Why Oracle stock tanked over 6% on Friday
Oracle stock (NYSE: ORCL) tumbled 6.5% on Friday, wiping billions from the market value of the enterprise software giant as investors parsed the company’s long-term AI and cloud ambitions against…
Thailand fast-tracks 300 billion baht investment projects to revive economic growth
A Reuters report states that Thailand’s Board of Investment (BOI) has announced plans to accelerate investment projects worth 300 billion baht ($9.22 billion) over the next four months as part…
Europe markets open: Stoxx 600 tumbles 1.5% as a US banking crisis spreads
A powerful wave of fear, born in the troubled world of US regional banking, has crossed the Atlantic, sending European markets into a sharp and brutal retreat on Friday. The…
Why M&S pulled its milk chocolate honeycomb from UK shelves
Marks & Spencer (M&S) has recalled one of its popular confectionery items — the Milk Chocolate Honeycomb — after discovering it may contain undeclared peanuts. The recall, issued in coordination…
DAX Index shares to watch next week: SAP, BASF, Porsche
The DAX Index has remained in a tight range in the past few weeks as the recent bull run faded. It was trading at €23,766, down a bit from the…
Coca-Cola plans IPO for Indian bottling arm as global firms eye local listings
Coca-Cola Co. is considering taking its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt. (HCCB), public, as per a Bloomberg report.The supposed IPO could be one of the most anticipated listings…
Ferrari stock price crash: here’s why RACE has plummeted
Ferrari stock price has crashed into a bear market this year after plunging by over 25% from its highest point in July. RACE was trading at $392, lowering its market…
Nestlé to cut 16,000 jobs as CEO Philipp Navratil accelerates transformation plan
Nestlé SA is planning to cut around 16,000 jobs globally as part of a two-year restructuring effort led by its new Chief Executive Officer, Philipp Navratil. The layoffs, representing roughly…
How GIC’s lawsuit reframes scrutiny over Nio’s revenue model
Singapore’s sovereign wealth fund, GIC, has taken legal action against Chinese electric vehicle maker Nio Inc., accusing it of inflating revenues through complex accounting linked to its battery-swap business. The…
Europe markets open: FTSE tumbles 1%, DAX drops 0.3% in a sharp reversal
The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has…