Volkswagen CEO Oliver Blume is set to present a sweeping restructuring program to the company's supervisory board, with proposals reportedly including significant job cuts, plant closures, and reduced investment spending.
Shares of IBM fell after a report revealed that client Starbucks is building its own AI-powered software, raising concerns about growing competition from customers developing proprietary solutions.
Defense contractors including Lockheed Martin, Saab, and Northrop Grumman have secured a series of agreements totaling over $50 billion at a NATO summit in Ankara, as member nations move to increase military spending.
The Norwegian aquaculture company's shares soared after SalMar ASA agreed to acquire a majority stake for NOK 3.4 billion, offering a premium price of NOK 39.50 per share.
The German sugar producer raised its full-year sales outlook after first-quarter operating profit surged on lower costs and higher ethanol prices, despite a dip in overall revenue.
U.S. semiconductor stocks rebounded in premarket trading, following a significant rally in their Chinese counterparts ahead of a major memory chip IPO. The recovery follows a selloff earlier in the week sparked by a negative reaction to Samsung's strong earnings.
European natural gas futures pulled back from recent highs on Thursday as markets digested the impact of renewed U.S.-Iran tensions that threaten key LNG shipping routes and Europe's energy security.
The Italian luxury brand's stock gained after JPMorgan placed it on 'Positive Catalyst Watch,' forecasting strong first-half results and margin expansion ahead of the July 30 report.
Levi Strauss shares declined despite the company reporting fiscal second-quarter earnings and revenue that surpassed analyst estimates. The sell-off was driven by a third-quarter and full-year forecast that pointed to slowing growth, raising concerns among investors.
