Business
Europe: Chip stocks drag shares lower after ASML’s warning
EUROPEAN shares fell on Wednesday, with chip stocks hit hard after ASML flagged a hit to its revenue growth, while reports of US President…
Section
Business
Business
JPMorgan is now worth more than three largest rivals combined
The Trump administration’s embrace of the cryptocurrency industry has breathed air back into some upstarts organ Chase keeps putting more…
Business
US: Stocks end higher, shrugging off Powell firing fears
Wall Street stocks finished higher on Wednesday, shrugging off a mid-session swoon after US President Donald Trump denied plans to fire…
Business
Coats Group to Buy OrthoLite for $770 Million
Coats Group plc wants to expand its positioning as a supplier in components. The British multinational company inked a deal to acquire…
Business
Babies from three people's DNA prevents heriditary disease
Eight babies have been born in the UK using genetic material from three people to prevent devastating and often fatal conditions, doctors…
Business
EXCLUSIVE: Saks Global Names Brandy Richardson CFO
Saks Global has named Brandy Richardson as its next chief financial officer, a crucial role in light of the luxury retailer’s recent…
Business
Rigetti Computing stock price: Why shares took a quantum leap today
Shares in the quantum computing firm Rigetti Computing are experiencing what you might call quantum leap. The Berkeley, California,…
Business
Rachel Kushner’s Advice to Writers
The novelist Rachel Kushner recently taught a class at Stanford that concerned, as the course catalogue advertised it, “the sacred art of…
Business
Welcome to the Anxiety Economy, where safety sells and streaming is optional
Americans are seriously worried about their finances. Between high costs of living, tariffs, and job instability, driven, in part, by AI,…
Business
Goldman Sachs’s Q2 earnings exceed estimates, fueled by trading
Goldman Sachs’s second-quarter profit exceeded Wall Street expectations, as turbulent markets raised revenue in its equities division to a…
Business
Barneys’ Pressman Family to Auction Bulgari Jewelry, Furniture and Decorative Art
With Barneys New York, Fred and Phyllis Pressman created an emporium of designer finds for shoppers, and this fall Freeman’s | Hindman’s…
Business
Southwest Florida’s housing market is undergoing a material home price correction—here’s why
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Back in June 2022,…
Business
NRF Names Mark Mathews Chief Economist, Succeeding Jack Kleinhenz
Jack Kleinhenz, the National Retail Federation’s chief economist since 2010, is stepping down to serve in a new capacity as senior…
Business
UK offered to speed up resettlement case of Afghan who posted leaked data online
Joel Gunter and Hannah O'Grady BBC News The Ministry of Defence offered to expedite the review of a rejected resettlement application of…
Business
Before Labubu, these toys took over the world
Pop Mart has struck it rich. The Chinese company that caters to toy connoisseurs and influencers said this week that it expects its profit…
Business
Norwegian investment firm joins AI gold rush to the frozen north
Norwegian industrial investment firm Aker has announced plans to build an AI “factory” in the Arctic. It’s the latest company heading to…
Business
ESA spaceplane project revives bankrupt firm’s hypersonic engine
A bankrupt company’s propulsion system for hypersonic planes is being revived by Invictus, a new European Space Agency (ESA)-backed…
Business
mm2 Asia seeks to delay S$54 million bond repayment by six years
Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December. In a…
Business
From One Luca to Another: What Kering’s New CEO Should Do First
Luca de Meo won’t arrive as Kering’s new chief executive officer until mid-September, but luxury analysts are already drafting a to-do…
Business
These four charts show where AI companies could go next in the US
While the impact of AI on tech hubs like San Francisco and Boston is already being felt, AI proponents believe it will transform work…
Business
US: Wall St opens higher as inflation data, earnings take centre stage
Wall Street’s main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round…
Business
Faisal Islam: Inflation complicates next month's rate decision
While the economy started this year strongly, Wednesday saw another example of a surprise to the markets in the wrong direction. In May…
Business
HRnetGroup appoints 10 new business leader co-owners
HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total…
Business
Barclays fined £42m for poor money laundering checks
Barclays Bank has been fined £42m by the UK's financial watchdog for failures in its money laundering risk management. The Financial…