https://www.gurutrade.com/news/business/rss/ Here you can find reliable and fresh news from the world of business and get acquainted with the experts opinions. Wed, 17 Jun 2026 07:08:16 +0300 50 en https://www.gurutrade.com/news/thyssenkrupp-to-spin-off-materials-trading-division-1781623900.html FRANKFURT, June 16 Reuters Thyssenkrupp TKAG.DE, opens new tab plans to spin off its materials trading division, the German conglomerate said on Tuesday, in what marks the sale of its biggest division by sales in the group39;s ongoing restructuring. The move, previously reported by Reuters, is the latest step by the company to turn into a holding firm and follows the divestment of the group39;s hydrogen and marine divisions via stock market listings. Thyssenkrupp will let shareholders vote at an extraordinary shareholder meeting on August 7 on whether to spin off 49 of the division  recently renamed tk accelis which analysts at Jefferies have estimated has an enterprise value of 3.6 billion 4.2 billion. The separate listing of the business would then take place before the end of the year, Thyssenkrupp said. Thyssenkrupp CEO Miguel Lopez said tk accelis, which manages materials supply chains and warehousing, had made impressive progress in recent years. 1 0.8616 euros Reporting by Christoph Steitz, Editing by Miranda Murray and Emelia SitholeMatarise Source Reuters https://www.gurutrade.com/news/thyssenkrupp-to-spin-off-materials-trading-division-1781623900.html Tue, 16 Jun 2026 06:30:45 +0300 https://www.gurutrade.com/news/olin-to-buy-huntsman-in-2-43b-deal-amid-tough-market-1781620097.html Huntsman shares down 13; Olin39;s down 2.4 Expected cost synergies of more than 400 million Executives see potential expansion in epoxy and new end markets Deal expected to close in the first half of 2027 June 16 Reuters Olin said on Tuesday it will acquire Huntsman in an allstock deal valued at about 2.43 billion, combining two U.S. chemical producers as the industry seeks scale and cost savings amid a challenging environment. Under the terms of the agreement, Huntsman shareholders will receive 0.5476 Olin shares for each share they own, valuing the deal at about 2.43 billion, according to a Reuters calculation based on Huntsman39;s 175.35 million shares outstanding per LSEG data. The implied offer price of 13.85 per share is about 12.8 below Huntsman39;s last closing price. Shares of Huntsman fell 13, while Olin39;s dropped 2.4 in morning trading. Global chemical producers have been reassessing their strategies amid stagnant demand, rising production costs in Europe and shifting regulatory requirements. The closure of the Strait of Hormuz following heightened regional tensions since late February has further disrupted oil and petrochemical flows, tightening global chemical supply and pushing up prices for plastics and polymers. The merger will create a chemicals company with more than 12 billion in annual revenue and generate more than 400 million in cost synergies, the companies said. They also see opportunities, especially in epoxy, to be able to compete in... https://www.gurutrade.com/news/olin-to-buy-huntsman-in-2-43b-deal-amid-tough-market-1781620097.html Tue, 16 Jun 2026 05:10:17 +0300 https://www.gurutrade.com/news/equinor-scraps-renewable-energy-capacity-target-1781624798.html Drops goal of 1012 gigawatts renewable energy capacity Plans to allocate 10 of capex to power business Power production set to rise fourfold from ongoing developments OSLO, June 16 Reuters Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday. The change reflects a wider industry trend, with peers such as BP and Shell in recent years scrapping ambitions to transition away from oil and gas towards renewable energy production. Equinor, which on Tuesday raised its oil and gas output forecast, dropped the 2030 renewable energy capacity goal, instead providing an outlook for power generation, which also includes nonrenewable electricity production technologies. We are not replacing one business with another. Instead, we are developing multiple pathways in parallel oil and gas, power and renewables, and new lowcarbon solutions, Equinor CEO Anders Opedal said in a statement. Equinor in recent years operated with a target to reach 1012 gigawatts GW of installed renewable energy capacity by the end of this decade, but removed this from a list of goals it will present in a strategy update in New York on Tuesday. The target had already been trimmed from a previous goal, set in 2020, of becoming an offshore wind major by installing 1216 GW over a 10year period. Equinor last year said it no longer aimed to dedicate half its... https://www.gurutrade.com/news/equinor-scraps-renewable-energy-capacity-target-1781624798.html Tue, 16 Jun 2026 03:50:00 +0300 https://www.gurutrade.com/news/nvidia-to-raise-25b-in-first-corporate-bond-sale-in-5-years-1781619265.html Reuters Nvidia said on Monday it would raise 25 billion through a U.S. bond issuance, as it taps the debt market to increase liquidity for the first time since 2021. The debt financing was more than initially planned, Reuters had reported earlier on Monday, citing two sources. Investor demand for the bond sale hit 85 billion, one of the sources familiar with the matter said, declining to be named as the plan was still private. It was initially looking to raise 20 billion, the source had said earlier. The bond consists of seven tranches of notes, maturing as late as 2056, according to a term sheet seen by Reuters. Demand was mainly domestic, the first source said, adding that bond issuance came as a surprise to investors as the company said little ahead of time. The AI chip leader has not accessed the investmentgrade bond market in five years, previously raising 5 billion in June 2021, the source said. A company spokesperson said Nvidia aims to use the proceeds for general corporate purposes, including the repayment and refinancing of outstanding notes. The main reason, according to one of the sources, was to establish a liquid benchmark to its cost of credit more so than funding capital expenditures. The chipmaker capped the bond issue at 25 billion to keep low credit spreads and in contrast with the hyperscalers funding their investments in AI, one of the sources said. Big Tech companies have signaled that spending on AI would not slow down, with combined... https://www.gurutrade.com/news/nvidia-to-raise-25b-in-first-corporate-bond-sale-in-5-years-1781619265.html Tue, 16 Jun 2026 08:50:15 +0300 https://www.gurutrade.com/news/amex-to-buy-tripadvisor-s-restaurant-unit-for-700m-1781556030.html Deal expands American Express39; dining network to 75,000 bookable venues Transaction expected to close before the end of 2026 June 15 Reuters American Express will buy restaurant booking platform TheFork from Tripadvisor in an allcash deal worth 700 million, the companies said on Monday, sending shares of the online travel platform up 7 in morning trading. Activist investor Starboard Value had in October last year pressed for TheFork39;s sale, as Tripadvisor struggled to recover from pandemicera disruptions and contend with heavy competition from rivals including Booking Holdings and Airbnb. The deal will allow Tripadvisor to focus more on its experiencesled strategy as part of a major overhaul, the company said. For American Express, buying TheFork will expand its dining network to 75,000 bookable venues and bolster its international business, which has been its fastestgrowing segment for many years. It also builds on its acquisitions of dining platforms Resy and Tock. Dining is one of the most important ways people engage with our brand, said Rafa Marquez, president of international card services at American Express. TheFork generated 232 million in revenue for the year ended March 31, a 25 jump from a year earlier, showed Tripadvisor39;s earnings report. The platform connects millions of diners with more than 50,000 restaurants across 11 European countries, according to the companies. We see the deal as a plus for Tripadvisor, but talk of using proceeds to... https://www.gurutrade.com/news/amex-to-buy-tripadvisor-s-restaurant-unit-for-700m-1781556030.html Mon, 15 Jun 2026 07:10:20 +0300 https://www.gurutrade.com/news/america-s-rv-industry-feels-chill-of-war-and-high-gas-prices-1781555248.html RV shipments and sales slump as high fuel prices hit consumer demand Industry faces inventory overhang, cautious outlook, and reduced production schedules Affluent retirees remain buyers, but costconscious consumers delay purchases June 15 Reuters Coley Brady in late March cut production from five days a week to four on most of the assembly lines at his sprawling complex of five recreational vehicle factories in Elkhart, Indiana, after it became apparent spring sales were fizzling. The U.S.Israeli war on Iran was barely a month old at the time, but the disruptions it caused to global energy markets had already sent American gasoline and diesel fuel prices up by 33 and 43, respectively. Clearly the war and higher gas prices are the easiest things to point to, said Brady, cofounder of Alliance RV, which makes highend fifthwheel trailers and motorhomes. The RV industry which produces more than 80 of the rigs sold in the U.S. in northern Indiana can often signal the direction of the nation39;s economy. Inflationadjusted consumer outlays on recreational goods and vehicles fell in April for a fifth straight month, according to Commerce Department data, the longest slump in real spending on the category since the height of the Great Recession in 2008. RVs are expensive discretionary purchases easily put off when uncertainty grows over the economic outlook. U.S. consumer sentiment fell to a record low in May before picking up slightly in early June, according to the... https://www.gurutrade.com/news/america-s-rv-industry-feels-chill-of-war-and-high-gas-prices-1781555248.html Mon, 15 Jun 2026 02:10:12 +0300 https://www.gurutrade.com/news/renault-thales-unveil-military-vehicle-partnership-1781520416.html PARIS, June 15 