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
Giorgio Armani is reportedly planning to sell a 15% stake in equal parts to LVMH, L'Oreal, and EssilorLuxottica, fulfilling the late designer's succession plan.
Indian Prime Minister Narendra Modi called on citizens to work from home and reduce travel to conserve foreign exchange as oil prices top $105 per barrel. The move follows heightened tensions in the Middle East and a blockade at the Strait of Hormuz.
Elon Musk endorsed Warren Buffett's radical proposal to end the U.S. deficit: pass a law making all members of Congress ineligible for re-election if the deficit exceeds 3% of GDP. The national debt currently stands at $38.9 trillion.
President Donald Trump will visit China May 13–15 at President Xi Jinping's invitation. The summit, the first in nine years, targets trade and the fragile Iran ceasefire.
Coca-Cola reported a 10% jump in organic revenue for Q1 2026, driven by effective marketing and price hikes.
Ryanair will close its Thessaloniki base this winter, cutting 700,000 seats and 12 routes across Greece. The airline blames a 66% hike in airport fees, while operator Fraport attributes the exit to Ryanair's own commercial strategy.
Toyota expects a $4.3B profit hit from the Iran war due to surging material and energy costs. Smallest quarterly profit in years as war offsets hybrid demand.
Trump's crackdown on China-linked firms is freezing U.S. solar factory growth. Financing and insurance dry up as the industry awaits guidance on subsidy eligibility.