Shares of CrowdStrike fell 5% in premarket trading on Monday, extending their streak of losses, after several analysts downgraded the stock on concerns over the financial fallout from the global cyber outage last week.
A plunge in Ryanair’s quarterly profits cast a shadow over the opening of the Farnborough Airshow on Monday, where aviation leaders were already fretting about supply chain snags, aircraft delays and floundering plans to cut emissions.
Delta Air Lines canceled more than 600 flights on Monday, as the U.S. air carrier continued to struggle to restore operations after last week’s global cyber outage, even as other airlines were recovering from the incident.
Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, four sources familiar with the matter said.
Tesla’s second-quarter margin hit a more than five-year low, the electric vehicle maker is likely to report on Tuesday, and its CEO Elon Musk is expected to double down on the company’s robotaxi plans and AI products.
Brazilian chemical company Unigel is demanding compensation from state-run Petrobras for losses on two leased fertilizer plants, a legal letter seen by Reuters showed, marking another setback in negotiations to reopen the plants.
Verizon Communications added more wireless subscribers than expected in the second quarter, it reported on Monday, boosted by strong demand for its flexible plans that also have streaming services, including Netflix and Disney+, at discounted prices.
Proprium Capital Partners will invest $100 million in projects in Italy’s fast-growing student accommodation sector, the real estate private equity firm said on Monday.
Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators.
Saudi Arabia’s economic growth will likely be one of the slowest among the Gulf Cooperation Council (GCC) countries this year, according to a Reuters poll of economists who lowered growth forecasts from three months ago due to extended oil output cuts.
