Illumina falls 6% after cutting full-year forecast; analysts highlight China weakness
Illumina (NASDAQ:ILMN) shares fell over 6% in pre-market trading after the company slashed its full-year forecast. The company’s adjusted earnings…
Alibaba beats quarterly revenue estimates
(Reuters) – China’s Alibaba (NYSE:BABA) Group Holding reported first-quarter revenue on Thursday that beat analysts’ estimates as consumer sentiment bounced…
Travel, luxury stocks lift European shares ahead of US inflation data
(Reuters) -European stocks rose on Thursday, with luxury and travel stocks climbing after China eased travel restrictions, while investors awaited…
Disney creates task force to explore AI and cut costs -sources
(Reuters) – Walt Disney (NYSE:DIS) has created a task force to study artificial intelligence and how it can be applied…
Coach parent Tapestry in talks to buy Michael Kors owner – WSJ
(Reuters) – Coach parent Tapestry is nearing a deal to buy Michael Kors-owner Capri Holdings (NYSE:CPRI), the Wall Street Journal…
Biotech firm Amyris files for bankruptcy in US
(Reuters) – Biotech firm Amyris (NASDAQ:AMRS) Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S.…
Zurich Insurance price hikes help it weather climate storms
(Reuters) – Zurich Insurance (SIX:ZURN) on Thursday reported a better-than-expected half-year operating profit, helped by its Life business and price…
Siemens CEO says customers looking outside China for new investments
(Reuters) – Siemens (ETR:SIEGn) is seeing changing investment patterns by some customers regarding China as tensions rise between Washington and…
Indian banks, indices fall on RBI’s surprise move; metals shine, defy market mood
Indian market indices declined on Thursday, led largely by banking and financial stocks, which witnessed a sell-off after the Reserve…
Hapag-Lloyd net profit dives 67% in H1, maintains outlook
(Reuters) – German container shipper Hapag-Lloyd on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first…