GameStop (NYSE: GME) – the poster child of meme stock mania – is struggling to reinvent itself.On Wednesday, the gaming merchandise retailer reported an uptick in its quarterly profit, but sales were declining, reinforcing that it continues to struggle in a world dominated by digital downloads and subscription gaming.As hardware…
Europe’s news flow today is a mix of corporate shake-ups, political tension, and cautious market mood. Amazon’s hefty tax settlement in Italy hasn’t slowed ongoing probes, UK stocks treaded lightly ahead of the Fed’s rate decision, and Ukraine signaled readiness for wartime elections, but only with Western security guarantees. In…
Uber Technologies (NYSE: UBER) is inching down on Wednesday morning as a wave of protests in Europe signalled growing regulatory headwinds for ride-hailing platforms.Meanwhile, Morgan Stanley analysts trimmed their price target on UBER shares, making investors wonder whether they’ve indeed gone a bit too far in 2025.Despite the pullback, Uber…
Markets are bracing for a pivotal Fed decision, with a widely expected rate cut setting the tone for a busy evening across policy, corporate shake-ups, and tech.Pfizer is making deep workforce cuts in Switzerland as part of a sweeping cost-saving push, while ByteDance and Alibaba scramble to secure Nvidia’s powerful…
South Korea’s SK Hynix has confirmed that it is evaluating the possibility of a US stock market listing, a move that would give American investors direct exposure to one of the world’s most important suppliers of high-bandwidth memory used in artificial intelligence hardware. The company disclosed the development in a…
Global markets opened to a mix of risk aversion and corporate developments on Thursday as cryptocurrencies slid following renewed concerns around Federal Reserve guidance, while Coca-Cola announced a major leadership transition. Asia’s equity markets also pulled back after disappointing results from Oracle, and US lawmakers advanced a $900 billion defense…
Vietnam’s National Assembly, on Thursday, took a significant step towards bolstering its nascent domestic rare earth processing sector by approving a revised law. This new legislation imposes stricter controls on the export of refined rare earths while definitively re-stating the long-standing ban on exporting raw rare earth ore. The move is a…
SoftBank Group shares fell sharply on Thursday after Oracle’s weaker-than-expected quarterly results renewed worries about how long it will take for massive investments in artificial intelligence infrastructure to translate into profits. The stock closed down nearly 7.7% in Tokyo, having dropped as much as 8.4% intraday, dragging the broader market…
Drax Group announced on Thursday that it is considering converting a section of its Yorkshire power station in northern England into a data centre as early as 2027.The project would repurpose land, cooling systems, and transformers that were previously used for coal generation, according to a Reuters report.Europe’s landscape of…
The projected global crude oil surplus in the fourth quarter of 2025 has narrowed due to a halt in production, the International Energy Agency said on Thursday. Meanwhile, the forecast for global crude oil demand growth in 2025 has been scaled up by the IEA in its December Oil Market Report. The…