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Salvatore Ferragamo Revenue Dragged by Weakness in China Market
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GameStop Stock Slides on Plans for Share Sale, Weak Revenue
Shares of the videogame maker declined 25% after it said it plans to sell up to 45 million shares. GameStop has 306 million shares outstanding.The Wall Street Journal - World -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World -
Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031ABC News - Tech - China -
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.The Wall Street Journal - World - China -
Police: Officer dragged trying to stop Scheffler
The police officer who tried to stop Scottie Scheffler from entering Valhalla Golf Club on Friday morning was dragged to the ground and suffered "pain, swelling and abrasions" to his left wrist and knee after the car accelerated, per the incident ...ESPN - Sports -
Activists sue Russia over ‘weak’ climate policy
Russian constitutional court is considering claim, which activists hope will raise awareness about emissions. A group of activists are fighting for the right to scrutinise Russia’s climate policies, and in particular its enormous methane ...The Guardian - World - Climate -
Hezbollah introduces new weapons and tactics against Israel as war in Gaza drags on
Lebanon's militant Hezbollah group is introducing new tactics and weapons against Israel as the war in Gaza drags on and Israeli troops enter parts of the southern city of RafahABC News - World - Israel -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - World -
Under Armour to Slash Jobs, Warns of Revenue Drop
CEO Kevin Plank said the sportswear brand has tried to do “too much of too much” and will focus on selling fewer products on discounts.The Wall Street Journal - Business
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Gold Futures Near Record High as Interest-Rate Cut Hopes Grow
Gold futures were just shy of its recent record as softer U.S. data last week raised expectations of Fed interest rate cuts.The Wall Street Journal - World -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
Keywords Studios in Talks With EQT Over $2.6 Billion Takeover
The London-listed videogame services company said it was in advanced talks over a possible cash offer worth 2,550 pence a share, a 73% premium to its closing price on Friday.The Wall Street Journal - World -
Chinese Shares End Higher; Commodity Stocks Lead Gains
China’s benchmark Shanghai Composite ended 0.5% higher, as sentiment remained positive following Beijing’s stimulus measures targeting the property sector.The Wall Street Journal - World - China -
USD/SGD's Downward Momentum Starting to Build, Charts Show
USD/SGD’s downward momentum is starting to build after it fell to a low of 1.3421 last week, said UOB Global Economics & Markets Research.The Wall Street Journal - World