Lululemon Athletica shares surged nearly 11% in after-hours trading on Thursday after the retailer reported stronger-than-expected third-quarter results and said Chief Executive Calvin McDonald will step down early next year.Revenue rose 7% from a year earlier to $2.6 billion, exceeding Wall Street estimates of $2.48 billion. Adjusted earnings of $2.59…
Taiwan’s equity market continues to move against the prevailing global mood around artificial intelligence. While investors elsewhere are questioning whether AI valuations have stretched too far, Taiwan’s tech-heavy stocks show little sign of losing momentum.The contrast reflects a growing divide between foreign caution and local conviction, reports Reuters. For domestic…
The UK economy slipped back into contraction in October, heightening concerns that Chancellor of the Exchequer Rachel Reeves’ first budget has dampened momentum at a delicate moment for growth. Fresh monthly data showed broad weakness across key sectors, underscoring the challenges facing policymakers ahead of the Bank of England’s final…
Novo Nordisk has officially launched Ozempic in India, marking a significant expansion of its presence in one of the world’s fastest-growing markets for diabetes and obesity treatments. The launch comes at a time when demand for weight-loss drugs is rising sharply, driven by lifestyle changes, urbanisation, and increasing awareness of…
In Venezuela, money does not enter the economy as a steady stream. Instead, it arrives in bursts, timed to crude cargoes leaving port. That is why a single ship seizure can feel like a national budget event. This week, the US made the shipping lane the front line again, and…
Russian seaborne oil product exports dipped slightly in November, falling 0.8% from October to 7.494 million metric tons, according to industry data and Reuters calculations. This decrease occurred as the effects of drone attacks on key energy infrastructure were largely counterbalanced by the completion of maintenance work at several refineries.Despite the…
US equities are set to reach fresh record highs next year, supported by stronger corporate earnings, broadening artificial intelligence adoption, and resilient economic growth, according to Goldman Sachs strategists. The outlook adds to a growing consensus among major financial institutions that the ongoing market rally still has room to run.AI-driven…
Taiwan’s equity market continues to move against the prevailing global mood around artificial intelligence. While investors elsewhere are questioning whether AI valuations have stretched too far, Taiwan’s tech-heavy stocks show little sign of losing momentum.The contrast reflects a growing divide between foreign caution and local conviction, reports Reuters. For domestic…
Novo Nordisk has officially launched Ozempic in India, marking a significant expansion of its presence in one of the world’s fastest-growing markets for diabetes and obesity treatments. The launch comes at a time when demand for weight-loss drugs is rising sharply, driven by lifestyle changes, urbanisation, and increasing awareness of…
Canopy Growth stock price staged a strong comeback in the pre-market session as investors cheered the latest news on cannabis rescheduling. CGC jumped by over 35% to $1.530, pushing its market cap to over $400 million. So, will the stock’s gains hold?Canopy Growth stock jumps amid rescheduling newsCanopy Growth is…