Browsing: Business

HSBC Holdings reported a steeper-than-expected decline in first-half earnings, with pretax profit falling 26% to $15.8 billion, missing analysts’ forecast of $16.5 billion. The drop was driven by a $2.1 billion impairment on its stake in China’s Bank of Communications

Shares in Adidas fell by 6% on Wednesday after the German sportswear company warned that new U.S. tariffs will significantly raise its costs and potentially lead to price increases for consumers in the American market. The company reported that tariffs

Shares of Danish pharmaceutical company Novo Nordisk fell sharply by 20% on Tuesday after the company cut its full-year sales and profit outlook and named a new chief executive officer. The market reaction came amid ongoing challenges in the U.S.

Boeing significantly narrowed its quarterly losses and posted stronger-than-expected revenue, marking a notable step forward in the aerospace manufacturer’s ongoing recovery efforts. The company reported a net loss of $176 million for the second quarter ending June 30, a sharp

Barclays reported second-quarter earnings that exceeded analyst expectations, supported by a strong performance in trading amid increased market volatility. The British lender posted a pre-tax profit of £2.5 billion ($3.34 billion) for the quarter ending June 2025, above the £2.23

A newly released global trade simulation forecasts a dramatic contraction in Chinese exports to the United States, projecting a decline of $485 billion by 2027. The data, derived from the Observatory of Economic Complexity’s tariff simulator, is based on current

Shares of leading liquefied natural gas companies surged on Monday following the European Union’s announcement of a $750 billion agreement to import U.S. energy products. The deal, described by European Commission President Ursula von der Leyen as a strategic move

U.S. home prices climbed to a record high in June 2025, even as overall market activity continued to slow. The median price for an existing home rose to $435,300, surpassing the previous record set one year earlier. Despite this increase,

The National Aeronautics and Space Administration (NASA) confirmed on Saturday that it will reduce its workforce by approximately 20 percent, marking one of the most significant internal restructurings in the agency’s recent history. The move is intended to improve organizational

Global auction sales fell by 6% in the first half of 2025, continuing a three-year downward trend and sparking concerns of a broader structural shift in the art market. According to a mid-year report from ArtTactic, combined auction sales at