Stellantis is likely to continue underperforming as its turnaround efforts take more time to translate into market share gains, according to JPMorgan. The investment bank downgraded the automotive manufacturing name to neutral from overweight. "We think the firm still needs ~14 months of work to reap the benefits of purchasing components at a lower price, feeding through to the product launches co...
Stellantis is likely to continue underperforming as its turnaround efforts take more time to translate into market share gains, according to JPMorgan. The investment bank downgraded the automotive manufacturing name to neutral from overweight. "We think the firm still needs ~14 months of work to reap the benefits of purchasing components at a lower price, feeding through to the product launches coming on stream in FY27/28," analyst Jose Asumendi said in a note to clients. "The STLA investment case hinges on the turnaround of its [North American] operations, which have been heavily impacted by destocking actions as well as price repositioning measures for vehicles in the region." STLA YTD mountain STLA in 2026 The parent company of Dodge, Fiat, Jeep, Chrysler, Ram and Peugeot would have to drastically reduce its labor force and capacity across Europe and North America for improvements to materialize faster, he added. "We are looking for a still relatively slow second quarter…with both regions … still printing close to break even margins as well as a moderate earnings progression into FY27/28," Asumendi wrote. JPMorgan's call falls in line with consensus on Wall Street. Of the 12 analysts covering Stellantis, five have a hold rating on the stock, four have a buy or strong buy and three have an underperform on it, LSEG data shows. Shares have fallen 50% year to date.
hapabapa Wonder, parent of Grubhub and Blue Apron, is lining up ‘hundreds of millions’ of dollars at a $9B valuation in what could be its last round before going public, The Information reported, citing the company’s regulatory filings and a person briefed on the fundraise. Investors in the financing to get extra shares if Wonder’s IPO price is less than 1.5x the price of shares in this round. Fou...
hapabapa Wonder, parent of Grubhub and Blue Apron, is lining up ‘hundreds of millions’ of dollars at a $9B valuation in what could be its last round before going public, The Information reported, citing the company’s regulatory filings and a person briefed on the fundraise. Investors in the financing to get extra shares if Wonder’s IPO price is less than 1.5x the price of shares in this round. Founder Marc Lore has indicated he’ll write a $200M check into the round; he has told staff an IPO could happen as soon as next year, the report said. Wonder sees just under $2B in net revenue this year, $3B in 2028, and nearly $5.5B by 2030, per materials prepared for potential investors Existing investor New Enterprise Associates has discussed co-leading the round; Accel and Google Ventures ( GOOG ) ( GOOGL ) have discussed buying shares, the report said. Wonder's geographic expansion and IPO funding could allow it to scale further to the point that it is an incremental threat to major delivery and commerce platforms like DoorDash ( DASH ), Uber Eats ( UBER ), Instacart ( CART ), and eventually broad ecosystems such as Amazon ( AMZN ) and Walmart ( WMT ). More on food and restaurant stocks Wall Street Lunch: Nordstrom Taps FAO Schwarz To Boost Toy Selection And Store Traffic Consumer And Retail: Better-Than-Expected Results And Outlook Has XRT Primed To Outperform XRT: Retailers Struggle Amid Record-Low Consumer Sentiment (Downgrade) Red, white, and pricey: Inflation raises the cost of July 4 celebrations General Mills rallies after earnings topper and announcing a major cost savings initiative
Airports have had to use gazebos to shield passengers from sun as they wait to be processed, says Alexander Zinell The boss of 14 Greek airports has called for a serious overhaul of the EU’s new border checks, after being forced to erect gazebos for passengers to cope with queues. The chief executive of Fraport Greece, Alexander Zinell, joined a growing chorus of critics calling out “fundamental f...
Airports have had to use gazebos to shield passengers from sun as they wait to be processed, says Alexander Zinell The boss of 14 Greek airports has called for a serious overhaul of the EU’s new border checks, after being forced to erect gazebos for passengers to cope with queues. The chief executive of Fraport Greece, Alexander Zinell, joined a growing chorus of critics calling out “fundamental flaws” in the entry-exit system (EES), which requires non-EU passengers to have their fingerprints and photo taken at the start of the their trip and verified every time they leave or re-enter the Schengen zone. Continue reading...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Alexandra S. Levine reports on the uncomfortable feelings that come with exposing your life on social media. Tech Across the Globe Pivot to AI: Luxury real estate brokerage Douglas Elliman is betting artificial intelligence can expand its business beyond buying and sellin...
