Global equity markets rallied in the first quarter as expectations grew that the world's major central bank's were done with monetary policy tightening and would pivot to rate cuts, resulting in a jump in assets under management (AUM). The company's AUM jumped to $10.47 trillion in the first quarter, up 15% year-on-year, helped by rising markets and inflows. BlackRock registered $57 billion of total net inflows in the quarter, down from $110 billion a year earlier.
International Energy Agency says 17m vehicles will be sold this year, up more than 20% compared with 2023Electric and plug-in hybrid car sales will jump to a new global record in 2024 despite slowing growth in some markets, according to forecasts from the influential International Energy Agency (IEA).The Paris-based forecaster said that 17m battery electric vehicles and plug-in hybrid electric vehicles will be sold in 2024, up more than 20% compared with 2023. Continue reading
Stelara sales were flat at $2.45 billion in the first quarter and came in below expectations of $2.6 billion, according to LSEG data. J&J has struck deals to delay U.S. launches of close-copy versions of Stelara until 2025, a key patent for which expired last year. Analysts have said the delayed competition will make the drug a larger contributor for J&J's 2024 and 2025 revenue than previously anticipated.
Despite recent rains topping up reservoirs, an unusually warm winter has made water shortages worse and drought is a consequence of a bigger problem.
Apple, once the dominant player in the smartphone market, is now the third most popular brand on the mainland.
Among the top five smartphone brands in the report, Apple recorded the sharpest decline year on year.
General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
DETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. T
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a pause on companies doing deals and mergers. But as executives have adjusted to the new normal and interest rates appear to be heading lower, Goldman has benefitted from the change in attitude. The New...
Analysis of DWP data showed that while the highest number of claims in 2023 were made in urban areas, some leafy suburban commuter belt towns saw claims increase by more than a third.
Chubb Limited has reported first quarter net income of $2.14 billion, up 13.3 per cent from the comparative period last year, as consolidated net premiums written of $12.2 billion represented a 14.1 p
Positive Long-Term Outlook Amid Near-Term Macroeconomic Uncertainty SAN FRANCISCO, April 17, 2024 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the