• Europe plans to postpone the implementation of the Basel rules on banking transactions by one year.
  • Umicore has lowered its 2024 forecast due to a slowdown in the electric vehicle market.
  • Eni has initiated the sale of a 10% stake in Saipem at EUR 1.97 per share.
  • Leonardo has terminated discussions with KNDS regarding the collaboration on a future tank project.
  • Superdry's creditors have given the green light to the company's restructuring plan.
  • The city council of Eindhoven has voted in favor of ASML's development plan.
  • Orsted will incorporate a Tesla battery system in its UK offshore wind farm.
  • SBM Offshore acquires floating production, storage, and offloading assets from Sonangol.
  • The U.S. Senate committee has summoned the chairman of Novo Nordisk to testify about the disparity in pricing for diabetes and obesity drugs in the U.S. compared to other markets.
  • Sika has launched a new production facility in China.
  • Mondo TV has entered into a licensing and merchandising agreement for MeteoHeroes.
  • Today's key earnings reports include LPP, Flughafen Zürich, DFDS, and OVS.
  • Apple has reached a new record high, climbing 7% after announcing a partnership with Affirm for deferred payments in Apple Pay.
  • Oracle's shares soared 10% in after-hours trading, buoyed by AI-related contracts, despite presenting mixed financial results.
  • National Bank of Canada has agreed to purchase Canadian Western Bank for $5 billion.
  • Ford is considering reducing its prices in the United States.
  • General Motors has lowered its electric vehicle projections for 2024 and announced a new $6 billion share repurchase program.
  • Amazon has announced the establishment of a new AWS infrastructure region in Taiwan.
  • GameStop has capitalized on the renewed speculative interest, raising $2.14 billion.
  • Boeing reported the delivery of 24 aircraft and 3 net orders in May.
  • Today's key earnings reports include Broadcom and Dollarama.
  • BHP and a Chilean mining union have extended their negotiation period.
  • Xpeng has introduced its Mona brand, targeting the affordable mass market, as reported by the South China Morning Post.
  • Apple saw its shares surge over 7% on Tuesday, reaching a new high and contributing significantly to the Nasdaq's gains. This follows the announcement of new AI features aimed at boosting demand for its products. Additionally, Apple has become the first brand to exceed a brand value of $1 trillion, marking a 15% increase from last year, according to Kantar's global ranking.
  • Oracle has projected double-digit sales growth for fiscal 2025, surpassing analyst expectations, with strong demand for its AI-powered cloud services. Shares are up nearly 9% in pre-market trading.
  • Paramount Global's main shareholder, Shari Redstone, abruptly halted talks with David Ellison's Skydance Media, ending the potential majority stake sale to the independent studio. Paramount shares are down 2.3% in pre-market trading.
  • Tesla's CEO Elon Musk is accused by an institutional shareholder of making billions from insider trading. The lawsuit seeks the return of "illegal profits".
  • The U.S. government is expected to announce increased sanctions on semiconductor exports to Russia, aiming to target third-party vendors in China.
  • The European Commission is set to impose additional customs duties on electric vehicle imports from China, following an investigation into alleged subsidies provided to Chinese automakers by Beijing.
  • Thousands of Amazon Flex drivers have filed arbitration claims alleging misclassification as independent contractors rather than employees.