The US won’t give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signaling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to make ...
The US won’t give India the same kind of economic advantages it gave China, which allowed that country to emerge as a major competitor, Deputy Secretary of State Christopher Landau said on Thursday, signaling Washington’s cautiousness in negotiations over a trade deal. While the US wants to work with India to unlock its “limitless potential,” India should understand that “we are not going to make the same mistakes with India that we made with China 20 years ago,” Landau said at the Raisina Dialogue, India’s flagship conference on geopolitics and geoeconomics. Landau also offered to work with India to address long and short term issues in meeting its energy challenges as supply disruptions from the Middle East crisis threaten fuel stockpiles. India has avoided taking sides in the widening conflict, as it finalizes a trade deal under negotiation since US President Donald Trump took office. Washington last month cut tariffs on Indian goods to 18% from 50% after several rounds of talks. India, like other countries, is attempting to balance growth at a time when the US is using tariffs in geopolitical negotiations. It is attempting to diversify and reduce its reliance on the US as a trade partner. It signed a trade deal with the European Union, apart from deals with several other nations. “It is in our interest and we think it is also in India’s interest to be partners,” said Landau. “We have many many win-win situations with India.”
Layoff announcements slid in February, according to a new report from the global outplacement firm Challenger, Gray & Christmas, amid other emerging signs the labor market may be stabilizing Employers revealed plans to slash 48,307 roles last month, compared to the 108,435 job cut announcements seen in January. Reductions were posted in fields like technology and transportation, Challenger said. “...
Layoff announcements slid in February, according to a new report from the global outplacement firm Challenger, Gray & Christmas, amid other emerging signs the labor market may be stabilizing Employers revealed plans to slash 48,307 roles last month, compared to the 108,435 job cut announcements seen in January. Reductions were posted in fields like technology and transportation, Challenger said. “February’s dip is a nice reprieve from the elevated job cut plans to start the year,” Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said in a statement. Still, “with U.S. involvement in a growing war in Iran, the end of Q1 may bring more layoff plans as companies tighten belts amid uncertainty and higher costs,” he added. Do you have a story about navigating the job market? Reach out to Emma Ockerman here. Just two months into the year, the job market has already been rocked by steep cuts from major employers like Amazon and UPS, as well as Block’s recent headline-making announcement that it would slash 40% of its staff amid AI advancements. (To be sure, many are questioning whether Square’s layoffs have more to do with the hype surrounding AI rather than its current capabilities.) But the layoff rate, as measured by the federal government, has remained fairly steady. At 1.1% in December, it was still a hair below the rate of 1.3% seen before the pandemic slammed into the economy in March 2020. Kory Kantenga, head of Economics, Americas, at LinkedIn, said in an analysis on Wednesday that “mentions of layoffs on LinkedIn remain on par with fall levels after a brief rise in November,” adding the government’s layoff rate was “expected to remain unchanged in January and year-over-year” when it’s posted next week. The Labor Department’s much-anticipated jobs report containing last month’s payroll growth data, meanwhile, will be published Friday morning. It’s expected to show a monthly gain of nearly 60,000 new positions, as well as a steady 4.3% unempl...
STORY: :: Nvidia Nvidia has reportedly stopped production of its second-most advanced artificial intelligence chips, known as H200 chips, intended for the Chinese market. The Financial Times reported the update on Thursday, citing two people with knowledge of the situation. The report said the U.S. chipmaker has reallocated manufacturing capacity at chip contract maker TSMC away from making H200 c...
STORY: :: Nvidia Nvidia has reportedly stopped production of its second-most advanced artificial intelligence chips, known as H200 chips, intended for the Chinese market. The Financial Times reported the update on Thursday, citing two people with knowledge of the situation. The report said the U.S. chipmaker has reallocated manufacturing capacity at chip contract maker TSMC away from making H200 chips to its next-generation Vera Rubin hardware. Reuters could not immediately verify the report. Nvidia and TSMC did not immediately respond to requests for comment. Last week, Nvidia said it had received licenses from the U.S. government to ship "small amounts" of its H200 chips to customers in China. However, this move suggests Nvidia does not expect any meaningful H200 sales in China in the near term. In January, U.S. President Donald Trump's administration gave a formal green light to China-bound sales of Nvidia's H200 chips. But shipments remained stalled due to guardrails built into the process.
