As the United States gears up for a consequential presidential election, Capital Economics has provided insightful analysis that sheds light on the intricate relationship between electoral outcomes and market behavior. This week, their report underscored several critical themes as the race between Donald Trump and Kamala Harris intensifies. Despite a perceived momentum favoring Trump, particularly
Wall Street
In a recent interview, Novartis CEO Vas Narasimhan conveyed an optimistic outlook for the pharmaceutical giant, projecting a consistent annual sales growth of 5% or more through 2028. This ambitious target is grounded in the company’s robust product pipeline, which Narasimhan asserts will be bolstered by several drugs projected to generate multi-billion dollar revenues. Despite
As the Boeing Company grapples with significant challenges, both operationally and financially, a pivotal moment has emerged for its workforce. The ongoing strike initiated by approximately 33,000 factory workers on the U.S. West Coast has been a response to the company’s employment policies and pay structures, which have left many employees feeling undervalued. The International
Samsung Electronics, a titan in the electronics industry and the largest manufacturer of memory chips globally, reported a surge in its third-quarter profit compared to the previous year. However, this increase fails to convey a sense of robust recovery. The company’s financial performance has reflected a more tempered pace of growth compared to prior quarters,
In a groundbreaking development for the Indian automotive landscape, Japanese automaker Suzuki Motor Corporation’s local subsidiary, Maruti Suzuki, has announced its foray into the electric vehicle (EV) market through a partnership with fellow giant Toyota Motor Corporation. This collaboration signals a significant shift toward sustainable mobility as both companies aim to leverage their strengths in
In an unexpected turn of events, HSBC Holdings has reported stronger-than-anticipated earnings for the third quarter, showcasing resilience and adaptability in a challenging financial environment. The bank’s profit surged by 10%, reaching $8.5 billion, surpassing analysts’ expectations of $7.6 billion. This performance comes at a time when financial markets are rife with uncertainty, particularly with
In recent months, China’s private tutoring sector has begun to show signs of recovery from a crushing crackdown imposed by the government three years ago. This resurgence appears to be driven by a tacit shift in policy that aims to support economic growth and job creation, albeit without any formal announcement from the authorities. The
The complex relationship between the United States and Taiwan is entrenched in historical and political nuances that date back decades. Despite the absence of formal diplomatic relations due to the One-China policy, the U.S. is legally obligated to assist Taiwan in its self-defense capabilities. This obligation often creates friction with China, which sees Taiwan as
In July 2023, Delta Air Lines found itself grappling with a severe crisis that sent shockwaves through the aviation industry. The incident, which was instigated by a problematic software update from cybersecurity firm CrowdStrike, resulted in approximately 7,000 flight cancellations and left around 1.3 million travelers stranded. Delta’s subsequent lawsuit against CrowdStrike, filed in Fulton
In a stunning move that sent shockwaves through the Australian business landscape, WiseTech Global, a prominent logistics software company, witnessed an impressive surge in its stock price following the announcement of a significant leadership change. Richard White, the billionaire founder and CEO, has stepped down from his position amid personal controversies that have surfaced in