JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has been downgraded by RBC Capital Markets as it views sportswear markets as "highly promotional", with lower-income consumers under pressure from the elevated cost of living. Cutting the rating to 'sector perform' from 'outperform', with a 100p...
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Style Box ETF report for IWD
Style Box ETF report for IWB
Meta Platforms (NASDAQ:META) has reduced the volume of IT services outsourced to Wipro Ltd (NYSE:WIT) by at least 25% after an artificial intelligence-driven reorganisation that resulted in the closure of its digital marketing division, according to a report from Mint. Wipro’s Revenue from Meta Expected to DeclineThe report, citing two people familiar with the matter, said Wipro now expects to generate approximately $75 million in annual revenue from Meta after the technology giant decided to br
As Sony moves away from game discs on PlayStation consoles, CFO Lin Tao found herself explaining the strategy to an audience far beyond traditional stakeholders.
The merger would be one of the biggest pharma deals ever. AstraZeneca’s market capitalization stood at $264 billion as of Friday’s close, while Bristol Myers Squibb had a total valuation of $133 billion.
Snap stock trades near an all-time low.
Memory chip stocks have been volatile and fell as July came to a close, the market’s still-fragile sentiment.
Stocks looked set to extend a recent rally on Monday after President Donald Trump said he would call off an attack on Iran and restart talks to end the war in the Middle East, which sparked a drop in oil prices. Nasdaq 100 futures added 0.5%. The three major indexes all racked up gains on Friday, but July was still a rough month for the Nasdaq.
U.S. stocks were on track to extend Friday’s rally as President Trump said he had canceled planned strikes on Iran, adding that peace talks would resume Monday afternoon.
If maintained until close, the decline would be the stock’s biggest one-day percentage fall since the day of the 2024 U.S. presidential election.
Shell (SHEL) has agreed to sell its European onshore renewables portfolio to Total Energies (TTE), t
European energy stocks opened lower on slumping oil prices as President Trump prioritizes diplomacy and says new talks with Iran will begin Monday.
TotalEnergies said it agreed to sell a 50% stake in European onshore solar and wind assets to private-equity firm KKR.
Oil prices tumbled on Monday as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joint intervention to prop up the currency.Investors were also keeping a close eye on currency markets after Trump confirmed that the United States had intervened jointly with Japan to support the yen, calling it a "signal of friendship", while officials said they were ready to act again.
(Bloomberg) -- Some of the historic family owners of Anheuser-Busch InBev sold a €731 million ($843 million) stake in the world’s largest brewer, after its shares surged at the start of this year. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesTrump Says Iran Talks to Begin Monday After Scrapping AttackCrushed by Kospi Rout, Angry Koreans Rip Lee
Execution matters more than one disappointing quarter.
8.31am: AstraZeneca talks suggest 'reduced confidence' in outlook AstraZeneca's reported talks with Bristol Myers about creating a $400 billion company appear to make "limited strategic sense for Astra and would likely be subject to antitrust scrutiny, given the overlaps of their oncology...
Micron's 39% plunge and SK Hynix and Samsung's $1.3 trillion spending plan are raising fresh worries for US chipmakers.
Investors became less willing to wait for companies’ long-term plans when those businesses continued to face problems delivering results in the short term.
(Bloomberg) -- Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe new
Shay Boloor, chief market strategist at Futrum Equities, said in a post on X that the market is overpricing credit risk and underpricing the platform even as its expanding platform turns each new member into multiple financial relationships.
Tesla Inc. CEO Elon Musk has dismissed reports of the EV giant mulling the sale of its Chinese arm that could have reportedly paved the way for a potential merger with Space Exploration Technologies Corp.. Elon Musk Says Sale Has...
A wrongful death lawsuit has been filed against Uber Technologies, Inc. (NYSE:UBER) and a contracted driver following a fatal incident linked to an Uber Eats delivery. The suit alleges negligence, gross negligence, and wrongful death in connection with the delivery trip. The case raises fresh questions about Uber's oversight of gig workers and its responsibility for incidents that occur during app based services. Uber Technologies runs ride hailing, food delivery, and other app based...
(Bloomberg) -- South Korean stocks slipped, as heavyweight chipmakers faced selloffs after Friday’s record gains while investors cut back leverage-backed trades. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe Kospi
An executive’s exit from the entertainment giant reminds us what a minefield ‘bring your whole self to work’ can be.
Nvidia and Oracle shareholders are losing patience, but now is not the time to ditch these tech giants.
For generations, the formula seemed almost laughably simple: get a job, buy a house, raise a family and maybe squeeze in a vacation or two along the way. Today, that same formula can feel more like a luxury package than...
Cathie Wood, head of Ark Investment Management, likes to lock in gains when her tech darlings rally. That's exactly what she's doing with Snowflake, trimming her position after the cloud software stock surged nearly 10% over the past five trading days ahead of earnings. In 2025, the flagship ...