Business

U.S. Stocks Near a Record High Amid Lull in Iran War

Markets have been lashed between disruptions in the Strait of Hormuz and anxiety about massive corporate investments in artificial intelligence.

ADC condemns killing, abduction of scores in Zamfara

The African Democratic Congress (ADC) in Zamfara State has condemned the killing of several residents and the abduction of about 70 others by armed bandits in Kasuwar Daji, Kaura Namoda Local Government Area. The party described the attack…

NYC’s “War On Rats” Has An Unlikely Hero: Trash Bins

Could the answer to rats in New York City really be as simple as putting garbage into trash cans? Yes, actually. (Source: Bloomberg)

Pfizer tops quarterly estimates, hikes low end of revenue guidance on strength of non-Covid products

Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.

India Panel Proposes Rules to Bring Overseas Firms Home

A panel of Indian lawmakers has proposed allowing companies registered overseas to transfer their registration to an International Financial Services Centre in India.

Options market braces for $225 billion swing in SpaceX's value as earnings loom

Mag 7 Valuations Have Room to Normalize, Dawson Says

Cameron Dawson, CIO at NewEdge Wealth, discusses the turnaround in technology stocks as she sees room for Magnificent Seven stock valuations to move higher and give a lift to the overall tech sector and S&P 500. (Source: Bloomberg)

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McDonald’s U.S. Sales Slow as Consumers Spend More Cautiously

The fast-food giant named a new president of its U.S. operations, aiming to bring “focus and urgency” to a revamp of its outlets.

Wayfair posts strongest U.S. growth since 2020

Wayfair, a pandemic darling that's seen sales slow since lockdown orders were lifted, posted its strongest U.S. growth since 2020 during its second quarter.

Zepto’s IPO Hopes Were Chilled by Investors Looking for Profitability

Public markets demand a path to profitability before they buy in

McDonald's names company veteran Skye Anderson as its U.S. president as growth in its largest market slows

McDonald's new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.