Goldman Sachs has downgraded Mattel to a Sell rating, citing significant operational challenges and macroeconomic headwinds that are expected to weigh on the toymaker's performance.
Germany will purchase Tomahawk cruise missiles from the United States, establishing its own long-range strike capability in a departure from a previous plan for U.S. deployments on its soil.
Shares of battery maker Enovix jumped after the company announced it hired Michael Vyvoda, a former Apple operations leader, as its new Chief Operating Officer to oversee its global production scale-up.
PepsiCo shares slipped after its Q2 earnings per share narrowly missed analyst estimates. Despite a revenue beat, weakness in North American food sales and a decision to not raise full-year guidance weighed on investor sentiment.
A consortium led by venture firm B Capital and pension giant Calpers has agreed to buy asset manager Russell Investments for $2.8 billion, aiming to integrate artificial intelligence into the firm's operations, according to a Bloomberg report.
Saudi Arabia's Tadawul All Share index fell 0.42% on Thursday, weighed down by declines in the media, insurance, and energy sectors. The drop came despite a rally in global crude oil prices.
Shares of the Danish shipping giant fell despite the company announcing operational improvements from resuming its Middle East to U.S. East Coast service via the Red Sea, a move that could signal normalizing freight rates.
JPMorgan has downgraded Stellantis to Neutral from Overweight, citing a longer-than-expected timeline for cost savings to boost profitability and increasing competitive pressure.
Futures for Canada's main stock index dipped on Thursday as renewed U.S.-Iran hostilities sparked a surge in oil prices, heightening investor concerns about persistent inflation.
