More U.S. companies are finding it harder to make a profit in China than before the pandemic, according to surveys by the American Chamber of Commerce in China.
Schlagwort-Archiv: Markets
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.
Peloton posts mixed holiday results, dismal quarterly guidance
Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.
Merck results beat expectations as top drugs Keytruda, Gardasil post strong sales
Merck still posted a quarterly loss due to previously announced charges associated with its cancer drug collaboration deal with Daiichi Sankyo.
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit the year prior.
Volvo shares jump 20% on higher sales, plans to stop Polestar funding
Volvo Cars shares surged more than 20% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Bank of England could be about to open the door to interest rate cuts
The Bank of England is expected to hold interest rates at 5.25% on Thursday, but markets will be closely watching voting patterns, projections and language.
Former UK finance minister joins Coinbase crypto exchange as an advisor
Coinbase said Wednesday that George Osborne, who served as Britain’s chancellor of the exchequer from 2010 to 2016, will join the company as a global advisor.
U.S.-China fentanyl talks get off to a ‚productive‘ start, security advisor says
The U.S. and China had a „productive“ first day of fentanyl talks, Jennifer Daskal, a deputy homeland security advisor, told NBC News‘ Janis Mackey Frayer.