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Alexandra S. Levine reports on the uncomfortable feelings that come with exposing your life on social media. Tech Across the Globe Pivot to AI: Luxury real estate brokerage Douglas Elliman is betting artificial intelligence can expand its business beyond buying and selling homes. Here’s where the technology fits in. Brain drain: Sonos parted ways with some top design and product management executives as part of its recent job cuts, raising questions about the company’s ability to develop breakthrough devices. Many of the leaders who departed had been with the brand for a decade or more. New AI model: SpaceX’s AI unit has unveiled a new model built in partnership with coding startup Cursor. Grok 4.5 is supposed to be more adept at finance, legal and coding tasks . Revalued Paradigm, the venture firm founded to invest in cryptocurrency companies, has raised a new $1.2 billion fund to make more bets outside of the sector, including on artificial intelligence and robotics. The fund is Paradigm’s third venture vehicle to date. Life online We may know a lot about social media. We may lurk a lot on social media. But for a team of reporters that’s been covering social media as long as we have — with our names, faces and work in the spotlight as part of the job — we sure are afraid to post there. When my Bloomberg colleagues and I recently realized that we share a reluctance to put ourselves out there online, we decided to conduct an experiment: For the month of June, we challenged ourselves to post every single day to at least one public platform. We spent the month self-reflecting on everything from engagement (unpredictable), to how the exercise made us feel (anxious), to why some of our jokes are so cringingly bad (still unsure, and my apologies). It turns out the dread we felt going into this experiment is more common than we realized, even for...
(RTTNews) - The UK stock market's benchmark index FTSE 100 drifted lower Thursday morning, extending losses from the previous session, weighed down by losses in healthcare, energy and consumer goods sectors. Bank and mining stocks gained notable ground in positive territory and h
(RTTNews) - The UK stock market's benchmark index FTSE 100 drifted lower Thursday morning, extending losses from the previous session, weighed down by losses in healthcare, energy and consumer goods sectors. Bank and mining stocks gained notable ground in positive territory and h
It wasn't easy to find anyone outside of SpaceX clamoring for a rocket like Starship just 10 years ago. Today, the space industry can't wait for Starship to finally deliver . With a payload capacity of more than 100 metric tons (220,000 pounds) to low-Earth orbit, SpaceX's new rocket is changing the thinking of just about everyone in the space industry. With the unrealized but potentially game-cha...
It wasn't easy to find anyone outside of SpaceX clamoring for a rocket like Starship just 10 years ago. Today, the space industry can't wait for Starship to finally deliver . With a payload capacity of more than 100 metric tons (220,000 pounds) to low-Earth orbit, SpaceX's new rocket is changing the thinking of just about everyone in the space industry. With the unrealized but potentially game-changing benefits of refueling, Starship could carry the same amount of payload to higher orbits, the Moon, or Mars. It's important to note that Starship is still very much in its experimental phase, far from proving Elon Musk's loftiest claims about what it can do. Still, NASA and the US military are considering novel ways to use Starship to fly to the Moon or transport cargo to far-flung war zones. Scientists are eager to use its enormous volume to launch giant space telescopes. Competitors are taking notice . China, the strongest strategic adversary America has ever faced, is looking for its own Starship . Now, some US satellite manufacturers are adapting for the substantial capacity of the world's most powerful rocket. Read full article Comments
(Bloomberg) -- The US equity market, with the S&P 500 hovering near all-time highs, is expensive. This isn’t controversial. Depending on which measure you use, US stocks have arguably been overpriced for several years. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With I...
(Bloomberg) -- The US equity market, with the S&P 500 hovering near all-time highs, is expensive. This isn’t controversial. Depending on which measure you use, US stocks have arguably been overpriced for several years. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’US Military Launches Strikes on Iran for Second Straight DayGre
Chinese tech industry experts say the rapidly increasing use of AI tokens is giving rise to a token-based economy, with the tiny units underpinning artificial intelligence services evolving beyond a technical metric and into the basis for delivering and pricing AI services. “The [Chinese] digital economy has gone through the stages of the data economy and the computing economy. Today, the token ec...
