Kevin Smith
Journalist
Volkswagen wants to cut costs, UBS worries about potential labor tensions
To take on Chinese competition, the automaker is hunting for cost savings, a step that UBS views as necessary. The Swiss bank, however, sees a period of likely tension with unions and calls the carmaker's 2026 margin targets "ambitious".
August 26, 2026 at 02:43 pm IST
SAP tumbles after UBS downgrade
SAP shares are down over 4% to just under EUR178, clearly the worst performer in Frankfurt's DAX 40, as investors shun the stock after a downgrade from UBS, which points to a "lack of near-term AI catalysts" for the German enterprise software maker.
August 26, 2026 at 02:43 pm IST
Growth, AI, stocks: fund managers' consensus is getting uncomfortably crowded
Cash at its lowest, equity exposure at its highest since 2021, and strong confidence in growth and AI: Bank of America's survey shows investors still heavily committed to a favorable economic scenario.
August 26, 2026 at 01:35 pm IST
Waymo readies its European debut with tests in Munich
Waymo will launch autonomous vehicle trials in Munich in the coming weeks, the first step towards a commercial robotaxi service that Alphabet's subsidiary hopes to roll out in Germany by late 2027. The company has already begun talks with the relevant authorities to secure the necessary approvals.
August 26, 2026 at 12:24 am IST
Google Tailors Gemini Enterprise to Legal Sector
Google has launched Gemini Enterprise for Legal, a version of its artificial intelligence platform aimed at law firms and legal professionals. The offering is designed to automate legal and administrative tasks, from research to document drafting, letting lawyers focus on higher value-added work. Google says data will remain secure and confidential, and it is offering several AI models to give users greater flexibility.
August 26, 2026 at 12:23 am IST
Canada hits back at US with tariffs on $20 billion
Canada will impose new levies on more than 700 American products starting September 8, in response to the 50% tariffs imposed by Washington. The move follows the collapse of trade talks between the two countries and marks a fresh escalation in tensions.
August 25, 2026 at 11:01 pm IST
Dick's Sporting Goods plunges after warning, dragged down by Foot Locker
Sporting goods retailer Dick's Sporting Goods shares plunged over 25% on Tuesday morning on the New York Stock Exchange after reporting quarterly results below expectations and cutting its full-year outlook, citing a market it says is becoming increasingly competitive.
August 25, 2026 at 09:39 pm IST
Apple upgrades its Macs to win over AI developers
Apple has unveiled new Mac Mini and Mac Studio models with more powerful processors and upgrades aimed at artificial intelligence applications. The company is looking to capitalize on the growing use of its computers to build and run AI agents and models locally. Its chips notably include specialized Neural Engines and a memory architecture designed to ease certain bottlenecks, allowing developers to run and fine-tune large models directly on their machines.
August 25, 2026 at 07:58 pm IST
Wolters Kluwer Slips as KBC Cuts Target Price
Wolters Kluwer shares are down 1% at EUR71 in Amsterdam today. While KBC Securities maintains its buy recommendation on the stock, reflecting its continued confidence in the strength and resilience of the underlying business, it has slashed its target price from EUR154 to EUR98.
August 25, 2026 at 01:57 pm IST
Nvidia readies the launch of its Groq racks dedicated to inference
Nvidia has announced the start of full-scale production of its Groq 3 LPX rack, stemming from its $20bn purchase of Groq assets in December, the largest acquisition in the company's history. The system will be deployed this year at cloud provider Nebius, alongside Vera processors and Rubin GPUs. Nvidia aims to meet surging demand for low-latency inference, a key requirement for AI agents and coding applications that need fast responses.
August 25, 2026 at 12:38 pm IST
RUM Group Signs $13.7bn AI Contract
RUM Group, which hosts Donald Trump's Truth Social platform, has signed an approximately $13.7bn, 6-year contract with an unidentified US cloud customer. The deal covers the delivery of GPU-based computing capacity and related services from the group's future site in Maysville, Georgia. The announcement lifted RUM Group shares by 6% on Wall Street this Monday.
August 24, 2026 at 07:57 pm IST
FDA green lights Roche and Eli Lilly test in Alzheimer's disease
Swiss healthcare giant Roche said the US FDA has approved its Elecsys Phospho-Tau (217P) Plasma (pTau217) blood test, developed in collaboration with US drugmaker Eli Lilly, "advancing the evaluation of Alzheimer's disease".
August 24, 2026 at 07:31 pm IST
Shell draws multiple suitors for its US chemicals assets
ExxonMobil, LyondellBasell, Apollo and Kuwait Petroleum are reportedly among the candidates to buy Shell's US chemicals business. According to the Financial Times, the assets could be worth up to $8bn.
August 24, 2026 at 01:54 pm IST
Bitcoin Up 23%, Heads for Its Best Week Since March 2023
Bitcoin was up about 6% on Friday, around $77,400, after briefly nearing $79,500 late in the morning. Up nearly 23% since Monday, the cryptocurrency is on track for its best week since March 2023, provided it does not give back those gains before the weekend ends, with crypto markets remaining open around the clock. Despite the rebound, its price is still roughly 39% below the record above $126,000 set in October 2025.
August 24, 2026 at 12:30 pm IST
BITCOIN (BTC/USD) 
RBC Capital Downgrades Merck & Co as Profit-Taking Sets In
Merck & Co was yesterday subject to profit-taking (-2.1%, at about $149), the day after a 12.60% surge following positive results from a Phase 3 study of a clinical trial with Moderna. Moderna shares are down 19.34% currently after soaring 176.97% the previous day.
August 21, 2026 at 12:37 pm IST
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