Scott Barbour/Getty Images News Shell ( SHEL ) has signed a contract for geological exploration of the Zhanaturmys field in the Aktobe region in Kazakhstan, the country's energy ministry said Thursday, without providing details on the amount of investment. The contract, which runs until 2032, includes seismic surveys, data collection, and technical assessments in accordance with regulatory requ...
Scott Barbour/Getty Images News Shell ( SHEL ) has signed a contract for geological exploration of the Zhanaturmys field in the Aktobe region in Kazakhstan, the country's energy ministry said Thursday, without providing details on the amount of investment. The contract, which runs until 2032, includes seismic surveys, data collection, and technical assessments in accordance with regulatory requirements and subject to obtaining the necessary regulatory approvals, the ministry said. Shell's ( SHEL ) Kazakhstan Country Chair Suzanne Coogan said the contract is "another confirmation of Shell’s commitment to long‑term cooperation with the Republic of Kazakhstan." The deal comes even as Shell ( SHEL ) is engaged in international arbitration with Kazakhstan; in January , Shell and partners in the Karachaganak field lost an international arbitration case, leaving them liable to pay as much as $4B in compensation to the government. More on Shell Shell: Integrated Gas Is In Demand Shell: Positioned To Benefit From A Potential Capital Rotation Into European Energy Shell's Latest Results Disappoint, But External Factors Merit A Rating Upgrade
Hector Vivas/Getty Images Entertainment Societe Generale’s Albert Edwards, one of Wall Street’s most notorious bears, isn’t waiting around for the AI apocalypse. In his latest Global Strategy Weekly, the veteran strategist argues that the macroeconomic disaster many predict for 2028 is already unfolding in real time. “The AI macro doomsday scenario is not for 2028. It’s here right now!” Edwards de...
Hector Vivas/Getty Images Entertainment Societe Generale’s Albert Edwards, one of Wall Street’s most notorious bears, isn’t waiting around for the AI apocalypse. In his latest Global Strategy Weekly, the veteran strategist argues that the macroeconomic disaster many predict for 2028 is already unfolding in real time. “The AI macro doomsday scenario is not for 2028. It’s here right now!” Edwards declares, pointing to mounting evidence that artificial intelligence is already wreaking havoc on employment and consumer spending. Since ChatGPT’s November 2022 launch, AI has been the rocket fuel propelling the S&P ( SP500 ) ( SPY ) ( IVV ) ( VOO )higher. But Edwards believes that story is beginning to disintegrate. The adverse effects on jobs, he argues, are already plain to see, and consumption is “heading for a brick wall” as a result. The consumer running on fumes Edwards highlights a troubling disconnect in the data: consumer spending growth near 3% has become entirely unsupported by real personal disposable income, which has been flat for six months. The U.S. consumer, he argues, is running on fumes. The saving ratio has collapsed to 3.6% — a level not seen since the euphoria of the 2006 housing bubble. Edwards dismisses any notion that households are saving less because they “anticipate higher future income growth.” Instead, he sees the savings decline as a short-term reaction to real incomes hitting a wall. “Another steep fall in the (savings rate) is unlikely from these very low levels, underpinning my view that we are heading for an AI-related consumer crunch,” Edwards writes. Pain spreading beyond tech What makes this moment particularly concerning, according to Edwards, is how the damage is spreading beyond the obvious tech sector. Earlier this year, markets saw a rotation out of tech and into the broader market. But now the pain is reaching sectors one might not expect — including insurance, fund management, and logistics. Edwards presents a stark assessment of...
(RTTNews) - UK stocks are swinging between gains and losses on Thursday with investors largely staying cautious, while keeping an eye on news from the Middle East. Travel-related stocks are having a tough outing due to airspace closures in the Middle East region forcing carriers to cancel tens of thousands of flights over the past one week. The benchmark FTSE 100 was up 7.65 points or 0.08% at 10,...
