Early trading on Wednesday saw a 14% increase in H&M shares as the Swedish retailer substantially exceeded analyst estimates for its fiscal first quarter’s earnings. Operating profit exceeded analysts’ estimates of 1.43 billion Swedish krona ($196 million) by 2.08 billion, according to an LSEG survey. The company maintained its goal of an operating margin of…
According to data from the global wealthy list of Hurun Research Institute, Mumbai is now the Asian capital with the most number of billionaires. This is the first time that the most populated city in India has topped the Asian rankings. New York (119) is the most wealthy city in the world in 2024, followed…
Trading app for online In an attempt to increase subscriptions to its premium tier and establish a stronger presence in the personal finance industry, Robinhood Markets introduced a new credit card on Tuesday. With the intention of expanding its product line, the Menlo Park, California-based startup launched a debit card two years prior that allowed…
Approval of Merck’s treatment for individuals with high blood pressure brought on by pulmonary artery constriction was approved by the U.S. Food and Drug Administration, giving the multinational pharmaceutical company access to yet another potentially game-changing medication. Merck’s stock rose more than 4% during extended trading. About 40,000 Americans suffer with pulmonary arterial hypertension (PAH), which…
The global automotive industry is being significantly impacted by a little electric vehicle. The price of the EV and its potential to upend local auto sectors across the globe are what are creating waves, not the vehicle itself. The little, all-electric Seagull hatchback, which retails for less than $10,000 (69,800 yuan), is said to turn…
Apple is the target of a historic lawsuit brought by the US, which claims the tech giant is monopolising the smartphone market and stifling competition. The Justice Department claims in the lawsuit that the business exploited its dominance over the iPhone app store to “lock in” developers and users. It charges the company with using…
Looks like Donald Trump is struggling to come up with the $464 million fraud fine. Could he be saved by the stock market? After a majority of Digital World Acquisition Corp. shareholders decided on Friday to acquire the company, Trump Media—which operates the social media platform Truth Social—is about to go public. At the current…
The first human to receive a replacement kidney from a genetically modified pig is a 62-year-old man with end-stage renal illness, according to recent announcements from specialists at Massachusetts General Hospital in Boston. According to a statement from the hospital, the four-hour procedure on March 16 “marks a major milestone in the quest to provide…
A combination between Digital World Acquisition Corporation and Donald Trump’s social media business was approved by shareholders on Friday. The acquisition may eventually bring in $3 billion or more for the former president. About 2.5 years have passed since the so-called special purpose acquisition business declared its intention to merge with Trump Media & Technology…
A U.S. labour agency recently accused Elon Musk’s SpaceX of forcing laid-off or dismissed workers to sign illegal contracts that prevent them from criticising the business and participating in class-action lawsuits against it. A regional representative of the National Labour Relations Board (NLRB) in Seattle submitted the complaint late on Wednesday. SpaceX has already been…
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