Author Salman Rushdie on a respirator after a stabbed stab in New York

Author Salman Rushdie on a respirator after a stabbed stab in New York

CHAUTAUQUA, NY (AP) – Salman Rushdie, whose novel “The Satanic Verses” was threatened with death by an Iranian leader in the 1980s, was stabbed in the neck and stomach with a knife on Friday by a man who burst onto the stage as the author was scheduled to give a lecture in western New York. … Read more

A crater of pharmaceutical stocks as investors prepare for court charges

A crater of pharmaceutical stocks as investors prepare for court charges

Shares of GlaxoSmithKline, Sanofi and Haleon sold out sharply this week, losing tens of billions in market value, amid investors’ fear of potential US lawsuits against the popular heartburn remedy Zantac. It’s been a known problem for years, but investor fears exploded this week in the run-up to the first legal action scheduled for August … Read more

Stock futures are flat on Thursday

Stock futures are flat on Thursday

Stock futures remained unchanged in overnight trading as the Dow Industrial Average and S&P 500 closed at a similar level after a short-term gain after another positive inflation report. Dow Jones-linked futures added 24 points or 0.07%, while the S&P 500 and Nasdaq 100 futures increased 0.1%. Rivian’s stock spun overnight after the electric vehicle … Read more

Kobe Bryant’s disaster photo lawsuit: photos shared with dozens of LA County employees, lawyer says in preliminary statements

Kobe Bryant’s disaster photo lawsuit: photos shared with dozens of LA County employees, lawyer says in preliminary statements

CNN – After the fatal helicopter crash in which Kobe Bryant, his daughter Gianna and seven others were killed, disturbing photos taken at the scene were shared with more than twenty Los Angeles County employees, NBA legend wife Vanessa’s wife lawyer said Wednesday in her lawsuit against the county over photos. Vanessa Bryant’s federal lawsuit … Read more

Dow futures rise following Wednesday’s market boom

Dow futures rise following Wednesday’s market boom

Dow futures were higher in overnight trading on Wednesday after all major averages surged sharply thanks to the better-than-expected July inflation report. Dow Jones-linked futures added 0.27% or 89 points, while the S&P 500 and Nasdaq 100 contracts increased by 0.26% and 0.38% respectively. Disney added 6.7% in late trade after releasing higher-than-expected subscriber numbers … Read more

Wendy’s, Coinbase, Buzzfeed and more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies that hit the headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in pre-market trading after a mixed quarter in which the restaurant chain posted better-than-expected profits while revenues were below Street forecasts. Sales of the same US restaurant rose 2.3%, less than analysts estimate as consumers spent more … Read more

Government bond yields take center stage as investors assess inflation data

Government bond yields take center stage as investors assess inflation data

Yields on long-term US government bonds did not change much on Wednesday as investors expected highly anticipated inflation data that could affect the pace of interest rate hikes by the Federal Reserve. The yield on the benchmark 10-year government bond increased by less than 1 basis point to 2.801%, while the yield on the 30-year … Read more

Stock futures unchanged as investors prepare for July’s inflation report

Stock futures unchanged as investors prepare for July’s inflation report

Stock futures changed slightly on Wednesday as investors awaited a key inflation report to be released on Wednesday. The Dow Jones Industrial Average futures were flat. The S&P 500 and Nasdaq 100 futures were slightly lower. The moves came after the S&P 500 and Nasdaq fell for the third day in a row on Tuesday. … Read more

Micron will invest $ 40 billion in US chip manufacturing

Micron will invest $ 40 billion in US chip manufacturing

Sanjay Mehrota, CEO, Micron Scott Mill | CNBC Micron announced on Tuesday that it would invest $ 40 billion by 2030 in US chip production. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said it will create up to 40,000 … Read more

A slowdown in the US, Europe and China could hurt Asian exporters: HSBC

A slowdown in the US, Europe and China could hurt Asian exporters: HSBC

Asian exporters will face major challenges as demand in major markets such as the US, Europe and China will slow in the coming months, according to chief Asian economist HSBC. Producers in Europe are already withdrawing, namely in Germany, Frederic Neumann told CNBC “Squawk Box Asia” on Monday. “Remember that Europe is the main export … Read more