Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investigators of two severed data cables in the Baltic Sea are looking at the movements of a Chinese bulk carrier, the second such probe in recent months amid rising jitters in Europe over potential acts … Read more
A financial report warning of impending bankruptcy was accidentally released by Oakland city officials last week before it was quickly swapped out for an official document with less drastic language. The local nonprofit newsroom The Oaklandside was first to report on the mistakenly published report and the differences between the two documents. The draft report, … Read more
A video of an Amity University student dancing in a revealing outfit has gone viral on social media, sparking a debate about censorship and freedom of expression. While some have criticized the video for being too suggestive, others have defended the student’s right to express herself creatively. A video of an Amity University student dancing … Read more
Nvidia (NVDA) stock rose more than 4% on Tuesday following bullish notes from Wall Street analysts citing strong chip demand ahead of its earnings report set for Wednesday afternoon. In a client note this week, Stifel analyst Ruben Roy raised his price target on Nvidia to $180 from $165, while Truist Securities’ William Stein raised … Read more
aristotoo/iStock via Getty Images American Water Works (NYSE:AWK) +0.9% in Tuesday’s trading as UBS upgrades shares to Buy from Neutral with a $155 price target, citing increased confidence that the company can deliver consistent 8% growth in earnings per share and dividends per share through
Check out what’s clicking on FoxBusiness.com. Blackstone announced Tuesday it will acquire sandwich chain Jersey Mike’s Subs. The asset management firm said the majority ownership stake will be purchased by its “most recent flagship private equity vehicle” and other funds it manages. Blackstone aims to complete the purchase early next year. Reuters reported that the … Read more
NEW YORK (Reuters) – Women’s soccer mogul Michele Kang will gift $30 million to U.S. Soccer, the sport’s national governing body said on Tuesday, the largest donation ever directed for the organisation’s girls and women’s programmes. The donation over the next five years will help grow competitive opportunities for girls and professional development for female … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The handshake with which Xi Jinping, China’s leader, greeted UK Prime Minister Sir Keir Starmer on Monday was anything but warm. Footage from the G20 summit in Rio de Janeiro showed a grim-faced Xi briefly … Read more
Bellwether semiconductor company Nvidia is due to present earnings after markets close on Wednesday, with all of Wall Street eager to learn whether the AI bull market still has legs. While founder Jensen Huang will feel the heat if he cannot deliver a bullish quarterly report, the pressure this time is not nearly as intense … Read more
Birla Opus Paints, a division of Grasim Industries Ltd, on Tuesday said it has opened its fourth plant in Chamarajnagar, Mysore. The state-of-the-art, fully automated, integrated paint plant was unveiled by Kumar Mangalam Birla, Chairman of the Aditya Birla Group. The plant has officially begun commercial production. This new facility will significantly boost the company’s manufacturing … Read more