Burberry reported a smaller-than-anticipated decline in comparable retail sales for its fiscal first quarter, offering investors an early glimpse of progress in the British luxury brand’s turnaround plan. The company said on Friday that comparable store sales dropped 1% for the quarter ended June 28, outperforming analyst expectations of a…

Meta has officially declined to sign the European Union’s voluntary AI Pact, highlighting growing friction between big tech companies and EU regulators.The announcement came on Friday as the bloc gears up to implement its sweeping AI Act.Meta’s decision appears rooted in ongoing concerns over how the company uses personal data…

The US Supreme Court has allowed the Trump administration to proceed with sweeping staff cuts at the Department of Education, lifting a lower court injunction that had paused layoffs of around 1,400 employees in March. The decision has intensified operational concerns at a time when millions of student loan borrowers…

JPMorgan Chase & Co. is starting research on private companies, reported Bloomberg. The bank announced it is starting coverage on OpenAI.This marks a big change for the Wall Street giant as it looks to address the market beyond public markets. Many investors are increasingly putting more money into private companies…

Netflix Inc (NASDAQ: NFLX) remains in focus after reporting a strong Q2 as the streamer’s ad-supported tier continued to gain traction, with impressions soaring nearly 400%.In its second financial quarter, the mass media behemoth continued to invest in its proprietary ad stack and data-driven targeting capabilities, signalling a strategic pivot…

Shares of Sarepta Therapeutics fell close to 37% on Friday after reports emerged that the US Food and Drug Administration is considering whether to halt the distribution of Elevidys, the company’s flagship gene therapy for Duchenne Muscular Dystrophy (DMD). The move comes amid an ongoing investigation into multiple patient deaths…

Talen Energy (NYSE: TLN) shares surged over 25% on Friday, reaching $330.99 in intraday trading and setting a new all-time high before paring slightly. The rally follows the company’s announcement of a major acquisition involving two natural gas power plants, the Moxie Freedom Energy Center in Pennsylvania and the Guernsey…

India’s anti-money laundering agency, the Enforcement Directorate, has summoned officials from Google and Meta on Monday in relation to rising cases of money laundering through online betting apps.Reuters mentioned anonymous government sources who informed that the investigation revolves around allegations that Google and Meta eased the way for these online…