Marvell Q2: Buying This Dip Looks Premature

Novo shares fell as much as 7% on Monday after the company laid out new growth ambitions to revive its fortunes in the booming obesity drug market. The Danish company seeks to convince investors it can compete in an increasingly crowded field it helped pioneer. The company said it aims to launch more than five…

Fashion firm Zara is more than doubling its footprint at a Southern California shopping center. The clothing retailer is expanding from 22,000 square feet to a 45,000-square-foot flagship opening next year at Macerich’s 1.3 million-square-foot Los Cerritos Center in southeast Los Angeles County. Zara’s existing store will remain open during construction. SEE ALSO: Conduct AI…

An equipment outage on Monday delayed hundreds of flights bound for Newark, New Jersey, and Philadelphia and forced close to 70 planes to divert to other airports. As of 1 p.m. ET, the disruptions had spread to New York City, where flights into LaGuardia Airport and John F. Kennedy International Airport were also halted by…

Iran and Oman Finalize Hormuz Shipping Lane Deal as US Conditions Loom By Nayera Abdallah, Steve Holland and Enas Alashray Strait of Hormuz Agreement and Geopolitical Implications Deal Progress and US Preconditions DUBAI/WASHINGTON/CAIRO, Aug 9 (Reuters) – Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz…

US Treasury Intervention Spurs Global Bond Recovery, Lifts Stocks Worldwide Market Reactions to US Treasury Actions and Global Financial Impact By Rae Wee US Treasury Steps In to Stabilize Bond Markets SINGAPORE, Aug 20 (Reuters) – Global bonds rebounded on Thursday after the U.S. Treasury stepped in to stem a rout in its debt market,…