Wall Street analysts are boosting US earnings forecasts even before results start rolling in, signaling that the worst of the profit slump is likely over as ebbing inflation eases the pressure on a broad swath of industries.
Ericsson’s nearly $3 billion writedown related to its biggest acquisition will ratchet up the pressure on the key architect of the deal, Chief Executive Officer Borje Ekholm.
Kia Corp. unveiled a compact electric sport-utility vehicle and two concept EVs as it builds out a range of cheaper models to appeal to budget-conscious drivers.
China has told its securities firms and their offshore units to stop conducting illicit cross-border business, including brokering shares and selling funds to domestic investors, in a bid to plug regulatory loopholes.
Israel Defense Forces said the country’s political leadership hasn’t yet decided on a ground invasion of Gaza, though the army is preparing for one. Earlier Thursday, Israeli jets hit key targets in Gaza after the nation vowed to wipe Hamas “off the face of the Earth” and the new unity government signaled a major land offensive.
Shares advanced before a report that’s expected to show a slowing in US inflation, which will help shape the outlook for the Federal Reserve’s next steps. A move by China’s sovereign wealth fund to buy shares of the country’s largest banks fueled further optimism.
Ericsson’s nearly $3 billion writedown related to its biggest acquisition will ratchet up the pressure on the key architect of the deal, Chief Executive Officer Borje Ekholm.
Israel’s ambassador to China called on Beijing to leverage its close relationship with Iran to rein in Hamas, saying the Asian giant needed to be engaged in talks around the conflict.
Tata Consultancy Services Ltd.’s second-quarter profit narrowly missed street estimates, underscoring how worries about an economic slowdown continue to curtail tech spending.
In a fiery start to Bloomberg’s inaugural Screentime conference, Hollywood superagent Ari Emanuel took shots at rival Creative Artists Agency, the leadership at Paramount Global and Fox Corp., and called on Israeli Prime Minister Benjamin Netanyahu to step down.
