Shares of Pop Mart International slumped over 6% on Wednesday, even as the Chinese toymaker forecast a surge in first-half earnings. The unexpected drop reflects growing investor caution around the sustainability of the company’s rapid growth, despite soaring demand for its collectible toys like Labubu, which has sparked a global…

European stock markets started Wednesday’s session on a weaker footing, with the regional Stoxx 600 index dipping as investors contended with hotter-than-expected inflation data from both the US and the UK, ongoing concerns about the semiconductor sector, and a profit warning from automaker Renault.About 30 minutes after the opening bell,…

UK financial regulators have imposed a hefty £42 million ($56 million) fine on Barclays Plc for significant failures in identifying and managing financial crime risks related to two of its clients. The Financial Conduct Authority (FCA) detailed the lapses in a statement on Wednesday, highlighting how the banking giant facilitated…

Shares in Renault plunged over 16% on Wednesday after the French carmaker slashed its 2025 financial guidance and named finance chief Duncan Minto as interim chief executive. The sharp decline in investor confidence came as the company blamed a worsening auto market, rising competition, and weaker-than-expected first-half results for the…

Intellistake Technologies Corp., a technology company focused on decentralized artificial intelligence and blockchain infrastructure, has announced the signing of an exclusive strategic partnership with Singularity Venture Hub (SVH), a premier AI-Web3 venture accelerator. This collaboration will see SVH, which manages over $90 million in digital assets, take the helm of…

Asian markets traded mostly lower on Wednesday as investors dialed back expectations for imminent Federal Reserve rate cuts after mixed US inflation data.The cautious sentiment was also backed by the trade deal US President Donald Trump announced with Indonesia.As per the agreement, the exporters from Indonesia will face 19% tariffs…

Dow Futures pointed to a mixed open on Wednesday, with investors waiting on key earnings reports from major banks and fresh data on wholesale inflation.Futures tied to the Dow Jones Industrial Average inched up 17 points, while those for the S&P 500 slipped 0.1%. Nasdaq-100 futures were also down, falling…

Big changes are underway at Diageo, the global drinks giant known for Guinness and Johnnie Walker. CEO Debra Crew has stepped down after a rocky run that began in June 2023. Her tenure saw a sharp drop in the company’s market value and a handful of costly missteps. Taking her…

Estée Lauder is embarking on a major digital transformation as it tries to regain lost ground in the global beauty market, following years of stagnating sales and shifting consumer preferences.Under new CEO Stéphane de La Faverie, the company is embracing artificial intelligence and a revamped omnichannel strategy to reach a…