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Investing.com– Goldman Sachs cut its global smartphone shipment forecasts for 2026 and 2027, citing high memory chip prices that continued to weigh on demand, even as it forecast product mix to keep shifting toward premium devices. The brokerage reduced its global smartphone volume estimates by 4% and 3% to 1.14 billion and 1.17 billion units for 2026 and 2027, respectively, implying a 10% decline this year followed by 3% growth in 2027. That compared with its previous forecast of a 6% drop and a 2% rise. Goldman Sachs also introduced a 2028 shipment estimate of 1.18 billion units, up 1% year-on-year.…
After Andy Burnham’s by-election victory, support for the prime minister is evaporating, writes Laura Kuenssberg. Source link
Allegiant Travel will continue to be a winner now that it closed its acquisition of Sun Country Airlines, according to Goldman Sachs. The bank this week upgraded the airline to buy from neutral. Its price target of $125 implies upside of 30% from Wednesday’s close. Allegiant Airlines announced in January it would acquire Sun Country in a $1.5 billion cash and stock deal. In a press release , CEO Gregory Anderson said bringing the two budget-friendly airlines together will create a “more differentiated and durable airline”. Shares have already outperformed, rising 18.5% this year while the S & P 500…
NABATIEH, LEBANON – JUNE 19: An Israeli Army airstrike is seen on June 19, 2026 in Nabatieh, Lebanon. Israel continued its attacks in Lebanon in the last 24 hours despite this week’s provisional peace deal between the United States and Iran, who have delayed negotiations that were meant to start today in Switzerland. (Photo by Adri Salido/Getty Images)Adri Salido | Getty Images News | Getty ImagesAt least five people were killed in Israeli air strikes and drone attacks in southern Lebanon on Saturday, Lebanese state media reported, just hours after a ceasefire between Israel and the Iran-backed Hezbollah group took…
An employee counts genuine South Korean 50,000 won banknotes in this arranged photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea, Aug. 14, 2017. The won advanced for the first day in four as top U.S. national security officials sought to damp down talk of am imminent war with North Korea following days of heightened rhetoric. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesFew workers can say that their bonuses have been so large that the country’s central bank takes notice. But in South Korea, that phenomenon is playing out as workers from tech industries…
Analysis showed how much the UK could have grown if it had not exited the EU. Source link
Candidates like Count Binface are motivated to run for different reasons, but their role in politics is a longstanding tradition. Source link
Andy Burnham not only retained the share of the vote Labour won in the seat in 2024 but increased it. Source link
Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The writer is an FT contributing editor, chair of the Centre for Liberal Strategies, and fellow at IWM ViennaThe war in Ukraine is now well into its fifth year, outlasting many of the major conflicts of the past century. Will it ever end? And who could end it?It is possible that it is not only Russian President Vladimir Putin’s ludicrous idea of total victory that keeps the war going. The European and American pursuit of a diplomatically negotiated long-lasting peace may also…
Porsche CEO aims to finalise new cost-cutting package by July, FAS reports Source link