(RTTNews) - UK stocks are swinging between gains and losses on Thursday with investors largely staying cautious, while keeping an eye on news from the Middle East. Travel-related stocks are having a tough outing due to airspace closures in the Middle East region forcing carriers to cancel tens of thousands of flights over the past one week. The benchmark FTSE 100 was up 7.65 points or 0.08% at 10,575.30 a little over half an hour past noon. The index, which dropped to 10,525.95 in early trades, recovered to 10,637.75 before paring gains. Rentokil Initial is soaring nearly 12% after reporting higher annual profits. Admiral Group is surging 4% as it posted record profits despite a challenging economic backdrop. Entain is climbing up 5.3%, and Weir Group is advancing 4.15%. Mondi is up 3.1%. Convatec Group, JD Sports Fashion, Intertek Group, Airtel Africa, Centrica, Bunzl, DCC, Standard Chartered, United Utilities, BT Group, Diploma, Prudential and Halma are also up with strong gains. Reckitt Benckiser is down more than 5% after maintaining its revenue growth targets for this fiscal year. Aviva is down by about 3% despite meeting 2025 profit targets. 3i Group, Rio Tinto, Aviva, Easyjet, IAG, Metlen Energy & Metals, British American Tobacco, St. James's Place and BAE Systems are down 1%-3.3%. Data from S&P Global showed the S&P Global UK Construction PMI fell to 44.5 in February of 2026 from 46.4 in the previous month, contrasting with expectations that it would improve slightly to 47 to reflect a deeper contraction in the British construction activity. UK new car sales rose 7.2% year-on-year to 90,100 units in February 2026, marking the highest February volume in 22 years, according to the Society of Motor Manufacturers and Traders (SMMT). The surge was largely driven by private retail registrations, which climbed 17.6% to 35,227 units. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Iran has attacked its neighbors in reprisal for not supporting it against the U.S. and Israel. But one thing Iran has not done is attack Gulf countries’ water supplies. Many of its desert kingdom neighbors are dependent on seawater desalination plants. “The targeting of key infrastructure, such as water desalination plants … would mark important escalations of the conflict,” Macquarie analysts Thi...
Iran has attacked its neighbors in reprisal for not supporting it against the U.S. and Israel. But one thing Iran has not done is attack Gulf countries’ water supplies. Many of its desert kingdom neighbors are dependent on seawater desalination plants. “The targeting of key infrastructure, such as water desalination plants … would mark important escalations of the conflict,” Macquarie analysts Thierry Wizman and Gareth Berry told clients recently. “Water desalination has always been a key vulnerability in the Gulf states. In one report from several years ago, it was estimated that a hostile act against Saudi Arabia’s water infrastructure would force authorities to evacuate Riyadh (with a population of 8.5 million) within a week.” Saudi Arabia’s Jubail Desalination Plant produces 1.6 million cubic meters of water per day. According to the U.S. Embassy in Saudi Arabia , in the event of an attack on Jubail, “Riyadh would have to evacuate … the current structure of the Saudi government could not exist without the Jubail Desalination Plant.” Pain points incoming? “There is plenty of runway before the [U.S.] economy begins to hit pain points that result in a change in household and business consumption, investment, and hiring. Those pain points will not kick in until oil hits approximately $125 a barrel,” according to RSM analyst Joe Brusuelas. At that point, it would become a drag on GDP growth and boost inflation with “downside risks to growth, inflation, unemployment, and the continuation of the business cycle.” President Trump has about a week to sort out the global oil supply chain before prices start going through the roof, according to Fortune’s Jordan Blum . It’s Day 6 of the war with Iran. Israel and Iran continue to exchange missile strikes. Iran said its navy hit a tanker in the north of the Arabian Gulf. U.K. authorities confirmed the hit. That’s significant because the tanker was far from the Strait of Hormuz, which has been the main focus of concern so far. ...
JayLazarin/iStock Unreleased via Getty Images Introduction Goodyear Tire ( GT ) has spent 2025 reshaping its business as it works to improve profitability and reduce leverage. Through a series of asset sales, cost initiatives, and a focus on higher-margin tire segments, the company has been simplifying operations and strengthening its balance sheet. While the demand for tires is a bit uneven in th...
