Adidas shares rise 6% after first-quarter profit hike, improved outlook
Shares of Adidas jumped on Wednesday after the company raised its full-year guidance and reported a first-quarter profit hike, according to preliminary figures.
Financial News
U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says
Altaf Kassam told CNBC that classic monetary policy mechanisms had “broken.”
Apple CEO Tim Cook visits Vietnam — one of the iPhone giant’s most important manufacturing hubs
Apple has been looking to reduce its reliance on China for its product assembly, with India and Vietnam emerging as key locations.
Israel says 300 Iranian drones and missiles downed in ‘unprecedented’ overnight attack
U.S. President Joe Biden denounced the Iranian strike on Saturday as “unprecedented” and convened G7 leaders to respond to Iran’s “brazen attack.”
The West urges China to intervene with Iran amid fears of a direct attack on Israel
Iranian Supreme Leader Ayatollah Ali Khamenei said Israel “should be punished and will be punished” for the death of seven top Iranian officials in Damascus, Syria.
UK economy posts 0.1% growth in February in further sign of recession rebound
The U.K. economy fell into a recession last year but showed slight growth in January.
‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants
Switzerland’s new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.
Bernanke Review: How the former Fed boss could shake up the Bank of England
The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its policymaking.
‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year
The Fed is more likely to err on the side of caution given its past mistakes, says one chief economist.
Yellen says she won’t rule out possible tariffs on China’s green exports
U.S. Treasury Secretary Janet Yellen said “we need to keep everything on the table” when it comes to Chinese green energy exports.