Reuters Renault Group said on Monday it has teamed up with defence technology company Thales to develop a military vehicle, deepening the French carmaker39;s push into defence as Europe raises security spending. The companies plan to show a prototype, called 4 TROOP, at the Eurosatory defence fair near Paris, with Renault saying it could answer a production order from early 2027. Renault shares were up 4.5 by 0848 GMT, among the best performers on France39;s benchmark CAC 40 index. Renault is up like other Autos names not because of this partnership but thanks to the prospect of a deal between USIran, ODDO BHF analyst Michael Foundoukidis told Reuters. INDUSTRIAL EXPERTISE The project draws on Renault39;s industrial expertise and Thales39;s secure communications technologies to produce a multimission vehicle quickly and at optimal cost, the automaker said. Renault would be ready to respond to a production request from early 2027, Maxime Gazier, programme director, and Ombeline Suzanne, special projects and partnerships manager at Renault, told Reuters at Eurosatory. They said production volumes would depend on demand, while only limited work would be needed to adapt existing Renault production lines, depending on the final specifications chosen, including whether the vehicle is electric. Russia39;s invasion of Ukraine and a shift in U.S. foreign policy under President Donald Trump have driven a stepup in defence investment by European countries.... https://www.gurutrade.com/news/renault-thales-unveil-military-vehicle-partnership-1781520416.html Mon, 15 Jun 2026 12:40:46 +0300 https://www.gurutrade.com/news/starbucks-korea-to-train-staff-on-history-after-backlash-1781519912.html Starbucks Korea to close all stores June 22 for staff training after marketing backlash Controversy stemmed from 39;Tank Day39; promotion coinciding with Gwangju Uprising anniversary Starbucks Korea remains market leader with over 2,000 stores SEOUL, June 15 Reuters Starbucks Korea will shut all stores in the country at 3 p.m. on June 22 for staff training on historical awareness and social sensitivity, the operator Shinsegae Group said on Monday, following public backlash over a marketing campaign. The coffee chain faced widespread criticism and suffered a very significant drop in sales after last month39;s campaign that evoked a brutal 1980 military crackdown on prodemocracy protesters. Shinsegae39;s affiliate EMart owns Starbucks Korea, which launched its 39;Tank Day39; tumbler promotion on the anniversary of the May 18 Gwangju Uprising, when the military government deployed troops and tanks to suppress prodemocracy demonstrations. Starbucks Korea headquarters staff and executives from Shinsegae39;s EMart division will undergo the same training on June 17 at the group39;s inhouse training centre, while Shinsegae Chairman Chung Yongjin and affiliate CEOs will attend a separate session on June 24, the group said. Shinsegae said the move reflected how seriously it viewed the recent marketing controversy and its commitment to preventing a recurrence. Chung previously apologised publicly over the controversy. The history awareness lecture, led by a history... https://www.gurutrade.com/news/starbucks-korea-to-train-staff-on-history-after-backlash-1781519912.html Mon, 15 Jun 2026 09:50:35 +0300 https://www.gurutrade.com/news/anthropic-disables-top-ai-models-over-us-foreign-ban-1781533412.html US order based on 39;narrow potential jailbreak39; risk, Anthropic says Anthropic disagrees with US move to suspend access to Fable 5, Mythos 5 models US government had put Anthropic on Pentagon contractor blacklist after a separate dispute June 12 Reuters Anthropic said on Friday it will abruptly disable its most advanced AI models for all users after the U.S. government ordered it to suspend access to the models for foreign nationals, citing national security concerns. The company received the export control directive to suspend access to Fable 5 and Mythos 5 for all foreign nationals, without being given specific details of its national security concern, Anthropic said in a statement. It is Anthropic39;s understanding that the government believes there is a method of bypassing, or jailbreaking, a safeguard that would prevent Fable 5 from being used in identifying software vulnerabilities, the company said. The order comes just as a previous dispute between Trump administration officials and IPObound Anthropic showed signs of easing across parts of the U.S. government. Anthropic39;s relationship with the government ruptured this year after it refused to allow the U.S. military to use its AI models for domestic surveillance and fully autonomous weapons systems. The government responded by putting Anthropic on a supply chain blacklist, set to take effect later in the year. The action also marks a major escalation of U.S. efforts to halt foreign adversaries39; AI... https://www.gurutrade.com/news/anthropic-disables-top-ai-models-over-us-foreign-ban-1781533412.html Mon, 15 Jun 2026 08:00:20 +0300 https://www.gurutrade.com/news/indonesia-s-danantara-raises-1-5b-in-debut-bond-sale-1781324692.html Orders peaked at around 4.6 billion, Danantara says Final yields tightened 35 basis points from guidance Sale tests demand as investors watch Indonesian risks SINGAPORE, June 12 Reuters A unit of Indonesia39;s sovereign wealth fund Danantara raised 1.5 billion in its debut U.S. dollar bond sale, drawing strong global demand in a closely watched test of investor appetite for the country39;s assets during a period of market stress. Danantara Investment Management sold 750 million in fiveyear bonds and 750 million in 10year bonds, a term sheet seen by Reuters early on Friday showed. The order book peaked at around 4.6 billion, Danantara said on Friday, pointing to strong confidence from international finance markets that it said should also bolster confidence among domestic investors towards its institutional framework. Reuters reported on Thursday, citing three sources with knowledge of the matter, that Danantara was looking to raise about 1 billion, split equally between the two maturities. The fiveyear bonds were priced to yield 5.35, while the 10year bonds were priced to yield 5.95. The robust demand allowed the company to lower final yields by 35 basis points from initial price guidance. Winson Phoon, a fixed income analyst at Maybank in Singapore, said the transaction was a decent print given domestic headwinds and Danantara39;s limited track record as a relatively new name. Ultimately its strategic importance to the administration carries more weight, Phoon... https://www.gurutrade.com/news/indonesia-s-danantara-raises-1-5b-in-debut-bond-sale-1781324692.html Fri, 12 Jun 2026 04:10:33 +0300 https://www.gurutrade.com/news/spacex-model-fuels-china-ipo-goals-but-tech-gap-stays-1781265524.html SpaceX listing to boost China39;s space IPO pipeline Despite strong investor interest firms remain far behind SpaceX tech Big gap in reusable rockets, satellites SpaceX39;s vertical model contrasts with fragmented Chinese industry BEIJINGSHANGHAI, June 12 Reuters SpaceX39;s record 75 billion IPO is poised to supercharge Chinese space startups racing to fund the same technologies that have made Elon Musk the world39;s first trillionaire  reusable rockets and giant satellite constellations. In China, the initial public offering was watched as a benchmark for a younger industry eager to go public. But the frenzy masks a fundamental gap, with firms going public ahead of meaningful revenue and without the proven technology that underpins SpaceX39;s economics, a mismatch analysts say will cap valuations. Yet the excitement is palpable. Huang Yan, cofounder of Shanghaibased Lantern Capital, said his decadeold investment in LandSpace is generating returns of roughly 100 times as the company moves toward a public listing. Huang, who bought into LandSpace in 2016, said he ignored early scepticism, betting instead on the industry39;s technological moat and strategic value over the long term. At least seven Chinese rocket and satellite companies including LandSpace and CAS Space are currently advancing IPO or preIPO plans, although financial details of those deals are not immediately known. Soochow Securities forecasts that by 2030 China39;s commercial space market could... https://www.gurutrade.com/news/spacex-model-fuels-china-ipo-goals-but-tech-gap-stays-1781265524.html Fri, 12 Jun 2026 01:50:32 +0300 https://www.gurutrade.com/news/flutter-s-london-exit-deals-another-blow-to-uk-markets-1781258449.html Flutter to delist from London, effective August Cites low trading volumes, high costs as reasons Primary listing retained on NYSE, US largest market for Flutter June 12 Reuters FanDuel owner Flutter Entertainment said on Friday it would delist from the London Stock Exchange in August while retaining its primary listing on the New York Stock Exchange, dealing a fresh blow to the British capital39;s financial markets. The betting giant said the decision was in the best interests of its shareholders, about a month after it began a review of the London listing and two years after it decided to swap its primary listing to the NYSE . Flutter, the world39;s largest online betting company, cited low trading volumes and regulatory costs in London for abandoning the secondary listing, with the last day of trading set for July 31 and delisting for August 3. SHIFT AWAY FROM LONDON It joins a growing list of companies that have either shelved plans to list in London, exited the market altogether, or aimed to better capitalise on stronger foreign markets by demoting or scrapping their London listing. Amid a roiling of global markets due to the Iran war, Britain39;s bluechip FTSE 100 index is valued at about 2.4 trillion 3.21 trillion, far below the SP 50039;s 63 trillion and only slightly higher than Microsoft. Britain has embarked on broad regulatory reforms, including easing rules for companies to raise funds, to boost the appeal of London as a global financial hub after