Chipotle shares plunge 18% after third sales forecast cut
Shares of Chipotle Mexican Grill fell 18.5% to $32.4 in premarket trading on Thursday after the US restaurant chain lowered its annual sales forecast for the third time this year,…
Fiserv stock forecast: is it a buy after the $116 billion wipeout?
Fiserv stock price has suffered a rude wakeup call after erasing over $116 billion in value in the past few months. Its stock plunged from a high of $237 earlier…
China resumes US soybean imports as trade deal nears final stage
China has resumed purchasing US soybeans for the first time this season, signalling a potential thaw in trade tensions as Beijing and Washington move closer to finalising a comprehensive trade…
Amazon’s AWS to fuel South Korea’s AI hub with new $5 billion investment
Amazon Web Services (AWS) is set to channel another $5 billion into South Korea to expand its data center infrastructure, a major investment aimed at bolstering the nation’s ambition to…
Visa expands stablecoin network across four blockchains
Visa is deepening its push into digital currencies by expanding support for stablecoins across four new blockchains. The move marks a significant expansion of the global payments leader’s crypto infrastructure,…
US–China trade talks shift focus to AI chips, fentanyl tariffs
Donald Trump is tying together two of the world’s most contentious issues — artificial intelligence and the fentanyl crisis — as he prepares to meet Chinese President Xi Jinping. Speaking…
Europe markets open: Stocks flat as Fed looms; Santander, DB beat estimates
European stock markets opened flat on Wednesday as investors balanced strong earnings from the continent’s banking heavyweights against the major uncertainty of a looming interest rate decision from the US…
Tesla warns Musk could leave if $1 trillion pay deal fails, putting AI ambitions at risk
Tesla’s board has warned that CEO Elon Musk could step down if his proposed $1 trillion pay package fails to win shareholder approval at the upcoming annual meeting. The warning,…
Banijay to acquire majority stake in Tipico creating a European gaming powerhouse
French entertainment giant Banijay has agreed to buy a majority stake in betting firm Tipico from private equity group CVC, in a deal that will combine Tipico with Banijay’s existing…
Cathie Wood warns investors to brace for correction, backs this unlikely winner
Cathie Wood, the founder and CEO of ARK Invest, told investors to prepare for a market correction even as she stood by a surprising area she says still has major…