Category: Latest News

Johnson & Johnson (NYSE:JNJ) revealed Thursday plans to invest $2 billion in expanding its manufacturing operations in North Carolina. The project will see a new facility of over 160,000 square feet built at FUJIFILM’s biopharmaceutical site in Holly Springs. The decade-long investment is expected to create around 120 new jobs and aligns with J&J’s strategy…

Coty (NYSE:COTY) saw its shares tumble more than 21% in premarket trading on Thursday after the company reported a surprise quarterly loss and flagged softer sales and profit in the first half (H1) of fiscal year 2026 (F26), with growth expected to resume later. The maker of CoverGirl and Gucci fragrances posted a fourth-quarter loss…

UBS sees promising potential in select emerging market currencies, even as the U.S. dollar has recently strengthened, according to a research note from the investment bank. The report notes that emerging market currencies have stalled in their advance since early July due to the dollar’s gains. Nevertheless, UBS maintains a positive outlook, pointing to anticipated…

Shares of MINISO Group Holding Limited (NYSE:MNSO) rose 2.4% on Thursday following the company’s release of second-quarter results, which significantly outperformed analyst expectations thanks to strong revenue gains and improved same-store performance. The company posted adjusted earnings per ADS of RMB2.24 ($0.31), surpassing the anticipated RMB1.75 by RMB0.49. Revenue reached RMB4.97 billion ($693.2 million), topping…

VNET Group, Inc. (NASDAQ:VNET) reported second-quarter results on Thursday that fell short of analyst forecasts, despite showing solid revenue growth, causing its shares to drop 3.5%. The company posted a loss of RMB0.06 per share for the quarter, missing the projected profit of RMB0.11 per share. Total revenue reached RMB2.43 billion ($339.8 million), surpassing the…

The U.S. dollar inched upward on Thursday, trading just below a one-week high as investors prepared for the Federal Reserve’s Jackson Hole symposium. By 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against six major currencies, was up 0.1% at 98.114, following a session-high on Wednesday—the strongest level since August 12. Fed…

Gold prices slipped in Thursday’s Asian session, pressured by hawkish signals from the Federal Reserve’s July meeting minutes, which reinforced uncertainty over the timing of U.S. interest rate cuts. Broader metal markets also pulled back, as the dollar maintained its recent strength and investors turned their attention to Fed Chair Jerome Powell’s upcoming speech at…

Oil extended its upward momentum in Asian markets on Thursday, lifted by a larger-than-expected decline in U.S. crude inventories, while traders monitored potential diplomatic developments between Russia and Ukraine. As of 21:52 ET (01:52 GMT), Brent crude for October delivery traded 0.5% higher at $67.20 per barrel, while West Texas Intermediate (WTI) rose 0.6% to…