Economy

Club holding Morgan Stanley (MS) reported better-than-expected first-quarter results on Wednesday, even as the stock came under pressure due to rising expenses. But the results, including stellar non-interest income, were impressive in a challenging economic environment. Revenue declined 2% year-over-year, to $14.52 billion, but outpaced analysts’ expectations of $13.92 billion, according to estimates compiled by… […]

In this aerial image, damage is seen at a Pfizer pharmaceutical factory after a tornado hit the facility two days earlier, in Rocky Mount, North Carolina, July 21, 2023.Sean Rayford | Getty ImagesPfizer on Monday said it has restarted most production lines at a drug manufacturing plant that was severely damaged by a tornado two… […]

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit Getty Images LISBON, Portugal — Tech CEOs in Europe are urging region al countries to take bolder action to tackle Big Tech’s dominance and counter reliance on the U.S. for […]

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud […]

Thailand’s same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country’s marriage equality law may increase tourism arrivals by 10%, netting the country an extra […]

A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 […]

JYP Entertainment’s boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The group’s activities has given its parent company a “dramatic rebound to profitability” The Chosunilbo Jns | Imazins | Getty Images K-pop businesses mostly continued to struggle in the third quarter of the year, with three of South Korea’s four […]

Florida Gov. Ron DeSantis, a Republican presidential candidate, left, and Democratic Gov. Gavin Newsom of CaliforniaReutersRepublican Gov. Ron DeSantis of Florida and Democratic Gov. Gavin Newsom of California are set to debate on Fox News in November in what is being billed as a clash of America’s two dominant and starkly divided political philosophies.The 90-minute… […]

Spotify CEO Daniel Ek joins author and comedian Trevor Noah to discuss the future of storytelling at Spotify Beach in Cannes, France, on June 20, 2023.David M. Benett | Getty Images Entertainment | Getty ImagesSpotify on Monday announced a new artificial intelligence-powered feature that can translate podcasts into different languages using the host’s own voice.The… […]

Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa.Daniel Acker | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Alcoa — Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed… […]