Nike shares tumble 20% as sales warning rattles retailers
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Financial Times - World
SoftBank to prioritise AI deals over share buybacks despite pressure from Elliott
Japanese group’s top leaders seek ‘new investment activity’ after calls from hedge fund to return cash -
MarketWatch - Business
Continental AG shares jump 10% as German firm predicts boost from China
Continental AG told analysts that it expects to achieve higher margins in the second quarter of 2024 compared to the first quarter of the yearChina -
CNBC - Business
Novo Nordisk shares shrug off concerns over study linking weight loss drugs to rare eye condition
Novo Nordisk investors appeared unperturbed Thursday by a critical Harvard report that linked weight loss drugs to a rare eye condition. -
CNBC - Business
Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
Samsung said Friday it expects operating profit for the April to June quarter to be approximately 10.4 trillion won — a jump of about 1,452%. -
The Wall Street Journal - World
Auto Industry Warns of Supply-Chain Upsets, Higher Costs From Cybersecurity Rules
The Commerce Department is investigating how to limit cyber risks in connected cars made with parts from China and other adversaries. -
ABC News - World
Life and death in Gaza's 'safe zone' where food is scarce and Israel strikes without warning
Palestinian hospital authorities and witnesses say an Israeli airstrike slammed into a residential building right next to the main medical center in Gaza’s southern city of Khan YounisIsrael -
NBC News - Top stories
Britain goes to the polls and millions under Fourth of July heat warnings: Morning Rundown
This is Morning Rundown, a weekday newsletter to start your day. Sign up here to get it in your inbox.United Kingdom -
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MarketWatch - Business
Why this fund manager trimmed his Nvidia position — and has a warning about AI
Ken Laudan of Buffalo Funds has changed his opinion about how long it will take for “AI adopters” to make the technology useful. -
MarketWatch - Business
‘Any technology stock with an AI story is rising too far and too fast,’ this veteran trader warns
The market is in a huge tech-led bubble — but you’d be wrong to bet against it. -
The Wall Street Journal - World
Saks Fifth Avenue's parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
Saks Fifth Avenue’s parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers. -
MarketWatch - Business
Ford’s EV sales surge, fueled by strength in F-150 Lightning electric trucks
Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks. -
MarketWatch - Business
Constellation Brands profit tops estimates and company backs guidance, offsetting slight sales miss
The brewer of Modelo Especial is still expecting sales to grow 6% to 7% in fiscal 2025. -
CBS Sports - Sports
2024 John Deere Classic scores, takeaways: C.T. Pan, Aaron Rai share Round 2 lead as Jordan Spieth makes cut
There are 26 players at 10 under or better at TPC Deere Run -
ABC News - Sports
Braves left-hander Chris Sale fans 9 in 6 innings and earns 11th win in 3-1 victory over Giants
Chris Sale allowed only three hits in six innings to earn his 11th win while leading the Atlanta Braves to a 3-1 victory over the San Francisco Giants -
The Guardian - World
UK construction activity grows despite housebuilding drop; EV sales rise to make up fifth of new car market – business live
Pound steady as UK votes; global stocks extend rally on US rate cut hopes. In stark contrast, construction in the eurozone remains mired in recession, according to a separate survey. Construction activity shrank at a faster rate last month, with ... -
MarketWatch - Business
‘My stepmother makes me feel unwelcome’: I bought a house for my father in 2008, but now he wants me to sign over a 50% share for his third wife
“He has been married to his third wife for three years; she has asked him where she will live when he passes.” -
The Wall Street Journal - World
American students have been slow to return to China since Beijing ended its strict Covid restrictions in late 2022, deterred in part by a State Department travel warning.
American students have been slow to return to China since Beijing ended its strict Covid restrictions in late 2022, deterred in part by a State Department travel warning.China