Porsche will eliminate more than 500 jobs and close three subsidiaries as part of a strategic realignment to sharpen its focus on its core business. The cuts affect Cellforce Group in Kirchentellinsfurt, Porsche eBike Performance in Ottobrunn and Zagreb, and Cetitec in Pfo
Nintendo shares plunged on Monday after the gaming giant warned sales of its flagship Switch 2 console would fall this fiscal year and after hiking the price of the device due to rising memory costs. Shares of Nintendo closed 8.4% lower in Tokyo, Japan to 7,020 yen, the lo
Wall Street analysts maintain a median price target of $177 for DOCN, implying 8% upside after a 240% gain this year. DigitalOcean shares have surged 240% in 2026, significantly outperforming Nvidia’s 15% gain amid concerns over AI spending sustainability and Nvidia’s mark
Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data. Silver trades at $80.29 per troy ounce, broadly unchanged 0.08% from the $80.35 it cost on Friday Silver prices have increased by 12.95% since the beginning of the year. The Gold/Silver
The GBP/USD pair fills a major part of its weekly bearish gap opening on Monday and is now looking to extend the momentum further beyond the 1.3600 mark. Spot prices, however, remain below the 1.3635 horizontal resistance and the highest level since February 16, touched ea
The joint venture will combine Sony’s sensor design with TSMC’s advanced process technology at a new Kumamoto facility. Sony Semiconductor Solutions and TSMC have agreed to form a joint venture to produce next-generation image sensors. Sony will hold the majority stake in
Outgoing Fed Chair Jerome Powell's last policy meeting saw a record four dissents, signaling a divided stance on monetary policy. Jerome Powell's final Federal Open Market Committee meeting concluded with an unusual four dissents, the highest since 1992. The Fed kept the f
Automaker cites EV restructuring costs and weaker North American demand for its first annual loss since 1957. Honda Motor expects an operating loss of $2.55bn for the fiscal year ending March 2026, its first since going public in 1957. The loss contrasts with a Y1.2tn prof
The all-stock deal aims to integrate Neurovia’s data compression technology into Robo.ai’s platform for real-time AI video processing. Robo.ai will acquire Neurovia, a data processing and compression firm, in a $100m all-stock transaction. The deal is expected to enhance R
The automotive safety supplier will close Turkish plants by mid-2028, shifting production to other EMEA sites amid excess capacity. Autoliv will eliminate 2,200 positions in Türkiye as it phases out local manufacturing by the first half of 2028. The move follows a regional
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