Reckitt’s baby formula sales to suffer after tornado damages Indiana warehouse
Sales of Reckitt’s Mead Johnson baby formula powder are likely to take a short-term hit after a tornado damaged a third-party warehouse in the United States.
Novo Nordisk and Eli Lilly shares slide on new obesity drug trial from Roche
Novo Nordisk and Eli Lilly shares slid Wednesday on promising early-stage trial data from Roche’s latest obesity drug candidate.
Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments
Global chip stocks fell sharply with ASML, Nvidia and TSMC hit amid reports of tighter export restrictions from the U.S. and comments from Donald Trump.
British pound breaches $1.30 for the first time in a year as Labour seen ushering in stability
Sterling has been supported the perceptions of political stability in the U.K., according to analysts.
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.
Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall
Donald Trump said he thinks Taiwan should pay the U.S. for defense claiming the country “doesn’t give us anything.”
Adidas shares rise after hiking 2024 guidance
Shares in Adidas nudged higher on Wednesday after the company announced it would hike its full year 2024 earnings guidance.
UK inflation holds steady at Bank of England’s 2% target, above expectations
The Office for National Statistics released inflation figures for June on Wednesday.
CNBC Daily Open: Dow jumps 700 points, gold hits record, HSBC new CEO
The Dow Jones Industrial Average rose more than 700 points to close at another record high as the bull run appeared to broaden.
ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools
ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm’s semiconductor making equipment.
