World Stocks Fall on Chinese COVID Outbreaks
On Monday, world stocks and oil prices plunged as fresh COVID-19 restrictions in China deepened worries about the global economic outlook. The safe-haven dollar rallied,...
Author : Aniruddh Shrivastava
Tumbled FTX Owes Nearly $3.1 Billion to Top 50 Creditors
FTX, the Bahamas-based cryptocurrency exchange, has filed for US bankruptcy court protection. It said it owes its 50 biggest creditors nearly USD 3.1 billion. FTX...
Merck & Co to Acquire Imago BioSciences for $1.35 Billion
On Monday, Merck & Co Inc said it would acquire Imago BioSciences Inc, the cancer drug developer, for a total equity value of USD 1.35...
Elevated Interest Rates Help Virgin Money UK Post Annual Profit Surge
Virgin Money UK PLC (LON:VMUK) reported a rise in full-year income as higher interest rates and credit card expenditure helped offset provisions against bad loans....
Honeywell to Pay $1.3 Bn to Resolve Asbestos-Related Claims
On Friday, Honeywell International Inc (NASDAQ:HON) said that it would pay USD 1.3 billion to end asbestos-related claims emanating from its former unit. This is...
Carvana Cuts 8% of The Workforce On Weakening Demand
On Friday, Carvana Co announced another round of job cuts, impacting about 8 per cent of its workforce. The company attempts to cut costs amid...
Williams-Sonoma Shares Fall After Withdrawing Mid-Term Guidance
On Friday, Williams-Sonoma (NYSE:WSM) shares fell 7 per cent in pre-market after the company withdrew its guidance through the fiscal year 2024, citing macro uncertainty....
Chile’s GDP Posts Largest Quarterly Fall in Over 2 Years
On Friday, central bank data showed that Chile’s economy posted in Q3 its largest sequential fall in more than two years as recession concerns grow...
Yandex Market Buys Up Remaining IKEA Russia Inventory
On Friday, Yandex (NASDAQ:YNDX) Market, owned by Russian internet giant Yandex, reported that it had agreed to buy up the inventory of IKEA, the Swedish...
JD.com Inc Adr Revenue, Earnings Beat in Third Quarter
On Friday, JD.com Inc Adr (NASDAQ:JD) reported Q3 revenue that topped expectations and earnings that beat analysts’ forecasts. Reportedly, the Chinese company announced EPS (earnings...