(Reuters) – Shares of Fractyl Health fell 8.3% on their market debut on Friday, giving the obesity and diabetes drug developer a market capitalization of $654.6 million. After a two-year lull, initial public offerings in the U.S. are expected to rebound in 2024 on firming bets of a soft landing for the world’s largest economy. …
Fractyl Health valued at $654.6 million in tepid debut Read More »
NEW YORK (Reuters) – The U.S. fourth-quarter earnings estimate is improving sharply, with about 80% of reports so far beating analysts’ expectations including ones this week from Meta Platforms and Amazon.com, according to LSEG data on Friday. Overall S&P 500 earnings now are expected to have increased 7.8% in the fourth quarter from the year-ago …
Fourth-quarter US earnings estimate improving quickly Read More »
VILNIUS (Reuters) – A Lithuanian court has issued an arrest warrant for a former fund partner suspected of misappropriating 27 million euros ($29.4 million), the European Public Prosecutor’s Office said on Friday. The independent public prosecution office of the European Union that deals with cases affecting the bloc’s financial interests said Sarunas Stepukonis, the former …
Arrest warrant issued for Baltic fund manager suspected of misappropriating $29 million Read More »
By Tim Hepher, Rajesh Kumar Singh, David Shepardson and Valerie Insinna (Reuters) -Boeing is reeling from a week of turmoil that has snagged production and development timelines and tested confidence in CEO Dave Calhoun almost a month after the mid-air blowout of a dummy door on a 737 MAX 9, industry insiders said. From Seattle …
How a rollercoaster week left Boeing’s credibility on the line Read More »
By Diana Novak Jones (Reuters) – The maker of the ultra-popular Stanley cups was sued on Thursday in California state court by four women who say the company misled consumers by failing to disclose that the product contains lead, a toxic substance. The lawsuit, which seeks class action status, alleges that Stanley brand owner Pacific …
Stanley cups maker sued over lead in tumblers, class action proposed Read More »
By Shristi Achar A and Shubham Batra (Reuters) -European shares were little changed on Friday as gains from upbeat corporate earnings offset hotter-than-expected U.S. jobs data that quashed hopes of an imminent rate cut by the U.S. Federal Reserve. The pan-European STOXX 600 was flat on the day, hovering near two-year highs hit earlier in …
European shares stuck below 2-yr highs as US data dashes rate optimism Read More »
By Sruthi Shankar and Khushi Singh (Reuters) -Britain’s FTSE 100 slipped on Friday, as stronger-than-expected U.S. jobs data pushed up the dollar and yields, sparking a sell-off in commodity stocks. Most airline stocks rose, however, after Wizz Air reported a jump in January traffic. The blue-chip FTSE 100 ended 0.1% lower, while the mid-cap FTSE …
UK stocks log weekly losses, stronger dollar weighs on commodity shares Read More »
BERLIN (Reuters) – The downward trend in German engineering companies’ orders eased in December, as foreign customers helped offset weak domestic results amid ongoing uncertainty in Europe’s largest economy, the VDMA association said on Friday. December orders fell by 6% year on year, following a sharp 13% fall in November, said the VDMA. Orders from …
Decline in German engineering orders eases in December – VDMA Read More »
LONDON (Reuters) -The British public’s expectations for inflation increased in January, potentially because of worries about disruption to shipping in the Red Sea, a survey published by U.S. bank Citi showed on Friday. Public expectations for inflation in the next five to 10 years rose to 3.6% in January from 3.4% in December, their highest …
UK public’s long-run inflation expectations rise to 9-month high: Citi/YouGov Read More »
DUBLIN (Reuters) – Ryanair flights were emptier in January than the same month a year ago after a number of online travel agents (OTAs) stopped selling its flights in early December, though the budget giant still managed to grow its traffic by 3% year-on-year. Ryanair had for years accused the websites of adding illegitimate extra …
Ryanair load factor dips to 89% after some travel agents halt sales Read More »
