Tag: business news
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AMD plummets 8% in premarket trading despite beating expectations
The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.
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Novo Nordisk’s raised forecast fails to change the debate over its obesity business
Wall Street isn’t convinced the Ozempic maker has a promising path back to sustainable growth as competition from Eli Lilly intensifies.
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The stocks Goldman gives more than 100% upside — with one as high as 168%
Goldman Sachs gave two companies an upside of more than 100% in its latest ‘European Conviction’ stock picks list.
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GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.
GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.
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U.S. says Strait of Hormuz is ‘free and open’ as Bessent says deal with Iran is close
U.S. Central Command said the “southern route of the Strait of Hormuz remains free and open”
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China’s super-rich ‘in shock’ and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing’s move to tax offshore trusts, long used by China’s ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
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Europe’s heatwave isn’t cooling Asian travelers’ holiday plans for the continent
Asian travelers’ appetite for Europe remains resilient despite record-breaking heat, with spending in Northern Europe projected to increase.
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Merck CEO says new pipeline is built to offset Keytruda’s eventual patent expiration
Merck CEO Rob Davis said the drugmaker has evolved beyond Keytruda, with more than 20 potential blockbuster launches over the next five years.
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Jim Cramer says this investing mistake is costing you big gains
CNBC’s Jim Cramer warned that staying out of the market because of fear is costing investors big gains.
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Jim Cramer says one hedge fund’s collapse cleared the way for tech’s rally
CNBC’s Jim Cramer said the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling.
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