The central bank is expected to keep its target rate at a range of 4.25% to 4.50%, but traders want to see whether any Fed governors go against the decision. <
Catastrophe bond sales are skyrocketing, underscoring the growing appeal of what was once considered a relatively niche corner of the insurance industry. The issuance of so-called catastrophe bonds, or CAT bonds, has soared to $18.2 billion so far this year, according to specialist data provider Artemis.bm. With five months to spare, that’s already more than…
Novo Nordisk shares nosedived on the day its new chief executive, Maziar Mike Doustdar, was appointed. But that shouldn’t have come as a surprise to investors. Minutes before the news of Doustdar’s appointment on Tuesday, the Danish pharmaceutical giant reported a profit warning, slashing its operating profit growth by around a third to the new…
Shipping containers are stacked on the Ever Magic container ship operated by Evergreen at the Port of Los Angeles on June 25, 2025 in Los Angeles, California. Mario Tama | Getty Images The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in the trade balance…
Chinese Vice Premier He Lifeng leaves Lancaster House, on the second day scheduled for trade talks between the U.S. and China, in London, Britain, June 10, 2025. Toby Melville | Reuters The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after they concluded Tuesday with no trade truce extension. Why? Any…
Key Points Luxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday each outlined the extent to which U.S. import tariffs have taken their toll. Collectively, the carmakers warned of combined costs exceeding 770 million euros ($889 million). “This is not a storm that will pass,” Oliver Blume, chairman of the executive board of Porsche,…
18 July 2025, Bremen, Bremerhaven: Containers are handled at the overseas port. Sina Schuldt/picture alliance via Getty Images) The euro zone economy eked out a better-than-expected 0.1% growth in the second quarter, compared to the previous three-month stretch, flash data from Eurostat showed Wednesday. Economists polled by Reuters had anticipated euro zone growth to flatline…
VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’…
An Adidas flagship store at Nanjing Road Pedestrian Street in Shanghai, China. Cfoto | Future Publishing | Getty Images Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its U.S….
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in…
