crafting compelling narratives that resonate and influence…
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Tesla misses profit estimates, extending weak start to 2024
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Article Content Tesla Inc. missed Wall Street’s second-quarter earnings expectations, continuing a rocky start to the year marked by slowing sales and mass layoffs across the company. It was the fourth straight year that the electric carmaker missed its forecast, reporting adjusted earnings of 52 cents a share on Tuesday,…
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Attention Globes readers – Globes
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Update on the Globes cyberattack 23.7.24: 20.00: In recent days, Globes has been dealing with a cyberattack, the consequences of which we are still learning. We already know that this was an economic terrorist attack carried out by a sophisticated international criminal gang. Globes is currently working with professional and…
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As investors eye US presidential race, JPMorgan exec says focus should be on policies By Reuters
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Written by Divya Chaudhary and Mahnaz Yasmin U.S. stock markets will remain volatile ahead of November’s presidential election, but the candidates’ policies should take priority over responding to “inflammatory” rhetoric from their political parties, JPMorgan’s chief investment officer said Tuesday. “There’s a Republican trade and there’s a Democrat trade,” Richard…