Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
Eli Lilly on Thursday reported first-quarter earnings and revenue that blew past estimates and hiked its full-year sales outlook by $2 billion, as demand for its blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro spiked again. The pharmaceutical giant now expects 2026 revenue to come in between $82 billion and $85 billion, up from…
US stocks are set for their best month since the coronavirus pandemic, as strong earnings and plans for further huge spending on AI persuade investors to shrug off concerns over the fallout from the US-Iran war. The S&P 500 has climbed almost 10 per cent in April — its biggest monthly jump since the November…
A.O. Smith Corp’s stock recently reached a 52-week low, touching $61.99, with shares currently trading at $62.08—just above that floor. This milestone reflects a challenging period for the company, as the stock has experienced a 1-year decline of 4.7%. Yet InvestingPro data suggests the stock may be undervalued, with a Fair Value indicating potential upside,…
The American economy extended a streak of resilience and expanded at an annual rate of 2 percent in the first three months of the year, even as global energy prices surged in the first weeks of war with Iran. The data from the Commerce Department offered the first official snapshot of how the U.S. economy…
Soldiers of the U.S. Army V Corps salute during a color casing ceremony to mark the departure of V Corps headquarters from Europe on May 10, 2012 at the U.S. Army base in Wiesbaden, Germany. Ralph Orlowski | Getty Images News | Getty Images The U.S. is considering reducing the number of troops it has…
A Senate committee examining potential abuses of a lucrative Puerto Rico tax break by wealthy Americans is asking the Internal Revenue Service to investigate the role played by two prominent lawyers who advised on several of the transactions, according to a letter reviewed by The New York Times. The request is part of an investigation…
Stay informed with free updates Simply sign up to the Energy crisis myFT Digest — delivered directly to your inbox. There is nothing good about the energy shock stemming from the closure of the Strait of Hormuz. Higher prices for fuel, gas and electricity are needed to reduce demand to the point it balances lower…
Oil prices pushed higher on Thursday, hitting a new wartime high, as President Trump continued to assert that the naval blockade of Iran’s ports will persist until Tehran gives up its nuclear program. Mr. Trump’s remarks to Axios suggested that the standoff over the Strait of Hormuz, the vital trading route for oil and natural…
The Samsung exhibition stand features the prominent ”A new era of mobile agentic AI” slogan by the South Korean company Samsung Electronics. Joan Cros | Nurphoto | Getty Images Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts’ estimates on the explosive growth of…
Jerome H. Powell said on Wednesday that he would stay on as a governor at the Federal Reserve after his term as chair ends May 15, citing lingering legal threats against him and the central bank as part of a pressure campaign by President Trump for lower borrowing costs. “After my term as chair ends…
