Lululemon stock crash: from a shining star to a fallen angel
Lululemon stock price has moved from being one of the most beloved into a fallen angel, a trend that may continue after Gap, its key competitor, published weak results. LULU…
Canada’s economy shrinks more than expected in Q2 as exports slump
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face of US tariffs, Statistics Canada said on Friday.The economy shrank…
EU seeks stricter gas origin rules to cut Russian dependence
The European Union is currently exploring the implementation of more stringent regulations for companies regarding the verification of the origin of their imported gas. This initiative is a core component of…
Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock…
Trump’s tariffs declared illegal by US court: here’s what it means and what’s next
A federal appeals court has ruled most of Donald Trump’s global tariffs illegal, shaking up the future of presidential powers over trade.The Thursday decision from the US Court of Appeals…
Intel accelerates CHIPS act funding, receives $5.7B ahead of schedule
Intel has secured $5.7 billion in accelerated CHIPS Act funding from the US government.This is a significant step intended to fast-track the company’s expansion of domestic semiconductor manufacturing amid intense…
Nukkleus stock soars on Mandragola deal: sell NUKK before it retreats
Nukkleus Inc (NASDAQ: NUKK) soared over 40% this morning after announcing a strategic joint venture with “Mandragola” aimed at modernising aviation infrastructure across Europe and Israel.The deal broadens NUKK’s presence…
Brazil’s Itaú BBA reaffirms buy on Suzano, Klabin; sees upside despite near-term risks
Itaú BBA reiterated its buy recommendations on Brazilian pulp and paper manufacturers Suzano (SUZB3) and Klabin (KLBN11), citing attractive valuations after its estimates update based on the companies’ second-quarter results.According…
Evening digest: markets react to Trump spending cut, Musk SEC showdown, Nvidia slump
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock…
Super Micro shares slide 5% on internal control weakness disclosure
Super Micro Computer Inc. (NASDAQ: SMCI) saw its shares drop more than 5% on Friday after the artificial intelligence-focused server maker reiterated weaknesses in its internal control over financial reporting.…