JayLazarin/iStock Unreleased via Getty Images Introduction Goodyear Tire ( GT ) has spent 2025 reshaping its business as it works to improve profitability and reduce leverage. Through a series of asset sales, cost initiatives, and a focus on higher-margin tire segments, the company has been simplifying operations and strengthening its balance sheet. While the demand for tires is a bit uneven in the near term with a softer market, I think the controllables are changes that are beginning to show up in Goodyear’s margins and financial position. I’m of the view that these efforts should translate into earnings growth and a rerating in the stock’s valuation. Goodyear has reduced leverage through divestitures Goodyear has made a number of divestitures in 2025 in an effort to reduce leverage. Some of these include the sale of Off-the-Road Tires (OTR) to Yokohama Rubber in February last year for $905 million and the sale of the Dunlop brand to Sumitomo Rubber Industries ( SRI ) in May last year for $735 million . Soon after, the company sold Goodyear Chemical to Gemspring Capital for $650 million . Totaling $2.3 billion , these sales were used to deleverage the balance sheet and streamline the company to focus on its own core "Goodyear" and "Cooper" brands. By offloading non-core or lower-margin assets, Goodyear’s made progress on the balance sheet and improved profit margins. Investor Presentation While one might look at these divestitures as a negative since they reduce sales, I think that even though they aren't selling more "brands," Goodyear is continuing to rationalize its footprint. This includes closing high-cost facilities (like the mold facility in Findlay, Ohio, set for March 2026) and shifting production to lower-cost regions to save an additional $300 million this year. Some of the divestitures also made strategic sense, like the fact that Goodyear had shared the Dunlop brand with SRI for decades through various joint ventures meant selling the rights back to S...
(RTTNews) - Victoria's Secret & Co. (VSCO) revealed a profit for fourth quarter that Drops, from last year The company's bottom line totaled $183.63 million, or $2.14 per share. This compares with $193.41 million, or $2.33 per share, last year. Excluding items, Victoria's Secret & Co. reported adjusted earnings of $237.58 million or $2.77 per share for the period. The company's revenue for the per...
(RTTNews) - Victoria's Secret & Co. (VSCO) revealed a profit for fourth quarter that Drops, from last year The company's bottom line totaled $183.63 million, or $2.14 per share. This compares with $193.41 million, or $2.33 per share, last year. Excluding items, Victoria's Secret & Co. reported adjusted earnings of $237.58 million or $2.77 per share for the period. The company's revenue for the period rose 7.8% to $2.269 billion from $2.105 billion last year. Victoria's Secret & Co. earnings at a glance (GAAP) : -Earnings: $183.63 Mln. vs. $193.41 Mln. last year. -EPS: $2.14 vs. $2.33 last year. -Revenue: $2.269 Bln vs. $2.105 Bln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
watch now VIDEO 6:11 06:11 The Iran war is causing chaos at the Dubai airport Markets and Politics Digital Original Video Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai , United Arab Emirates, when the U.S. and Israel attacked Iran on Saturday. Gong, 30, had her flight plans derailed as a result, and she told CNBC that ...
watch now VIDEO 6:11 06:11 The Iran war is causing chaos at the Dubai airport Markets and Politics Digital Original Video Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai , United Arab Emirates, when the U.S. and Israel attacked Iran on Saturday. Gong, 30, had her flight plans derailed as a result, and she told CNBC that she had to pay $1,600 to get to Shanghai, more than double the price of her original ticket. She's one of millions of travelers swept up in war and other conflicts from Iran to Mexico this year, problems that are threatening the global tourism industry that's worth an estimated $11.7 trillion to the world's economy, according to industry group World Travel & Tourism Council. It's showing that people who are far from falling missiles, drone attacks and other geopolitical flashpoints aren't immune to ripple effects. 'Aviation quagmire' Stranded passengers wait with their luggage outside the Hazrat Shahjalal International Airport in Dhaka on March 3, 2026 after carriers cancelled flights amid the Middle East conflict. Munir Uz Zaman | Afp | Getty Images The U.S.-Israel attack on Iran set off massive aviation, travel and safety crises. More than a million people around the world were stranded because of airspace closures that have grounded over 20,000 flights since Saturday, according to aviation data firm Cirium. Some were also stuck on cruise ships. Inquiries for more expensive "cancel for any reason" travel insurance policies surged 18-fold this week, said Chrissy Valdez, senior director of operations for Squaremouth, an online insurance marketplace. Since Saturday, Iran has launched retaliatory attacks on the United Arab Emirates — home to Dubai International Airport, the world's busiest for international passenger traffic, according to Airports Council International — as well as Qatar, Jordan, Israel and Cyprus. The back-and-forth attacks have left airlines with little rec...
