Johnson & Johnson reporting quarterly sales well below Wall Street estimates, hurt by the stronger dollar and disappointing demand for some of its drugs.
The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry's trade association. The latest Global Wind Report, published Tuesday by the Global Wind Energy Council, explores the state of the global wind industry and the challenges it's facing in its expansion. The increase in wind installations “shows that the world is moving in the right direction in combating climate change,” the report said.
Defense Secretary Lloyd Austin spoke with China's national defense minister Tuesday morning, in the latest in a series of U.S. steps to improve communications with the Chinese military and reduce unsafe and aggressive incidents in the Indo-Pacific. It was the first time Austin has talked to Adm. Dong Jun and the first time he has spoken at length with any Chinese counterpart since November 2022. The call, which lasted a bit more than an hour, comes as Secretary of State Antony Blinken is expected to travel to China this month for talks.
Stocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
The U.S. ambassador to Japan urged Tokyo on Tuesday to take a greater role in developing, producing and supplying weapons “to enhance our collective security" amid conflict in Ukraine, Gaza and elsewhere. Ambassador Rahm Emanuel visited a Mitsubishi Heavy Industries' F-35 fighter jet factory and stressed the importance of stronger defense industry cooperation between the allies. The visit came after Prime Minister Fumio Kishida's trip to Washington, where he met with President Joe Biden and highlighted Japan's commitment to do more as a reliable partner, especially in defense cooperation.
Cancel culture leads to educational detriments that can harm democracy.
The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of the publication of the International Monetary Fund's World Economic Outlook (WEO) report on Tuesday. "China is another example where you see an economy that is operating below potential," Gou
China's economy expanded far more than expected in the first quarter of 2024, data showed Tuesday, but disappointing retail and industrial figures suggested leaders face severe headwinds to hit their annual growth target.Reflecting those difficulties, last month also saw a fall in property prices in China's major cities, data showed.
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company’s performance. UnitedHealth said earlier this year that a ransomware group had gained access to some of the systems of its Change Healthcare business, which provides technology used to submit and process insurance claims. UnitedHealth is still restoring several services from the February attack.
Israeli tanks pushed back into some areas of the northern Gaza Strip on Tuesday which they had left weeks ago, while warplanes conducted air strikes on Rafah, the Palestinians' last refuge in the south of the territory, killing and wounding several people, medics and residents said. Residents reported an internet outage in the areas of Beit Hanoun and Jabalia in northern Gaza. Tanks advanced into Beit Hanoun and surrounded some schools where displaced families have taken refuge, said the residents and media outlets of the militant Palestinian group Hamas.
Chip startup Rivos said on Tuesday it raised $250 million in a funding round that will enable it to manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing, and Nvidia gobbled up more than 80% market share of AI chips in 2023.
The global economy is set for another year of slow but steady growth, the International Monetary Fund said on Tuesday, with U.S. strength pushing world output through headwinds from lingering high inflation, weak demand in China and Europe, and spillovers from two regional wars. The IMF forecast global real GDP growth of 3.2% for 2024 and 2025 - the same rate as in 2023. The 2024 forecast was revised upward by 0.1 percentage point from the previous World Economic Outlook's estimate in January, largely due to a significant upward revision in the U.S. outlook.
Day 1 of Trump’s criminal trial featured haggling over what salacious evidence could be shown to the jury — which could take days or even weeks to be seated.
A Muslim student who wanted to pray during lunchtime lost a court fight Tuesday against a strict London school that had banned prayer on campus. “She knew that the school is secular and her own evidence is that her mother wished her to go there because it was known to be strict," Justice Thomas Linden wrote in an 83-page ruling. The fight was over a rule put in place last year by the Michaela Community School after a small group of students who began praying in the schoolyard caused divisions at the school that spread to the community and led to a bomb threat.
U.S. Patent and Trademark Office Director Kathi Vidal said on Tuesday that intellectual property rights (IPR) continue to be a main concern for U.S. businesses in China, and they face significant challenges with infringement. "Whether it's insufficient deterrence for infringement, challenges to pharmaceutical related patents, or the misappropriation of trade secrets, intellectual property rights protection and enforcement remain a key issue of concern in the U.S.-China bilateral relationship," Vidal said at an event with attendees from the U.S. business community and legal fields in Beijing. Vidal said the issue harms U.S. firms and workers, and that it is a concern not just held by U.S. companies, but by other nations as well.
North Korea is putting surveillance cameras in schools and workplaces and collecting fingerprints, photographs and other biometric information from its citizens in a technology-driven push to monitor its population even more closely, a report said Tuesday. The state's growing use of digital surveillance tools, which combine equipment imported from China with domestically developed software, threatens to erase many of the small spaces North Koreans have left to engage in private business activities, access foreign media and secretly criticize their government, the researchers wrote.
Ozempic being used as a treatment for eating disorders is a faulty short-term solution for a much bigger problem.
The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. The IMF now envisions 3.2% worldwide expansion this year, up a tick from the 3.1% it had predicted in January and matching 2023's pace. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong growth in the United States, the world's largest economy.
Jury selection is expected to continue Tuesday morning in the case of the People of the State of New York v. Donald Trump — the first criminal trial of a former president ever.
As the USS George Washington reeled from a spate of suicides two years ago, Navy leaders reacted with anger and denial while discussing news coverage of the deaths and whether to promote the sailors posthumously, according to emails obtained by NBC News.
The Supreme Court weighs whether Jan. 6 rioters can be charged with obstructing an official proceeding, which could bear on Trump's election interference case.
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