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After closing dozens of stores and offloading a brand, one of the fashion industry’s best-known groups is continuing to reshape its retail footprint.The company ended its latest fiscal year with fewer stores overall, even as it continued opening locations for one of its biggest brands. The contrasting moves highlight how fashion retailers are increasingly concentrating their physical presence around their strongest-performing businesses while reassessing weaker ones.According to the McKinsey & Company State of Fashion 2026 Report, the global fashion industry is projected to grow only in the low single digits in 2026 as macroeconomic volatility, tariff pressures, and weaker consumer sentiment weigh…
(RTTNews) – Baidu Inc. (BIDU) revealed earnings for second quarter that Drops, from last year The company’s bottom line totaled RMB2.319 billion, or RMB5.74 per share. This compares with RMB7.322 billion, or RMB20.35 per share, last year. Excluding items, Baidu Inc. reported adjusted earnings of RMB2.573 billion or RMB7.22 per share for the period. The company’s revenue for the period fell 4.2% to RMB31.325 billion from RMB32.713 billion last year. Baidu Inc. earnings at a glance (GAAP) : -Earnings: RMB2.319 Bln. vs. RMB7.322 Bln. last year. -EPS: RMB5.74 vs. RMB20.35 last year. -Revenue: RMB31.325 Bln vs. RMB32.713 Bln last year.
The loudest story on Meta ($META) in mid-2026 is that the company is “incinerating capital” — that a $125 billion-to-$145 billion capital-expenditure bill for AI data centres is value destruction dressed up as ambition. That framing is not just bearish; it is probably backwards. Meta Platforms (META) trades at $612.91 as of July 1, 2026, and the variable that will decide its 2026, 2027 and 2030 price is not how much it spends on AI, but whether that spend becomes a revenue line rather than a cost sink. In late June the company began selling AI compute — locking in…
Insider Brief Gravis Robotics raised $200 million in a Series A investment from SoftBank to expand its physical-AI systems for autonomous heavy construction equipment. The ETH Zurich spinout develops the Gravis Rack, a hardware-agnostic control system that can retrofit machinery from manufacturers including Caterpillar, John Deere, JCB, Hitachi and Volvo for operator-assisted or autonomous operation. Gravis said its systems are deployed across four continents and can improve jobsite productivity by up to 30%, while the new funding will support hiring, global expansion and additional autonomous-equipment deployments. Gravis Robotics has raised $200 million in a Series A investment from SoftBank to…
Tesla (TSLA) reported second-quarter vehicle deliveries that comfortably exceeded Wall Street expectations on Thursday, signaling a significant rebound in demand as the electric-vehicle maker navigates an increasingly competitive global market.The company delivered 480,126 vehicles worldwide during the second quarter, according to a statement released Thursday.The result came in well above analyst expectations. FactSet estimates had pointed to deliveries of approximately 409,000 vehicles, while Tesla’s company-compiled consensus forecast stood at roughly 406,000 units.The stronger-than-expected performance marks a notable recovery for Tesla after a challenging period. Vehicle sales came under pressure from slowing electric-vehicle demand, rising competition, and political controversies surrounding Chief…
The USD/ZAR pair was little changed on July 1 as traders reacted to hawkish remarks by South African Reserve Bank (SARB) Governor Lesetja Kganyago, who spoke at the European Central Bank (ECB) forum in Portugal. The pair was trading at 16.40, a few pips below last month’s high of 16.67.SARB may hike interest rates in JulyThe USD/ZAR pair wavered even after Kganyago, the head of South Africa’s central bank, hinted that the bank may decide to hike interest rates later this month. If this happens, it will hike rates to 7.25% and the prime lending rate to 10.75%, the highest level…
The UnitedHealth Group stock price has embarked on a major rally in the past few months and has recently formed the encouraging golden cross pattern. UNH jumped to $420, its highest level since April 25. It has soared by 78% from its lowest level this year. Why UnitedHealth Group stock is soaringUnitedHealth Group, the biggest health insurance company in the United States, is doing well this year. This is a sharp contrast to what happened last year when it became one of the top laggards in Wall Street. The stock has rebounded even after Warren Buffett’s Berkshire Hathaway sold all the shares…
US stocks opened lower on Wednesday as investors booked profits in semiconductor stocks following a record-breaking first half of 2026, while renewed US-Iran tensions and expectations of tighter monetary policy also weighed on sentiment.The Dow Jones Industrial Average declined 253 points. The S&P 500 slipped 0.46% while the Nasdaq Composite fell 0.68%.Semiconductor stocks lead declinesChipmakers came under pressure in trading after posting outsized gains during the first six months of the year.Micron Technology dropped 7.6%, although the stock remained up 238% year to date. Sandisk fell 9% after surging more than 650% during the first half of 2026. Nvidia and…
The lazy read on Microsoft (MSFT) in mid-2026 is that it has become a broken AI-capex story: the shares closed at $373.02 on June 30, 2026, well off their old highs, as investors recoiled from a spending bill that hit roughly $37.5 billion in a single quarter (stockanalysis.com; Microsoft FY26 Q2). The overlooked fact is that the same sell-off dragged Microsoft’s forward price-to-earnings ratio down to roughly 22 times — below its own five-year average — even as Azure grew 39% and the company’s artificial-intelligence run-rate reached about $26 billion. Wall Street’s average 12-month price target sits at $561, some…
Taiko reopened its cross-chain bridge after moving through a four-stage recovery from a June 21 attack that drained roughly $1.7 million, letting users shift funds between its Ethereum layer-2 network and the Ethereum mainnet again and confirming that every bridged asset now holds full one-to-one backing. The reopening followed a week in which Taiko urged users to pull funds from every bridge on the network and paused its systems after confirming that its chain-state verification mechanism had been compromised. The team sealed the attack path, brought in independent security experts to review its fixes, and sequenced the restart so that…