Home Depot on Tuesday posted a roughly 4% quarterly sales decline, as a sluggish real estate market and selective spending by homeowners continued to weigh on home improvement demand. The company also stuck by the current fiscal year forecast that it shared in December at an investor day. It said it expects full-year total sales…
The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, Feb. 4, 2026. Tom Little | Reuters Novo Nordisk on Tuesday said it plans to slash the monthly list prices of its popular obesity and diabetes drugs in the U.S. by up to 50% starting in 2027,…
Analysts attribute continued decline to investors’ concerns over macroeconomics and absence of any positive triggers KARACHI: Pakistan Stock Exchange (PSX) extended its negative momentum on Tuesday, with the benchmark index closing lower amid persistent selling pressure and cautious investor sentiment.X The market opened in the green and staged a brief early rally, pushing the benchmark…
A worker unloads packages from a FedEx truck on Cyber Monday in New York, US, on Monday, Dec. 1, 2025. Bess Adler | Bloomberg | Getty Images Federal Express on Monday sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed last year by President Donald…
A satellite image shows cars on fire along a coastal road in Puerto Vallarta, Jalisco, Mexico, Feb. 22, 2026, following the killing of drug lord Nemesio Oseguera, known as “El Mencho,” in a military operation. Vantor | Via Reuters American travel companies are scrambling to reroute cruise ships and take care of tourists to Mexico…
Smoke billows from burning vehicles amid a wave of violence, with torched vehicles and gunmen blocking highways in more than half a dozen states, following a military operation in which a government source said Mexican drug lord Nemesio Oseguera, known as “El Mencho,” was killed, in Puerto Vallarta, Jalisco, Mexico, February 22, 2026, in this…
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024. Shelby Knowles | Bloomberg | Getty Images Eli Lilly on Monday launched a new form of its blockbuster obesity drug, Zepbound, that offers a month’s worth of doses in a single pen. Cash-paying patients can…
The White House announced the “Tech Corps” initiative within the Peace Corps aimed at promoting American AI abroad and helping partner nations adopt cutting-edge systems. Handout As competition with China intensifies, Washington is turning to a cornerstone of American soft power and diplomacy to expand its global influence in artificial intelligence: the Peace Corps. The White…
Fiscal and monetary policies are closely aligned; fiscal discipline leading to fiscal space will reduce the pressure on government borrowing from commercial banks and the State Bank’s propensity to print money. Photo: file BRUSSELS: Debt and taxes are throttling Pakistan’s economy. Pakistan’s never ending fiscal profligacy is the underlying reason why we keep going in…
Despite judiciary restriction, structural changes in global trade by high tariffs are unlikely to be easily reversed ISLAMABAD: The anxiously awaited ruling of the US Supreme Court on Friday striking down the “reciprocal tariffs” represents a significant constitutional and political setback for President Trump. The tariffs, imposed under the Emergency Powers Act, had been central…