Johnson & Johnson Sets Guidance for 2024 and Beyond
Johnson & Johnson anticipates solid sales growth and adjusted EPS figures for 2024 and the longer term. Despite competition, the company remains optimistic about its future prospects.
U.K. Grocery-Price Inflation Hits Lowest Rate Since July 2022
Grocery-price inflation in the U.K. has reached its lowest rate since July 2022, driven by promotions and own-label products. Lidl and Aldi are the fastest-growing grocers, while Sainsbury's experiences strong growth. Kantar predicts record...
Evolution Mining to Acquire Majority Stake in Northparkes Copper and Gold Mine
Evolution Mining plans to raise $348 million for an 80% stake in the Northparkes copper and gold mine in Australia. The acquisition will support copper production and tap into the increasing demand for the metal.
TotalEnergies Signs Agreement for Largest Wind Energy Project in Kazakhstan
TotalEnergies signs an investment agreement for the Mirny wind energy project in Kazakhstan, aiming to provide low-carbon electricity to over 1 million people and reduce CO2 emissions by 3.5 million tons annually. The project entails constr...
Mortgage Rates and Home Prices
If inflation fears ease and interest rates start to decline, buyers may hold out for still lower rates, which would result in sellers needing to cut their prices to close deals. According to Realtor.com, a real-estate listings website, mort...
BlackRock, TPG, and Brookfield Partner with Alterra for Climate Change Investing
BlackRock, TPG, and Brookfield have partnered with Alterra to drive climate change investment initiatives, supporting the less affluent southern hemisphere. Alterra aims to deploy $250 billion globally by 2030, with a focus on clean energy...
Gold Futures Soar as Potential for Further Upside Emerges
Gold futures are expected to reach record highs as prices surge towards a 'golden cross' indicator, signaling further gains. Several factors including a weaker US dollar and subdued Treasury yields contribute to this upward momentum.
TDPCW Settlement with Regulators over Email Review System
TD Private Client Wealth has settled with regulators for allegations of email review system failure. The settlement includes a payment of $600,000 and a censure from Finra. TDPCW commits to improving its email review practices.
Elastic Raises Revenue Expectations with Generative AI
Data analytics company Elastic sees increased revenue and profit as generative AI drives financial gains. Upgraded earnings forecast exceeds expectations, leading to positive analyst outlook.
Fisker Slashes Production, Investors Feel the Pain
Fisker faces production cutback, investors bear brunt, but CEO remains positive amidst market challenges. Shares rise despite recent decline.