Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers’ (UAW) strike against the “Detroit Three” and higher interest rates.
Eli Lilly and Co said on Wednesday that the head of its diabetes and obesity division, Mike Mason, will retire by the end of the year after more than three decades with the drugmaker.
A Seattle-based startup backed by some of the investors behind Beyond Meat is launching the world’s first beanless coffee this week as it bids to slash the environmental impact of the popular brew.
Futures tracking Wall Street’s main indexes were muted on Wednesday as investors awaited more data for clues on the state of the labor market, while a relentless rally in long-term U.S. Treasury yields kept markets on edge.
The Bank of Japan’s money market data showed on Wednesday that Japan likely did not intervene in the currency market a day earlier, as the current account balance was projected to be within market estimates.
The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy.
Sam Bankman-Fried’s trial on charges of stealing billions of dollars from customers of his now-bankrupt FTX cryptocurrency exchange is set to resume on Wednesday, with the judge aiming to finish selecting a jury and move on to opening statements.
