Nasdaq short interest dips 0.9% in mid-July
Short interest on the Nasdaq fell 0.9% in mid-July, the exchange said late Tuesday. As of July 15, short interest dipped to about 13.058 billion…
Category: Business
Bristol Myers profit beats estimates on resilient Revlimid sales
Bristol Myers Squibb Co (BMY.N) on Wednesday reported bigger second-quarter profit than expected as sales of its blockbuster cancer drug Revlimid did not drop as…
Kraft Heinz profit margins squeezed by surging costs
Kraft Heinz Co (KHC.O) on Wednesday reported a bigger-than-expected fall in quarterly gross profit margins, pressured by surging transportation and raw material costs despite multiple…
Fund managers play the long game on inflation
Not convinced by central banks’ pledge to stamp on inflation, many investors are on the hunt for assets that will protect their portfolios from years…
Taiwan chipmaker UMC sees further growth for sector into 2023
Taiwanese chipmaker United Microelectronics Corp (UMC) (2303.TW) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and…
Mercedes-Benz bolsters supply chain as it braces for less gas
Mercedes-Benz (MBGn.DE) is boosting its supply chain by dealing directly with chipmakers and forming contingency plans to cut gas usage by up to 50% in…
Italian fizzy drinks risk falling flat as C02 runs short
Italian drinks companies are facing a shortage of the carbon dioxide (CO2) they need to put the fizz into their cans and bottles this summer…