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Guinness-owner Diageo poaches P&G exec as City awaits turnaround plan
Sky News20d agoneutral
Guinness-owner Diageo poaches P&G exec as City awaits turnaround plan

The newly installed boss of Diageo has poached a senior Procter & Gamble (P&G) executive to join his leadership team, days before he unveils a revival plan for the maker of Guinness and Johnnie Walker. Sky News has learnt that Sujay Wasan, the head of P&G's oral care business in North America, is joining the FTSE-100 alcoholic drinks company as the head of its Asia-Pacific operations.

Bernstein Identifies Four Key Drivers Behind SpaceX’s Long-Term Valuation
InvestorsHub20d agoneutral
Bernstein Identifies Four Key Drivers Behind SpaceX’s Long-Term Valuation

Ahead of Space Exploration Technologies Corp’s (NASDAQ:SPCX) first quarterly earnings release on August 4, analysts at Bernstein said investors should focus less on the financial results themselves and more on management’s confidence in the company’s long-term growth strategy. According to the brokerage, several strategic milestones will ultimately determine whether SpaceX can justify its current valuation.

SpaceX's first results put Musk's AI spending under Wall Street microscope
Reuters20d agoneutral
SpaceX's first results put Musk's AI spending under Wall Street microscope

SpaceX's first earnings report since its record-breaking IPO will provide an early gauge of whether Starlink's profits can sustain the company's rapidly growing spending on AI and space ventures. Due after the market closes on Tuesday, the results will give SpaceX's limited pool of public investors their first chance ‌to judge whether the financial case behind the company's lofty valuation supports CEO Elon Musk's vision of a powerhouse spanning AI, space and telecommunications. Musk has pitched AI ‌as SpaceX's future growth engine, with ambitions extending beyond renting compute capacity to other companies to developing frontier models, consumer and enterprise software, and, eventually, data centers in space.

Public or Private Blockchains: Where Is Wall Street Building?
CoinGape20d agoneutral
Public or Private Blockchains: Where Is Wall Street Building?

Wall Street has embraced tokenization like no other trend of crypto. The total RWA market has now crossed over $37 billion but one debate continues to shape the industry’s future: Should financial assets be tokenized on private or public blockchains? For now, banks appear to have made their choice. A recent analysis by tokenization research

AMD (AMD) Secures 2.5 Gigawatts With Core Scientific For AI Data Centers
Simply Wall St.20d agoneutral
AMD (AMD) Secures 2.5 Gigawatts With Core Scientific For AI Data Centers

Advanced Micro Devices (NasdaqGS:AMD) has entered a major partnership with Core Scientific to secure up to 2.5 gigawatts of AI data center capacity in the U.S. The collaboration is focused on supporting large scale AI deployments and expanding AMD's AI infrastructure footprint. The agreement marks a new phase in AMD's efforts to serve major AI customers beyond chip launches and prior alliances. Advanced Micro Devices is drawing fresh attention after announcing a large AI infrastructure...

Why Sony Group (TSE:6758) Is Up 11.1% After Raising Full-Year Earnings Guidance – And What's Next
Simply Wall St.20d agoneutral
Why Sony Group (TSE:6758) Is Up 11.1% After Raising Full-Year Earnings Guidance – And What's Next

Sony Group Corporation has reported its first-quarter 2026 results, with sales rising to ¥2,837,771 million and net income to ¥342,161 million, alongside updated full-year guidance calling for ¥12,500,000 million in sales and ¥1,210,000 million in net income attributable to shareholders. These results highlight strong contributions from gaming, music and image sensors, while management’s higher full-year outlook comes despite flagged risks around memory markets and the Kumamoto earthquake...

Five Market Themes Investors Should Follow This Week
InvestorsHub20d agoneutral
Five Market Themes Investors Should Follow This Week

A fresh week of trading begins with investors once again focused on developments in the Middle East after the United States revived diplomatic efforts with Iran. Alongside geopolitical headlines, markets will be watching a series of important U.

Bloomberg20d agoneutral
Europe Gas Buffer at Risk as Levels Hit 18-Year Seasonal Low

(Bloomberg) -- European gas-storage levels fell to their lowest for this time of year in almost two decades after the war in the Middle East drove up prices and stalled winter stockpiling, leaving governments with a growing dilemma as the heating season approaches.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosTrump Says Iran Talks to Begin Monday After Scrapping AttackSingapore's Gated Island for the Rich Is

Stabilus Q3 Earnings Call Highlights
MarketBeat20d agoneutral
Stabilus Q3 Earnings Call Highlights

Stabilus (ETR:STM) said third-quarter revenue was close to €300 million and adjusted EBIT margin improved to 10.8%, despite lower sales tied largely to weakness in China and continued pressure in automotive markets. The company said revenue was approximately 4% to 4.5% below the prior-year quarter,

Bloomberg20d agoneutral
Bessent Seen Rebuffing Wall Street on Guidance for US Debt Sales

(Bloomberg) -- Treasury Secretary Scott Bessent’s debt-management team has rebuffed Wall Street suggestions to tweak its guidance for future sales of US Treasuries for so long now that many dealers have abandoned predicting a change anytime soon.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesTrump Says Iran Talks to Begin Monday After Scrapping A