Shares in French tyre maker Michelin plunged more than 9% on Tuesday after the company sharply cut its full-year profit outlook, citing deteriorating market conditions and a steep fall in North American sales. The stock fell 9.3% to €26.01 in early European trade, heading for its biggest single-day drop since the onset of the pandemic

Kering SA, the French luxury conglomerate and parent company of Gucci, is in advanced discussions to sell its beauty division to L’Oréal in a deal that could value the unit at approximately $4 billion, reported WSJ, citing sources familiar with the matter. The transaction could be announced as early as next week, provided negotiations conclude

Sabadell shareholders voted heavily against Banco Bilbao Vizcaya Argentaria’s (BBVA) takeover bid, revealing another level of uncertainty over one of Spain’s highly publicised banking operations. More than 97% of the bank’s client shareholders rejected the offer from BBVA, according to figures published Tuesday by the Catalan bank. Sabadell stated in a filing with the Comisión

The Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) is having a good year, with inflows rising and its stock jumping to a record high. It peaked at $52.80 on Friday, up sharply from the all-time low of $31.54. This article explores whether the 10% yielding GPIQ ETF is a good buy. What is the GPIQ

The dramatic price increase in the copper market is not as dire as it seems.  The copper prices dropped about $500 per ton on Friday after US President Donald Trump threatened to impose additional tariffs of 100% on China, starting next month.  “A renewed escalation of the trade conflict would significantly impact both economies and,

Goldman Sachs announced its Q3 earnings before the opening bell on Tuesday, beating analyst expectations and showing solid momentum across its core businesses. The investment bank reported robust deal activity and healthy trading revenue during the third quarter, while asset and wealth management continued to grow steadily, driven by rising client demand and careful portfolio

The European Commission has fined Gucci, Chloé, and Loewe a combined €157 million for breaching EU antitrust laws by limiting how retailers could price their products. The decision exposes deeper issues within the luxury fashion market, where brand image, distribution control, and competition law increasingly intersect. The EU’s probe revealed that the three high-end fashion

Oil prices fell more than 2% on Tuesday as oversupply concerns and escalating tensions between the US and China weighed on sentiments.  Meanwhile, gold prices extended its rally above the $4,100 per ounce mark on expectations of interest rate cut by the US Federal Reserve.  Lower interest rates increase the appeal of non-yielding commodities such

Navitas Semiconductor stock (NASDAQ: NVTS), an Nvidia-backed company, is witnessing some big-ticket gains on Tuesday as its share price skyrocketed 33% in the pre-market trading. The company is known for its advanced gallium nitride (GaN) power semiconductors and is recognized for developing cutting-edge power chips integral to next-generation AI data center platforms. With a market

Johnson & Johnson on Tuesday lifted its 2025 revenue guidance after posting stronger-than-expected third-quarter earnings and revealed plans to spin off its orthopedics business into a standalone company, its second major separation in two years. The New Jersey-based healthcare conglomerate said it now expects product revenue between $93.5 billion and $93.9 billion, up roughly $300