Dadan/iStock via Getty Images Investment Thesis I am downgrading my buy to hold recommendation on StoneCo ( STNE ) shares following the release of Q4 results. This article is part of my coverage of the company's results. My last article on the company was published on March 21, 2025, and my initial coverage article was published on June 17, 2024. The company's shares plummeted almost 20% after the...
Dadan/iStock via Getty Images Investment Thesis I am downgrading my buy to hold recommendation on StoneCo ( STNE ) shares following the release of Q4 results. This article is part of my coverage of the company's results. My last article on the company was published on March 21, 2025, and my initial coverage article was published on June 17, 2024. The company's shares plummeted almost 20% after the results were released. My intention is to explain the results in detail and share my perspectives for the business. StoneCo StoneCo is a card payment terminal operator in Brazil. Its strategy includes different brands for different types of Brazilian entrepreneurs, from the most sophisticated to the most emerging. Brands (IR Company) The company has important competitive advantages: a more technologically advanced and efficient distribution network, superior service, and a more comprehensive platform with a portfolio of products linked to software solutions. Review of Results StoneCo released its results on March 2, 2026. As we can see below, the result was below market expectations both in revenue and in current earnings per share. Latest Results (SA) From now on I will make a detailed description of each segment of the results with my interpretations. It is worth remembering that the company is Brazilian and publishes its results in BRL, so I will convert it to dollars considering 1 USD = 5.17 BRL, since the accounting records indicate this value. Net Revenue StoneCo's net revenue grew 13.0% YoY and 4.4% QoQ and reached BRL 3.7 billion ($720 million). The company achieved this by raising prices in the face of competition, with the aim of offsetting the effects of high interest rates in Brazil. The customer base grew 15% YoY to 4.8 million. Net Revenue (IR Company) A negative highlight of the result was the zero growth in cards in the quarter, while the market grew by around double digits when we analyzed results from Brazilian banks, like Itaú ( ITUB ) and Bradesco ( BBD...
Hong Kong police have arrested a driver after his medium goods vehicle collided head-on with a taxi, fatally injuring the driver and passenger. The force said on Thursday the driver of the goods vehicle, a 35-year-old man surnamed He, was arrested on suspicion of dangerous driving causing death and was being detained for questioning. The taxi was travelling along Fan Kam Road near the Fanling Golf...
Hong Kong police have arrested a driver after his medium goods vehicle collided head-on with a taxi, fatally injuring the driver and passenger. The force said on Thursday the driver of the goods vehicle, a 35-year-old man surnamed He, was arrested on suspicion of dangerous driving causing death and was being detained for questioning. The taxi was travelling along Fan Kam Road near the Fanling Golf Course towards Sheung Shui and the other vehicle was heading to Yuen Long on the same road when they collided at 11.25am. Police and firefighters at the scene of the accident. Photo: Handout The taxi passenger, an 84-year-old woman surnamed Man, was trapped inside the taxi and later rescued. Advertisement Both she and the driver, a 56-year-old man surnamed Lam, sustained multiple injuries and were rushed to North District Hospital in an unconscious state. The pair were pronounced dead in the afternoon. Advertisement The force’s special investigation team under the traffic division of the New Territories North regional headquarters was handling the case.
The Campbell's Company CPB is likely to witness top and bottom-line declines when it reports second-quarter fiscal 2026 earnings on March 11, before the market opens. The Zacks Consensus Estimate for revenues is pegged at $2.61 billion, indicating a decrease of about 3% from the prior-year quarter’s reported figure. The consensus mark for earnings has remained unchanged in the past 30 days at 56 c...
