Why shareholders are suing Novo Nordisk over next-generation weight-loss drug
Investors claim Novo Nordisk misled the market about CagriSema’s tolerability, after disappointing clinical trial results wiped billions off its market cap.
30-year Treasury yield hits highest level since 2007 after Fed keeps rates unchanged
The rate-setting Federal Open Market Committee left rates unchanged at the range of 3.5% to 3.75%.
BMW to cut several thousand jobs in latest blow to German auto sector
BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy program.
Fed likely to keep rates on hold, but Warsh to face some strong dissension. What to watch: Live coverage
Fed Chairman Kevin Warsh presides over his second meeting with dissent in the air.
Warren probes Pentagon program to hire highly paid private sector workers
Sen. Elizabeth Warren, D-Mass., said she is concerned about a Pentagon program to pay high salaries to Wall Street recruits.
‘PR problem’ is standing in the way of China’s humanoid robot boom, says Morgan Stanley
Its analysts have tempered optimism on the sector, writing that the robot industry faces several headwinds that could slow growth.
UBS CEO says the AI pullback is healthy — but there’s a bigger risk investors should watch
The Swiss banking gian reported pre-tax profits of $3.6 billion for the quarter, as CEO Sergio Ermotti warned of geopolitical volatility ahead.
Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout
Korean retail investors have racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year.
CNBC Daily Open: Banking beats, SK Hynix sinks and surprise attack rattles oil
Big banks in Europe beat expectations, but tech stays in the doldrums and oil prices surge after a surprise strike against U.S. forces.
BTS’ concerts have been so successful, it’s now bad for its own agency’s shares
Shares of Hybe tanked 16.09% on Tuesday, marking its worst day since June 2022. It then extended losses to tumble as much as 16.31% on Wednesday.
