The European Commission has charged TikTok with breaching the Digital Services Act, alleging the platform's design features fail to adequately protect minors from online risks. The social media giant could be fined up to 6% of its global annual turnover if found in breach.
U.S. hotel operators are expected to post strong Q2 results driven by the FIFA World Cup, while online travel agencies may issue conservative forecasts amid geopolitical uncertainty in the Middle East.
Kia's stock fell sharply after its second-quarter operating profit fell short of analyst expectations, as record sales were undermined by higher warranty costs, increased incentives, and U.S. tariffs.
A sharp surge in jet fuel costs is forcing major US carriers like American Airlines to slash their financial outlooks, revealing how quickly energy market volatility can undermine strong travel demand.
Shares of the Finnish crane manufacturer fell sharply after it reported second-quarter earnings and revenue that fell significantly short of analyst forecasts, raising concerns about its full-year profitability targets.
Shares of the semiconductor packaging firm surged after it announced a multi-year partnership with Nvidia, including a significant prepayment to expand its U.S. advanced packaging capabilities for AI chips.
The Trump administration announced a non-binding pledge from tech and utility companies to fund energy infrastructure for AI data centers, but critics question if the voluntary measure will prevent rising electricity costs for consumers.
Indian benchmark indices, the Nifty 50 and BSE Sensex, both fell by 0.43% to close at a one-month low on Friday, dragged down by losses in the auto, consumer goods, and healthcare sectors.
Wedbush Securities cut its rating on the French video game publisher to Neutral from Outperform and slashed its price target, citing growing concerns over the company's debt strategy and a lack of visibility into future game releases.
