Honeywell is acquiring Johnson Matthey's catalyst technologies arm for £1.8 billion. Investor Steven Wood failed in his bid for a Swatch Group board seat. Jony Ive's AI startup, io, was acquired by OpenAI for $6.4 billion, bringing Ive into a design role. Donald Trump is considering an...
Rising U.S. debt, projected to increase by $3 trillion to $5 trillion due to President Trump's tax bill, is causing a market sell-off. Increased Treasury yields, reaching 5% for the 30-year bond, are impacting stock prices. Conversely, the "sell U.S." narrative is boosting emerging markets, with analysts citing...
Bitcoin surged to a record high of over $111,000 on Thursday, driven by positive momentum, optimism surrounding US crypto regulation, and institutional investment. This rise contrasts with a drop in US stock markets, suggesting investors may be seeking alternative assets. Factors contributing to the rally include Moody's US...
Marks & Spencer's website is back online after a several-hour outage. The website had been inaccessible for browsing for several hours, adding to ongoing disruptions caused by a recent cyberattack. The attack, which occurred over Easter, compromised some customer data, including addresses and dates of birth, though payment details...
Nike will raise prices on some products starting June 1st, citing "seasonal planning." Increases will affect shoes and clothing costing over $100, with hikes ranging from $2 to $10. While Nike didn't explicitly mention US tariffs, the move comes amid global trade uncertainty caused by President Trump's policies...
Google's I/O conference showcased numerous AI-powered innovations, bolstering investor confidence. New features include an expanded AI Mode chatbot, Deep Search with cited reports, Search Live using phone cameras, and next-gen shopping tools. Analyst Brian Nowak of Morgan Stanley reiterated a bullish outlook, assigning an Overweight rating and $185...
The Senate unanimously passed the No Tax on Tips Act, fulfilling a campaign promise by both President Trump and Vice President Harris. This act, slated for inclusion in the "One, Big, Beautiful" budget bill, would exempt tipped workers from paying taxes on gratuities from 2026-2028. The legislation defines...
Facing pressure from President Trump's tariffs, major US retailers are grappling with rising costs. Walmart warned of price increases, prompting Trump's criticism to "EAT THE TARIFFS." Target and Home Depot, however, announced plans to absorb tariff costs, at least initially, by negotiating with suppliers and adjusting product offerings,...
Target reported a 2.8% sales drop in Q1 2025, blaming consumer anxieties over tariffs and a DEI policy backlash. CEO Brian Cornell warned of 'massive' potential tariff costs, stating price increases are a last resort. This follows similar warnings from Walmart and Best Buy. While a recent US-China...
Target (TGT) shares dropped in premarket trading after the company issued a lowered full-year sales projection following mixed first-quarter results. While adjusted EPS of $1.30 beat analyst expectations, revenue fell short at $23.85 billion, and comparable sales declined 3.8%. Target now anticipates a low-single-digit sales decrease and adjusted EPS...
