Baidu Posts Quarterly Beat, Helped by AI Pursuits — Update
Chinese search-engine giant Baidu reported a drop in quarterly profit but beat top- and bottom-line estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
European Midday Briefing:
European stocks struggled for momentum on Thursday despite a more optimistic mood globally following the softer U.S. inflation data renewing hopes of the Federal Reserve cutting interest rates soon.
Morningstar2h
North American Morning Briefing: Stock Futures Rise as Inflation Optimism Continues
Stock futures were rising on Thursday, a day after the three major indexes closed at record highs following data that showed an easing of inflation. Up ahead, investors will eye results from Walmart ...
North American Morning Briefing: Stock Futures -2-
RM2 International Inc (RMTO) is expected to report for Interim. Replimune Group Inc (REPL) is expected to report $-0.81 for 4Q. Spyre Therapeutics Inc (SYRE) is expected to report $-1.05 for 1Q. Under ...
Roche Shares Climb After Weight-Loss Drug Shows Efficacy in Early-Stage Trial
Roche Holding shares rose after the Swiss pharmaceutical giant said a drug candidate achieved positive results for weight loss in an early-stage clinical trial in adults with obesity.
U.S. Futures Up, European Stocks Mixed as Easing U.S. Inflation Raises Rate-Cut Hopes
In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Sweco Series B climbed 12.3% and Watches of Switzerland added 9.5%. On the other hand, Ubisoft Entertainment sunk 12.6%, and Umicore ...
Morningstar4h
Siemens to Sell Innomotics to KPS Capital Partners for $3.8 Billion — Update
Siemens agreed to sell its Innomotics large motors business to private-equity firm KPS Capital Partners for 3.5 billion euros ($3.81 billion), including debt, the latest move by the German industrial ...
Morningstar6h
China Property Stocks Rally as More Cities Unveil Rescue Steps
Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The ...
KGHM Net Profit Rises Despite Weaker Revenue as Operating Costs Fall
Polish miner KGHM said its net profit jumped in the first quarter, helped by lower operating costs and despite a decline in revenue. The world's second-largest silver miner said late Wednesday that ...
Zurich Insurance Property and Casualty Revenue Rises
The Swiss insurer said Thursday that property and casualty insurance revenue rose to $10.25 billion from $9.41 billion a year ago, while gross written premiums rose 9% on a like-for-like basis to ...
Siemens Cuts Digital Industries Outlook on China Weakness
In the group's digital industries, comparable revenue is now projected to fall by 4% to 8% in fiscal 2024, against previous expectations for a rise of up to 3%. Siemens now forecasts profit margin for ...
Deutsche Telekom Backs Guidance After Revenue Rises on Strong Growth in Core Markets
Deutsche Telekom maintained its full-year guidance and still expects adjusted Ebitdaal of around EUR42.9 billion. It still expects free cash flow of EUR18.9 billion and adjusted earnings per share of ...