Herzogenaurach, Germany – Shares in Puma, the German sportswear giant, experienced a sharp decline of 16% on Friday following the announcement of a significant second-quarter loss. This unexpected downturn has prompted the company to issue a profit warning and dramatically revise its full-year financial outlook, sending shockwaves through the market. Puma reported missing both its…
Wolfsburg, Germany – Volkswagen Group has revised its financial forecast for 2025, anticipating a challenging year ahead after reporting a substantial 33% decline in its first-half operating profit and a negative cash flow in its core automotive division. The German automaker now expects its 2025 revenue to remain flat, a significant reduction from its earlier…
Global markets are currently experiencing a period of dynamic shifts influenced by a confluence of factors, including evolving trade agreements, significant developments within major corporations like Intel, and commentary from key figures such as President Donald Trump and Federal Reserve Chair Powell. Investors are closely monitoring these elements to gauge future economic direction and market…
The EUR/USD currency pair exhibited limited movement in Friday’s trading session, navigating a landscape of calm market conditions despite the impact of strong economic data from the United States and a recent hawkish stance communicated by the European Central Bank (ECB). Following the ECB’s decision on Thursday to keep interest rates unchanged, accompanied by a…
The European Central Bank (ECB) announced on Thursday that it would keep its key interest rates unchanged following its July policy meeting, a decision widely anticipated by markets. This marks a pause after a series of seven consecutive rate cuts, signaling a wait-and-see approach amidst a complex economic landscape. The main refinancing operations interest rate,…
U.S. business activity expanded at a significantly slower pace in June, according to the latest S&P Global Flash US PMI Composite Output Index. The index registered 51.2, down from 54.3 in May, indicating a marked deceleration in growth momentum. The slowdown was evident across both the manufacturing and services sectors. The Flash US Services PMI…
U.S. home sales continued their downward trend in June, marking the fourth consecutive month of falling transactions, while the national median sales price reached a record $413,000, according to the National Association of Realtors. The cooling housing market reflects the impact of rising mortgage rates and persistent inflation on buyer affordability. US Home Sales Fade…
PayPal is revolutionizing cross-border transactions with the introduction of PayPal World, a new initiative designed to seamlessly integrate various local payment methods, including India’s UPI and China’s Tenpay, alongside a host of other global digital wallets. This strategic move aims to make international payments easier, faster, and more accessible for users worldwide. Traditionally, sending or…
Contracts for Difference (CFD) trading is increasingly popular as a flexible financial strategy. Unlike traditional investing, CFD traders do not need to own the underlying asset; instead, they bet on the asset’s price movements, whether up or down. CFDs can be applied across most global financial markets, from stocks, commodities, and forex to cryptocurrencies. The…
Japanese Finance Minister Katsunobu Kato has announced that foreign exchange rates were not part of the bilateral trade agreement with the United States. This information was reported by Japan’s Kyodo news agency, based on remarks made by Mr. Kato to reporters at the Ministry of Finance. Previously, there were widespread expectations that Japan would face…
