‘Unloved, undervalued’ UK stocks back in focus on Rishi Sunak stability hopes
As Rishi Sunak becomes the U.K.’s third prime minister in as many months, some analysts are re-assessing their outlook for British stocks.
It just got a lot cheaper to buy a top dividend ETF
The iShares U.S. Dividend and Buyback ETF is getting a new name and a lower price for investors.
Microsoft drops 6% after revealing weak guidance on its earnings call
Microsoft’s cloud revenue was lower than expected, and growth should slow further in the next quarter. Now executives will moderate operating expense growth.
Adidas terminates Ye partnership, Gap removes Yeezy items over rapper’s antisemitic remarks
Adidas giant had faced pressure from the public and its own employees to cut ties with Ye over a series of offensive comments.
White House warns of ‘severe consequences’ if Putin uses nuclear weapons in Ukraine; Russian court upholds Griner’s 9-year term
A “dirty bomb” would contaminate a large area with radioactivity, making it harmful or uninhabitable for residents there, without using a nuclear explosion.
‘Our country is facing a profound economic crisis’: Rishi Sunak pledges to fix mistakes as he becomes UK PM
The U.K.’s third prime minister of the year faces a packed in-tray including a looming recession and the European energy crisis.
Meta-owned messaging service WhatsApp back online after global outage
WhatsApp, the messaging app owned by Facebook parent Meta, suffered a global outage on Tuesday.
Flying taxis, robotic avatars and holograms — Saudi Arabia pushes ahead with its sci-fi city vision
With a mammoth budget of $500 billion, Neom is a key element of Saudi’s Vision 2030 plan originally launched back in 2016.
China is an ‘attractive market’ with ‘inexpensive’ stocks after big drops, fund manager says giving 3 picks
Fund manager Brian Arcese expects valuations to bounce back over the next 12 months as he believes the “regulatory overhang” facing Chinese stocks is “abating”.
HSBC appoints Georges Elhedery as CFO, potential CEO-in-waiting
The change came as HSBC reported profits slid 42% in the third quarter, hit by rising loan losses as well as charges from the sale of its French business.
