Morgan Stanley reported that profits performed better than expected across the board in the second quarter of 2024 despite investors shifting to higher-yielding assets.
Sectors
Novo Nordisk, Eli Lilly Shares Decrease After Roche Reveals Obesity Drug Trial
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Netflix's Password Sharing Crackdown Backfires With Slow Subscriber Growth in Q2
Netflix reported its slowest subscriber growth in five quarters, adding only 4.82 million new subscribers from April to June, down from 9.3 million in the previous quarter, largely due to a crackdown on password sharing.
Elon Musk to Move X, SpaceX HQs From California to Texas After Newsom Passes Trans Rights Law
Elon Musk made his intention to move the headquarters of his companies SpaceX and X, formerly Twitter, from California to Texas after California Governor Gavin Newsom signed a transgender rights law.
Charles III Reads Labour's Economic Plans in UK's State Opening of Parliament
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
Latest News
Canyon Bicycles announced its collaboration with NBA star LeBron James and several other riders to promote its line of bicycles and inspire the next generation of cyclists regardless of terrain and preferences.
Polish Foreign Minister Radoslaw Sikorski announced that it was planning to spend 5% of its gross domestic product on defense by 2025.
Republican Party presidential candidate Donald Trump announced on the first day of the Republican National Convention Monday (July 15) that he has chosen first-term Ohio senator JD Vance as his vice-presidential running mate, triggering reactions from business executives across multiple sectors.
Foreign carmakers in China face increasing challenges in the EV market. Chinese EV makers are expected to occupy 70% of the EV market by 2030 while facing increasing EU and US tariffs.
The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.
The global pet care industry is ever-evolving, necessitating innovative and safe solutions for managing animal health. Toltramax, a pioneering brand of toltrazuril, is set to transform how veterinarians manage parasitic infections in non-food chain animals such as dogs, cats, and horses. Recognized as the safest solution on the market, Toltramax is making significant strides in improving companion animal health, productivity, and overall well-being.
With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.
The UK’s Electoral Commission revealed that the Labour Party, which won a landslide victory in this month’s general election, received almost five times as much campaign donation money as the Conservative Party.
The motion-based gaming console Nex Playground announced that the famous Halfbrick game Fruit Ninja is coming to the platform.
