What are the limits in the fight against obesity? Ozempic owner disappoints the market
Novo Nordisk, the largest European company by market capitalization, has achieved worse than expected results for its new slimming drug CagriSema
Major German companies mobilize to prevent populist support in European elections
An alliance of 30 large consortiums warned against the rise of extremist and racist groups. ‘We want more diversity, more openness and more tolerance for a society worth living in’
After 40 witnesses and 43 days of testimony, here’s what we learned at Trump’s civil fraud trial
The trial has offered fresh insight into Trump’s finances, his dealings with lenders, his aspiration to be an NFL owner, and some of the fuzzy math — mistaken or intentional — at issue in the case
Italy proposed a bank tax to help people with interest rate hikes. The move sent stocks plunging
UniCredit shares closed down nearly 6%, Intesa Sanpaolo fell more than 8.5%, Banco BPM dropped 9%, and BPER and Banca MPS both plummeted almost 11%
Retailers, beware: Resumption of student loan payments could lead some buyers to pull back
The suspension of federal student loan payments, which took effect at the height of the pandemic in 2020, expires late this summer
Deutsche Bank to pay $75 million to settle lawsuit from Epstein victims, lawyers say
The settlement stems from a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client
Banking panics in high gear: money flies in the age of apps and social media
Cases such as those of Silicon Valley Bank and Credit Suisse show how the sector is facing new risks, such as the speed of fund outflows or the viral spread of bad news and rumors
Doubts about Deutsche Bank drag European banks into a Black Friday on the stock market
Shares of Germany’s largest bank fell more than 10%, bringing concerns about the health of the financial system back to the forefront
Credit Suisse shares sink as global fears about banks grow
The turmoil prompted an automatic pause in trading of Credit Suisse’s shares on the Swiss market and sent shares of other European banks plunging
Retail sales jump as Americans defy inflation and rate hikes
Several factors likely helped propel last month’s spending