Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
Novo Nordisk on Wednesday announced its second quarter earnings for 2024.
Beyonce, PlayStation games help Sony post a 10% jump in profits
Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback
SoftBank announced it would buy back up to 6.8% of shares available amounting to up to 500 billion yen ($3.4 billion).
Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50 basis point cut, adding that the Fed needs to “back off” its restrictive monetary policy.
An airline now allows women to avoid sitting next to men. Here’s how travelers are reacting
Indian airline IndiGo is trialing a booking feature that allows women to see the genders of passengers when they book their seats, the company said.
India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee, four bankers told Reuters.
Disney beats estimates as combined streaming services turn a profit
Disney beat estimates as its combined streaming businesses — Disney+, Hulu and ESPN+ — turned a profit for the first time.
China’s exports miss expectations in July, while imports pick up with growth of 7.2%
China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday.
Bank of Japan won’t raise rates when markets unstable, deputy governor says
Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable.
What are the economics of war?
More countries are boosting their defense industries, calling for a shift to “war economy mode.” But what exactly is a war economy?