The Campbell's Company CPB is likely to witness top and bottom-line declines when it reports second-quarter fiscal 2026 earnings on March 11, before the market opens. The Zacks Consensus Estimate for revenues is pegged at $2.61 billion, indicating a decrease of about 3% from the prior-year quarter’s reported figure. The consensus mark for earnings has remained unchanged in the past 30 days at 56 cents per share, suggesting a drop of 24.3% from the figure recorded in the year-ago quarter. CPB has a trailing four-quarter earnings surprise of almost 7%, on average. The Campbell's Company Price, Consensus and EPS Surprise The Campbell's Company price-consensus-eps-surprise-chart | The Campbell's Company Quote Factors Likely to Influence CPB’s Q2 Results Campbell’s is navigating a pressured second quarter as consumers become increasingly selective in a dynamic operating environment. Top-line performance is expected to be dampened by softness in the snacks category and the structural impact of divestitures like noosa and Pop Secret. Volume and mix challenges remain a factor as the company balances shelf pricing against consumer elasticity across its mainstream portfolio. Our model suggests a 2.6% dip in Snacks segment volumes for the quarter under review. Profitability is likely to be hurt by significant cost inflation in key inputs like cocoa and eggs, alongside elevated logistics and manufacturing expenses. Management anticipates gross margin to decline by approximately 150 basis points or more as internal productivity efforts struggle to fully neutralize the rising costs. Increased promotional activity and marketing investments, aimed at boosting performance, are further expected to weigh on the bottom line. External headwinds, particularly steel and aluminum tariffs, continue to strongly impact the simple meals portfolio. With marketing and selling expenses projected at the upper end of the targeted 9% to 10% range, operating earnings remain under considerable pressur...
Welcome to our guide to the commodities driving the global economy. Today, reporter Will Kubzansky looks at US fuel costs — long seen by President Donald Trump as a barometer of his success in office — as the Middle East conflict sends oil prices higher. The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Average gasoline prices j...
Welcome to our guide to the commodities driving the global economy. Today, reporter Will Kubzansky looks at US fuel costs — long seen by President Donald Trump as a barometer of his success in office — as the Middle East conflict sends oil prices higher. The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Average gasoline prices jumped to $3.25 a gallon on Wednesday, according to data from the American Automobile Association — up by 25 cents this week. Diesel, often referred to as a workhorse of the global economy because of its wide use in freight, power and heating, has soared almost 30% since the conflict began, outpacing gains in crude oil. Any increase is unwelcome news for President Donald Trump, who has consistently touted lower pump prices as a measure of his success. Rising electricity bills have already emerged as a major political issue . Now, costlier fuel could pose even more risks for Republicans at the midterm polls in November. To be sure, the US is well-positioned to absorb some of the supply shock caused by disruption to energy exports through the Strait of Hormuz. The shale revolution elevated the country to its current position as the biggest oil and gas producer, significantly reducing its dependence on Middle Eastern crude supplies. Under his so-called energy dominance agenda, Trump has pursued even higher production as well as low prices. The US is drilling record volumes of oil and gas. It’s also a net exporter of gas and petroleum, an advantage not enjoyed by many other countries . The benefits of that privileged position have been on display this week as the disruption to Middle Eastern energy exports sends European and Asian natural gas buyers scrambling. US natural gas prices remain little changed by comparison. But unlike gas, the oil market is truly global. Being the No. 1 driller isn’t enough to fully insulate the US from the effects of the war. Trump has already ackno...
(RTTNews) - Zevra Therapeutics, Inc. (ZVRA) announced Thursday the appointment of Justin Renz as Chief Financial Officer, effective March 9, 2026. Renz brings more than 25 years of financial leadership experience in the biopharmaceutical industry, including extensive expertise in capital markets, strategic transactions, and commercial-stage operations. Renz most recently served as Chief Financial ...