a... https://www.gurutrade.com/news/flutter-s-london-exit-deals-another-blow-to-uk-markets-1781258449.html Fri, 12 Jun 2026 11:10:09 +0300 https://www.gurutrade.com/news/bhp-workers-vote-to-strike-at-australian-iron-ore-hub-1781199565.html Port Hedland is Australia39;s biggest iron ore export hub BHP workers negotiating better pay and conditions Union members vote overwhelmingly for strike action Strikes could begin within days BHP says its focus is on continuing constructive engagement SYDNEY, June 11 Reuters BHP workers at Port Hedland in Western Australia voted in favour of strike action, two unions said on Thursday, risking disruptions to iron ore shipments from one of the world39;s biggest export hubs. The Electrical Trades Union said around 100 members who voted all endorsed work stoppages ranging from 30 minutes to 24 hours, which could begin within days. The Australian Manufacturing Workers39; Union said more than 100 of its members voted and 89.4 supported action. The votes come after months of talks with BHP, the world39;s biggest listed miner, with workers seeking improved pay and conditions. BHP said its focus remained on continuing constructive engagement to reach an outcome that maintains industry leading pay and conditions while supporting safe, productive and sustainable operations. Strong contingency plans are in place to ensure operations can continue in the event of union disruptions, it said. Port Hedland is one of the largest iron ore loading ports in the world and the biggest in Australia. It is linked to a number of BHP39;s mines in the Pilbara region and is used for all of its iron ore exports in Western Australia. The ETU said it was seeking an agreement that ensured... https://www.gurutrade.com/news/bhp-workers-vote-to-strike-at-australian-iron-ore-hub-1781199565.html Thu, 11 Jun 2026 06:20:44 +0300 https://www.gurutrade.com/news/kkr-launches-10b-ai-infra-firm-with-nvidia-vistra-1781187665.html June 11 Reuters A KKRled group on Thursday launched a new company with more than 10 billion in committed capital to finance the buildout of AI infrastructure, the latest effort by an alternative asset manager to capitalize on growing demand for AI services. The Kuwait Investment Authority, AI chip giant Nvidia and utility firm Vistra are anchor investors in the company, called Helix Digital Infrastructure, which is led by former Amazon Web Services CEO Adam Selipsky. A surge in U.S. datacenter construction has strained power supply and sparked a shortage of electronics components, slowing development of facilities key to Big Tech39;s AI ambitions. That, along with growing costs of the projects, is making private equity a funding source for the industry. Apollo and Blackstone said on Tuesday they would finance a 35 billion expansion of AI capacity for Anthropic using Broadcom39;s custom chips as part of a new tieup. Nvidia will help Helix with its expertise in designing AI datacenters, while Vistra will be the preferred power provider. Helix can add additional institutional investors after the founding commitments are closed, said KKR, whose infrastructure platform manages over 100 billion in assets, including more than 70 billion across digital and power. Large users of digital infrastructure have an urgent need to reduce complexity and unlock new capacity, Selipsky said. He stepped down as the AWS chief in May 2024, after doubling the division39;s sales and... https://www.gurutrade.com/news/kkr-launches-10b-ai-infra-firm-with-nvidia-vistra-1781187665.html Thu, 11 Jun 2026 04:20:47 +0300 https://www.gurutrade.com/news/asics-onitsuka-tiger-laces-up-for-global-expansion-1781179812.html Japanese retro sneaker brand maps global expansion Analysts flag risk it could lose footing in race to go global Spinoff makes ownership changes easier for Asics, analysts say TOKYO, June 11 Reuters Asics39; Onitsuka Tiger, famed for its yellow and black sneakers, is embarking on a global expansion to capitalise on booming demand for its retro fashion shoes, but analysts warn the ambition could put its impressive margins at risk. Onitsuka Tiger, symbolised by sneakers flaunted by actress Uma Thurman in the 2003 hit movie Kill Bill, as well as a Bruce Leeassociated version tied to the martial arts idol, is opening flagship stores in Europe and the United States. It has already cashed in on tourists drawn to Japan by the weakened yen currency that fuels shopping sprees. Sales grew by a third in the quarter from January to March, for a profit margin of around 40, the highest among Asics39; businesses. Such margins are at a level far closer to luxury brands than traditional sporting goods companies, said Mark Chadwick, an analyst who publishes on Smartkarma, warning that the brand39;s new structure could endanger its fat margins. The exceptional margins may be more difficult to sustain, as becoming a standalone business incurs costs, and the business also faces execution risk with its capitalintensive strategy of opening flagship stores, he said. The nearly 80yearold Onitsuka Tiger traces its origins to a shoe business founded in the city of Kobe in 1949 by Kihachiro... https://www.gurutrade.com/news/asics-onitsuka-tiger-laces-up-for-global-expansion-1781179812.html Thu, 11 Jun 2026 01:10:35 +0300 https://www.gurutrade.com/news/beijing-investment-ban-clouds-hk-banks-insurers-outlook-1781167911.html Crackdown prompts Hong Kong firms to limit mainland activities Analysts warn of shortterm risks to Hong Kong financial sector Mainland visitors drive new business for Hong Kong insurers June 11 Reuters China39;s crackdown on crossborder investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong that tap into the riches of mainland clients and undermine the city39;s standing as an offshore financial hub. In late May, Beijing cracked down on crossborder investments and punished three online brokers for illegally helping Chinese investors buy shares in foreign markets, including in Hong Kong. Analysts and financial executives say the move could in the near term weigh on money flows to Hong Kong, the preferred offshore investment venue for Chinese individuals, due to concerns about greater scrutiny of capital outflows. Caution among the financial firms and mainland investors could weigh on sales of insurance policies, wealth management products and stock offerings in the city, they added. Those concerns have triggered a selloff in shares of firms including AIA, HSBC, Prudential and Standard Chartered, all of which generate a large part of their revenue from mainland investors. In a sign of a cautious approach to activities that could be viewed as investment marketing, some Hong Kong wealth managers are limiting staff travel to mainland China and suspending client events there, people familiar with the matter said. A... https://www.gurutrade.com/news/beijing-investment-ban-clouds-hk-banks-insurers-outlook-1781167911.html Thu, 11 Jun 2026 10:30:34 +0300 https://www.gurutrade.com/news/uber-sues-new-york-city-over-reckless-driver-protection-law-1781118893.html Uber says New York City law shields dangerous drivers and fraudsters. Law slated to take effect on July 28 New York City reviewing Uber39;s complaint Uber faces 3,571 lawsuits over driver conduct NEW YORK, June 10 Reuters Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said the law against wrongful deactivations would improperly shield drivers who engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing immediate and irreparable harm by undermining the company39;s reputation and goodwill. It said the law violates its freespeech and dueprocess rights under the U.S. Constitution, as well as New York39;s state constitution. Uber is seeking a permanent injunction plus costs. A spokesman for New York City39;s law department said on Wednesday it is reviewing the complaint, which Uber filed in Manhattan federal court. Local Law 52 of 2026 would generally prevent large ridesharing companies such as Uber and Lyft from dismissing drivers absent a bona fide economic reason or just cause. Dismissals would be permitted for account sharing, fraud, and egregious misconduct such as violence, sexual harassment or assault, and discrimination. The law is slated to take effect on July 28, following a 465 City Council vote in January. UBER WARNS OF 39;KANGAROO39;... https://www.gurutrade.com/news/uber-sues-new-york-city-over-reckless-driver-protection-law-1781118893.html Wed, 10 Jun 2026 07:10:51 +0300 https://www.gurutrade.com/news/ing-bets-on-subscriptions-to-lift-fees-amid-bank-rivalry-1781114781.html Subscription rollout to be completed across markets in mid2027 New model seen boosting fee income, ING executive says June 10 Reuters ING launched a new subscriptionbased banking model for clients in the Netherlands on Wednesday, in a move aimed at diversifying income streams and protecting its market share. The Dutchbased bank expects the model, which is to be rolled out across its markets by mid2027, to deliver a meaningful contribution to its fee income, Global Head for Private Individuals Sali Salieski told Reuters. Salieski said the strategy was partly driven by growing competition from digitalonly neobanks. Rapidly expanding Revolut, for instance, is reportedly considering an initial public offering that could value it at up to 200 billion. The model would replace payperproduct banking with tiered monthly subscriptions that bundle banking, insurance and other services such as streaming into a single package. The model has previously been rolled out in Belgium, Romania and Poland. Salieski said the rest of ING39;s markets, including Spain, Germany and Italy, would follow suit. ING expects subscriptions to support continued growth of feebased revenue, particularly by lifting income linked to everyday banking services, Salieski said. The banking group has prioritised increasing its net fee and commission income over the past years, seeking to offset the easing earnings windfall from high interest rates postCOVID. I think the subscription model will also