Europe’s green energy transition is stuck between a rock and a hard place. A flood of cheap Chinese solar panel imports is driving record solar energy installations. But those same imports are crushing Europe’s few local solar manufacturers.
Spirit AeroSystems on Tuesday postponed providing a forecast for 2024 after customer Boeing was barred from raising its 737 MAX production following a mid-air cabin panel blowout.
GE HealthCare forecast 2024 profit largely above Wall Street expectations and beat fourth-quarter profit estimates on strong demand for its imaging devices, sending the company’s shares up 2% before the bell on Tuesday.
Carrier Global beat Wall Street estimates for fourth-quarter profit on Tuesday, driven by robust demand for the company’s heating, ventilating and air conditioning (HVAC) products from commercial customers and aftermarket services.
Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition to management and transaction fees.
U.S. miner Piedmont Lithium said on Tuesday it recently completed a 27% reduction in its workforce as part of a cost-cutting plan, amid a decline in the price of lithium.
Eli Lilly forecast 2024 profit above Wall Street expectations on Tuesday on soaring demand for its weight-loss drug, and said the treatment helped reduce symptoms of a fatty liver disease in a mid-stage trial.
Blackstone , the world’s largest private equity firm, is partnering with BNP Paribas over a new fund financed by French individuals and aimed at investing in companies in private debt, the groups said in a joint statement on Tuesday.
U.S. stock index futures were subdued on Tuesday with big-ticket earnings on the radar, while investors looked ahead to commentary from Federal Reserve officials for further clues on the timing of the central bank’s first interest-rate cut.
