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Global stocks mixed as yen falls despite Bank of Japan rate hike
AFP18h agobearish
Global stocks mixed as yen falls despite Bank of Japan rate hike

Global stocks were mixed Friday at the end of a week dominated by central bank moves to tame inflation as the yen retreated against the dollar despite a Bank of Japan interest rate hike.The Bank of Japan raised interest rates to a three-decade high, but the yen sank against the dollar on fears the pace of hikes might be slower than expected.

Nike faces earnings pressure as UBS cuts price target
Proactive22h agobearish
Nike faces earnings pressure as UBS cuts price target

Nike Inc. (NYSE:NKE, XETRA:NKE) faces weaker earnings expectations as UBS cut its price target by 13% to $42, citing deteriorating global sales trends ahead of its first-quarter report. UBS expects first-quarter earnings for financial year 2027 to miss consensus by $0.05 per share, with...

Uber Ordered to Pay $40 Million in Wrongful Death Lawsuit
The Wall Street Journal1d agobearish
Uber Ordered to Pay $40 Million in Wrongful Death Lawsuit

Uber has been ordered to pay $40 million to the parents of a woman who was hit and killed by another car on the freeway, after her Uber driver allegedly pulled over and ordered her and her friend to get out of the vehicle.

Major Wendy’s franchisee declares bankruptcy
Restaurant Dive1d agobearish
Major Wendy’s franchisee declares bankruptcy

Meritage Hospitality Group, which operates 314 Wendy’s units, has closed at least 60 units and opted out or altered the breakfast daypart to improve store-level EBITDA.

US to Sell F-35s to Saudi Arabia in $24.3 Billion Deal
Bloomberg1d agobearishVIDEO
US to Sell F-35s to Saudi Arabia in $24.3 Billion Deal

The State Department notified Congress that it plans to sell Saudi Arabia up to 48 F-35 warplanes in a first-time sale that could be worth as much as $24.3 billion. The sale of the Lockheed Martin Corp. fighter jet to Saudi Arabia has been in the works for a number of years. President Donald Trump signaled in November the US would sell F-35s to the Kingdom, offering Crown Prince Mohammed bin Salman a prize he's long cherished, ahead of a visit to the White House that month. Meantime, the Pentagon and Lockheed Martin Corp. are moving to speed up the production of a new classified air-to-air missile for US Air Force and Navy jets that's seen as vital to deterring China. For more, we speak with Wayne Sanders, Senior Defense Research Analyst for Bloomberg Intelligence.