give... https://www.gurutrade.com/news/ing-bets-on-subscriptions-to-lift-fees-amid-bank-rivalry-1781114781.html Wed, 10 Jun 2026 02:50:50 +0300 https://www.gurutrade.com/news/byd-eyes-top-automaker-spot-in-5-years-as-shares-slide-1781087824.html SHANGHAI, June 10 Reuters Wang Chuanfu, chairman of BYD , on Tuesday said he expected the Chinese firm to become the world39;s largest automaker within five years, as he sought to reassure investors following a steep decline in the company39;s share price. BYD, which ranked sixth globally in 2025 with 4.6 million vehicles sold, has struggled to restore growth after its domestic sales were hit by intensified competition with local peers over the past year. Shares of the company have dropped more than 45 from their peak in Hong Kong over the past year, while its Shenzhenlisted stock has fallen 33. Speaking at the company39;s annual shareholder meeting at its Shenzhen headquarters, Wang addressed nearly 1,000 shareholders, emphasizing a focus on ramping up the output of its secondgeneration Blade Battery, which he identified as this year39;s key growth bottleneck, according to the stateowned Shanghai Securities News. The report was confirmed by an attendee at the meeting. BYD will truly become the No. 1 automaker globally in terms of scale in five years, Wang said, highlighting the firm39;s strong exports and technological advancements, including improvements in battery and fastcharging technologies that he believes will drive growth at home and abroad. On Wednesday, BYD confirmed that Wang said he wants the company to be the world39;s No. 1 automaker, but didn39;t respond to additional questions from Reuters about other details discussed at the meeting. To achieve... https://www.gurutrade.com/news/byd-eyes-top-automaker-spot-in-5-years-as-shares-slide-1781087824.html Wed, 10 Jun 2026 12:40:11 +0300 https://www.gurutrade.com/news/s-korea-s-sk-hynix-eyes-us-listing-as-soon-as-aug-sources-1781081798.html SEC approval could come in the week of June 22, source says Listing would expand investor base AI boom fueling demand for chip stocks SEOULSINGAPORE, June 10 Reuters SK Hynix plans to list its shares in the U.S. as soon as August, said two sources familiar with the matter, as the South Korean memory chipmaker seeks to capitalise on strong appetite for AIlinked stocks and broaden its investor base. The U.S. Securities and Exchange Commission is likely to approve SK Hynix39;s American depositary receipt listing application during the week of June 22, one of the sources said. Both sources declined to be identified as the information was not public. SK Hynix plans to issue ADRs within 2026, but the details, including the size and timing, have not yet been decided, SK Hynix said in a statement. The SEC was not immediately available for comment outside business hours. SK Hynix said in March it had confidentially filed for a U.S. listing. A source said at the time that the offering could raise as much as 14 billion. The company, the world39;s secondlargest memory chipmaker and a key supplier to Nvidia, has been one of the biggest beneficiaries of the AI boom due to its dominant position in highbandwidth memory chips used in AI servers. Its share price has jumped 240 this year and its market value has since May topped 1 trillion, making it only the third Asian company after Taiwan39;s TSMC and Samsung Electronics to hit the milestone. Reuters reported last week that... https://www.gurutrade.com/news/s-korea-s-sk-hynix-eyes-us-listing-as-soon-as-aug-sources-1781081798.html Wed, 10 Jun 2026 10:40:10 +0300 https://www.gurutrade.com/news/softbank-s-attempt-to-get-6b-openai-margin-loan-stalls-bloomberg-news-1781086647.html June 10 Reuters SoftBank Group39;s talks with potential creditors to raise at least 6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources. The company is considering various fundraising options, the report said, adding that it could still move forward with the margin loan at a later stage. Reuters could not immediately verify the report. Reporting by Natalia Bueno Rebolledo in Mexico City; Editing by Subhranshu Sahu Source Reuters https://www.gurutrade.com/news/softbank-s-attempt-to-get-6b-openai-margin-loan-stalls-bloomberg-news-1781086647.html Wed, 10 Jun 2026 08:20:35 +0300 https://www.gurutrade.com/news/openai-weighs-leasing-ohio-data-center-with-nvidia-backing-the-information-1781082963.html June 9 Reuters OpenAI is in talks to lease a proposed 10gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions. Here are some details The campus could cost at least 500 billion to build, based on current prices for chips, labour, power and other inputs, the report said. OpenAI would control the equipment at the facility under a 20year lease, with payments starting once operations begin; the first phase is expected in 2028, the report added. The facility, among the largest of its kind, would be developed by SB Energy, a unit of SoftBank, on Department of Energy land in southern Ohio. Nvidia is expected to supply hardware in the facility and provide a financial guarantee for OpenAI39;s lease and SB Energy39;s financing, according to the report. Reuters could not immediately verify the report. OpenAI and Nvidia did not immediately respond to Reuters39; requests for comment outside regular business hours. Earlier this year, the ChatGPT maker paused its proposed 39;Stargate39; data centre project in the UK, citing regulatory hurdles and high energy costs. Separately, Apollo and Blackstone are financing a 35 billion AI capacity expansion for Anthropic using Broadcom chips, Reuters reported this week. Reporting by Bipasha Dey in Bengaluru; Editing by Sherry JacobPhillips and Eileen Soreng... https://www.gurutrade.com/news/openai-weighs-leasing-ohio-data-center-with-nvidia-backing-the-information-1781082963.html Wed, 10 Jun 2026 08:00:25 +0300 https://www.gurutrade.com/news/starbucks-weighs-japan-stake-sale-among-options-report-1781079113.html Reuters Starbucks is weighing options for its Japanese business, including a stake sale, Bloomberg News reported on Tuesday. A stake sale might be valued at 400 billion 2.5 billion to 500 billion, possibly attracting interest from other industry players and private equity firms, the report added, citing people familiar with the matter. Starbucks did not immediately respond to Reuters39; request for a comment outside regular business hours. Reuters could not immediately verify the report. In 2014, the company bought the remaining stake in Starbucks Coffee Japan Ltd, which had operated as a joint venture between Starbucks and its partner, Sazaby League, since 1995. The Seattlebased coffee chain closed its deal with Boyu Capital to sell control of its Chinese operations in April, valuing the business at 4 billion. Starbucks posted its strongest quarterly sales growth in two and a half years in April, but as costs rise faster under CEO Brian Niccols turnaround strategy, questions remain as to how quickly profit margins can recover. 1 160.3300 yen Reporting by Anusha Shah in Bengaluru; Editing by Rashmi Aich Source Reuters https://www.gurutrade.com/news/starbucks-weighs-japan-stake-sale-among-options-report-1781079113.html Wed, 10 Jun 2026 07:30:54 +0300 https://www.gurutrade.com/news/bp-names-heads-for-two-main-businesses-after-revamp-1781017556.html BP implements plan to reorganise into two units New structure to take effect for external reporting purposes from 2027 June 9 Reuters BP said on Tuesday that company veteran Gordon Birrell will lead its upstream unit and Richard Harding will serve as interim head of downstream, as part of a previously announced shift to two main business segments. BP, which last month fired its former chairman Albert Manifold over bullying allegations, is seeking to rebuild investor trust by cutting costs and debt while refocusing on its core oil and gas businesses. Manifold denies the allegations. Following a traditional integrated oil and gas company structure, upstream will combine oil and gas activities, including exploration, development and production along with upstream joint ventures, renewable natural gas and carbon capture. Downstream will include refining, terminals, pipelines, mobility and convenience, biofuels, aviation, hydrogen and the Castrol lubricants brand. BP will report profits from its large trading desk with gas and power in upstream, and oil and products in downstream. Renewables such as solar and offshore wind will move into a technology segment as BP scales back those investments. For operational purposes, the new structure will take effect from July 1, and for external purposes such as financial reporting from January 1, 2027. Meg O39;Neill, who started as CEO in April, said the changes will reduce complexity. Birrell previously led BP39;s production... https://www.gurutrade.com/news/bp-names-heads-for-two-main-businesses-after-revamp-1781017556.html Tue, 09 Jun 2026 05:10:18 +0300 https://www.gurutrade.com/news/uk-begins-formal-review-of-110b-paramount-warner-deal-1781011579.html June 9 Reuters Britain39;s competition regulator said on Tuesday it has formally started its review of Paramount Skydance39;s planned 110 billion acquisition of Warner Bros Discovery, after ending the first part of its information gathering process. The first phase of the review has a deadline of August 7, after which the Competition and Markets Authority CMA will decide whether to clear the deal or refer it for a more indepth probe. Here are details on the deal and the subsequent review Under the socalled phase 1 enquiry, the CMA will look into whether a deal may harm competitiveness in an industry or region within the UK. Its invitation to comment, where interested parties had a chance to tell the regulator how the proposed transaction would impact competition, had run from April 13 until April 27. Paramount outbid Netflix in February after a drawn out bidding war to buy Warner Bros, combining major studios and networks such as CNN and CBS in a bid to compete with streaming platforms more aggressively. The