The eurozone's services sector boosts activity, counteracting German growth slowdown. Despite manufacturing struggles, analysts remain cautiously optimistic about the region's economic prospects.
Frankfurt's Squaire complex seeks a second loan extension amid financial woes, while Investec's CEO challenges global banking regulations to create fairness for emerging markets.
Novo Nordisk and Eli Lilly aim to dominate the weight-loss drug market via direct employer partnerships, offering fixed-price medications to overcome traditional sales obstacles and rising obesity rates.
Congress investigates Jeffrey Epstein's financial ties, subpoenaing major banks and scrutinizing Harvard's connections, prompting widespread calls for transparency and accountability in Epstein's dealings.
Italy supports Spain's bid for Eurogroup leadership, amid a leadership reshuffle prompted by the resignation of Irish Finance Minister Donohoe, impacting eurozone governance.
Global credit market volatility leads to increased scrutiny of private credit firms' asset valuations. Industry faces rising defaults, regulatory oversight, and debates over systemic risk.
The European Parliament is advancing plans to phase out Russian oil and gas imports by 2027, amid geopolitical tensions and declining Russian exports due to sanctions.
India faces oil supply challenges as US sanctions on Russia continue. Reliance Industries halts Russian oil purchases, affecting energy security and global prices.
BlackRock restructures its equities team with key leadership departures, enhancing focus on AI and technology to boost returns amid a $185 billion stock strategy shift.
U.S. stocks rise on anticipation of Nvidia's earnings, while emerging markets and Bitcoin face declines, reflecting global economic uncertainty and AI sector influence.
Nvidia's upcoming earnings report crucially impacts investor confidence, amid skepticism over AI spending. A key tech barometer, Nvidia's performance may influence broader market trends.
AI stock highs face potential corrections as Algebris' Davide Serra warns of a bubble, with credit markets showing vulnerabilities amid unsustainable valuations in the tech sector.