Four worries that should keep market bulls awake at night
Although the stock market is scoring fresh all-time highs, there are still risks worrying investors heading into the end of the year.
Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock
Bill Nygren, portfolio manager at Oakmark Funds for 40 years, said he is picking cheap stocks outside the dominant tech sector.
Luxury stocks slip as fears grow of a prolonged downturn
“The luxury goods industry could be in for a prolonged period of weakness, we’ve already seen it for a couple of semesters.”
UniCredit boosts its stake in Commerzbank, applies to own up to 29.9% of the German bank
UniCredit announced it had increased its stake in German lender Commerzbank to 21% and submitted a request to boost the holding to up to 29.9%.
Trump Media plummets 10% as post-lockup selloff picks up steam
Donald Trump is the majority owner of Trump Media, which owns social media platform Truth Social and trades as DJT on the Nasdaq.
U.S. billionaire Dan Friedkin agrees to buy EPL soccer club Everton
The deal is subject to subject to regulatory approval from the EPL, the Football Association, and Britain’s Financial Conduct Authority.
Britain’s finance minister calls for spending discipline but no return to austerity
U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will look to rebuild the country.
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.
Europe careens toward a downturn as its biggest economies fight crises at home
With both Germany and France fighting political and economic woes, analysts say there’s a danger of a leadership vacuum and more fragmentation.
TSMC and Samsung in talks with UAE to build chip megafactories, WSJ reports
Discussions are still in the early stages, according to the outlet.
