Business

On Holding Cuts Sales Outlook as Consumer Demand Weakens, Shares Slide

On Holding shares slid after the Federer-backed sportswear maker cut its annual sales outlook and missed quarterly revenue estimates on weaker consumer dem

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

Luigi Mangione Returns to Manhattan Court Ahead of September Murder Trial

Luigi Mangione appeared in a Manhattan court ahead of his September 8 murder trial over the killing of UnitedHealthcare CEO Brian Thompson.

Russian Aerial Attacks Kill Nine in Ukraine as Zelenskyy Cites North Korean Missiles

Russian aerial attacks killed at least nine civilians across Ukraine as Zelenskyy warned Moscow is using North Korean missiles and preparing to deploy more

Freedom Holding Corp. Signs New Partnerships: How China Is Reshaping Kazakhstan’s Technology Agenda

Kazakhstan is gradually turning into a platform where international technology companies test joint digital projects of strategic importance for the entire Central Asian region.

Gap Raises Profit Outlook After Strong Old Navy Performance in Q2

Gap Inc. has raised its full-year profit outlook after reporting better-than-expected second-quarter results, driven largely by strong performance at its Old Navy brand. The...

General Motors Rebrands BrightDrop Vans Under Chevrolet to Boost Sales and Accessibility

General Motors (GM) is rebranding its all-electric BrightDrop commercial vans under the Chevrolet name in a strategic move aimed at increasing sales, accessibility, and...

Stephen Curry Signs Historic $62.6 Million Extension with Golden State Warriors

Stephen Curry, the NBA superstar, has agreed to a one-year, $62.6 million extension with the Golden State Warriors, as confirmed by his agent. This...

Lululemon Lowers Guidance After Q2 Revenue Miss and Botched Product Launch

Lululemon faced challenges in its fiscal second quarter, leading to its first revenue miss in over two years and a downward revision of its...

Ulta Beauty Misses Q2 Expectations, Lowers Full-Year Guidance Amid Sales Decline

Ulta Beauty's shares dropped 7% in extended trading on Thursday after the company missed second-quarter expectations and revised its full-year guidance downward. This marks...

Airlines Defer Aircraft Orders Amid Profit Challenges and Engine Issues

Airlines that once eagerly sought new jets are now shifting their strategies. Facing financial pressures and operational challenges, especially due to engine issues, several...

FDA Authorizes Novavax’s Updated Covid Vaccine for Emergency Use in Ages 12 and Up

The Food and Drug Administration (FDA) has granted emergency use authorization for Novavax's updated Covid-19 vaccine for individuals aged 12 and older. This approval...

HMD Global and Mattel Unveil Nostalgic Barbie-Themed Flip Phone

HMD Global, the company behind Nokia-branded phones, has teamed up with Mattel, the iconic toymaker, to introduce the HMD Barbie Phone. This pink feature...

Chinese Mother Suspects IVF Embryo Mix-Up After Seeing Look-Alike Child in Viral Video

A mother in China, surnamed Wang, sparked widespread attention after suspecting that a little girl seen in a viral video might have a biological...

Edgar Bronfman Jr. Competes for Paramount Global Stake, Proposes Keeping Shari Redstone Involved

Edgar Bronfman Jr. has made a $6 billion bid to acquire a controlling stake in Paramount Global, potentially allowing Shari Redstone, the current non-executive...

Restaurants Navigate Rising Costs with Surcharges Amid “Junk Fees” Debate

Lawmakers are intensifying efforts to eliminate “junk fees,” but restaurants are attempting to avoid being caught in the crossfire. In recent years, surcharges covering...

Boeing’s Starliner Capsule to Return Empty from ISS Due to Technical Issues

Boeing's Starliner capsule, currently docked at the International Space Station (ISS), will return to Earth without the NASA astronauts it delivered in early June,...

Mavericks and Pelicans Exit Regional Sports Networks Amidst Diamond Sports Bankruptcy

Fans of the Dallas Mavericks and New Orleans Pelicans are anticipating a new way to watch local games as the upcoming NBA season approaches....

Surge in Crypto Millionaires: Global Count Nearly Doubles Amidst Rising Bitcoin ETFs

The population of crypto millionaires around the world has soared by 95% over the past year, with the number of individuals holding more than...

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