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Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. The company’s stock was up 10% at 12:17 p.m. in London. Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in … Read more
The Pentagon announced on Tuesday that the first components of a U.S. missile defense system aimed at protecting Israel from attacks by Iran have arrived in the Middle East and that it will be “fully operational” soon. Pentagon Press Secretary Maj. Gen. Pat Ryder said on Monday, “an advance team of U.S. military personnel and … Read more
Crude oil futures fell more than 4% on Tuesday, as a looming global oil surplus next year overshadowed the risk of a supply disruption from the conflict between Israel and Iran. Oil prices spiked earlier this month after Iran hit Israel with a ballistic missile attack, raising fears that Israel would respond by targeting the … Read more
Getty Images A member of the chart-topping K-pop group NewJeans has tearfully testified to South Korean lawmakers as part of an enquiry into workplace harassment. Hanni, who is 20 years old, alleged that the entertainment agency Hybe had deliberately undermined her band, and accused senior managers of deliberately ignoring her. Following multiple incidents, she said, … Read more
One person was killed and four others were injured in a shooting near Ashdod, Israel, that has now been deemed a terrorist attack Tuesday. Authorities say an assailant opened fire on a police officer in the area before turning his weapons on civilians. The police officer died of his wounds while being transported to a … Read more
Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate The bank said Tuesday that net income fell 12% … Read more
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Prague is to ban night-time pub crawls organised by travel agencies, in a bid to deter rowdy tourists from visiting and attracting more “refined” visitors instead. The Czech capital’s authorities say organised pub crawls – often aimed at foreign stag and hen dos – will be banned between 22:00 and 06:00 local time (21:00-05:00 BST). … Read more
Watch: Al Pacino on near-death, The Godfather and his phone case The Godfather has never been a godfather. At least, he is pretty sure that is the case. One of the biggest film stars of all time, Al Pacino is sitting in a suite in a Beverly Hills hotel, looking surprised at the idea that … Read more