Eurozone inflation falls below target for the first time in three years
Inflation in the eurozone has fallen below target for the first time in three years in data that reinforce the likelihood the European Central Bank will cut interest rates again later in October.
Supermodel Elle Macpherson sells her art-showcasing Miami mansion after 2 years on the market
Supermodel Elle Macpherson has sold her stunning Miami-area mansion at a massive discount after slashing the asking price twice, two years after first listing it. Macpherson sold the Coral Gables, Fla ...
'I will cripple you' - dockworker's union vows to shut down U.S. economy with strike
In a video posted by the dockworker's union last month, the ILA chief negotiator warned a dockworkers strike has the power to "cripple" the U.S. economy, by blocking the import of everything from cars ...
Southeast Asia PMI Data Signals First Drop in Factory Output in Three Years
"The region's manufacturing upturn has tapered, but is still in mild expansion," said Erica Tay, economist at Maybank Investment Banking Group, adding that it is too early to tell if the drop in ...
U.S. Futures Slip, European Stocks Mixed
In Europe, the Stoxx Europe 600 dropped 0.1% in morning trading. Covestro rose 3.5% and Worldline climbed 2.7%. On the other hand, Greggs PLC sunk 4.5%, and A.P. Moeller-Maersk B lost 2.3%. The FTSE ...
Peel Hunt Expects In-Line Performance as Slower Activity Dampens First-Half Growth
Peel Hunt expects its performance for fiscal 2025 to be in line with market expectations due to slowing activity in recent weeks following a stronger first half. The U.K. mid- and small-cap specialist ...
LVMH Sells Off-White Label to Brand Management Company — Update
LVMH sold luxury-streetwear brand Off-White to New York-based brand management company Bluestar Alliance for an undisclosed sum, three years after its first investment in the label founded by American ...
Pfizer to Receive 2.66 Billion Pounds From Haleon in Share Deal
Pfizer will receive around 2.66 billion pounds ($3.56 billion) in aggregate from Haleon from an offering and a share buyback. Goldman Sachs International said Tuesday that the pharmaceutical company ...
Partners Group to Sell Metering Company Techem to TPG, GIC in $7.5 Billion Deal
Partners Group said it is selling Techem in a deal that values the German metering company at around 6.7 billion euros ($7.46 billion). The Swiss private-equity firm said Tuesday that it agreed to ...
Stellantis Recalls Over 150,000 Plug-In Hybrid Jeeps Over Potential Fire Risk
Stellantis is recalling over 150,000 of its U.S. market plug-in hybrid Jeeps over a potential fire risk. The news comes a day after the company saw its shares plunge nearly 15% as it cut its full-year ...
LVMH Sells Off-White Label to Brand Management Company
LVMH has sold Off-White, the company that owns the Off-White luxury streetwear brand, to New York-based brand management company Bluestar Alliance. The terms of the deal were not disclosed, the ...
OpenAI to Receive $500 Million Investment From SoftBank, The Information Reports
---SoftBank's Vision Fund is set to pour half a billion dollars into OpenAI as part of a funding round that values the ChatGPT developer at $150 billion prior to the investment, The Information ...