Trump and Xi meet in Beijing to discuss trade, Taiwan, AI, and the Iran war. Both seek economic wins while navigating deep strategic rivalry and mutual dependence.
For Take-Two Interactive, the pressure is uniquely intense because they have essentially bet the company's mid-term financial identity on this single launch. Management has signaled a massive "earnings inflection" for fiscal year 2027, with analysts projecting that net bookings could nearly double to over $8 billion or $9 billion once the game is fully integrated into their model. Take-Two's current
SoftBank posted a $12B quarterly profit, driven by its massive OpenAI stake. Meanwhile, French unemployment hit 8.1%, its highest level since 2021.
Porsche SE reported a €923M loss for Q1 2026, primarily due to a €1.3B write-down on its Volkswagen stake. Adjusted for one-offs, the holding earned €382M.
Swatch shareholders rejected activist Steven Wood's bid for a board seat, with 79.6% voting against. Despite 80.4% support from bearer shareholders, the Hayek family maintains control.
India raised gold and silver import duties from 6% to 15% to support the rupee and narrow its trade deficit. This hike follows record Q1 gold ETF inflows of 20 tons.
Tesla will invest $250M to more than double battery production at its Berlin plant. The expansion targets 18 GWh annually by 2027, boosting local jobs and supply.
OpenAI CEO Sam Altman testifies today in Elon Musk's lawsuit. The trial centers on claims that the firm abandoned its nonprofit roots for a for-profit AI mission.
Under Armour shares fell 12% after forecasting a fourth year of revenue decline. Weak North American demand and selective consumer spending have pushed profit estimates well below Wall Street targets.
The EU's top court ruled Meta must compensate Italian publishers for news snippets. This decision reinforces copyright protections and fair pay for media in the AI era.
The Vodafone-Three merger will inject £170m into UK high streets annually. By staying in every town, the dual-brand stores drive footfall that boosts local cafes and shops.
Michael Burry claims the market has jumped the shark. Warning of a dot-com style bust, he has taken short positions against tech stocks to brace for a reversal.
eBay rejected GameStop's $56 billion takeover bid on Tuesday, citing a lack of credibility and financing.
Vanguard plans to double European assets to $1 trillion by 2030, expanding its ETF range by 50% and leveraging AI to boost retail investment across Europe.
UK card spending fell 0.1% in April, the first drop since 2024. Iran war fears fueled a 10.4% fuel spike, leading households to cut travel and dining to save.
Honda has frozen its $11 billion plan for a Canadian EV factory due to slow U.S. demand, projecting a significant fiscal loss as it rethinks its global strategy.
Goldman Sachs pushed back U.S. rate cut expectations to December 2026, citing high inflation fueled by the Middle East war. Analysts warn that 3% core PCE inflation will likely persist until energy shocks and labor markets soften.
Microsoft's $1 billion East African data center project is stalled due to payment disputes. Kenya reportedly rejected demands for guaranteed annual capacity payments, potentially forcing Microsoft and G42 to scale back the geothermal-powered facility.
China's producer price index (PPI) rose 2.8% in April, exceeding expectations as the US-Israel-Iran conflict drove up energy costs. Consumer prices also increased, signaling persistent global inflationary pressures.
Cathie Wood's ARK Invest holds a $574 million stake in Palantir, solidifying it as a top 2026 AI conviction for military and government tech.
Micron's stock surged 38% last week, hitting an $840B market cap. A global memory chip shortage and AI demand are driving record gains for the semiconductor sector.
Consumers filed a class-action lawsuit against Nike for failing to refund tariff-related price hikes. Following a Supreme Court ruling striking down Trump-era tariffs, plaintiffs argue Nike shouldn't keep the federal refunds.
Montenegrin Deputy PM Budimir Aleksic hails Chinese modernization as a unique path that blends progress with tradition, marking 20 years of bilateral partnership.
Prime Minister Keir Starmer delivered a pivotal speech on Monday, fighting to save his leadership after the Labour Party suffered crushing losses in last week's local elections