Russia’s dominant lender Sberbank posts record Q3 profits
(Reuters) – Russia’s dominant lender Sberbank reported a record quarterly profit of 411.4 billion roubles ($4.41 billion) on Thursday and…
Novo Nordisk sees double-digit Wegovy sales growth next year despite supply curbs
(Reuters) – Novo Nordisk (NYSE:NVO) said on Thursday it expects another year of double-digit sales growth for its two most…
Paypal and TTM Technologies surpass Wall Street Q3 expectations
Santa Ana-based TTM Technologies (NASDAQ:TTMI) Inc., a printed circuit board producer, and San Jose’s digital payments company, Paypal Holdings (NASDAQ:PYPL)…
Stock market sees mixed movements, indices record losses in September and Q3 2023
The stock market witnessed a mixed performance on Friday, with the Dow Industrial Average dropping by 157.50 points and the…
Tesla’s Oct China-made EV sales fall 2.6% from Sept
(Reuters) – U.S. automaker Tesla (NASDAQ:TSLA) delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the…
Zalando cuts 2023 sales forecast as demand stays weak
(Reuters) – Europe’s biggest online fashion retailer, Zalando, sees continued pressure on demand for the rest of the year and…
Hedge fund investors pull $80 billion from industry in 2023 – Aurum
(Reuters) – The hedge fund industry saw a net $80 billion of outflows for the year to Oct. 18, even…
Unlike Pfizer, Moderna can meet 2023 COVID forecast, analysts say
(Reuters) – Moderna should hit the lower end of its sales target for this year as it only needs to…
Barclays upgrades GM, Ford to Overweight on ‘historically cheap valuation’
Barclays upgraded Detroit automakers, General Motors (NYSE:GM) and Ford (NYSE:F) to Overweight ratings (From Equal-weight) as the companies move past…
US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
(Reuters) – U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive…