Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch
While hardware sales took a hit in Sony’s fourth-quarter, strong revenue from its image sensing and music businesses offset the dip.
UK bond vigilantes circle gilts as election losses hit PM Starmer
The U.K. is counting votes after an election of local councilors and devolved governments on Thursday.
Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline
President Donald Trump said he will give the European Union until July 4 to ratify its trade agreement with the U.S.
Tech stocks could offer their best value in years, analysts say, after stellar earnings season
A succession of strong earnings seasons since then has allowed tech stocks to “grow into” their stock prices.
Nintendo hikes Switch 2 prices and expects console sales to decline as memory crunch bites
Nintendo said the price of the Switch 2 in the U.S. will rise from $449.99 to $499.99. In Japan, Nintendo will hike the price from 49,980 yen to 59,980 yen.
‘Not a Chance Hormuz Opens’: How Wall Street’s new NACHO trade bets on a prolonged oil shock
Traders are embracing the “NACHO” trade, betting Hormuz disruptions and elevated oil prices will persist longer than expected.
Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump
The world’s largest automaker by sales volume saw a 1.89% year-on-year rise in revenue during the fourth quarter ended March.
Why pension funds are doubling down on private credit despite deepening cracks
Pension funds are sticking with private credit, and in some cases doubling down even as concerns mount over underwriting standards, valuation opacity and sector concentration.
Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths
Thanks to the Iran war, big issues for U.S. businesses like rare earths and supply chains may take a back seat on the agenda for the Trump-Xi summit.
Cloudflare stock sinks 18% after earnings as company cuts 1,100 employees due to AI changes
The cloud provider announced it is laying off 20% of its workforce as agentic artificial intelligence “fundamentally changes” the company’s work.