Adidas shares rise 8% after first-quarter profit hike, improved outlook
Shares of Adidas jumped 8.2% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter.
April Roach in asian news
Europe wants to send data centers into space — study says it's possible
The rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital storage, in a bid to reduce its need for energy-hungry facilities on the ground.
Betting scandal inside the UK's ruling Conservative Party mars election race
LONDON — Britain's ruling Conservative party has become embroiled in a scandal concerning allegations that senior officials used inside knowledge to win bets on the date of the general election.
Luxury sneaker maker Golden Goose postpones IPO citing political turmoil in Europe
Italian sportswear brand Golden Goose postponed its Milan IPO on the grounds that the European Parliament elections and the call for a snap election in France have led to "significant deterioration" in market conditions.
AI will power the stock market for the next decade, former Cisco CEO says
Artificial intelligence will power the stock market for the next decade, former Cisco CEO John Chambers told CNBC on Wednesday.
Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
Shares of Dr. Martens plunged 30% on Tuesday to hit a record low, after the shoemaker flagged a challenging 2025 outlook on the back of weaker revenues.