Algebris CEO Davide Serra warns of a potential correction in AI stocks, prompting debate on sector sustainability amid contrasting views from optimistic fund managers.
Porsche unveils the electric Cayenne amid luxury EV market struggles, while Xiaomi records rapid profitability in its electric car venture, showcasing contrasting strategies.
Stellantis supplier CLN moves towards debt restructuring as the auto industry faces financial challenges. Asset sales, including a Brazilian plant, and Stellantis's support play key roles.
Japan's Niigata Governor plans to approve restarting Kashiwazaki Kariwa Nuclear Power Plant amid document mishandling concerns, signaling Japan’s renewed nuclear energy focus post-Fukushima.
Novo Nordisk's plan to cut 5,000 jobs highlights Denmark's economic challenges despite the company's record growth, spurring concerns over rising unemployment and reduced national growth forecasts.
Trump proposes $2,000 tariff-funded checks for working-class families, facing GOP resistance over inflation and deficit concerns, amid legal challenges and economic uncertainty.
TJX, owner of TJ Maxx and Marshalls, gains from frugal U.S. shoppers amid economic challenges, exceeding revenue expectations with $15.1 billion in sales during the holiday season.
Walmart raises profit outlook, buoyed by strong e-commerce; Target grapples with sales slump amid leadership changes. Both retailers focus on adapting to consumer trends and economic pressures.
Bath & Body Works faces increased bond risks and investor concerns amid a strategic overhaul under CEO Heaf, aiming to reverse declining sales and restore brand strength.
Ukrainian President Zelenskiy seeks to restart peace talks with U.S. backing, despite European hesitation over territorial concessions to Russia and ongoing military aid.
AI integration is reshaping industries, leading to significant job cuts globally. Companies face challenges balancing technological efficiency with workforce sustainability amid economic pressures.
China's bond market sees unprecedented demand, appealing to global investors amid historic low yields, reflecting confidence in China's economic recovery and favorable investment conditions.