Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 23, 2024.
Brendan McDermid | Reuters
U.S. stocks started Monday’s trading session little changed.
The Dow Jones Industrial Average ticked down 5 points, or 0.01%.
The S&P 500 and Nasdaq Composite added 0.07% and 0.28%, respectively.
— Hakyung Kim
Marc Allera, CEO of BT Consumer, discusses the company’s plans with EE, its 5G strategy and the future of cellphones.
Shares in meal delivery service Hellofresh were 10% lower in early afternoon trade, at the bottom of the Stoxx 600 index, after UBS slashed its target price on the stock.
The bank’s analysts highlighted risks to its 2024 guidance ahead of full-year results due next month, and a challenging U.S. market.
— Jenni Reid
Zealand Pharma share price.
Shares of Denmark’s Zealand Pharma were up 32% at 11 a.m. London time after the company posted promising results from a trial of a liver disease treatment that has been touted as a potential competitor in the booming weight-loss drug market.
Analysts latched onto the drug’s possible efficacity in obesity research following the latest test results, which indicated the safety of the top dosage used in that trial.
Read the full story here.
— Jenni Reid
Investors seeking to protect their portfolio from the risk of inflation re-emerging in 2024 can pick up 3 “long-term defensive” stocks with good “inflation-linked” earnings, according to Freddie Lait, chief investment officer at Latitude Investment Management.
Lait, once a Goldman Sachs analyst, believes these stocks can grow 10-15% a year while acting as a hedge against inflation.
CNBC Pro subscribers can read more here.
— Ganesh Rao
The buzz around Nvidia shows no sign of abating, with the chip giant posting another quarter of multi-billion dollar revenue upside.
The company, which had already rocketed over 200% in 2023, rose 13% higher on the back of its earnings report. This year alone, it has risen around 58%, with Nvidia last closing around $785 on Thursday.
But just how far can Nvidia go? Here’s what analysts are saying. CNBC Pro also scoured through reports this week to list the latest price targets given to Nvidia by major Wall Street banks.
CNBC Pro subscribers can read more here.
— Weizhen Tan
European markets are set to open in positive territory Wednesday, building on gains seen since the start of the week.
The U.K.’s FTSE 100 index is expected to open 40 points higher at 8,084, Germany’s DAX up 60 points at 18,201, France’s CAC 20 points higher at 8,130 and Italy’s FTSE MIB up 206 points at 34,331, according to data from IG.
Earnings come from Orange, Air Liquide, Iberdrola, Roche and Heathrow. Data releases include Germany’s Ifo Institute’s survey on business conditions and expectations for April.
— Holly Ellyatt
By Helen Snowden-Smith This article addresses the escalating issue of employee stress and its economic impact, costing the UK economy £28 billion. It identif
A Waterford branding business won two major European awards recently as it looks to doubling its size in the next three year in the wake of recent client succes
FRANKFURT: Fashion group Esprit said Wednesday it has filed for bankruptcy of its European businesses, seeking to restructure the operations after they were hit
Nido, CA Ventures, MidOcean Energy, Neptune Energy, Knight Frank, Tikehau Capital, The RMR Group, LaSalle Investment Management, Landmark Properties,