Abbott Forecasts 2025 Profit in Line With Estimates
Strong Device Demand Offsets China and Currency Challenges
Abbott Laboratories (ABT) on Wednesday projected its 2025 profit to align with Wall Street estimates, citing strong...
South Africa’s Retail Sales Surge 7.7% in November
What Happened
Retail activity in South Africa continued its strong momentum, rising 7.7% year-over-year in November 2024, according to Statistics South Africa (Stats SA). This...
Apple Faces Downgrades Amid Weak iPhone Sales and AI Struggles
What Happened
Jefferies analyst Edison Lee downgraded Apple (AAPL) to Underperform, reducing the price target by 13% to $200.75, citing weak iPhone sales and lackluster...
Biden Issues Preemptive Pardons for Trump Critics and Family Members
What Happened
On his final day in office, President Joe Biden issued a sweeping set of preemptive pardons, shielding key critics of President-elect Donald Trump...
U.S. Stocks Dip as Investors Assess Earnings and Fed Rate Cut Outlook
Market Pulls Back After Strong Rally
U.S. stocks edged lower on Thursday, giving up some gains from the previous session as investors analyzed corporate earnings...
Russia’s Hidden War Financing Poses Economic Threat
Russia’s Shadow Economy Funds Military Spending
Russia is financing its record military spending through a hidden strategy that poses a major risk to its economy,...