Shares of American Eagle Outfitters jumped nearly 24% in premarket trading on Thursday after splashy celebrity campaigns featuring actor Sydney Sweeney and National Football League star Travis Kelce boosted demand for the apparel retailer’s jeans and fall collections.The surge marked one of the strongest single-session rallies in the company’s history,…
JPMorgan is making a bold entry into Germany’s crowded digital banking sector, hoping its global brand and technology investments can help it break through fierce competition and regulatory hurdles. The US banking giant aims to launch its Chase digital retail bank in Germany by the second quarter of 2026, a…
A recent analysis of over a billion job postings by LightCast, a labour insight platform, has revealed a significant increase in the demand for artificial intelligence skills, with these roles also commanding higher average salaries.Although there are increasing concerns that artificial intelligence is displacing jobs, the outlook for the labour…
Shares of Salesforce slid nearly 7% in premarket trading on Thursday after the cloud software provider issued a softer-than-expected third-quarter revenue forecast, raising fresh concerns about when its large investments in artificial intelligence will start to deliver financial returns.The stock drop came despite stronger-than-expected second-quarter earnings and an expanded $20…
BYD has lowered its sales target for this year by as much as 16% to 4.6 million vehicles, Reuters reported earlier today, citing two people with knowledge of the matter. The cut reflects the Chinese electric vehicle maker’s slowest annual growth in five years and signals that its era of…
South Africa’s sugar farmers face a “double whammy” from cheap imports and US tariffs, which have been eating into their earnings. Nkosinathi Msweli’s sugarcane farm in KwaDukuza, a predominantly rural and impoverished region on South Africa’s eastern coast, has for three decades represented a consistent, albeit modest, economic achievement, providing employment…
Shares of American Eagle Outfitters jumped nearly 24% in premarket trading on Thursday after splashy celebrity campaigns featuring actor Sydney Sweeney and National Football League star Travis Kelce boosted demand for the apparel retailer’s jeans and fall collections.The surge marked one of the strongest single-session rallies in the company’s history,…
A recent analysis of over a billion job postings by LightCast, a labour insight platform, has revealed a significant increase in the demand for artificial intelligence skills, with these roles also commanding higher average salaries.Although there are increasing concerns that artificial intelligence is displacing jobs, the outlook for the labour…
Putting aside a two-day sell off as July passed into August, the US stock market managed to hold up pretty well through the late summer doldrums. All the US majors posted gains for August, with the S&P 500 celebrating the unofficial end of summer by crossing above 6,500 for the…
JPMorgan is making a bold entry into Germany’s crowded digital banking sector, hoping its global brand and technology investments can help it break through fierce competition and regulatory hurdles. The US banking giant aims to launch its Chase digital retail bank in Germany by the second quarter of 2026, a…