Category: Latest News
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Tencent Music Shares Gain Over 2% After Beating Q3 Profit and Revenue Estimates
Tencent Music Entertainment Group (NYSE:TME) posted third-quarter earnings that topped market forecasts, supported by strong growth in its online music segment. Shares of the company rose 2.41% in pre-market trading following the announcement. The Chinese music streaming giant reported adjusted earnings per ADS of RMB1.54 ($0.22), narrowly beating analyst expectations of RMB1.52. Total revenue climbed…
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Eli Lilly Cuts Ties with CVS as Employee Pharmacy Provider After Weight-Loss Drug Snub: Report
Eli Lilly (NYSE:LLY) has decided to end its partnership with CVS Health (NYSE:CVS) as the pharmacy benefits provider for its U.S. employees, following CVS’s decision to drop coverage of Lilly’s weight-loss medication in favor of a rival treatment from Novo Nordisk (NYSE:NVO), Bloomberg News reported Tuesday. According to documents reviewed by Bloomberg, the change will…
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OIV: Climate Extremes Keep Global Wine Output Below Average for Third Year
Global wine production showed a mild recovery in 2025 but stayed below the long-term average for the third consecutive year as vineyards worldwide continued to battle erratic climate conditions, according to the International Organization of Vine and Wine (OIV). Preliminary figures from the OIV estimate global wine output at 232 million hectolitres (mhl), a 3%…
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IEA: Oil and Gas Demand Likely to Rise Through 2050, Putting Climate Goals Out of Reach
Global demand for oil and gas is expected to keep growing until 2050, according to the International Energy Agency (IEA), signaling a dramatic reversal from earlier forecasts that anticipated a swift global shift toward renewable energy. The agency’s latest assessment warns that the world is unlikely to meet its climate targets under existing policy frameworks.…
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Dollar Edges Up as Traders Await U.S. Shutdown Resolution and Fed Signals
The U.S. dollar rose slightly on Wednesday, steadying amid muted trading as investors anticipated the formal end of the country’s longest-ever government shutdown. With volatility subdued, markets turned their focus to the Federal Reserve’s upcoming policy meeting and key labor market data expected once the government reopens. At 04:40 ET (09:40 GMT), the Dollar Index,…
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Gold Prices Slip as Traders Balance U.S. Shutdown Hopes and Fed Uncertainty
Gold prices edged lower in Asian trading on Wednesday, easing after a two-day climb as renewed optimism over the possible reopening of the U.S. government encouraged risk-taking and strengthened the dollar. Investors also turned cautious amid growing uncertainty about the Federal Reserve’s next rate decision. By 23:42 ET (04:42 GMT), spot gold was down 0.5%…
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Crude Prices Slip as Markets Await U.S. Shutdown Resolution
Oil prices edged lower in early Asian trading on Wednesday, as optimism about an imminent U.S. government reopening was tempered by lingering worries over global oversupply and a stronger dollar. Traders remained cautious, with the market struggling to find direction amid conflicting signals from supply and demand trends. As of 20:21 ET (01:21 GMT), Brent…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise as House Vote to End Shutdown Nears; Cisco and Chevron in Focus
U.S. stock futures edged higher on Wednesday, with markets awaiting a key vote in the House of Representatives to end the government shutdown that has stretched beyond 40 days. Republican lawmakers, who control the chamber, expressed confidence that the funding bill will pass after receiving Senate approval earlier this week. If the measure succeeds, it…
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Wall Street Ends Mixed On Tuesday
Following the rally seen to start the week, the major U.S. stock indexes moved in starkly opposite directions during trading on Tuesday. While the Dow extended the strong upward move seen on Monday and the S&P 500 (SPI:SP500) recovered from early weakness, the tech-heavy NASDAQ has slipped back to the downside. The Dow jumped 559.33…
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Papa John’s shares slide after buyout report vanishes from news site
Shares of Papa John’s International (NASDAQ:PZZA) fell 6% on Tuesday after a report alleging that the pizza chain was close to being acquired in a take-private deal abruptly disappeared from ABC Money’s website. The company’s stock had soared nearly 19% on Monday after ABC Money UK published an article claiming that TriArtisan Capital Advisors was…