deal has already received some regulatory scrutiny across North America and Europe, as industry players including writers, actors, filmmakers and cinema operators voiced concerns about the impact it could have on the entertainment industry and consumers. Last week, sources told Reuters that California, New York and other U.S. states were preparing a lawsuit to block the deal. Warner Bros and Paramount did not immediately respond to... https://www.gurutrade.com/news/uk-begins-formal-review-of-110b-paramount-warner-deal-1781011579.html Tue, 09 Jun 2026 04:00:50 +0300 https://www.gurutrade.com/news/spacex-ipo-fever-sparks-hunt-for-proxy-plays-in-asia-1781000115.html Musk39;s space firm seeks 1.75 trillion valuation Asian retail investors scramble to gain exposure Traders scour for proxy plays, SpaceX supply chain firms SpaceX set to start trading on Nasdaq on June 12 SINGAPORE, June 9 Reuters SpaceX39;s 75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk39;s rocket company that are likely to benefit from the blockbuster deal. Shares of satellite and rocketryrelated companies worldwide have surged as everything from Starlink component manufacturers to ETFs that own private shares in SpaceX draw strong demand. Retail investors are set for a largerthanusual slice of the bigticket IPO, with SpaceX considering allocating as much as 30 to individual investors while targeting a valuation of about 1.75 trillion. The final IPO price is due to be set on June 11, with trading on Nasdaq starting the next day. However, with restrictions in parts of Asia on how retail investors may access the IPO, traders are scoping out regional suppliers to ride the SpaceXdriven rally. Hu Xiaobin, a retail investor from Anhui province, bought speculative plays in China, buying Sunway Communication, a supplier to Starlink ground terminals, and Western Superconducting Technologies, a supplier of specialty metals for rockets, over the past two months. I dug out adjacent companies in Ashares by myself and made quite a bit of money, he said, deeming it value speculation. Hu, a big fan of Musk,... https://www.gurutrade.com/news/spacex-ipo-fever-sparks-hunt-for-proxy-plays-in-asia-1781000115.html Tue, 09 Jun 2026 10:10:40 +0300 https://www.gurutrade.com/news/new-balance-s-india-partner-to-expand-fivefold-exec-1781015090.html June 9 Reuters U.S. sneaker brand New Balance39;s India partner, Brandman Retail, plans to more than quintuple its store count by 2028 and introduce brands such as France39;s Salomon, betting on rising demand for global labels, an executive said. India39;s affluent consumers are splurging on everything from skincare to premium liquor, helped by rising incomes and social mediadriven awareness of global trends, making the country a focus for companies such as Estee Lauder and Jack Daniel39;s maker BrownForman. The country39;s sports goods and apparel market is expected to double to 58 billion by 2030, driven by rising fitness awareness and discretionary spending, according to a late2024 GoogleDeloitte report. Everyone sees India as a pricesensitive market. But we have seen a big, big shift over the past two years, especially postCOVID, from being pricedriven to valuedriven, Kashika Malhotra, director at Brandman, told Reuters in an interview. On Walmartowned online shopping platform Myntra, New Balance women39;s shoes were priced at 1,89125,999 rupees 19.77271.84, compared to 1,19927,999 rupees for Adidas and Nike Brandman, which operates 14 New Balance stores and eight multibrand Sneakrz outlets, plans to expand to 45 locations by April 2027, adding stores for global brands including Saucony, Anta and Wilson, before growing to 116 by 2028. Brandman is expanding beyond major metros into cities such as Jaipur and Patna in northern India as consumers in smaller... https://www.gurutrade.com/news/new-balance-s-india-partner-to-expand-fivefold-exec-1781015090.html Tue, 09 Jun 2026 08:30:24 +0300 https://www.gurutrade.com/news/perplexity-plans-2028-ipo-despite-openai-anthropic-cnbc-1781002704.html June 8 Reuters AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas. Agnostic of these two companies, we were planning for something in 2028, so that still remains the case, Srinivas told CNBC in an interview. OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic39;s filing last week. Elon Musk39;s SpaceX is also preparing to go public on Friday. I certainly think there will be ripple effects if they don39;t go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator of how Anthropic or OpenAI will go out, Srinivas told CNBC. I think it39;s important for the AI industry that these IPOs go well, and I actually think they will go well, because theyre doing well, Srinivas added. By consistently holding 2028 as our earliest date for an IPO, Perplexity has been able to build a healthy, highgrowth business, Chief Business Officer Dmitry Shevelenko told Reuters in an emailed statement. In 2025, addressing speculation about Perplexity39;s finances, Srinivas said the company was not running out of money and had no plans to go public before 2028. Reporting by Natalia Bueno Rebolledo in Mexico City, additional reporting by Angela Christy M in Bengaluru; Editing by Rashmi Aich Source Reuters https://www.gurutrade.com/news/perplexity-plans-2028-ipo-despite-openai-anthropic-cnbc-1781002704.html Tue, 09 Jun 2026 08:00:28 +0300 https://www.gurutrade.com/news/databricks-in-talks-to-raise-funds-at-over-165b-reports-1780994916.html Reuters Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between 165 billion and 175 billion, The Information reported on Monday, citing sources. Here are a few details Databricks, one of the most valuable privately held companies, completed earlier this year a fundraising of about 5 billion at a 134 billion valuation. This is the latest sign of investors placing large bets on companies poised to benefit from the wider adoption of artificial intelligence. Tech giants are on track to invest billions of dollars, while the two largest AI firms, OpenAI and Anthropic, have filed their IPO paperwork. Databricks offers a platform designed to help users ingest, analyze and build AI applications using complex data from various sources. The company said in February that it surpassed 5.4 billion in revenue run rate, up 65 from the prior year. CEO Ali Ghodsi has privately indicated to investors the company is still IPObound, potentially as soon as next year, the report added. Databricks did not immediately respond to a Reuters request for comment. Reporting by Carlos Méndez in Mexico City; Editing by Sherry JacobPhillips Source Reuters https://www.gurutrade.com/news/databricks-in-talks-to-raise-funds-at-over-165b-reports-1780994916.html Tue, 09 Jun 2026 07:40:53 +0300 https://www.gurutrade.com/news/cerebras-shares-jump-as-wall-st-backs-ai-chip-strategy-1780935764.html June 8 Reuters Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer39;s unconventional AI strategy weeks after its strong debut. Shares of the company rose 3 to 207.54, with at least nine brokerages including IPO bookrunners Morgan Stanley, Citigroup, Barclays and UBS initiating coverage of the stock. The Californiabased firm designs waferscale engine chips roughly the size of a dinner plate to speed up processing, challenging traditional GPUbased systems, like those of Nvidia, that rely on clusters of interconnected chips. As AI workloads become increasingly reasoningintensive, demand for fast, lowlatency inference is growing rapidly, said Morgan Stanley analysts led by Joseph Moore, who rate the stock overweight. This is a unique chance to invest in an AI processor company with a firstmover advantage against Nvidia, and offers substantial upside as the category evolves. Citigroup expects Cerebras39; shares to hit 340 in the next 12 months, according to LSEGcompiled data. IPO underwriters can publish research on a stock 25 days after listing. Cerebras counts Amazon.com and Sam Altman39;s OpenAI as customers and is also backed by the ChatGPT maker and Japanese investment giant SoftBank. The latter reportedly sought to take the chip designer private before its debut. Cerebras debuted on the techheavy Nasdaq more than three weeks ago and closed about 70 above its... https://www.gurutrade.com/news/cerebras-shares-jump-as-wall-st-backs-ai-chip-strategy-1780935764.html Mon, 08 Jun 2026 06:20:04 +0300 https://www.gurutrade.com/news/campbell-s-holds-annual-goals-as-us-consumers-cut-spend-1780932876.html Campbell39;s Q3 profit beats estimates, but sales miss Sees Q4 tariff refund benefits to be 34 cents Expects tariff refunds to mostly offset Iran warrelated costs June 8 Reuters Packaged food maker Campbell39;s reaffirmed annual forecast on Monday, after trimming it earlier this year, and said the Middle East conflict is piling pressure on already strained U.S. consumers. Consumer sentiment sank to record lows as rising gasoline prices linked to the Iran war dampened household purchasing power long weakened by stubborn inflation. The pressure is pushing lowerincome consumers toward cheaper privatelabel brands, while the rise of GLP1 weightloss drugs is further denting demand, weighing on companies such as Campbell39;s that raised prices to offset higher costs. Campbell39;s expects organic sales to fall 1 to 2 and adjusted earnings per share at 2.15 to 2.25, factoring in early impacts from the Middle East conflict, including higher logistics costs. It expects to offset these pressures through tariff refunds of 34 cents in the fourth quarter. From a netsales perspective, I think the lower end... is probably a more realistic assumption at this point, Chief Financial Officer Todd Cunfer said on a postearnings call. Oil near 100 a barrel could lift fiscal 2027 inflation 2 to 3 above normal, the company said, adding it would rely on cost savings and price hikes if needed. CEO Mick Beekhuizen said Campbell39;s is focused on simplifying operations while accelerating... https://www.gurutrade.com/news/campbell-s-holds-annual-goals-as-us-consumers-cut-spend-1780932876.html