Puig Shares Jump on Debut

Shares of Jean Paul Gaultier owner Puig rose sharply above the listing price on their trading debut in Spain after the world's biggest initial public offering so far this year. 


 
Apple Buys Itself Some Time for an AI Boost

Raised share buybacks helped buttress weak iPhone sales, but Apple will need to make its own AI play clear soon. 


 
iPhone's Steady Evolution Is Costing Apple in China

A fall in Apple's sales in China shows that some consumers there no longer see Apple's flagship product as the most advanced in technology. 


 
Amgen Stock Jumps on Obesity Drug Optimism. What Comes Next.

The company is trying to carve a niche in a rapidly growing obesity-drug market that's currently dominated by Eli Lilly and Novo Nordisk. 


 
HSBC's Green Credentials Come Under Fresh Scrutiny

Activist shareholders are pressing the Asia-focused bank to clarify plans to spend up to $1 trillion on sustainable finance in the coming years. 


 
Boeing's Latest Trouble Is a Jet Part Caught Up in Russia Sanctions

The plane maker can't deliver enough 787 Dreamliners after sanctions disrupted production of heat exchangers. 


 
Societe Generale Shares Climb on Above-Forecast First Quarter

Societe Generale's results were better than expected at the revenue and underlying profit levels and showed early recovery signs in French retail banking, analysts said. 


 
Daimler Truck Targets Unchanged After Earnings Beat

Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing. 


 
Credit Agricole to Meet Targets Early

Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year. 


 
TikTok Tells Advertisers It Won't Back Down as U.S. Ban Looms

TikTok told advertising executives that it would fight the looming U.S. ban of its app in court, aiming to assuage the concerns of an industry that largely overlooks lawmakers' data security concerns in its bid to reach consumers online.


(END) Dow Jones Newswires

05-03-24 0715ET