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Volkswagen CEO Plans To Cut 100,000 Jobs In Major Overhaul
📅 1 hour ago

Volkswagen CEO Plans To Cut 100,000 Jobs In Major Overhaul

Volkswagen is preparing for one of the biggest restructuring plans in its history. Reports suggest CEO Oliver Blume wants to reduce the global workforce by as many as 100,000 employees over the next few years while lowering investment spending and reshaping the group’s business. The reported plan comes as the German automaker faces slower demand…

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Samsung Unveils $648 Billion AI Investment Plan to Power South Korea’s Future
📅 2 hours ago

Samsung Unveils $648 Billion AI Investment Plan to Power South Korea’s Future

Samsung Group is making history on June 26, 2026. Samsung Group plans on Monday, June 29, to pledge investment of 1,000 trillion won ($648 billion) in South Korea over 10 years, part of an initiative that aims to turn the country’s AI boom into a nationwide growth engine. Top executives from Samsung Electronics and SK…

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Sony Files Layoff Notice At Bellevue-based Video Game Company
📅 3 hours ago

Sony Files Layoff Notice At Bellevue-based Video Game Company

The latest Sony layoffs have once again put the gaming industry in focus. Sony’s game studio, Bungie, has filed a layoff notice covering hundreds of employees at its Bellevue, Washington headquarters as the company restructures following the end of new content for Destiny 2. The move comes as Sony continues to reshape its live service…

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S&P 500, Dow Futures Rise Despite Big Tech Losses and Hot Inflation; AAPL, MSFT, BABA in Focus 
📅 5 hours ago

S&P 500, Dow Futures Rise Despite Big Tech Losses and Hot Inflation; AAPL, MSFT, BABA in Focus 

U.S. stock market futures edged higher on June 27, 2026, even as major technology stocks faced renewed selling pressure and fresh inflation data came in hotter-than-expected. The surprising market resilience has shifted investors’ attention to whether the broader rally can continue despite concerns over interest rates.  At the center of the action are Apple (AAPL),…

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Kospi Slumps as SoftBank Selloff Hits Asian Markets
📅 6 hours ago

Kospi Slumps as SoftBank Selloff Hits Asian Markets

Asian stock markets came under heavy pressure on June 26, 2026, as a sharp selloff in SoftBank shares triggered fresh concerns across the technology sector. South Korea’s Kospi also fell, with chip giants leading the losses as investors pulled back from AI-related stocks after months of strong gains. The market reaction highlights growing caution over…

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Volkswagen (ETR: VOW3) Shares Rise 2.4% as Everllence Deal Promises €7.4B Proceeds
📅 22 hours ago

Volkswagen (ETR: VOW3) Shares Rise 2.4% as Everllence Deal Promises €7.4B Proceeds

Volkswagen Group (ETR: VOW3) gave markets a clean catalyst on June 25, 2026. The Volkswagen Group entered into an exclusive arrangement with Bain Capital for the sale of its majority stake in Everllence 51% of the shares are to be transferred. The leveraged buyout transaction generates proceeds of approximately €7.4 billion for Volkswagen. Volkswagen intends…

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Dutch Court Clears Class-Action Suit Against Sony Over PlayStation Store Pricing
📅 23 hours ago

Dutch Court Clears Class-Action Suit Against Sony Over PlayStation Store Pricing

Sony Group Corporation (NYSE: SONY) faces a major legal challenge in Europe. A court in the Netherlands validated a class-action claim against Sony over prices for PlayStation games and will take up the lawsuit from June 29. Stichting Massaschade & Consument was authorized to represent around 1.7 million PlayStation players in the country. The group…

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Moonpig (LON: MOON) Shares Jump 10% as FY26 Profit Beats Estimates Under New CEO
📅 1 day ago

Moonpig (LON: MOON) Shares Jump 10% as FY26 Profit Beats Estimates Under New CEO

Moonpig Group (LON: MOON) delivered a standout performance on June 25, 2026. Shares jumped over 10% after the online greeting card and gifting company reported full-year profit ahead of analyst forecasts. Adjusted earnings per share rose 19.5% the first annual results since CEO Catherine Faiers joined in March. The numbers beat on every key metric:…

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OVHcloud (EPA: OVH) Confirms FY Outlook as Q3 Revenue Rises 6.9% to €289.6M
📅 1 day ago

OVHcloud (EPA: OVH) Confirms FY Outlook as Q3 Revenue Rises 6.9% to €289.6M

OVHcloud (EPA: OVH) delivered a clean sequential acceleration on June 25, 2026. Revenue for Q3 FY2026 came in at €289.6 million, up 6.9% like-for-like, driven mainly by Public Cloud, which returned to growth above 20%. The European cloud leader reaffirmed its full-year targets, signaling confidence in the second half. The quarter also marks OVHcloud’s first…

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