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Under Armour Slides on Guidance Miss; Wendy's Up on Private Operator Bid | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - Under Armour (UAA) shares are sliding after it forecast adjusted earnings per share for 2027 and the guidance missed the average analyst estimate. - Wendy's (WEN) shares are gaining as Financial Times reports that Nelson Peltz’s Trian Fund Management is seeking investor backing for a bid to take the burger chain operator private. - Hims & Hers (HIMS) shares are lower after reporting a first-quarter loss and sales that missed Wall Stre...
US Inflation Accelerates as Gas, Food Prices Climb
US inflation accelerated in April on rising gasoline and grocery costs, exceeding wage growth in a double-whammy for already strained consumers. Eric Winograd, Chief US Economist at AllianceBernstein, reacts to the CPI data. (Source: Bloomberg)
US inflation hits three-year high as 'no end in sight' for Donald Trump's war with Iran
US inflation surged to 3.8 per cent in April, the steepest annual rise since May 2023, as President Donald Trump struggles to address the economic fallout of the US-Iran war.Bureau of Labor Statistics (BLS) figures released today show consumer prices climbed 0.6 per cent month-on-month, exceeding market forecasts.The closure of the Strait of Hormuz, through which roughly a fifth of global oil and gas supplies typically flow, remains the primary driver behind escalating costs.Petrol prices have j...
KKR-Backed Ambulance Firm GMR Shrinks IPO Target to $479 Million
GMR Solutions Inc., an air and ground emergency medical services company that counts KKR & Co. among its backers, revised the terms of its IPO and is seeking to raise $479 million, down from an earlier target of as much as $798 million.
eBay rejects $55.5bn offer from GameStop
eBay rejects $55.5bn offer from GameStopJust nowShareSaveAdd as preferred on GoogleFaarea MasudBusiness reporterGetty ImagesOnline marketplace eBay has rejected a $55.5bn (£40.9bn) takeover offer from video game retailer GameStop, calling it "unsolicited" and "neither credible nor attractive".Analysts had expected the offer to be rejected as GameStop is much smaller than eBay, which said there was "uncertainty" over how the deal would be financed.Although eBay has suffered in recent years, partl...
Fake Hajj offers trap victims as Dubai Police issue warning
Dubai: Residents planning to perform Hajj and Umrah have been urged to remain vigilant after Dubai Police warned of a rise in fake pilgrimage campaigns and fraudulent online advertisements designed to steal money and personal information.The warning was issued by Dubai Police’s Anti-Fraud Centre at the General Department of Criminal Investigation as part of the force’s ongoing “Be Aware of Fraud” awareness campaign, which aims to protect the community from increasingly sophisticated cyber scams....
Doubling Down: How Intel Navigates Economic Downturns
InnovationConsumer TechDoubling Down: How Intel Navigates Economic DownturnsByTim Bajarin,Contributor.Forbes contributors publish independent expert analyses and insights. Tim Bajarin covers the tech industry’s impact on PC and CE markets.Follow AuthorMay 12, 2026, 10:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Intel's history shows downturns reward companies that invest in the future.gettyYears ago, I served on I...
China earns $500 mln an hour from exports due to AI-related products
Bloomberg noted that growth in export revenues was also driven by the global semiconductor shortage
'We've got to secure the future of the industry': Council boss hails nationalisation of British Steel in Scunthorpe
The leader of North Lincolnshire Council says the future of the steel industry in Scunthorpe must be secured, after plans were set out to bring British Steel under public ownership.Councillor Rob Waltham told GB News that protecting steelmaking in Scunthorpe matters, not just to North Lincolnshire, but to Britain’s economic security, defence capability and industrial independence.It comes as Sir Keir Starmer yesterday announced new laws he said will give the Government "options" to protect the i...
The 2026 Forbes Iconoclast Summit To Convene Global Investors Ray Dalio, Mellody Hobson, Brian Moynihan, Mary Callahan Erdoes And More On Redefining The Playbook For Modern Markets
BusinessThe 2026 Forbes Iconoclast Summit To Convene Global Investors Ray Dalio, Mellody Hobson, Brian Moynihan, Mary Callahan Erdoes And More On Redefining The Playbook For Modern MarketsByForbes Press Releases,Forbes Staff.for Forbes Corporate Communications TeamFollow AuthorMay 12, 2026, 09:30am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-family: "Schnyder"; src: url("https://i.forbesimg.com/assets/f...
Japan's officials to travel to Russia in interests of Japanese firms operating there
Minister of Economy, Trade and Industry Ryosei Akazawa denied local media reports that the purpose of the upcoming trip was to discuss "cooperation in the economic and energy fields after the end" of the conflict in Ukraine
Russia sees connecting North-South Corridor with Northern Sea Route as practical step
Russian Deputy Foreign Minister Mikhail Galuzin said the development of transport infrastructure plays a major role for Central Asian countries
First EMI even before first salary: Is Gen Z entering debt too early?
First EMI even before first salary Is Gen Z entering debt too early
Adani Ports Partners With Oceaneering To Expand Offshore Operations In Europe
The agreement is aimed at strengthening APSEZ's strategy to build one of the world's largest integrated marine platforms spanning logistics, offshore support, underwater engineering and deepwater infrastructure services.
Wayve agrees partnership with Government to boost self-driving car tech in UK
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April inflation rate surges to 3.8% amid uncertainty in the Middle East
Inflation rose to 3.8% year over year in April and 0.6% month over month as the war in Iran continues to affect the economy. NBC News' Christine Romans and editor-in-chief at Investopedia Caleb Silver report on the economic situation amid uncertainty in the Middle East.
Every Vendor Claims Data Is Their Moat: Why Banks Pay For The Silos Between Them
InnovationEvery Vendor Claims Data Is Their Moat: Why Banks Pay For The Silos Between ThemByXiaowei Jiang,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 12, 2026, 09:00am EDTXiaowei Jiang is CEO & Chief Architect at Tacnode, focused on real-time data systems for AI-driven decision making. gettyA receipt shows a charge of $271, but it doesn’t spe...
DEWA sees best-ever Q1 profit, revenue on higher demand, clean energy growth
Dubai: Dubai Electricity and Water Authority (DEWA) reported record first-quarter financial results on Tuesday, driven by higher electricity and water demand, growth in clean energy generation and expanded infrastructure capacity.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The Dubai utility posted consolidated revenue of Dh6.45 billion ($1.76 billion) for the first quarter of 2026, while net profit reached Dh940 million.Saeed Mohammed Al Tayer, Vice Chairm...
EBay rejects £41.4 billion GameStop takeover offer
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US Inflation Driven Higher in April by Gasoline, Food
US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)