Morning brief: US jobless claims fall; Argentina’s industry reels; Asian shares skid
A day of significant global developments is underway, as a data blackout in Washington forces economists to become digital detectives, a deep and painful industrial crisis grips Argentina, and a…
Nintendo ramps up Switch 2 production as demand outpaces forecasts
According to a Bloomberg report, Nintendo Co. is betting big on its next-generation console, directing suppliers to produce up to 25 million units of the Switch 2 by March 2026.…
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…
S&P 500, Dow Jones, Nasdaq 100 crash explained: will they rebound?
The S&P 500, Dow Jones, and Nasdaq 100 indices and their exchange-traded funds (ETF) future continued their strong downward trend on Friday. Futures tied to the three indices fell by…
Man Group shares hit six-month high as AUM surges to record $214B
Man Group (EMG.L) shares rose 2.6% on Friday to their highest level since early April, after the hedge fund reported a 22% increase in assets under management (AUM) to a…
Laos to end electricity supply to crypto miners by 2026 to power industrial growth
Laos is preparing to disconnect cryptocurrency miners from its national grid by the first quarter of 2026, as per a Reuters report.The government says the move will help redirect valuable…