North America:

  • Tesla stock fluctuates due to Elon Musk's public feud with Donald Trump over government contracts and tax legislation.
  • Amazon Web Services (AWS) invests over $5 billion in a new Taiwan region, announces job cuts in its books division, tackles fake reviews, and reduces prices for EC2 Nvidia GPU-accelerated instances by up to 45%.
  • BlackRock reduces stakes in Great Wall Motor and Aluminum Corporation of China to 4.52% and announces a cut of 300 jobs.
  • Lululemon Athletica shares fall 20% in premarket trading as the company cuts its annual profit forecast due to tariff-related costs and heightened competition.
  • OpenAI appeals a court decision regarding the New York Times' lawsuit to preserve user chats amidst discussions on AI regulation impacts.
  • Broadcom shares fall by 4% in premarket trading despite higher profit and sales in Q2 FY 2025, driven by AI demand, as revenue forecast fails to meet investor expectations.
  • Sunnova Energy files for Chapter 11 bankruptcy protection and plans to lay off 718 employees amid restructuring.

Europe:

  • Airbus prepares MetOp-SG A1 weather satellite for a 2025 launch, secures contracts for German Air Force A400Ms, and delivered 51 aircraft in May despite a 4% drop from the previous year.
  • Dassault Systemes extends its earnings target timeline to 2029, aiming to double its non-IFRS diluted EPS with generative AI deployment.
  • HSBC considers former McKinsey CEO Kevin Sneader as a replacement for outgoing chairman Mark Tucker, appoints Brendan Nelson as interim chairman.
  • Rosebank Industries raises $1.55 billion for the acquisition of US-based ECI, with strong demand.
  • Mediobanca gains momentum in its bid to acquire Banca Generali with support from US funds and a positive outlook from Monte dei Paschi's CEO.
  • Stellantis new CEO Antonio Filosa set to earn up to $23 million annually, plans to restart production at Sochaux plant on June 6, and schedules an extraordinary shareholder meeting for July 18.
  • Bango PLC reports strong revenue growth, narrowed loss for 2024, expects profitability in 2025, and receives $2.85 million from a new loan despite a 10% drop in shares.
  • SDI Group PLC acquires Severn Thermal Solutions Ltd for GBP4.8 million.

Rest of the world:

  • Pegatron nears final stages of evaluating its US factory plan, with a decision expected soon.
  • AIA Group Ltd appoints Mark Tucker as new chairman, succeeding Edmund Sze-Wing Tse on October 1, following his departure from HSBC.
  • SkyCity Entertainment Group Ltd. files a lawsuit against Fletcher Building Ltd. due to construction delays.
  • Petrobras to increase oil exploration activities in Africa, capitalizing on the stabilizing West African crude market.
  • Moody's downgrades Nissan's credit rating to Ba2 due to weak financial performance.