American tech giant IBM is shutting down most of its research and development efforts in China, joining the growing list of US companies pulling back from the world’s second-largest economy
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As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting businesses such as Disney theme parks and Hilton Hotels. The warnings in
Bill Ackman’s fundraising target for his US investment fund Pershing Square USA has been slashed by up to 90 percent, falling well short of his initial target of 25bn. In
Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped
Informa agreed to purchase the rival event specialist Ascential, for £1.16 billion. This deal has given a boost to the City’s dealmaking. Ascential’s board has approved the cash offer of
Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month. The chancellor plans to visit New York early in August
The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a key technology provider and early shareholder three months ago. The New
Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate. Nvidia shares dropped
The co-founders from Silicon Valley’s largest venture capital firm announced that they support Donald Trump in his bid for reelection and will make large donations to further back him. Ben
Semiconductor stock prices fell on Wednesday, after Donald Trump, the former US President said that Taiwan should be responsible for its own defense and reported reports suggested that the US
The gold price reached a new record on Tuesday, as the prospect of Federal Reserve rate cuts and a Donald Trump second term in office provided a double boost for
Goldman Sachs’ profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated.
A US judge dismissed a criminal charge against Donald Trump for his handling of classified documents. This is a significant legal victory for the ex-president, just days after he escaped
The pound rose to its highest value against the dollar since almost a full year after the UK’s economy grew faster than expected in May, while US inflation was lower
Marine Le Pen’s high-spending policy will be funded by debt, according to the president of the European Central Bank. Christine Lagarde, who won the first round of France’s snap elections
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further
