Kering outlined an ambitious plan to revive Gucci and double profits, aiming to restore growth after a prolonged slowdown in its flagship brand.
EasyJet stock declined after the airline warned that rising fuel costs and Middle East tensions are weighing on its bookings outlook.
Anthropic’s estimated valuation has climbed to $851 billion, highlighting explosive growth in AI startups as investors pour capital into the sector ahead of major IPOs.
Samsung SDS stock surged after KKR agreed to invest $820 million via convertible bonds, forming a strategic partnership focused on AI expansion.
Luxury stocks declined sharply after weak earnings from Hermès and Kering, as the Iran war weighed on Middle East demand and tourism.
AMD, Qualcomm, and Arm have invested in autonomous driving startup Wayve, reinforcing growing demand for AI-powered vehicle technology.
Snap will lay off about 1,000 employees, or 16% of its workforce, as part of a cost-cutting plan tied to AI-driven efficiency and profitability goals.
Allbirds shares skyrocketed after the struggling footwear brand announced a pivot to AI infrastructure, signaling a dramatic shift in its business model.
The SEC approved the removal of the $25,000 minimum requirement for pattern day traders, expanding access to active trading for retail investors.
Federal Reserve nominee Kevin Warsh revealed over $100 million in assets, including stakes in crypto and tech ventures, raising questions about potential policy implications.
Novo Nordisk has partnered with OpenAI to enhance its drug discovery efforts using advanced AI tools, aiming to accelerate identification of new treatments.
Amazon agreed to acquire Globalstar to strengthen its low Earth orbit satellite network and accelerate direct-to-device connectivity. The move intensifies competition with SpaceX’s Starlink.
Blue Origin has developed a system to extract oxygen from lunar soil, a breakthrough that could support future Moon bases. The technology also produces usable metals for construction.
Cocoa prices have plunged nearly 60% from 2025 highs, extending losses into 2026. The sharp decline follows a historic rally that peaked in late 2024.
Elon Musk is set to launch XChat on April 17, introducing an encrypted messaging platform integrated with X. The app will include calls, file sharing, and enhanced privacy features.