by Reuters | Jul 18, 2023 | Business, Economy, Europe
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings forecast for the second time on strong drug sales and mapped out the planned separation and stock market debut of its generic medicines division Sandoz for early October. The Swiss...
by Reuters | Jul 17, 2023 | Business, Economy, Top News, US
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended higher to kick off the trading week on Monday, buoyed by gains in financial and technology shares as investors awaited the next round of quarterly results this week as earnings season gathers speed....
by Editor, IWD | Jul 17, 2023 | Business, Economy
Bill Ackman, the mastermind behind Pershing Square, has made an audacious forecast for the 2024 Republican primary race, foreseeing victory for Vivek Ramaswamy, who is currently lagging in the GOP polls. Ramaswamy, a highly successful entrepreneur, has a deep...
by Reuters | Jul 17, 2023 | Asia, Economy
By Aniruddha Ghosh and Roshan Abraham (Reuters) -J.P.Morgan, Morgan Stanley and Citigroup trimmed China’s growth forecast for 2023 after the country’s economy grew at a weaker pace in the second quarter, with its post-COVID momentum unravelling rapidly....
by Reuters | Jul 16, 2023 | Asia, Business, Economy, Europe, Politics, Technology, Top News
By Aditya Kalra NEW DELHI (Reuters) -China’s Xiaomi will focus on boosting its India sales from retail outlets after years of big bets on e-commerce, its India president said, as the company seeks to revive smartphone sales after falling behind South...
by Editor, IWD | Jul 16, 2023 | Business, Economy
Ex-Goldman Sachs Group Inc (NYSE:GS) hedge fund hotshot, Raoul Pal, is sounding the alarm bells. According to him, a financial storm is brewing, and he thinks that the Federal Reserve might soon be forced to roll out bailout packages to keep the situation under...
