News

U.S. Economy to Expand at 2.2% Rate

U.S. Economy to Expand at 2.2% Rate

The U.S. economy is expected to grow at a rate of about 2.2% in the current quarter, according to a recent estimate from the New York Federal Reserve. Economist...

Prudential Financial Teams Up with Warburg Pincus to Lead $1 Billion Investment in Prismic Life Reinsurance

Prudential Financial Teams Up with Warburg Pincus to Lead $1 Billion Investment in Prismic Life Reinsurance

Prudential Financial and Warburg Pincus collaborate to lead a $1 billion investment in Prismic Life Reinsurance, with a vision to redefine the industry and fuel...

STM Group Receives Funding for Takeover Offer

STM Group Receives Funding for Takeover Offer

Pension SuperFund Capital secures funding to make a takeover offer for STM Group, with shareholders already pledging support. The share price is set at 67 pence...

Berkeley Group Holdings on Track for Fiscal 2024 and 2025

Berkeley Group Holdings on Track for Fiscal 2024 and 2025

Berkeley Group Holdings remains on track to meet financial guidance for fiscal years 2024 and 2025, with focus on the year ending April 30, 2024.

Boeing Expects Lower 737 Max Deliveries

Boeing Expects Lower 737 Max Deliveries

Boeing announces lower 737 Max deliveries, impacting stock and revealing challenges. Company remains committed to resolving issues and maintaining financial gui...

Eli Lilly's Potential $50 Billion Annual Sales from Weight-Loss Drugs

Eli Lilly's Potential $50 Billion Annual Sales from Weight-Loss Drugs

Eli Lilly is predicted to achieve $50 billion in annual sales from weight-loss drugs by 2030, with incretins playing a significant role. The market is projected...

ABM Industries Faces Stock Decline Amid Office Downsizing

ABM Industries Faces Stock Decline Amid Office Downsizing

ABM Industries faces a stock decline as companies downsize offices, resulting in decreased demand for their services. Despite reporting a third-quarter profit,...

Mexico's Inflation Decreases to Lowest Level in Two-and-a-Half Years

Mexico's Inflation Decreases to Lowest Level in Two-and-a-Half Years

Mexico's inflation dropped to its lowest level in two-and-a-half years in August due to a slowdown in price increases of core goods. Despite the decline, the Ba...

Lucid's Strategic Approach to Enter the Chinese Electric Vehicle Market

Lucid's Strategic Approach to Enter the Chinese Electric Vehicle Market

Lucid aims to strategically enter the competitive Chinese EV market by avoiding missteps and capitalizing on its growth potential.

China's Communist Party Blamed for Business Exodus

China's Communist Party Blamed for Business Exodus

House Speaker McCarthy blames China's Communist Party for business exodus and urges collaboration with allies to address reliance on China.