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.
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.
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.