Chinese tech industry experts say the rapidly increasing use of AI tokens is giving rise to a token-based economy, with the tiny units underpinning artificial intelligence services evolving beyond a technical metric and into the basis for delivering and pricing AI services. “The [Chinese] digital economy has gone through the stages of the data economy and the computing economy. Today, the token economy is emerging,” Yin Hao, an academician at the Chinese Academy of Sciences, said on Wednesday...
Exclusive: Demands include ban on cryptocurrency donations after controversies over Nigel Farage funding UK politics live – latest updates Labour MPs are to rebel next week over the government’s reforms to political funding, pushing ministers to introduce tougher measures including a ban on cryptocurrency donations and much lower spending limits. MPs on the all-party, anti-corruption group are can...
Exclusive: Demands include ban on cryptocurrency donations after controversies over Nigel Farage funding UK politics live – latest updates Labour MPs are to rebel next week over the government’s reforms to political funding, pushing ministers to introduce tougher measures including a ban on cryptocurrency donations and much lower spending limits. MPs on the all-party, anti-corruption group are canvassing support for four amendments to the representation of the people bill that would significantly tighten the government’s plans. Continue reading...
Crude memes of the Maga luminary are exploding online – less than a year after conservatives were suppressing any slander against him Ten months since his assassination, Charlie Kirk’s name and likeness are still proliferating online. Just not the way the far-right activist would have wanted. Audio of the gunshot that killed him has become a TikTok meme, as have ironic reposts of the apparent AI-s...
Crude memes of the Maga luminary are exploding online – less than a year after conservatives were suppressing any slander against him Ten months since his assassination, Charlie Kirk’s name and likeness are still proliferating online. Just not the way the far-right activist would have wanted. Audio of the gunshot that killed him has become a TikTok meme, as have ironic reposts of the apparent AI-slop song We Are Charlie Kirk, which was originally created as a posthumous tribute. He was the butt of a crude joke during the Netflix roast of Hollywood star Kevin Hart in May. The next month, a viral tweet encouraged people to take “a shot” in his honor on Juneteenth. And a trend known as “Kirkification” has emerged, in which internet pranksters superimpose his face on to unlikely images, such as the Mona Lisa , a woman in a bikini, or Jeffrey Epstein . Continue reading...
Figures who worked with striker in his formative years recall a self-belief – even when his talent did not stand out There is another version of reality in which Harry Kane is not England’s greatest goalscorer but a goalkeeper. On his first day at Ridgeway Rovers, his first club, the coach Dave Bricknell asked whether anyone fancied going in goal. A six-year-old Kane threw up his hand – and he was...
Figures who worked with striker in his formative years recall a self-belief – even when his talent did not stand out There is another version of reality in which Harry Kane is not England’s greatest goalscorer but a goalkeeper. On his first day at Ridgeway Rovers, his first club, the coach Dave Bricknell asked whether anyone fancied going in goal. A six-year-old Kane threw up his hand – and he was pretty good. “I thought I’d found a goalkeeper,” Bricknell says. “At that age, you don’t get many kids that don’t mind standing in front of a ball.” Continue reading...
Africa’s largest refugee population has seen rations and healthcare slashed as funding levels drop The skies are gloomy over the wattle-and-mud houses of Kiryandongo refugee settlement, home to more than 167,000 people . Spread across an undulating plateau, the crowded camp, 120 miles (200km) north of Uganda’s capital, Kampala, draws new arrivals every day as conflicts in Sudan and South Sudan add...
Africa’s largest refugee population has seen rations and healthcare slashed as funding levels drop The skies are gloomy over the wattle-and-mud houses of Kiryandongo refugee settlement, home to more than 167,000 people . Spread across an undulating plateau, the crowded camp, 120 miles (200km) north of Uganda’s capital, Kampala, draws new arrivals every day as conflicts in Sudan and South Sudan add to the displacement toll. Of nearly 50,000 refugees who have arrived in Uganda since January, more than 1,000 have come to Kiryandongo. Known for its progressive refugee policies, which include granting freedom of movement, land to cultivate, and the right to work and open a bank account, Uganda is home to 2 million refugees – the largest refugee population in Africa – who live in 13 settlements across the country. Continue reading...
