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Investing.com — stock is sliding 3.4% in pre-open trading to reach $93, extending a sharp post-earnings selloff that began the prior evening after the company reported fiscal first-quarter 2027 results. The headline numbers were mixed: adjusted EPS of $0.94 beat the $0.87 analyst consensus, and revenue of $1.02 billion matched estimates while marking the first time in company history that quarterly sales exceeded $1 billion — yet the market’s reaction turned decidedly negative once investors looked past the top-line milestones. The core concern was the full-year outlook. Management guided FY2027 EPS to a range of $7.35–$7.50, falling short of the…
Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to J.P. Morgan Asset Management.The firm’s “Guide to ETFs,” which came out this month, finds it’s a top five theme by assets under management — even as volatility hit the group in the second quarter.”Many [themes] are morphing towards AI and the ecosystem surrounding AI,” Jon Maier, the firm’s chief ETF strategist, told CNBC’s “ETF Edge” this week.Maier, who led the insights team that published the report, also highlighted an overlapping relationship between AI-themed ETFs and infrastructure.”It’s all kind of feeding into the AI story…
Housing Secretary Angela Rayner has said Prime Minister Andy Burnham is not looking at bringing in rent controls in England.She told BBC Breakfast that changes made through the Renters’ Rights Act, which came into effect in May, were “already having a significant impact on the market”.She added that controls which had been implemented in some areas of the UK over the past few years had not “necessarily brought rents down”.In 2023 when he was the mayor of Greater Manchester, Burnham called for freezes to private sector rents until the cost of living crisis was over.But Rayner told the BBC on…
Logo of the German multinational insurance and financial services Allianz on top of its headquarters in the city of Madrid, Spain.Cristina Arias | Cover | Getty ImagesAllianz Group said on Friday it has agreed to acquire HSBC’s Singapore life insurance unit for 2.7 billion Singapore dollars ($2.09 billion), expanding the company’s footprint in Asia’s life and health insurance market. The German insurer expects to generate a double-digit return on investment in the medium-term, and the transaction is expected to close in the first half of 2027. As part of the deal, Allianz will also enter a 15-year exclusive distribution partnership…
Why is Carrefour stock sliding today? Source link
“To comply, we are having to strip away real-time Search features Europeans love—like instant pricing and direct availability for hotels, flights, and restaurants—and dismantle safety protections on Google Play,” Walker said. “Regulation should improve products, not make them worse,” he added. Since last September, Google has advocated for a “reset” of the DMA, warning that US tech giants face “considerable uncertainty and unpredictability” trying to comply. Google has maintained that the DMA currently favors “commercial interests of a small set of intermediary sites” and complying has already delayed some of Google’s AI features “by up to a year.” However, the…
US President Donald Trump speaks to reporters after landing in Air Force One on July 19, 2026 in Joint Base Andrews, Maryland.Andrew Harnik | Getty ImagesU.S. President Donald Trump said he will soon make a decision on whether to launch a “massive attack” on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea. Speaking to Axios on Thursday, the president said the proposed strikes would be bigger than anything seen in the war so far, and that Iran has not “received enough pain yet.””I am considering a massive attack. Bigger than ever…
South Korean President Lee Jae Myung delivers a speech during the opening ceremony of the 48th session of the UNESCO World Heritage Committee at BEXCO convention and exhibition centre in Busan on July 19, 2026. (Photo by JUNG YEON-JE / POOL / AFP via Getty Images)Jung Yeon-je | Afp | Getty ImagesSouth Korean President Lee Jae Myung invoked Japan’s epochal property crash in the early 1990s, stoking concerns about Seoul’s real estate market as he prepares to revise taxes aimed at stabilizing the housing sector. Lee said “quite a few people” were concerned the country could face Japan’s “lost” 20…
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the declined 2.79%. The best performers of the session on the Nikkei 225 were Shift Inc (), which rose 8.21% or 61.20 points to trade at 807.00 at the close. Meanwhile, Toho Co., Ltd. () added 6.48% or 88.00 points to end at 1,446.50 and BayCurrent Consulting Inc () was up 4.69% or 292.00 points to 6,522.00 in late trade. The worst performers of the session were Disco Corp (),…
The U.S. Capitol is seen on March 16, 2026, in Washington.Anna Moneymaker | Getty ImagesRep. Ted Lieu, D-Calif., and Rep. Nathaniel Moran, R-Texas, on Thursday introduced a bill called the “AI Kill Switch Act,” which would require artificial intelligence companies to maintain the ability to shut down, throttle or suspend their models.”Unfortunately, powerful AI systems can go rogue, behave in extremely dangerous ways, or even resist human intervention,” Lieu said in a statement. “It is imperative that these AI systems have kill switches so we can keep this technology from causing catastrophic harm, and that the federal government has the…