The Italian edge AI provider beat its own guidance with H1 2026 net sales of €98.8 million and forecast record Q3 revenue of approximately €60 million, driving shares sharply higher in a down market.
Shares of the property and casualty insurer fell after both UBS and HSBC lowered their ratings, citing expectations of deteriorating underwriting margins and normalizing profitability in the coming months.
Major Chinese mall operators saw same-store sales growth decelerate in June due to a high base, weather, and seasonal factors, according to a new report from Morgan Stanley. However, broader retail metrics showed some signs of improvement.
A Bernstein survey of chief information officers shows a growing divergence in IT spending, with US outlooks rising by 60 basis points while European forecasts fall by 130 basis points. AI, cybersecurity, and cloud remain top priorities, benefiting major vendors like Microsoft and AWS.
A new study by Bernstein reveals that emerging markets are deriving more value and time savings from artificial intelligence than developed economies, challenging the narrative of a widening AI gap.
Swedish private equity firm EQT AB has increased its non-binding takeover proposal for Australian financial services provider Perpetual to A$2.50 billion, prompting the company's board to assess the revised offer.
JPMorgan is expanding its corporate banking operations across Europe, the Middle East, and Africa, planning to hire 30 senior bankers by year-end to challenge regional lenders and grow its client base.
U.S. replacement tire shipments for light vehicles increased 3.8% year-over-year in June, rebounding from a May decline, according to data from the US Tire Manufacturers Association.
Financial services firm Jefferies reports that tokenization is moving beyond the experimental stage into early strategic adoption within European financial market infrastructure, with a focus now on solving specific problems like collateral mobility.
