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ASOS stock slumps as analysts warn profit gains may not offset sales weakness

British online fashion retailer ASOS warned on Tuesday that annual revenue would come in below market expectations, citing subdued consumer demand and…
Stock

Dow futures tank 150 points amid looming shutdown: 5 things to know before Wall Street opens

Dow futures plunged 150 points on Tuesday, as investors weighed political uncertainty in Washington against lingering concerns over economic growth. With Congress…
Stock

Spotify names Co-CEOs as founder Daniel Ek transitions to Executive Chairman role

Spotify announced on Tuesday that founder Daniel Ek will step down as chief executive officer at the start of 2026, transitioning to…
Investing

Explained: OpenAI’s new parental controls for ChatGPT and what they do

OpenAI has unveiled robust new parental controls for its flagship chatbot, ChatGPT, marking a pivotal move toward protecting teenagers online. The initiative…
Investing

Huawei to double AI chip output in 2026, targeting 1.6 million dies

Huawei Technologies Co. is preparing to step up its production of advanced artificial intelligence chips despite persistent US sanctions and manufacturing hurdles….
Investing

Wells Fargo shares in red as Morgan Stanley downgrade citing limited upside

Wells Fargo shares edged lower in premarket trading Monday after Morgan Stanley analyst Betsy Graseck downgraded the bank to equal weight from…
Investing

Dow futures soar 200 points on Monday: 5 things to know before Wall Street opens

US stock futures showed some gains on Monday, with Dow futures soaring 200 points, as traders tried to shake off last week’s…
Investing

Is this the end of quarterly reporting by public companies?

Public markets run on rhythm, and if the beat changes, prices move differently. That is what is at stake as the administration…
Latest News

US and Qatar secure release of American citizen Amir Amiry from Afghanistan detention

The U.S. secured the release of an American citizen being detained in Afghanistan following months of negotiations on Sunday, Fox News has…
Latest News

Iraqi president says nation is ‘100% safe’ amid lingering ISIS, militia concerns

Iraq is entering ‘a new phase’ of stability and growth, President Abdullatif Jamal Rashid said in an interview, declaring the country ‘100%…
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