Microsoft is restructuring to create a new division focused solely on consumer AI products, signaling a deeper commitment to its AI strategy.
United flight attendants rejected a deal with 26% raises, saying it didn't reflect their sacrifices. The union plans to survey members for better contract terms.
Adidas shares fell as it warned U.S. tariffs may cost €200M in H2 2025. Prices may rise in the U.S., pending tariff updates expected around Aug. 1.
Starbucks beat Q3 revenue estimates, boosted by China demand, menu tweaks, and store upgrades, lifting shares 4.1% despite slower U.S. spending.
Hermès sales rose 9% as demand for its $10K Birkin bags stays strong. Prices jumped 7% globally, plus 5% in the U.S. to offset tariffs.
The S&P 500 reached a new record, driven by optimism over a US-EU trade framework, while the DOJ announced a crackdown on tariff violators.
OpenAI is reportedly in discussions to raise funds at a valuation of £115 billion, signaling continued strong investor interest in the AI sector.
Elon Musk has stated that he will still be the CEO of Tesla in five years' time, providing some clarity on his long-term role at the company.
Candy giant Mars has announced plans to invest an additional $2 billion in its U.S. manufacturing facilities through 2026.
Shares in BP have risen following reports that Shell is considering a takeover offer for the British oil and gas giant.
Alphabet's second-quarter results surpassed Wall Street estimates, with earnings at $2.31 per share and revenue reaching $96.43 billion, exceeding forecasts.
The UK has reclaimed its position as Europe's largest stock market, surpassing France as political uncertainty has impacted French equities.
Citi will now cover top private firms like OpenAI and SpaceX, offering insights without ratings, as private valuations rival public market giants.
Fed unlikely to cut rates soon as inflation remains sticky; markets adjust expectations on future monetary policy.
US-China tariff truce talks in Stockholm aim to extend ceasefire, paving way for potential Trump-Xi meeting.
Luxury brands like LVMH avoided the worst in the EU-U.S. trade deal, but weak demand now challenges their profit-driving price hikes.
Brazilian coffee growers hope to avoid new U.S. tariffs set to rise from 10% to 50% on August 1, after Trump's announcement earlier this month.
Oil rose as Trump shortened Russia's Ukraine truce deadline, adding to gains from a US-EU deal on $750B in American energy purchases. Brent neared $70.
Elon Musk says Tesla signed $16.5B chip deal with Samsung; move boosts Samsung's struggling chip unit. Shares surged 6.8%, hitting highest since Sept 2024.
Audi cuts 2025 outlook, citing higher U.S. tariffs and restructuring. Revenue now seen at €65–70B, with margins trimmed to 5–7% from earlier 7–9% forecast.
Von der Leyen calls US-EU trade deal "best we could get," noting it avoids looming 30% tariffs; most EU goods will face a 15% US tariff, including cars and chips.
Euro and U.S. futures climb after trade deal clarity eased market fears, boosting S&P 500 e‑minis and investor sentiment
Valeo shares dropped 16% after cutting its 2024 sales forecast by €1B, citing a weaker dollar and falling global car sales.
Meta will halt political and social issue ads in the EU from October, citing legal uncertainty over new EU rules, following a similar move by Google.