By Bhanvi Satija and Ludwig Burger (Reuters) – About a dozen drugmakers are developing new weight-loss treatments aimed at preserving muscle, and industry analysts, clinical trial experts and doctors say they may also need to demonstrate additional health benefits beyond the numbers on a scale to get approved. The drugs are being tested to complement …
Next generation weight loss drugs aim to save muscle Read More »
By Siddharth Cavale NEW YORK (Reuters) – Penny-pinching Walmart shoppers focus much more on getting the lowest prices than on whether products are made in the U.S., Canada, China or elsewhere, Walmart executives have said. When Walmart discloses results on Thursday, the chain of more than 4,600 U.S. stores is likely to show that it …
Walmart faces some tariff challenges as Wall Street awaits record-breaking sales Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Even though Wall Street stocks lag world markets this year, the S&P500 still managed to wring out another record high on Tuesday – with a mix of new tariff threats, housing updates and Federal Reserve minutes to digest later today. A …
Morning Bid: Lagging US still flirting with new highs Read More »
By Sriparna Roy and Puyaan Singh (Reuters) – Medtronic on Tuesday missed Wall Street estimates for third-quarter revenue due to lower purchases of its surgical devices by distributors and said the problems would persist in the current quarter, sending shares down more than 7%. Some distributors brought down their inventory levels below normal towards the …
Medtronic expects pressure in surgical unit for fourth quarter, shares fall Read More »
By Scott Murdoch and Selena Li SYDNEY/HONG KONG (Reuters) – HSBC’s headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and initiated sweeping restructuring of the Asia-focused lender, showed its 2024 financial report issued on Wednesday. The bank’s bonus cash pool reached $3.80 billion …
HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3% Read More »
By Rajasik Mukherjee and Kumar Tanishk (Reuters) – Australia’s discretionary retailers are expected to report improved half-yearly earnings, investors said, as easing inflation and tax cuts encouraged weary consumers to start spending again. The Australian retail sub-index, which includes Kmart and Bunnings hardware chain owner Wesfarmers, electronics retailer Harvey Norman and Mexican fast food chain …
Guzman, Wesfarmers to deliver upbeat earnings for Australian discretionary retailers Read More »
By Andrea Shalal and Nandita Bose PALM BEACH, Florida (Reuters) – U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade. On Friday, Trump said levies on …
Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate by 50 basis points to 3.75% on Wednesday and flagged further reductions in borrowing costs amid moderating inflation as policymakers sought to revive a struggling economy. The Reserve Bank of New Zealand Governor Adrian Orr said the board is forecasting a …
NZ central bank cuts rates 50bps, flags steeper easing cycle to revive frail economy Read More »
By Sabrina Valle and Shivani Tanna (Reuters) -U.S. machinery rental firm Herc Holdings is poised to acquire smaller rival H&E Equipment Services for $3.83 billion excluding debt, after outbidding leader United Rentals, according to company statements on Tuesday. The cash and stock deal would combine the world’s third and the fifth-largest firms that rent machinery …
Herc’s surprise bid for H&E makes rival United Rentals walk away Read More »
By Andrea Shalal, Pete Schroeder, Jack Queen and Karen Freifeld WASHINGTON (Reuters) -President Donald Trump’s administration targeted on Tuesday bank regulators, rocket scientists and tax enforcers for dismissal, as a federal judge gave the green light for its unprecedented remaking of the U.S. civil service, at least for now. With Trump’s blessing and praise, tech …
Trump, Musk target tax enforcers, rocket scientists, bank regulators for job cuts Read More »
