The Eli Lilly logo is shown on one of the company’s offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly on Thursday hiked its 2025 guidance and posted second-quarter earnings that topped estimates on strong demand for its blockbuster weight loss and diabetes drugs.The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion, from a previous outlook of $58 billion to $61 billion on underlying strength across its business. The pharmaceutical giant also expects its adjusted fiscal 2025 earnings to come in between $21.75 to $23, up from a previous guidance of $20.78…
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Caterpillar’s recent run higher is unsustainable and investors should steer clear of the stock as tariffs hit the business, according to Morgan Stanley. Morgan Stanley downgraded the construction and engineering equipment maker to underweight from equal weight in a Thursday note. It did raise its price target to $350 per share price from $283, though that still calls for more than 19% downside from Wednesday’s close. Analyst Angel Castillo said that while shares have surged more than 50% from their April lows, both profitability and broader fundamentals have not kept pace, which he said points to potential “negative earnings revision…
Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesThe Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a “gradual and careful” approach to lowering interest rates.The BOE was widely expected to trim rates by 25 basis points at its latest monetary policy meeting, but traders and economists were keen to see the breakdown of support for the decision among the bank’s policymakers.As it turned out on…
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025.Andrew Caballero-Reynolds | Afp | Getty ImagesIndia’s stock market showed little sign of panic a day after the U.S. announced a 50% tariff on goods from the country and threatened secondary sanctions over its continued oil trade with Russia.The Sensex, the benchmark index for India’s blue-chip stocks, was down 0.8% as of 1:50 p.m. Mumbai time (4:20 a.m. ET) on August 7.From bureaucrats to businesses, there’s a broad consensus in India that…
A Rolls Royce driving past the entrance of the Jaeger-LeCoultre boutique on Rue du Rhône on August 2, 2025 in Geneva, Switzerland.Robert Hradil | Getty Images News | Getty ImagesBusiness leaders are scrambling to get their head around a new era of tariff complexity.The bemused mood among European chief executives on Thursday came as U.S. President Donald Trump sought to reshape the global trading system in America’s favor.The Trump administration slapped higher tariff rates of between 10% to 50% on dozens of trading partners just after midnight ET, following months of delays and extensions.As of Thursday, most imports into the…
Drazen Zigic | Istock | Getty ImagesA measure in President Donald Trump’s “big beautiful bill” that caps federal student loans could make it harder for medical students to finance their education or force them to abandon their medical school plans, experts say.Starting next year, the legislation caps the amount of federal loans students can borrow for graduate school at $100,000 over a lifetime — and sets a lifetime loan limit of $200,000 for professional programs, such as medical, dental or law school. Grad PLUS loans will also be eliminated entirely. Those changes go into effect for new borrowers on July 1, 2026.Some experts say the…
new video loaded: How a Pro-Palestinian Group Got Banned in BritainBy Lizzie Dearden, Laura Bult, David Seekamp, David Jouppi and Melanie Bencosme•August 7, 2025Palestine Action, a pro-Palestinian group known for its direct action, was banned as a terrorism group under British law. The decision followed a break-in by the group at Britain’s largest air base, causing a political scandal. Lizzie Dearden, a security reporter, explains how this has large stakes for the legacy of direct action in protest movements in Britain.Recent episodes in Terrorism and AttacksShow more videos from Terrorism and Attacks Source link
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2025. Jeenah Moon | ReutersStock futures rose early Thursday as traders mulled over President Donald Trump’s announcement of a new steep tariff on imports of semiconductors and chips.Futures tied to the Dow Jones Industrial Average added 109 points, or 0.25%. S&P 500 futures and Nasdaq 100 futures advanced 0.48% and 0.51% respectively.Trump announced late Wednesday that there would be a 100% tariff on imported chips, but not for companies that are “building in the United States.”News of the levy comes after…
US President Donald Trump speaks with the press as he meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | AFP | Getty Images India’s set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That’s now among the highest duties on any of the U.S.’ trading partners.New Delhi responded swiftly in a statement Wednesday, describing the U.S.’ decision to raise tariffs as “unfair, unjustified and unreasonable,” and that…
Key PointsMeta is well-positioned to be a key player in AI across our devices as chatbots become more personalized and advanced, according to one fund manager.Access to data of 3.48 billion usesr across its family of apps such as Facebook and Instagram could be a key advantage.However, Meta doesn’t own an operating system like Google or Apple does, which could be a challenge.Apple and Alphabet ‘s Google are often seen as the potential big players in a world where people interact with advanced AI assistant on their phones and other devices — especially as the technology gets more personalized. But there’s another name that’s…
