Flavio Bolsonaro has said he wants the presidential results ‘annulled’ (Picture: Ton Molina/Getty Images)
READ MOREWith music and prayer, well-wishers gather outside Rome’s Gemelli Hospital as Pope Leo XIV recovers from surgery to remove a cancerous lung tumour. Doctors say the pontiff is walking, eating, and making normal progress after the procedure.
Russians head to the polls as tensions continue to rise on Nato border.
The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect a loss of $1.07 per share, while analysts polled by LSEG, formerly known as Refinitiv, expected 95 cents. Elsewhere, the company posted a narrower-than-expected loss for the fiscal fourth quarter, as well as revenue that came in ahead of expectations. Current-quarter revenue guidance is also higher than analysts anticipated.
AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on Friday.
Alcoa— Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed Roy Harvey as CEO and president. Oplinger also joined Alcoa’s board of directors, the company added.
Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture.
Pension plans for the largest U.S. companies are at their healthiest in more than a decade — and that’s largely good news for the workers who participate in such plans, said retirement experts.
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe’s outcome, the head of trade for the European bloc’s executive branch said Tuesday.
Markets fell further on Tuesday as investors grew increasingly fearful about the possibility of another US interest rate hike and the prospect of keeping rates elevated for an extended period to combat persistent inflation.
S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings , its largest asset, last week, as Reuters reported.
Several major mining firms have expressed keen interest in Barrick Gold Corp.'s huge copper project in Pakistan, along with Saudi Arabia, according to the company’s top executive.
Pakistan’s liquefied natural gas demand will nearly triple in five years as its production of domestic gas dwindles, Bloomberg reported.
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