Swiss sneaker maker plunges 14% on weak guidance, slower than expected 2026 growth
On is entering thee third and final year of its strategy to double sales by 2026 in a quest to “be the most premium global sportswear brand.”
UK finance minister delivers economic update in the Spring Statement
Economists didn’t expect any major policy announcements as the government prioritizes its “Autumn Budget” as the main fiscal event of the year.
European stocks close 3% lower as Middle East conflict intensifies
European stocks ended firmly in negative territory Tuesday as the geopolitical crisis in the Middle East continued to weigh on market sentiment.
Qualcomm CEO sees robotics as a ‘larger opportunity’ within 2 years
It comes shortly after Qualcomm launched a processor under the Dragonwing brand name designed for robots.
The Strait of Hormuz is facing a blockade. These countries will be most impacted
A closure of the Strait of Hormuz would send shock waves through global energy markets, but the pain would be felt most acutely in Asia.
Commit fully to the role you’re in now, and your career may thank you later: Novartis CEO Vas Narasimhan
Guided by immigrant roots, public‑health purpose and a belief in “staying in the ring,” Novartis CEO Vas Narasimhan reflects on the unlikely decisions that took him from the “steel town” of Pittsburgh, Pennsylvania to the helm of a global drugmaker….
OpenAI’s Altman admits defense deal ‘looked opportunistic and sloppy’ amid backlash
Sam Altman says that OpenAI “shouldn’t have rushed” its deal with the Defense Department and was making “some additions.”
Amazon says drone strikes damaged 3 facilities in UAE and Bahrain
Amazon Web Services warned that instability is likely to continue in the Middle East, making operations “unpredictable.”
CNBC Daily Open: Markets digest U.S.-Iran war as conflict spreads
The escalating war in the Middle East has ratcheted up fears of prolonged disruption to global trade via key maritime corridors.
South Korea defense stocks soar with heavyweight Hanwha Aerospace surging 20% as traders react to Iran war
The sector’s gains were a sharp contrast to the wider Kospi, falling over 7% to clock its worst day in 19 months.
