Hedge fund Shah Capital said on Monday it would withdraw its campaign against the re-election of three directors on Novavax’s board, after the COVID-19 vaccine maker struck a licensing deal with Sanofi .
Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers.
JPMorgan Chase on Monday raised its forecast for net interest income (NII), or the difference between what it makes on loans and pays out on deposits, to $91 billion, excluding the markets division.
Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations.
Alphabet-owned Google will invest a further 1 billion euros ($1.1 billion) into the expansion of its data centre campus in Finland to drive its artificial intelligence (AI) business growth in Europe, it said in a statement on Monday.
U.S. stock index futures edged higher on Monday, with Nvidia’s quarterly results and the Federal Reserve’s policy meeting minutes due this week likely to test Wall Street’s record-breaking run.
The U.S. auto safety regulator said on Monday it has opened a recall query into an estimated 51,500 Volkswagen America’s EVs over concerns of the vehicle door opening while driving.
China’s home prices will fall at a faster pace this year with worsening slumps in property investment and sales, a Reuters poll showed, a sombre reminder to policymakers as they redouble efforts to revive the crisis-hit property sector.
