(Reuters) -A U.S. judge ruled in favor of Israel’s Teva Pharmaceutical Industries in a patent infringement lawsuit brought by Corcept Therapeutics, sparking a frenzied sell-off in shares of the California-based drug developer.…
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes fell for a fourth straight month in September as the housing market continued to buckle under the strain of higher mortgage rates.…
By Sruthi Shankar and Amruta Khandekar (Reuters) – European shares tumbled on Wednesday as nerves about soaring prices and rising interest rates were aggravated by inflation data from the United States, while…
Stocks Tumble On The Heels Of Another Disastrous Inflation Report John Hugh DeMastri on September 30, 2022 All three major stock indices ended the third quarter in a bear market after…
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) – Hong Kong’s two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts…
By David Randall NEW YORK (Reuters) – Sizzling inflation that helped send 2-year U.S. Treasury yields to fresh 14-year highs continued to burn some of the winners of the so-called pandemic bubble…
(Reuters) – U.S.- listed shares of Chinese companies fell on Tuesday over rising tensions between Beijing and Taiwan, while a Reuters report naming Alibaba among the first batch of firms to be…
By Ana Mano SAO PAULO – Investors dumped shares in Brazilian food processor BRF SA on Thursday after a wider-than-expected quarterly loss partly attributed by management to nonrecurring events. In mid-afternoon trading,…
By Noel Randewich (Reuters) – Shares of several major U.S. companies tumbled in extended trade on Wednesday following poor quarterly results and forecasts that underscored fears about a potential recession. Meta Platforms…
WASHINGTON – Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to reduce affordability for entry-level and first-time buyers.…
By Josh Ye HONG KONG – Internet and gaming giant NetEase delayed the rollout of its video game Diablo Immortal in China three days ahead of its official launch, a move that…
By David Randall NEW YORK – A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly 8% on Wednesday, putting it within 10%…
By Ana Mano SAO PAULO – Brazilian food processor BRF SA on Thursday attributed disappointing first-quarter results to a rise in costs and inflation in its domestic market, and vowed to boost…
(Reuters) – Nektar Therapeutics said on Thursday it had stopped all trials involving its key cancer drug following its failure in multiple studies, dragging the drug developer’s shares down 23% in after-market trading.…
COLOMBO – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high freight charges…
By Svea Herbst-Bayliss BOSTON -Hedge fund Starboard Value LP on Friday lost a fight to replace four directors at Huntsman Corp but shares of the U.S. specialty chemicals company tumbled in early…
– U.S. auto retail sales could decline in March as rising inflation hinders spending by customers already limited by slim inventories due to pandemic-led supply shortages, and now the Ukraine crisis, consultants…
WASHINGTON – U.S. mortgage applications plunged to their lowest level in more than two years last week as rising mortgage rates dampened demand for loans to purchase homes and refinancing activity, a…