Mon, 08 Jun 2026 06:00:38 +0300 https://www.gurutrade.com/news/honeywell-holds-annual-forecast-ahead-of-aero-spinoff-1780933599.html June 8 Reuters Honeywell reaffirmed its annual adjusted profit and sales forecast on Monday, as it prepares for a spinoff of its aerospace business in the coming weeks. Honeywell Aerospace, which makes aircraft engines, parts and defense systems, will be spun off on June 29, marking a key step in the conglomerate39;s previously announced threeway split to focus on automation, aerospace and advanced materials. Honeywell expects its fullyear 2026 adjusted profit between 10.35 and 10.65 per share, and annual revenue in the range of 38.8 billion to 39.8 billion. CEO Vimal Kapur in April had flagged a 0.5 reduction in firstquarter revenue due to the Middle East conflict and said he expects roughly a 1 drop during the second quarter, largely in its process automation and technology segment. Kapur said on an investor call on Monday the company has very high conviction the conflict will not weigh on the second half of 2026, assuming no significant reescalation, instead it could turn into a tailwind as customers lift spending on energy security and reconstruction. Honeywell completed the spinoff of its advanced materials unit into a standalone company called Solstice Advanced Materials in October last year, while the remaining automation business will operate as Honeywell Technologies. Honeywell Technologies expects to post 2026 adjusted profit between 3.95 and 4.15 per share, and forecast revenue in the range of 19.9 billion to 20.2 billion. It expects annual free cash... https://www.gurutrade.com/news/honeywell-holds-annual-forecast-ahead-of-aero-spinoff-1780933599.html Mon, 08 Jun 2026 05:40:43 +0300 https://www.gurutrade.com/news/j-j-to-buy-cancer-drug-developer-firefly-bio-for-1b-1780934184.html June 8 Reuters Johnson Johnson said on Monday it will acquire biotech Firefly Bio for 1 billion in cash, as it looks to expand its cancer drug pipeline. Firefly39;s Firelink platform uses antibodies to deliver a proteindegrading drug directly into cancer cells, an approach JJ says could help attack tumors while sparing more healthy tissue than existing treatments. The platform for tumors with a mutation in a gene known as KRAS bolsters Johnson Johnson39;s oncology pipeline and ambition to develop targeted medicines for the most prevalent and hardtotreat solid tumors with high unmet need, said the drugmaker. continue to face limited treatment options with survival measured in months, not years, said John Reed, executive vice president, innovative medicine, research development at JJ. The transaction is expected to close later this year. Reporting by Puyaan Singh in Bengaluru; Editing by Shinjini Ganguli Source Reuters https://www.gurutrade.com/news/j-j-to-buy-cancer-drug-developer-firefly-bio-for-1b-1780934184.html Mon, 08 Jun 2026 03:10:55 +0300 https://www.gurutrade.com/news/nvidia-s-ai-pc-push-banks-on-unproven-user-demand-1780935209.html June 8 Reuters Nvidia39;s entry into the AI PC market with its RTX Spark superchip last week is less a breakthrough for regular users than a highstakes bet that a largely unproven concept can find wider appeal, analysts said. At the Computex trade show in Taiwan, the chipmaker pitched a future where laptops run large AI models locally and act as personal digital agents, no cloud needed. It39;s a claim that PC makers HP and Dell have made for nearly three years now, only to be met with skepticism from Wall Street and consumers, with high prices outweighing tangible benefits. Nvidia, though, appears to be selling a different version of the AI PC than what exists today, one aimed more at developers and content creators who have long favored Apple39;s highend MacBook Pros. Six companies Microsoft, Asus, HP, Lenovo, Dell, and MSI  will make PCs using the chip. These stocks surged after Nvidia39;s announcement on June 1. RTX Spark doesn39;t make traditional PCs obsolete. It creates a new category between the workstation and the AI server, said Kevin Hein, analyst at Tirias Research. The chip combines a central processor, graphics engine and up to 128 gigabytes of unified memory, making it capable of running large AI models locally, something current AI PCs cannot do at scale. Nvidia says it could reshape how people interact with computers, with AI agents handling tasks such as generating videos or debugging code. Existing AI PCs, marketed heavily over the past two... https://www.gurutrade.com/news/nvidia-s-ai-pc-push-banks-on-unproven-user-demand-1780935209.html Mon, 08 Jun 2026 02:10:48 +0300 https://www.gurutrade.com/news/citi-lifts-s-p-500-year-end-target-to-8-100-on-ai-boom-1780916474.html June 8 Reuters Citigroup became the latest Wall Street brokerage to raise its 2026end target for the SP 500 index beyond the 8,000 mark, citing resilience in corporate earnings and AIdriven growth. The widely tracked benchmark index is up nearly 8 so far this year, but fell sharply on Friday following strongerthanexpected nonfarm payrolls data. The brokerage lifted its index target to 8,100 from 7,700, implying an upside of roughly 10 from the index39;s last close. The firm also raised its SP 500 earningspershare forecast to 350 for 2026, up from 320 set in December 2025, and introduced a 400 preliminary target for 2027. Citigroup joins a wave of bullish calls from brokerages that expect AI momentum and strong corporate earnings to offset the inflationary pressures and supply risks from the Middle East conflict in the short term. We have high confidence in continued earnings beats through yearend, Citigroup said in a note dated June 5. However, Citi warned that the persistence of AIdriven growth beyond 2027 remains a key question. Our view is that this is not a traditional cycle and looks more like a onetime capex supercycle... thus increasing the burden on earnings growth and related expectation to drive index price action. Citi strategists said that while AIrelated ecosystems are expected to expand beyond technology firms, attention will eventually shift to whether U.S. companies can deliver on the productivity gains promised by AI, beyond 2027. Beyond... https://www.gurutrade.com/news/citi-lifts-s-p-500-year-end-target-to-8-100-on-ai-boom-1780916474.html Mon, 08 Jun 2026 12:30:28 +0300 https://www.gurutrade.com/news/intesa-board-backs-buying-3-generali-stake-in-mps-bid-1780909657.html MILAN, June 8 Reuters Italy39;s biggest bank Intesa Sanpaolo said on Monday its board had approved buying a 3.01 stake in insurer Generali as part of its unsolicited 30.6 billion 35 billion bid to buy smaller rival Monte dei Paschi di Siena MPS. The transaction is purely financial in nature, is temporary and is anyway aimed at ensuring that the offeror may continue, following the successful completion of the offer, to use the equity method accounting treatment currently applied to the stake held by Mediobanca in Generali, Intesa said in a statement. Intesa said its board approved the execution of a hedging derivatives contract with a leading financial counterparty, with the stake in Generali as the underlying asset. MPS bought rival Mediobanca last year. The deal handed it a 13 stake in Generali, making it the biggest investor in the country39;s top insurer a coveted asset in Italian finance. Intesa, whose business model is focused on wealth management and insurance, had attempted to buy Generali in 2017, but dropped the plan and grew its insurance business internally. Italy39;s secondbiggest bank UniCredit last year built a large stake in Generali. 1 0.8679 euros Reporting by Gianluca Semeraro; Editing by Valentina Za Source Reuters https://www.gurutrade.com/news/intesa-board-backs-buying-3-generali-stake-in-mps-bid-1780909657.html Mon, 08 Jun 2026 10:10:17 +0300 https://www.gurutrade.com/news/lululemon-stock-falls-as-outlook-cut-pressures-new-ceo-1780679778.html Executives cite brand backlash and muted response to product launches as key challenges Secondquarter sales expected to decline for first time since pandemic Investors focus on incoming CEO Heidi ONeill to revive growth in U.S. Shares hit over 7year low June 5 Reuters Lululemon Athletica shares fell about 8 on Friday after the athleisure wear maker cut its annual profit forecast, fanning worries over the pace of its turnaround and shifting focus to the challenges awaiting the incoming CEO. The selloff highlights growing investor unease over the once highflying yoga wear brand, following a proxy battle with founder Chip Wilson and a series of product missteps that have dented its image, ahead of former Nike executive Heidi ONeill taking over in September. Brand momentum is fading, share losses are building, and sales per foot are deteriorating .... The damage under the prior CEO is significant and long lasting, Jefferies analysts said, adding that the company needs a full strategic reset under the new CEO. BRAND PRESSURE, LACKLUSTER INNOVATION In the quarter, Lululemon attributed the sales weakness in part to a spike in negative commentary across media and social platforms, linked to a monthslong proxy fight in which founder Wilson criticized the companys leadership. It also blamed product launches that failed to resonate with its core affluent female shopper. Wilson, who is one of the company39;s biggest independent shareholders, had accused the brand of... https://www.gurutrade.com/news/lululemon-stock-falls-as-outlook-cut-pressures-new-ceo-1780679778.html Fri, 05 Jun 2026 07:30:20 +0300 https://www.gurutrade.com/news/china-hk-users-cannot-access-spacex-website-ipo-documents-1780658874.html SpaceX IPO marketing materials inaccessible, Reuters review finds IT expert says rare block is likely a company decision Musk39;s China popularity contrasts with US scrutiny over alleged Chinese investment HONG KONG, June 5 Reuters SpaceX39;s website and IPO marketing documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step that threatens to curb participation by investors there in a listing expected to