Refuge reports ‘staggering’ 78% annual increase in referrals for cases of technology-facilitated or economic abuse Domestic abuse charities have reported a “staggering” increase in perpetrators using technology and finances to control their victims, with a “concerning” rise in people being coerced into car finance agreements. Data from Refuge, the UK’s largest specialist domestic abuse charity, re...
Refuge reports ‘staggering’ 78% annual increase in referrals for cases of technology-facilitated or economic abuse Domestic abuse charities have reported a “staggering” increase in perpetrators using technology and finances to control their victims, with a “concerning” rise in people being coerced into car finance agreements. Data from Refuge, the UK’s largest specialist domestic abuse charity, reveals a 78% rise in referrals for cases of technology-facilitated or economic abuse in the past year. Continue reading...
(Third Man) Following the superb No Name, White continues his fan service with stripped back songs and nasty, anarchic riffs – though it all ends up feeling a little samey It’s a strange thing to say about one of the most prolific artists of his – or any – generation, but: Jack White has been undergoing something of a career renaissance of late. After firmly establishing himself as one of the most...
(Third Man) Following the superb No Name, White continues his fan service with stripped back songs and nasty, anarchic riffs – though it all ends up feeling a little samey It’s a strange thing to say about one of the most prolific artists of his – or any – generation, but: Jack White has been undergoing something of a career renaissance of late. After firmly establishing himself as one of the most beloved and defining figures of 21st-century rock with his early-00s blues duo the White Stripes, White seemed to get bigger and bigger over the next decade-plus, releasing albums with well-liked side projects the Raconteurs and the Dead Weather, dropping a couple of fine solo albums, and helping spark the music industry’s vinyl revival with his label and pressing plant Third Man Records. But, at some point in the mid-2010s – around the release of his third solo album, 2018’s Boarding House Reach, let’s say – White’s influence and celebrity seemed to be outweighing his actual output, with rising pop stars like Billie Eilish and Olivia Rodrigo naming him a prime influence. Record plants the world over became backed-up, thanks to pop stars releasing dozens of gimmicky vinyl variants of their own albums, resulting in months-long delays for indie artists – hardly a problem White was responsible for (and likely one he himself was annoyed by), but certainly the result of a craze he had helped spark. At the same time, all the quirks and codes of White’s output – the specific colour schemes and sometimes arcane guiding opinions – threatened to overwhelm the immediacy and sharpness that had once been the core of White’s actual music. Continue reading...
DENVER, July 09, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a leader in the Nutritional Snacking Category, today reported financial results for the thirteen and thirty-nine weeks ended May 30, 2026.
DENVER, July 09, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a leader in the Nutritional Snacking Category, today reported financial results for the thirteen and thirty-nine weeks ended May 30, 2026.
NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Doubleview Gold Corp. (TSX-V: DBG; OTCQX: DBLVF), a mineral resource exploration and development company, has qualified to trade on the OTCQX® Best Market. Doubleview Gold Corp. upgraded to OTCQX from the OTCQB® Ventur...
NEW YORK, July 09, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Doubleview Gold Corp. (TSX-V: DBG; OTCQX: DBLVF), a mineral resource exploration and development company, has qualified to trade on the OTCQX® Best Market. Doubleview Gold Corp. upgraded to OTCQX from the OTCQB® Venture Market.
Lyft CEO David Risher explains to Yahoo Finance Executive Editor Brian Sozzi how Jeff Bezos's customer obsession became his operating playbook to launch a hard reset at Lyft.
Lyft CEO David Risher explains to Yahoo Finance Executive Editor Brian Sozzi how Jeff Bezos's customer obsession became his operating playbook to launch a hard reset at Lyft.
Custom Power Apps builds put Copilot and AI agents to work inside the systems teams already use, not in a standalone chatbot. Copilot delivers real work only after a company fixes its data and permissions, because it can reach whatever the signed-in user can open. Role-based permissions and an audit trail behind every action are what turn a tested agent into one a business can run in production. N...
Custom Power Apps builds put Copilot and AI agents to work inside the systems teams already use, not in a standalone chatbot. Copilot delivers real work only after a company fixes its data and permissions, because it can reach whatever the signed-in user can open. Role-based permissions and an audit trail behind every action are what turn a tested agent into one a business can run in production. New York, NY, July 09, 2026 (GLOBE NEWSWIRE) -- eSoftware Associates, a U.S.-based Microsoft partner