A recent downgrade of Alphabet (NASDAQ:GOOG) by a Rosenblatt analyst has brought attention to multiple areas of transitional risk that the tech giant is facing. The investment bank identified risks associated with the impact of AI on search, potential search ad revenue loss due to AI Overviews, and emerging evidence of search share loss to
Sales
China’s manufacturing activity experienced a decline for the second consecutive month in June, according to an official survey. The National Bureau of Statistics (NBS) reported that the purchasing managers’ index (PMI) stood at 49.5 in June, unchanged from the previous month. This figure remains below the critical 50-mark, indicating a contraction in the manufacturing sector.
Levi Strauss, the iconic clothing maker known for its blue jeans, is experiencing a surge in popularity as consumers are embracing the Western wear trend. This trend has been fueled by cultural influences such as Beyoncé’s “Levii’s Jeans” lyric and Taylor Swift’s Eras Tour, as well as fashion lines like the one unveiled by Louis
The rise of Chinese automakers in the global automotive market is projected to be significant, with forecasts suggesting that these brands will hold a 33% market share by 2030. This marks a substantial increase from the 21% market share they are expected to have this year. The growth of Chinese automakers is not limited to
GSK’s shares took a hit, dropping as much as 7% following a U.S. public health agency‘s change in recommendation for the use of respiratory syncytial virus (RSV) vaccines. This change directly affects the drugmaker’s new blockbuster medicine, Arexvy, which was introduced in the United States last summer. The recommendation by the U.S. Centers for Disease
General Mills, Inc. reported a mixed bag in its fourth-quarter earnings, surpassing Wall Street’s earnings per share (EPS) expectations by a cent but falling short on revenue targets. The food giant posted adjusted EPS of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue for the quarter was reported at $4.71 billion, missing
Disney/Pixar’s Inside Out 2 is set to have a strong third weekend at the box office, with expectations ranging from $55 million to $60 million in domestic earnings. The film is on track to potentially surpass the final domestic gross of Illumination/Universal’s Super Mario Bros Movie, which concluded with $574.9 million. The movie’s success has
Despite Tesla’s reputation for innovation and cutting-edge technology, the company has been facing ongoing challenges with its Cybertruck model. Recently, two more recalls have been issued for the Cybertruck pickups in the U.S, marking the third and fourth recalls for this particular vehicle. These recalls involve physical repairs that require customers to book appointments with
As we enter the second half of 2023, the future of U.S. auto sales remains uncertain. While the first half of the year showed a modest increase of 2.9% compared to the previous year, there are growing concerns that this momentum may not be sustained. Factors such as increasing vehicle inventory levels and incentives, alongside
Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
Recent reports have highlighted a concerning trend in the alcohol market, particularly for the prestigious Chinese brand known as “Flying Fairy.” The brand, which is a traditional Chinese baijiu liquor, has seen a significant decrease in wholesale prices in recent weeks, sparking worries about the overall economic growth. This drop in prices comes on the
Goldman Sachs strategists have raised concerns about the potential impact of tariffs on US companies operating overseas as the US election campaign progresses. They have pointed out that stocks with high international revenue exposure could face significant challenges if tariffs are imposed. Goldman Sachs strategists highlighted that tariffs could create a headwind for companies with
As of the end of 2023, Apple, Microsoft, Amazon, and Google stood as the leading global brands, dominating the market with their valuable presence. However, a surprising name emerged as a fierce contender in the race for market cap dominance – Nvidia. With a staggering valuation of $3.1 trillion (briefly reaching $3.3 trillion), Nvidia soared
Apple made a surprising announcement on Friday regarding the delayed release of several new features in the European Union. Among these features is the highly anticipated “Apple Intelligence” AI product. The reason cited for this delay is the “regulatory uncertainties” stemming from the EU’s Digital Markets Act anti-trust regulation. This decision raises questions about how