be the world39;s largest. Elon Musk39;s SpaceX aims to raise 75 billion, the most globally in an IPO, in a deal that would value the company at 1.75 trillion, immediately vaulting it into the ranks of the 10 most valuable U.S.listed firms. The company kicked off marketing roadshows on Thursday in New York and its IPO roadshow materials were posted on its website, accessible to users in most major Asian markets, except for mainland China and Hong Kong, the Reuters review showed. Both institutional and retail investors access a company39;s IPO marketing material to better acquaint themselves with the business and financial details of such candidates, to ensure they pick the best investment prospects. Reuters could not immediately establish why and since when the website of SpaceX, the rocket, satellite and AI company, and the IPO material were restricted in mainland China and the world39;s No. 1 wealth hub of Hong Kong. SpaceX did not immediately respond to Reuters39; request for comment outside U.S. working hours.... https://www.gurutrade.com/news/china-hk-users-cannot-access-spacex-website-ipo-documents-1780658874.html Fri, 05 Jun 2026 01:30:01 +0300 https://www.gurutrade.com/news/china-s-dajin-heavy-ends-flat-in-hong-kong-debut-1780663490.html HONG KONG, June 5 Reuters Shares of Dajin Heavy Industry , a Chinese maker of wind power equipment, ended flat following their Hong Kong debut on Friday after a share sale of up to HK6.64 billion 847.57 million. The stock opened flat relative to the offer price at HK66.4 before slipping to HK59.05. It last traded at HK66.4 a share with 17.95 million shares worth HK1.16 billion changing hands. The benchmark Hang Seng Index slipped 1.15. Dajin sold 86.97 million shares at HK66.40 each in a global offering. It exercised an option to upsize the offering by 15, or 13.04 million shares, adding about HK866 million. Cornerstone investors took up about HK2.8 billion of shares, or nearly half of the base offering. They include Singapore39;s GIC, Hillhouse and UBS Asset Management Singapore. Shenzhenlisted Dajin plans to use 55 of the proceeds to enhance deepsea wind power services and 20 to fund the construction of an assembly operation in Europe. The rest will be used for research and development, overseas market expansion and working capital. Dajin makes offshore wind foundations, towers and related equipment. It said it ranked as Europe39;s largest offshore wind foundation supplier by monopile sales value in the first half of 2025, citing consultancy firm Frost Sullivan. The company39;s net profit more than doubled in 2025 to 1.10 billion yuan 162.40 million, while revenue rose 63.3 to 6.17 billion yuan. Huatai Financial and China Merchants Securities were joint... https://www.gurutrade.com/news/china-s-dajin-heavy-ends-flat-in-hong-kong-debut-1780663490.html Fri, 05 Jun 2026 11:50:52 +0300 https://www.gurutrade.com/news/apollo-backs-out-of-2-bln-takeover-pursuit-of-uk-s-bodycote-1780651049.html June 5 Reuters U.S.based Apollo Global Management does not intend to make a firm offer for British thermal processing services company Bodycote, the groups said on Friday, ending talks over a 1.52 billion 2.04 billion proposal. The alternative asset manager had submitted a conditional allcash bid to Bodycote last month following several previous approaches, sending its shares surging as the 885 pence per share offer stood at a nearly 27 premium. Apollo, which gave no reason for its decision, will now be restricted from making another approach for six months under British takeover rules, apart from under some specific conditions. Apollo continues to hold Bodycote and its management team in high regard, is appreciative of the discussions with them and Bodycote39;s board of directors, the group said in a statement. 1 0.7450 pounds Reporting by Neeshita Beura in Bengaluru; Editing by Harikrishnan Nair and Mrigank Dhaniwala Source Reuters https://www.gurutrade.com/news/apollo-backs-out-of-2-bln-takeover-pursuit-of-uk-s-bodycote-1780651049.html Fri, 05 Jun 2026 10:50:49 +0300 https://www.gurutrade.com/news/uk-s-raspberry-pi-hikes-profit-forecast-after-solid-h1-1780647759.html June 5 Reuters Singleboard computing company Raspberry Pi on Friday raised its fullyear 2026 profit forecast, saying strong AIrelated demand was expected to result in adjusted core profit significantly ahead of market expectations for the year. The company expects firsthalf core profit of at least 38 million, with unit shipments of over 4 million for the six months ending June 30. The performance is likely to be helped by growth in volumes, a favourable product mix, and inventory stockpiled in FY 2025. Raspberry Pi, however, warned that margins per unit would moderate in the second half as memory chip inventory shrinks. It said it would tap debt facilities to make strategic memory purchases to secure supply amid an unprecedented scarcity driven by surging AI demand. Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sonia Cheema Source Reuters https://www.gurutrade.com/news/uk-s-raspberry-pi-hikes-profit-forecast-after-solid-h1-1780647759.html Fri, 05 Jun 2026 09:50:51 +0300 https://www.gurutrade.com/news/switch-in-talks-to-raise-funds-at-50bn-plus-valuation-the-information-1780659955.html June 4 Reuters Data center developer Switch is in talks to raise billions of dollars at a valuation of at least 50 billion, The Information reported on Thursday, citing people with knowledge of the deal. Here are some details Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, the report said. The fundraising round could possibly set up Switch for an initial public offering, which could come as early as next year, according to the report. Goldman Sachs and JP Morgan bankers are working with Switch to help with the fundraise, the report said. Switch did not immediately respond to Reuters39; request for comment outside regular business hours. Reuters could not immediately verify the report. Dealmaking in the data center and server industry has witnessed an uptick with the rapid growth of artificial intelligence. Switch was founded in 2000 by CEO Rob Roy, and is headquartered in Las Vegas, Nevada. The company counts Nvidia, Fedex, Tesla and Logitech among its clients, per its website. Reporting by Angela Christy in Bengaluru; Editing by Sherry JacobPhillips Source Reuters https://www.gurutrade.com/news/switch-in-talks-to-raise-funds-at-50bn-plus-valuation-the-information-1780659955.html Fri, 05 Jun 2026 07:30:47 +0300 https://www.gurutrade.com/news/crowdstrike-shares-drop-as-mythos-fails-to-cheer-1780590883.html Analysts cite profittaking after 90 rally since March earnings Demand for AIdriven cybersecurity software remains strong Shares of Netskope and Palo Alto Networks also fall June 4 Reuters CrowdStrike shares slid 7 on Thursday after the company39;s quarterly forecasts failed to meet steep investor expectations, even though demand for cybersecurity software was buoyed after Anthropic announced its Mythos AI model. If the losses persist, the cybersecurity firm39;s market valuation of nearly 190 billion would shrink by 13 billion. Some analysts attributed the selloff to profittaking by investors as CrowdStrike shares have soared about 90 since the company39;s last earnings report in March. As of Wednesday39;s close, the stock had gained nearly 60 this year. CrowdStrike, like its peers such as Palo Alto Networks, has benefited from strong demand for its AIpowered cybersecurity software, as enterprises look to secure their systems from attackers using technology to steal data. What the Mythos moment proved is that the world starting from the frontier AI labs themselves realized that AI needs a cybersecurity ecosystem, CrowdStrike CEO George Kurtz told analysts on a postearnings call on Wednesday. His comments mirrored those by industry rivals. But analysts say investors sought even stronger growth as Kurtz touted a deluge of customer, prospect and partner inquiries following the April launch of Anthropic39;s Project Glasswing, in an effort to secure critical software... https://www.gurutrade.com/news/crowdstrike-shares-drop-as-mythos-fails-to-cheer-1780590883.html Thu, 04 Jun 2026 07:20:25 +0300 https://www.gurutrade.com/news/broadcom-to-lose-300bn-as-ai-results-miss-mark-1780587969.html Broadcom results spark selloff in chip sector Unchanged fiscal 2027 AI revenue forecast disappoints investors Broadcom also missed secondquarter revenue expectations Stock may take a pause for a few quarters, analyst says June 4 Reuters Broadcom shares slumped more than 14 on Thursday, dragging chip peers lower, after the company39;s results fell short of lofty expectations around demand for its custom AI chips business. The losses, if sustained, will erase more than 315 billion from the company39;s market value of about 2.268 trillion, in one of the biggest oneday wipeouts ever. Broadcom39;s crucial role in helping design inhouse processors of firms like Alphabet and Meta that serve as alternatives to Nvidia39;s costly chips has made it one of the biggest winners of the AI boom. After years of treading water, its stock has jumped more than eightfold since ChatGPT39;s 2022 launch. Shares have climbed 38 this year, as of last close, including a 15 rally in the two weeks ahead of its earnings after rival Marvell Technology39;s strong results. But Broadcom faces tougher competition and its eyewatering gains have left little room for error, analysts said, adding the decision to reiterate, rather than raise, its 100 billion AI revenue forecast for fiscal 2027 disappointed investors. Its secondquarter revenue of 22.19 billion also missed expectations, while its currentquarter AI chip sales forecast of 16 billion was slightly below Wall Street estimates. Still, the... https://www.gurutrade.com/news/broadcom-to-lose-300bn-as-ai-results-miss-mark-1780587969.html Thu, 04 Jun 2026 05:50:04 +0300 https://www.gurutrade.com/news/singapore-airlines-in-talks-for-major-new-jet-order-sources-1780588802.html PARISHONG KONG, June 4 Reuters Singapore