Birkenstock Warns of Slower Growth as Tariffs and Dollar Weigh on Margins
Birkenstock forecasts reduced profit margins and slower sales growth for FY2026, citing US tariff pressures and unfavorable currency headwinds despite strong Q4 performance.
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Trump Media Merges with Google-Backed Fusion Energy Firm in $6B Deal
Trump Media & Technology Group announces major merger with TAE Technologies to build America's first utility-scale fusion power plant by 2026.
Morgan Stanley Downgrades PayPal, Cuts Target to $51
Morgan Stanley downgraded PayPal to Underweight, citing slow checkout improvements, weak Venmo monetization, and sluggish growth outlook.
Data Centers Drive Electricity Prices to Record Highs in 13-State Region
PJM's electricity auction hits record $333.44/MW-day as data center demand outpaces supply, threatening higher bills for 65 million consumers across 13 states.
Baird Turns Bullish on Rivian as R2 Launch Nears
Baird upgrades Rivian stock to Outperform, raises its price target to $25, and highlights the R2 launch and autonomy progress as key growth drivers.
Elliott Invests $1B in Lululemon, Eyes New CEO
Activist investor Elliott Management acquires over $1 billion stake in Lululemon and proposes retail veteran Jane Nielsen as potential CEO to help turn around the struggling athletic wear brand.