Author: franperez66q@protonmail.com

People are shopping for clothing and beauty products at a Zudio store in Thiruvananthapuram, Kerala, India, on April 4, 2024. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesShares of one of India’s biggest fashion retailers, Trent, plunged over 11% on Tuesday after the company’s first-quarter revenue growth missed earnings targets. The Tata Group company reported standalone revenue of 56.66 billion rupees ($595 million) for the quarter ended June, up 19% on year, Trent said on Monday. Citigroup remains “cautious on Trent” owing to a weak trend in revenue per square foot, increasing competition, the…

European shares flat as gains in consumer stocks offset tech weakness Source link

A sailor observes the oil tanker HELGA, which is moored at one of Iraq’s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | ReutersOil prices rose on Tuesday morning following a report of an Iranian attack on commercial ships in the strategically vital Strait of Hormuz.The reported attacks in the waterway, which typically handles around 20% of the world’s oil traffic, reaffirm the fragility of the U.S. and Iran’s interim peace agreement, as they negotiate a…

Why is Rivian stock sliding today? Source link

German chief executives have expressed concern that Chancellor Friedrich Merz’s €10bn in tax cuts may not be enough to jump-start the country’s stagnant economy. Merz’s coalition government on Thursday unveiled a series of measures including tax cuts for the middle class, labour market reforms, stricter sick-leave rules and initiatives to curb bureaucracy as it aims to kick-start the economy and combat rising voter discontent. Executives welcomed the moves but warned that the measures were not enough to dispel fears among business leaders that the country is at risk of a “lost decade”.Roland Busch, chief executive of Siemens, Germany’s biggest company…

Several companies are at risk of cutting their dividends, according to Wolfe Research. Income investors rely on dividend payments from stocks, and a reduction means less money in their pocket to spend, or to reinvest in the market. Yet companies facing financial strain sometimes are forced to reduce their dividends, or suspend them entirely. For instance, Whirlpool said in May it would suspend its dividend so it could pay down its debt and navigate what it called a “recession-level industry decline.” Flowers Foods and LyondellBasell Industries cut their payouts this year as well. As investors look to avoid the next…

Walmart rolls back barbecue staple prices after Trump says retailer acted at his request Source link

A view of Belawan Port in the waters of the Malacca Strait, Medan, North Sumatra, Indonesia on April 28, 2026.Anadolu | Anadolu | Getty ImagesIran’s push for control over the Strait of Hormuz has prompted some energy market participants to worry about the introduction of tolls on the Strait of Malacca, one of the world’s most important energy and trade choke points.It follows reports that Iran and Oman, which sit on opposite sides of the Strait of Hormuz, have presented the U.S. with a proposal to jointly administer the narrow maritime corridor, including the collection of administrative fees.The U.S. and…

Google has backed Germany-based Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday.Nuclear fusion is the process of combining two hydrogen atoms to form one helium atom, releasing huge amounts of energy.While it promises an abundance of energy, the technology has not been deployed commercially, with the industry racing to overcome technical challenges. All current nuclear power plants use fission, which involves splitting atoms.Google’s investment underscores its continued interest in fusion as a potential source of abundant, carbon-free, firm energy over the long-term,…

ABG Sundal reports 27% revenue growth in second quarter Source link