Dell Technologies’ shares slipped nearly 9% in trading on Friday, after the company raised its full-year guidance but issued a softer-than-expected forecast for the current quarter.Investors focused on the weaker near-term outlook even as Dell highlighted strong demand for artificial intelligence (AI) servers, which has become the company’s standout growth…
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 by 1.6% on an annualised basis in the three months to June 30 after growth of 2.0% in the first…
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 the bloc’s broader strategy to gradually eliminate its reliance on Russian energy imports. A confidential document outlines these proposed measures, indicating…
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 in the fast-growing aircraft maintenance, repair, and overhaul (MRO) market, which was valued at about $110 billion in 2024.Nukkleus stock…
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 to local media outlet InfoMoney, the analysis took into account a projected appreciation of the real, as per the bank’s…
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 disclosure delays.The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate…
In a world where investors are used to seeing AI firms report exciting growth in data centre revenue – Marvell Technology Inc (NASDAQ: MRVL) came in shy of expectations on that front in Q2.Naturally, investors bailed on MRVL shares today, making it close down nearly 20%.Still, a senior JPMorgan analyst…
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 for the Federal Circuit has major immediate and long-term consequences for US trade, international diplomacy, and domestic law.The implementation of…
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 has plunged by 60% from its highest point in 2024.LULU stock faces a triple-whammyLululemon was one of the best-performing companies…
A decades-old pillar of global e-commerce has crumbled, as the US tariff exemption for small-value packages officially ended on Friday. The move to eliminate the $800 “de minimis” loophole is a seismic shift in trade policy, one that promises to raise costs, upend supply chains, and fundamentally reshape the business…