Asia markets mixed ahead of U.S. inflation data
The U.S. consumer price index is expected to come in at 3.3% for July, slightly higher than the 3% for June
Wall Street says buy the dip on India’s Nifty 50 — and Morgan Stanley names its favorite stock
Bank of America said the change in outlook from its U.S. economics team was a key driver behind their India stock market prediction.
Annuities, stocks or Treasurys? Pros weigh in on the best source of retirement income right now
Treasury yields and stocks have more upside ahead and annuities are yielding more than ever, according to some on Wall Street.
‘This is going to get worse before it gets better’: Panama Canal pileup due to drought reaches 154 vessels
Ongoing drought conditions and Panama Canal restrictions due to lower water levels are causing massive shipping congestion at the key trade gateway.
Roblox shares drop 21% after company misses estimates on top and bottom line
Roblox reported its second-quarter results Wednesday.
Obesity drug Wegovy’s landmark trial result could ‘open up’ health insurance access, analyst says
Popular weight-loss drug Wegovy could be made available under more health insurance schemes after the results of a late-stage trial pointed to the drug’s efficacy in reducing cardiovascular events, analysts said Wednesday.
Italian bank stocks rebound as government waters down windfall tax
Italian bank shares rebounded on Wednesday after the government watered down a surprise windfall tax on excess profits announced earlier this week.
ABN Amro profit jumps on higher rates, may miss 2024 cost targets
The bank no longer expects to reach its 4.7 billion euro 2024 cost saving target due to rising inflation and anti-money laundering measures.
Sony raises forecast on PlayStation gaming growth but profit drops 31% in first quarter
Sony on Wednesday reported a 31% fall in profit in the June quarter — but raised full-year sales forecasts on the back of strength in its PlayStation business.
White House to detail plans restricting some U.S. investments in China: source
The plans are aimed at preventing U.S. capital and expertise from helping develop tech that could support China’s military modernization and threaten U.S. national security.