Airlines SIA is in talks with Airbus and Boeing to buy at least 50 of the industry39;s biggest jets, as it plans a next phase of growth from next decade, two industry sources said. The Southeast Asian carrier is seeking offers for more 400seat Boeing 777X, the industry39;s largest current model, or for the slightly smaller Airbus A3501000, they said. Talks are at an early stage but could include options for dozens more jets. SIA said it regularly reviews fleet renewal plans and declined to comment on any confidential discussions that we may or may not be having. Airbus and Boeing declined to comment. SIA is one of the largest buyers of longhaul jets, with a reputation for meticulous and closely held aircraft negotiations that can influence fleet decisions worldwide. It said last month it would continue to expand capacity even as some rivals cut flights due to higher oil prices. The airline is a longstanding operator of the Boeing 777 minijumbo and was an early customer for the 777X successor, which has run into significant delays. LARGER VARIANTS The Singapore talks could also help manufacturers, notably Airbus, gauge demand for larger aircraft variants still on the drawing board, the sources said. Airbus said last year it was considering a larger A350 model, dubbed the A3502000, to compete more directly with the 777X, though it has played down reports of an imminent project. It first floated the idea during an earlier SIA... https://www.gurutrade.com/news/singapore-airlines-in-talks-for-major-new-jet-order-sources-1780588802.html Thu, 04 Jun 2026 04:10:31 +0300 https://www.gurutrade.com/news/sk-hynix-us-listing-plan-wins-investor-backing-source-1780590353.html Investors like SK Hynix39;s strong position in AI memory chips, says source US listing seen expanding access to US institutional investors SK Hynix expects favorable HBM pricing to persist into next year SEOUL, June 4 Reuters SK Hynix told investors this week it received tremendously positive feedback on its proposed U.S. listing as the chipmaker benefits from strong demand for advanced memory semiconductors needed to run AI data centers, a source familiar with the matter said on Thursday. The South Korean memorychipmaker made a confidential filing to list shares in the U.S. this year, which a source said in March could raise as much as 14 billion. The fundraising follows a blistering 250 surge in its share price this year on an AIdriven rally. Its market value topped 1 trillion last week, making it the third company in Asia to hit the milestone after Taiwan39;s TSMC and Samsung Electronics. SK Hynix told some investors this week that it had tremendously positive feedback from stockholders to its U.S. listing plan given AI demand and the company39;s competitive position in the memorychip market, the person said. The company, a major supplier to Nvidia, expects a U.S. listing to broaden its investor base, as some U.S.based institutional investors invest in U.S.listed stocks only due to internal mandates, the person said. It also told investors the company could not provide specific updates on the listing process as a review by the U.S. Securities and Exchange... https://www.gurutrade.com/news/sk-hynix-us-listing-plan-wins-investor-backing-source-1780590353.html Thu, 04 Jun 2026 02:30:21 +0300 https://www.gurutrade.com/news/universal-music-buys-back-ackman-stake-after-failed-bid-1780589811.html June 4 Reuters Universal Music Group UMG.AS, opens new tab said on Thursday it has repurchased some of the shares sold by Bill Ackman39;s Pershing Square PSHP.L, opens new tab, after the billionaire investor39;s takeover proposal for the music company was rejected. Pershing Square was seeking to sell around 80.6 million UMG shares in an overnight placing, expecting to earn at least 600 million in profits from the investment, Bloomberg News and the Wall Street Journal reported on Wednesday. Pershing declined to comment. Ackman39;s exit marks the end of a fiveyear relationship that began with the billionaire hedge fund manager as a board ally and ended with a failed 64 billion bid. UMG, the music label home to Taylor Swift and Kendrick Lamar, said it bought back more than 14 million ordinary shares as part of Pershing39;s disposal for roughly 250 million 290.6 millionat 17.66 apiece. Shares of UMG, listed in Amsterdam, fell nearly 7 by midmorning trading, adding to a 20 loss in value since January. Pershing had a 4.7 stake in UMG according to LSEG data. The share sale follows an unsuccessful attempt by Ackman known for his aggressive activist campaigns to buy UMG in a cashandstock deal valued at about 55.75 billion, according to Reuters calculations. The unsolicited bid, announced in April, was rejected by UMG39;s board last month on the grounds that it materially undervalued the company. France39;s billionaire Bolloré family, UMG39;s largest shareholder with an... https://www.gurutrade.com/news/universal-music-buys-back-ackman-stake-after-failed-bid-1780589811.html Thu, 04 Jun 2026 02:10:18 +0300 https://www.gurutrade.com/news/tsmc-works-to-meet-chip-demand-wants-to-hike-prices-1780573799.html TSMC CEO says customers are positive on outlook for AI Company is working very hard to meet demand TSMC is monitoring the impact of rising component costs Company flags interest in higher chip prices CEO it will take a 39;very long time39; to satisfy US demand with USbased production HSINCHU, Taiwan, June 4 Reuters Taiwan39;s TSMC, the world39;s largest contract chipmaker, is striving to keep up with demand and avoid becoming a bottleneck in the global supply chain during the relentless boom in artificial intelligence, its CEO said on Thursday. C.C. Wei, speaking at the company39;s annual shareholder meeting in the Taiwanese city of Hsinchu, said customers are still upbeat on the outlook for AI, while TSMC is monitoring the impact of rising component costs. Customer demand is so high, and we can only support so much. We are already working very hard, Wei told reporters after the meeting, adding that the rapid growth of AI had left many suppliers and upstream vendors struggling to meet demand. We are doing our best to ensure TSMC does not become a bottleneck, he said, adding that such constraints exist throughout the supply chain. Asked during the shareholder meeting whether TSMC could raise prices for customers, Wei said he would like to do that, although he added the company would refrain from the abrupt price hikes that some memory firms have imposed. I envy their 80 gross margins, but I would never do that, he told reporters. TAIWAN HAS CRUCIAL ROLE... https://www.gurutrade.com/news/tsmc-works-to-meet-chip-demand-wants-to-hike-prices-1780573799.html Thu, 04 Jun 2026 01:50:09 +0300 https://www.gurutrade.com/news/amazon-unveils-new-ai-warehouse-robot-in-12-bln-europe-push-1780591368.html Plans European deployment of Proteus robot in first half of 2027 STARK system to expand to 15 sites across Europe by 2027 Plans grocery expansion with faster delivery DARTFORD, England June 4 Reuters Amazon on Thursday unveiled an upgraded AIpowered mobile robot for its warehouses that can respond to conversational prompts, as part of a 10 billion 11.6 billion investment in its European fulfilment network. The Seattlebased ecommerce giant showcased the nextgeneration Proteus robot at its Delivering the Future event at its Dartford fulfilment centre east of London, as it works to speed up deliveries. The current Proteus, deployed at 25 U.S. sites, operates only in dock areas, moving carts weighing up to nearly 400 kg 882 lbs. NEW MODEL FIGURES OUT TASKS, ROUTES The new version, due in Europe in the first half of 2027, can operate across warehouse floors and marks a shift in how employees interact with robots. You tell it what needs to be done. It figures out the priority, the route, the timing, said Scott Dresser, vice president of Amazon Robotics. Amazon also showcased STARK, a robotic totehandling system first piloted in Barcelona and set to roll out to 15 European sites by 2027, and Vulcan, its first robot with a sense of touch. GROCERY EXPANSION Amazon said it will launch more than 25 subsameday delivery sites across Europe this year, including in Britain and Germany. Amazon Now, its ultrafast essentials delivery service, will expand to Manchester and... https://www.gurutrade.com/news/amazon-unveils-new-ai-warehouse-robot-in-12-bln-europe-push-1780591368.html Thu, 04 Jun 2026 12:40:18 +0300 https://www.gurutrade.com/news/foxconn-and-intel-team-up-to-build-next-gen-ai-systems-1780589337.html TAIPEI, June 4 Reuters Foxconn said on Thursday it will work with U.S. chipmaker Intel to jointly develop and deploy nextgeneration AI infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Taiwan39;s Foxconn, the world39;s largest contract electronics manufacturer, said in a statement that the partnership would combine Intel39;s chip technology with Foxconn39;s manufacturing and systembuilding expertise. The companies plan to work on equipment used in AI data centres, including server racks powered by Intel Xeon processors and AI accelerator chips. They will also focus on highspeed interconnect technologies, cooling designs and energy efficiency solutions in AI systems. Foxconn and Intel also aim to develop AI systems for use outside traditional data centres, including in factories, smart cities and robots. Our collaboration with Intel will combine the strengths of both companies across computing platforms, system integration, and global supply chain capabilities, Foxconn Chairman and CEO Young Liu said in the statement. The companies also said they would explore work on custom chips and system integration solutions. Foxconn and Intel did not give details on the financial value of the collaboration, name any customers or offer a launch timeline. Reporting by WenYee Lee; Writing by Ethan Wang; Editing by Christopher Cushing and Joe Bavier Source Reuters https://www.gurutrade.com/news/foxconn-and-intel-team-up-to-build-next-gen-ai-systems-1780589337.html Thu, 04 Jun 2026 11:10:25 +0300