McDonald's Corporation has announced the acquisition of Carlyle's minority stake in the partnership that manages its business in China, Hong Kong, and Macau. The CITIC Consortium will maintain its controlling ownership stake, while McDonald's increases its stake to 48%. This move allows McDonald's to have a larger presence in the second-largest economy.
Lulu Retail Holdings is set to raise up to $1.43 billion in the UAE's largest IPO of the year, with shares selling out in just an hour.
Boeing is set to raise over $15 billion in capital to bolster its finances amidst ongoing operational challenges and a prolonged strike affecting production.
Eli Lilly has received approval from the Hong Kong government to launch its weight-loss drug, Mounjaro, by the end of the year. The drug, which also treats type 2 diabetes, will be available in the Kwikpen device.
Oil prices fell nearly $4 a barrel as Israel's strikes on Iran avoided key oil and nuclear sites, easing market fears of supply disruptions.
As AMD prepares to release its Q3 earnings, analysts and investors are closely watching the company's performance and future guidance, particularly in the AI chip market.
This week, the stock market faces significant events including tech earnings, jobs data, and the upcoming U.S. election, which could influence market volatility.
Oil prices are expected to fall as Israel's recent strikes on Iran avoided targeting oil infrastructure, easing geopolitical tensions and market uncertainties.
Google is developing an AI, code-named Project Jarvis, designed to take over web browsers to automate tasks like research and shopping. The AI will be powered by Google's upcoming Gemini large language model and is set to be previewed in December.
Eni and BP have resumed onshore drilling in Libya after a decade-long pause, marking a significant development in the region's energy sector.