Economy

Chocolate bars on display.Orlando, Winter Park, Rocket Fizz Soda Pop & Candy Shop, chocolate bar display, Milky Way and Snickers. (Photo by: Jeff Greenberg/Education Images/Universal Images Group via Getty Images)Prices for sugar spiked as rising demand was compounded by a deteriorating weather outlook — and analysts say there’s still room for prices to shoot higher.Raw… […]

Apple’s first physical retail store is located in the populous city of Mumbai.Punit Paranjpe | Afp | Getty ImagesFor years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India.Still, analysts told CNBC the iPhone-maker’s… […]

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty ImagesShares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after… […]

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… […]

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… […]

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… […]

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… […]

A worker holds a bottle of Merck & Co.’s molnupiravir antiviral medication in a warehouse in Shoham, Israel, on Jan. 18, 2022.Bloomberg | Bloomberg | Getty ImagesA new study released Monday said Merck’s widely used antiviral Covid pill can cause mutations in the virus that occasionally spread to other people, raising questions about whether the… […]

Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018.Anthony Kwan | Bloomberg | Getty ImagesHong Kong-listed property stocks surged on Monday, leading gains on the Hang Seng Index and powering the… […]