Sysco (NYSE: SYY) is under pressure after the food distribution company announced a $29 billion acquisition of Jetro, the parent company of Restaurant Depot and a leader in the “cash and carry” wholesale segment. Investors are concerned mostly because of the massive price tag and the potential integration risks associated with such a transformative merger.
Jubilant FoodWorks said it will not renew its agreement with Dunkin’ to develop and operate the US brand’s stores in India when the current pact ends on December 31, 2026. The company said it will evaluate options for the existing stores, including a sale or transfer of franchise rights in consultation with Dunkin’. Jubilant said
The social media landscape shifted violently this week as a wave of selling wiped billions in market value. The catalyst? A landmark legal blow; a California jury found Google and Meta Platforms negligent in a high-profile “social media addiction” trial, sparking fears of a costly regulatory overhaul. Amidst the carnage, however, a senior Wells Fargo
The global video-game industry is entering a period of recalibration after Sony raised prices of its flagship PlayStation 5 consoles for the second time in less than a year, underscoring mounting cost pressures tied to memory chip shortages and supply-chain strain. The move, which lifts US prices by as much as $100 starting April 2,
The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes
Global markets closed the week on a cautious note, with multiple asset classes reflecting heightened uncertainty. The cryptocurrency market weakened amid a broader risk-off mood, while geopolitical tensions and rising oil prices shaped equity sentiment. At the same time, Elon Musk’s potential plans for a retail-heavy SpaceX IPO drew attention, even as foreign investors accelerated
CrowdStrike Holdings Inc (NASDAQ: CRWD) is inching lower on Mar 27 after partner Anthropic previewed a “breakthrough” AI model with advanced cybersecurity capabilities it’s calling Claude Mythos. Adding to the pressure are reports of Amazon.com Inc, another one of CRWD’s partners, developing a sophisticated artificial intelligence tool to handle sales, business development, and other tasks.
US stocks fell sharply on Friday, with all three major indexes closing at their lowest levels in more than six months, as escalating tensions in the Middle East and surging oil prices dampened investor sentiment. The Dow Jones Industrial Average dropped 793.47 points, or 1.73%, to 45,166.64, entering correction territory on an intraday basis. The
NVIDIA stock price has slumped this year, and the situation may worsen in the coming weeks after it dropped to a crucial support level. NVDA fell to a low of $172 on Monday, down by 17.65% from its highest point in 2025. There are signs that its technicals and fundamentals have collided this year. NVIDIA
US stocks opened lower on Tuesday as renewed uncertainty over the Middle East conflict dampened momentum from the previous session’s rally. Investors grew cautious despite US President Donald Trump’s decision to delay military strikes on Iran, with conflicting signals around diplomatic progress keeping markets on edge. Markets slip as geopolitical uncertainty returns The S&P 500