Articles

Morgan Stanley ups China growth forecast after strong exports boost country’s GDP

Morgan Stanley said strong exports and a Beijing led investment push will see China’s economy grow faster than previously expected in 2024

Treasury yields near five-month high ahead of producer prices data and jobless report

Bond yields rose to fresh highs for the year as the prospects for multiple rate cuts in 2024 faded following data showing inflation picking up steam.

Ad giant Publicis Groupe sees ‘clear rebound’ in sales to tech sector following 2023 slump

The French advertising giant said it saw a clear rebound in sales to tech companies following a slump that hit ad firms’ sales in 2023

Markets are wrong to think U.K. rate cuts will track the U.S., says Bank of England policymaker

Linking the trajectory of interest rate cuts in the U.K. too tightly to the U.S. is mistaken because British inflation will be stickier, according to a Bank of England monetary policymaker.

‘The ship has turned.’ JPMorgan upgrades iconic U.K. retailer Marks & Spencer

Marks & Spencer, the storied U.K. retailer, saw an upgrade to overweight at JPMorgan, as the bank said it’s the retailer demonstrating the biggest positive inflection out of the pandemic.

Regeneron accused of ‘fraudulent’ drug-pricing reporting for eye drug Eylea

The Department of Justice on Wednesday accused drug maker Regeneron Pharmaceuticals Inc. of fraudulent practices related the pricing of its blockbuster vision-impairment drug Eylea, boosting its sales in the process.

Nvidia doesn’t have a monopoly in AI — though it sure seems that way

Pricing power and lack of competition are driving Nvidia’s growth, but rivals are gaining traction.

Boeing needs to focus on solutions, not shareholders

The aerospace giant’s self-inflicted woes hold broader lessons on how to run a company.

Vertex Pharmaceuticals to acquire Alpine Immune Sciences for $4.9 billion

Vertex Pharmaceuticals has agreed to acquire Alpine Immune Sciences for $4.9 billion in cash, bolstering its portfolio on kidney diseases as deals in biotechnology continue to heat up.

Costco boosts its dividend by 14% while touting sharp rise in e-commerce sales

Costco saw a 9.4% sales boost the five weeks through April 7, driven by a surge in e-commerce activity. .

Honest Co. shares dip 7% after Jessica Alba steps down from company she founded

Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.

Rent the Runway sees ‘milestone’ 2024 and breakeven cash flow, as stock soars

Rent the Runway Inc. on Wednesday said it expected breakeven free cash flow this year, following cost cuts and signs of a revival in shoppers’ enthusiasm.
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