(RTTNews) - Zevra Therapeutics, Inc. (ZVRA) announced Thursday the appointment of Justin Renz as Chief Financial Officer, effective March 9, 2026. Renz brings more than 25 years of financial leadership experience in the biopharmaceutical industry, including extensive expertise in capital markets, strategic transactions, and commercial-stage operations. Renz most recently served as Chief Financial & Operations Officer at Ardelyx. Previously, he was President and Chief Financial Officer of Correvio Pharma, a global specialty pharmaceutical company. Renz also served as Executive Vice President, Chief Financial Officer and Treasurer at Karyopharm Pharmaceuticals and as Executive Vice President and Chief Financial Officer at Zalicus Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
S&P 500 Index futures are little changed as of 7:45 a.m. in New York as the war in the Middle East again sends oil higher. Nasdaq 100 futures are down 0.1% Dow Jones Industrial Average futures are down 0.3% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven: Meta (META) received a downgrade at Arete, which said that the social media giant is “...
S&P 500 Index futures are little changed as of 7:45 a.m. in New York as the war in the Middle East again sends oil higher. Nasdaq 100 futures are down 0.1% Dow Jones Industrial Average futures are down 0.3% The MSCI World Index is up 0.1% Here are some of the biggest US movers before the bell: Magnificent Seven: Meta (META) received a downgrade at Arete, which said that the social media giant is “lagging” in terms of AI monetization. Shares are down 0.4% Microsoft (MSFT) +0.2%, Tesla (TSLA) -0.09%, Nvidia (NVDA) -0.2%, Alphabet (GOOGL) +0.6%, Apple (AAPL) shares are unchanged, Amazon (AMZN) -0.3% Broadcom (AVGO) rises 6% after Chief Executive Officer Hock Tan said the company expects its AI chip sales to top $100 billion next year, marking major inroads into territory dominated by Nvidia Corp. Burlington Stores (BURL) rises 6% after the off-price retailer’s fourth quarter adjusted EPS and revenue topped expectations. Ciena (CIEN) falls 3% after the maker of equipment used by telecom companies posted first quarter results and provided a second quarter guidance. Grocery Outlet (GO) drops 22% after the discount supermarket chain provided an adjusted earnings per share forecast for 2026 that’s well short of the average analyst estimate. JD.com Inc.’s ADRs (JD) slip 1% after the company reported its first quarterly loss in nearly four years following a costly foray into food delivery. Stubhub (STUB) falls 13% after the ticket reseller’s 2026 forecast and fourth-quarter results came in below Wall Street’s expectations. Analysts flag that comparisons are tough given that there wasn’t a Taylor Swift tour to boost sales. Trade Desk Inc. (TTD) jumps 18% after The Information reported that the company held talks to help OpenAI sells ads. Veeva Systems (VEEV) climbs 10% after the tech firm’s first-quarter adjusted earnings per share outlook came in above the average analyst estimate.
One in three Hong Kong adults have moderate to severe symptoms of depression, almost triple the rate from 2012, with Generation Z respondents who spent a lot of time on screens affected the most, a survey has found. The biennial study, conducted by the Mental Health Association NGO and the Chinese University of Hong Kong (CUHK), also found that 22 per cent of the 2,700 adult respondents turned to ...
One in three Hong Kong adults have moderate to severe symptoms of depression, almost triple the rate from 2012, with Generation Z respondents who spent a lot of time on screens affected the most, a survey has found. The biennial study, conducted by the Mental Health Association NGO and the Chinese University of Hong Kong (CUHK), also found that 22 per cent of the 2,700 adult respondents turned to AI chatbots to manage their stress, which experts on Thursday described as “risky” as this could delay seeking professional help. The survey, conducted between September and November last year, found the depression index of respondents, derived from self-reporting of symptoms, stood at 7.27 out of 27, the highest since 2012 when the poll was launched. Advertisement About 30 per cent of respondents scored 10 or above – a moderate to severe level – for depression, up from about 11 per cent in 2012. The proportion of people scoring 15 or more – a moderately severe or severe level – climbed from about 4 per cent to 13 per cent over the same period. About one in four had thoughts of suicide or self-harming. Advertisement Angela Cui Jialiang, an assistant professor of the department of social work at CUHK, attributed the record-high depression level to a combination of social and environmental stressors.