In the latest pre-market trading session, Bath & Body Works has become a focal point as its shares climbed 16%. This robust increase can be attributed to the retailer’s impressive third-quarter earnings, which surpassed analysts’ expectations. The company reported earnings per share (EPS) of 49 cents, outshining the anticipated 47 cents, alongside a revenue of
Development
As the semiconductor industry grapples with supply chain challenges and noticeable market shifts, chipmaker Intel finds itself at a crossroads. With the Biden administration poised to finalize an $8 billion grant from the CHIPS Act, Intel’s future appears to hinge on government support amid a backdrop of extraordinary financial struggles. This article delves into the
As we approach the last trading week of November, the atmosphere in Asian financial markets is rife with uncertainty. Investors, particularly those focused on emerging markets (EM), are hoping for favorable developments after a series of turbulent weeks. Unfortunately, macroeconomic indicators and geopolitical tensions indicate the challenges are far from resolved. The divergence between the
The ongoing challenges in China’s real estate sector have prompted significant responses from both policymakers and investors alike. As the Chinese government introduces stimulus measures aimed at revitalizing the economy, especially in real estate, fund managers at Fidelity International are responding by increasing their investments in this beleaguered sector. This shift in strategy mirrors a
In the intricate realm of technology and commerce, antitrust regulations play a pivotal role in ensuring fair competition. Recently, the Competition Commission of India (CCI) has been examining Apple’s practices within the Indian market. This investigation is rooted in allegations that Apple has taken advantage of its leading position in the app store segment associated
The conclusion of the COP29 climate conference signifies a crucial step forward in establishing a global market for carbon credits. Proponents of this initiative argue that the new rules devised at the conference will unlock billions of dollars for innovative projects aimed at combating climate change. After a decade of negotiations and discussions, the agreement
Microsoft has recently introduced Recall, an innovative feature aimed at enhancing the workflow of users with Copilot+ PCs. Announced in May, Recall is designed to create a photographic memory of sorts for users running Windows 11, specifically on devices like the Surface Pro. At its core, Recall utilizes artificial intelligence (AI) to automatically take screenshots
Amazon’s recent investment of an additional $4 billion into the artificial intelligence startup Anthropic marks a significant milestone in the realm of AI development. Founded by former OpenAI executives, Anthropic has rapidly made a name for itself in the competitive landscape of artificial intelligence, particularly with its chatbot Claude. This latest influx of capital raises
The Federal Aviation Administration (FAA) is gearing up to assemble a review board in the near future, prompted by safety concerns surrounding the CFM LEAP-1B engines used in Boeing 737 MAX aircraft. This initiative is partly in response to two alarming bird strike incidents that occurred in 2023 involving Southwest Airlines fleets, where smoke unexpectedly
In the ever-evolving landscape of the pharmaceutical industry, Pfizer Inc. has recently made a significant change in its executive leadership aimed at revitalizing its research and development ambitions. The appointment of Chris Boshoff, a seasoned veteran with over a decade of experience within the company, as the new Chief of Research and Development has been
In a notable move within the pharmaceutical sector, Acurx Pharmaceuticals has made headlines by approving the acquisition of up to $1 million in bitcoin to bolster its treasury reserve assets. This decision comes amid a backdrop of increasing interest and acceptance of cryptocurrencies, especially bitcoin, which has transitioned from a speculative asset to a more
In a significant development for the media industry, Comcast has initiated the spinoff of its cable network channels, an endeavor that has multiple implications both for the company and the broader media landscape. Insightful sources revealed to CNBC that this separation process is projected to take approximately one year, with an official announcement expected imminently.
Qualcomm has revealed bold predictions about its growth trajectory, particularly in diversifying its product offerings beyond mobile devices. On an investor day recently held, the chip giant outlined a path that forecasts an additional revenue generation of a staggering $22 billion annually by the year 2029. This ambitious plan suggests that Qualcomm is not content
In the landscape of U.S. retail, the specter of tariffs looms large. As discussions surrounding imports and international trade protocols intensify—especially under the anticipated policy maneuvers of President-elect Donald Trump—large retail conglomerates like Walmart and Lowe’s are coming forth to express their reluctance about potential price hikes. With both companies recently posting stronger-than-expected earnings, their