The German sports car manufacturer is reportedly aiming for multibillion-euro savings from a long-term cost-cutting initiative, according to comments from its CFO cited by the business daily Handelsblatt.
Upcoming quarterly results from four megacap tech companies will be a key test for a U.S. stock market that has seen a recent rotation out of its largest names and into a broader range of sectors. Investors are closely watching to see if the market can maintain its footing amid weakness from its former leaders.
Shares of data center infrastructure provider Vertiv fell sharply after its second-quarter revenue fell short of analyst expectations, triggering a sell-off despite a strong earnings report and raised full-year guidance.
India's Nifty 50 and BSE Sensex indices rose over 1.1% on Wednesday, driven by strong performance in the technology and metals sectors. Volatility declined as market breadth showed more advancing stocks than decliners.
Shares of the AI-driven insurer Lemonade (LMND) fell sharply in pre-market trading after its second-quarter financial results failed to meet high investor and analyst expectations.
A group of Democratic senators is questioning Health and Human Services Secretary Robert F. Kennedy Jr. about potential financial conflicts of interest related to a recent $50 million settlement involving Merck's Gardasil vaccine.
Options markets indicate a potential $190 billion shift in Microsoft's market value following its upcoming earnings, reflecting heightened investor focus on the returns from its substantial investments in artificial intelligence.
A widespread cyclosporiasis outbreak linked to contaminated lettuce is causing a significant drop in foot traffic at major restaurant chains and a sharp decline in retail lettuce sales, according to recent industry data.
Shares of German asset manager DWS Group fell sharply after its second-quarter earnings missed analyst expectations, as lower fees and higher costs overshadowed record assets under management and strong net inflows.
