Markets plunged for the sixth consecutive day on Thursday, with coronavirus fears shaving over 1,100 points off the Dow. Mohamed El-Erian, Allianz Chief Economic Adviser, joined The Final Round to discuss his outlook for this market.
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
Federal highway safety investigators want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company's Autopilot partially automated driving system. Investigators with the U.S. National Highway Traffic Safety Administration have concerns about whether the recall remedy worked because Tesla has reported 20 crashes since the remedy was sent out as an online software update in December. In a l etter to Tesla posted on the agency's website Tuesday, investigators wrote that they could not find a difference between warnings to the driver to pay attention before the recall and after the new software was sent out.
The Walt Disney Co. moved to a loss in its second quarter, hampered by restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well. While Disney said Tuesday that it foresees its streaming business softening in the current quarter due to its streaming service in India, Disney+Hotstar, it expects its combined streaming businesses to be profitable in the fourth quarter and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025.
The union head who represents university custodians accused Columbia of failing to protect workers from pro-Palestinian protesters.
In Indiana, open races for governor and Senate as well as some key House primaries are on tap Tuesday.
President Vladimir Putin vowed at a lavish inauguration on Tuesday to deliver victory to Russians, embarking on a record-breaking fifth term with more power than ever.In a video minutes before the inauguration, Navalny's widow Yulia Navalnaya described Putin as deceitful and said Russia was doomed to remain in a state of conflict so long as he remains in power.
As well as killing more than 34,000 people and causing catastrophic levels of hunger and injury, the seven-month war between Israel and Hamas has also caused massive material destruction in Gaza."The fastest rates of destruction were in the first two to three months of the bombardment", Scher told AFP. In Gaza City, home to some 600,000 people before the war, the situation is dire: almost three-quarters (74.3 percent) of its buildings have been damaged or destroyed.
Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit Suisse.Analysts surveyed by the Swiss financial newswire AWP had on average expected UBS to post a net profit of $637 million.
Since its spinoff from Johnson & Johnson in May last year, Kenvue has focused on its 15 priority brands to boost growth and said in February it would increase its advertising spending by 15%, or about $300 million, during the year. The self-care segment - which includes cough and cold medicine such as Tylenol and Benadryl - recorded $1.70 billion in net sales, up 3.5% year-on-year and above the average analyst estimate of $1.56 billion, according to LSEG data. Kenvue's skin health and beauty segment, consisting of brands including Neutrogena and Clean & Clear, recorded a 5% drop in first-quarter sales to $1.05 billion, but largely in line with estimates.
French President Emmanuel Macron on Tuesday was to host Chinese leader Xi Jinping at one of his beloved childhood haunts in the Pyrenees mountains, seeking to press a message to Beijing not to support Russia's war against Ukraine and to accept fairer trade.Macron, joined initially by EU Commission President Ursula von der Leyen, urged Xi not to allow the export of any technology that could be used by Russia in its invasion of Ukraine and asked Beijing to do all it could to end the war.
The FBI has laid out a detailed case showing why agents believe a Florida man is behind his estranged wife's disappearance from her apartment in Spain but gave no indication about what they think happened to her. Court documents released late Monday show that agents believe David Knezevich resembles the man wearing a motorcycle helmet who spray painted the security camera lens outside Ana Knezevich's Madrid apartment on Feb. 2. Spanish police say they have security video of the 36-year-old Fort Lauderdale business owner purchasing the same brand of paint and duct tape hours earlier.
Cambodia's former Prime Minister Hun Sen asked Myanmar's ruling general on Tuesday to allow him to speak to detained Nobel laureate Aung San Suu Kyi on a video call, a request he said the junta chief would consider. Suu Kyi, the figurehead of Myanmar's struggle against military rule, was arrested during a 2021 coup and has since been sentenced to 27 years in prison for a multitude of offences her allies say she did not commit. Hun Sen, who stepped down to make way for his son last year after nearly four decades in charge of Cambodia, spoke on Tuesday via video telephone call with Min Aung Hlaing, the general who led the coup against Suu Kyi's elected government.
Although the crackdown has eased since 2022, it has left a profoundly negative mark on the sector and state-business relations.
Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains.It added that the campaign will continue after the EU elections, with three eastern German states to vote for regional parliaments in September.
Disney will report its fiscal second quarter earnings before the bell on Tuesday. Here's what to expect.
A senior British lawmaker said on Tuesday China was probably behind a massive cyberattack on the names and banking details of UK armed forces personnel, prompting a furious denial by Beijing."Targeting the names of the payroll system and service personnel's bank details -- this does point to China because it can be as part of a plan, a strategy to see who might be coerced,", the ex-soldier and former chairman of a parliamentary defence committee, told BBC radio.
Iran and the United Nations' nuclear watchdog are still negotiating over how to implement a deal struck last year to expand inspections of the Islamic Republic's rapidly advancing atomic program, officials said Tuesday. The acknowledgment by the International Atomic Energy Agency's leader Rafael Mariano Grossi shows the challenges his inspectors face, years after the collapse of Tehran's nuclear deal with world powers and the wider tensions gripping the Mideast over the ongoing Israel-Hamas war. Grossi has already warned that Tehran has enough uranium enriched to near-weapons-grade levels to make “several” nuclear bombs if it chose to do so.
The Czech Republic’s highest court on Tuesday ruled to dismiss part of a law requiring people to undergo gender-affirmation surgery, including sterilization, in order to officially change their gender. The Constitutional Court said the requirements are “unconstitutional” and “in conflict with the fundamental right of trans people to have protected their physical integrity and personal autonomy in connection with their human dignity.” The court ruled at the request of a person who was seeking a gender change.
A 49-year-old pleaded not guilty to charges of murder and attempted murder by poisoning of her ex-husband and his relatives. Here’s what to know about the case.
Prosecutors in Donald Trump's criminal trial are expected to call more witnesses on Tuesday as they build out their argument that he was responsible for illegally covering up a hush money payment to a porn star in the run-up to the 2016 election. Prosecutors have shown the former president's signature was on payments at the heart of the case. Over the next two weeks they aim to demonstrate that Trump, running again for president, was responsible then for an illegal cover-up.
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