NBIM Emerges as Key Player in American IPOs
Norway’s Norges Bank Investment Management (NBIM), a colossal $1.4 trillion sovereign wealth fund, has emerged as a pivotal force driving a paradigm shift in the
Home
Page 204
Clorox Grapples with First-Quarter Loss Following Cyberattack
Clorox, the prominent U.S. cleaning product manufacturer, disclosed on Wednesday that it is likely to report a first-quarter financial loss as a result of a
Gasoline Prices Decline with Falling Oil
Gasoline prices are showing a notable retreat from their 2023 peak last month, in tandem with a cooling off of crude oil prices. Tom Kloza,
Concerns Mount Over Deceptive AI-Generated Political Ads
The surge in deepfakes, artificially generated media, has ignited concerns among lawmakers as the 2024 U.S. Presidential Election looms. Celebrities, U.S. Senators, and even religious
Alstom SA Considers Asset Sale Amid Financial Challenges
Alstom SA, a pioneer in sustainable mobility solutions, is actively considering an asset sale, as indicated by its Chief Financial Officer, Bernard Delpit. This revelation
BlackBerry Divides: IoT and Cybersecurity Units for Growth
Canadian technology company BlackBerry disclosed on Wednesday its intention to segregate its business operations into two distinct units, namely Internet of Things (IoT) and cybersecurity.
Constellation Brands Upgrades Annual Profit Outlook
Constellation Brands, a leading producer of beers and spirits, announced an upward revision of its annual profit target on Thursday, citing robust demand and increased
Belgian Authorities Probe Presence of Alibaba Group
Belgian authorities are intensifying their scrutiny of China’s Alibaba Group Holding (BABA) amid concerns about potential security risks associated with the e-commerce giant’s operations at
Rivian Shares Plummet 11% After $1.5B Bond Offering
Rivian, headquartered in Irvine, California, experienced an 11% plummet in shares on Thursday morning, subsequent to their announcement of a $1.5 billion convertible debt offering
Ozempic and Wegovy Influence Walmart Shopping Trends
Walmart has reported a discernible shift in shopping behavior linked to the use of appetite-suppressing medications, including diabetes drug Ozempic and Wegovy. John Furner,
