Hugo Boss stock (ETR: BOSS) plummeted 11% on Wednesday, their steepest single-day drop in over a year, wiping hundreds of millions from the German retailer’s market value. The sell-off was triggered by a stark warning from management: sales are projected to fall by single digits in 2026 as the company executes an aggressive “strategy reset.”… Continue reading Hugo Boss stock plunges 11%: is the fashion giant risking too much on strategy reset?
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Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift
President Donald Trump gave his clearest signal yet that National Economic Council Director Kevin Hassett is the favourite to succeed Jerome Powell as chair of the Federal Reserve, sharpening market focus on the central bank’s future path for interest rates. The remarks deepen Trump’s long-running campaign against Powell, whom he has repeatedly castigated for keeping… Continue reading Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift
Why is Salesforce stock being called ‘historically cheap’: is now the time to buy?
After a choppy year for enterprise software, Salesforce (NYSE: CRM) is suddenly wearing a new label: value stock. With shares drifting near 52-week lows and valuation multiples compressing to levels rarely seen in its two-decade run, Wall Street is buzzing about a potential bargain. But in a market obsessed with immediate AI returns, “cheap” on… Continue reading Why is Salesforce stock being called ‘historically cheap’: is now the time to buy?
The AI race heats up as bubble fears continue to worry investors
The past few months have felt like watching a new industrial revolution develop at fast-forward speed. Each week, another breakthrough model arrives. Another tech giant hints at a new data centre the size of a town. Another start-up floats a valuation that would have seemed absurd a year ago. Investors have been trying to ride… Continue reading The AI race heats up as bubble fears continue to worry investors
Amazon Trainium3 AI chip: 5 ways it threatens Nvidia
Amazon.com Inc (NASDAQ: AMZN) is in focus this morning after the tech titan unveiled its next-gen AI accelerator – Trainium3 – that may challenge Nvidia’s (NASDAQ: NVDA) dominance in high-performance computing. With promise of lower costs, massive scalability, and seamless integration into AWS infrastructure, Trainium3 could reshape the economics of training frontier artificial intelligence models.… Continue reading Amazon Trainium3 AI chip: 5 ways it threatens Nvidia
BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks
Bank of America Global Research boosted its year-end projection for the STOXX 600 index to 530 from 500 on Friday, citing sustained resilience in global GDP following a recent truce in US-China trade talks. The pan-European benchmark, which closed Thursday at 535.86, is still around all-time highs, indicating market optimism amid persistent geopolitical uncertainties. According… Continue reading BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks
Tesla stock gains ahead of robotaxi launch: analyst sees 50% upside ahead
Tesla shares are gaining ground as investor excitement builds ahead of the company’s long-anticipated robotaxi launch. CEO Elon Musk has pledged a major reveal next week, fuelling optimism about Tesla’s potential to disrupt the ride-hailing and autonomous driving sectors. Musk recently confirmed that the robotaxi service is set to begin operations in Austin, Texas, on… Continue reading Tesla stock gains ahead of robotaxi launch: analyst sees 50% upside ahead
Audi weighs $4.6 billion US plant amid tariff pressure from Trump
According to a report from the German publication Spiegel, Audi is considering plans to build a new factory in the United States. The move is a clear attempt to ease trade tensions with the U.S. government, as tensions continued to escalate, with President Donald Trump threatening tariffs on European automakers, prompting concerns about factory closures. The… Continue reading Audi weighs $4.6 billion US plant amid tariff pressure from Trump
Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22
The long-anticipated Tesla robotaxi project is set to begin a limited rollout in Austin, Texas on 22 June. The pilot will deploy 10 vehicles equipped with the company’s Full Self-Driving (FSD) software, marking the first time Tesla will offer autonomous rides to select users in a controlled urban environment. The move aligns with Elon Musk’s… Continue reading Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22
