The collapse of First Brands, an American firm that makes windscreen-wipers and spark plugs, shows how complacent investors have become https://t.co/vtKndmbPO1Illustration: Ryan Chapman https://t.co/x1cZ9gYjeU ...

Core Insights - Formula 1 has entered a five-year broadcasting agreement with Apple, making Apple the U.S. broadcast partner starting next season [3][6] - The deal follows ESPN's decision not to renew its contract after a successful partnership since 2018, during which F1's popularity surged in the U.S. [4][14] - Apple's involvement includes the promotion of F1 through various platforms, enhancing the sport's visibility and accessibility to a broader audience [9][11] Broadcasting and Content Strategy - Apple will air all F1 practice, qualifying, sprint sessions, and races on Apple TV, with select races and practice sessions available for free [10] - The partnership aims to leverage Apple's extensive reach, with Apple TV available in over 100 countries and regions on more than 1 billion devices [10] - Eddy Cue from Apple emphasized the goal of delivering engaging content and stories to enhance the viewer experience [6][7] Growth Potential and Market Impact - The collaboration is expected to attract new fans to F1 in the U.S., capitalizing on Apple's large viewer base [11][14] - Dan Towriss, CEO of TWG Motorsports, highlighted Apple's marketing and innovation as key factors in reaching American audiences [13] - F1 President Stefano Domenicali expressed optimism about maximizing growth potential in the U.S. through innovative distribution channels and engaging content [14]

Apple is driving further into sports broadcasts. Apple, which released an F1 movie earlier this year, will soon stream the races. Ronaldo Schmidt / AFP via Getty Images Close Key Takeaways The tech giant said it scored an agreement with Formula 1 to broadcast races and other content exclusively on Apple TV in the U.S. The deal, which begins next year, will include "comprehensive coverage of Formula 1, with all practice, qualifying, Sprint sessions, and Grands Prix,†as well as select races and all practice s ...

The collaboration will integrate Pony’s self-driving software into Stellantis’s electric medium-size van platform, which is built with advanced sensors to support autonomous vehicles. https://t.co/KjzRm82ThQ ...

Group 1 - The stock market showed mixed signals with Dow Jones futures slightly higher, while S&P 500 and Nasdaq futures reduced losses [1] - Interactive Brokers and American Express exceeded earnings expectations, while Oracle raised its long-term growth forecasts [1] - The market rally initially opened strong but reversed lower, particularly affecting small-cap stocks, with regional banks experiencing sell-offs due to concerns over bad loans [1] Group 2 - Walmart is highlighted as a significant player in the S&P 500, alongside a profitable biotech company, as stocks to watch in a volatile market [2] - The market environment is described as tricky, indicating potential challenges for investors [2] Group 3 - Taiwan Semiconductor Manufacturing Company (TSMC) is recognized as a leading tech standout, featured on various stock lists [4] - The stock market is influenced by external factors such as comments from former President Trump regarding China and upcoming CPI inflation data [4] - Tesla is positioned as a key stock to watch, with expectations of strong third-quarter earnings, despite potential risks [4]

Accessibility StatementSkip Navigation On January 11, 2024, Hertz revealed in a filing with the U.S. Securities and Exchange Commission that it would sell approximately 20,000 EVs from its U.S. fleet, or about one-third of its global EV fleet, "to better balance supply against expected demand of EVs" Hertz further advised that "Adjusted Corporate EBITDA for the fourth quarter of 2023 will be negatively impacted by the incremental net depreciation expense associated with the EV sales plan, and further burde ...

The collapse of First Brands, an American firm that makes windscreen-wipers and spark plugs, shows how complacent investors have become https://t.co/6yeR1cdyqR ...

Financial Data and Key Metrics Changes - IT services revenue for Q2 FY 2026 was $2.6 billion, with a sequential growth of 0.3% in constant currency and a year-on-year decline of 2.6% [6][18] - Adjusted operating margin for the quarter was 17.2%, an improvement of 0.4% compared to the same period last year [6][19] - Net income and EPS grew by 1% year on year, while operating cash flows remained higher than net income at 104% for Q2 [23] Business Line Data and Key Metrics Changes - Americas One grew 0.5% sequentially and 5% year on year, while Americas Two declined 2% sequentially and 5% year on year [20] - Europe reported a sequential growth of 1.4% but a year-on-year decline of 10.2% [21] - APMEA grew 3.1% sequentially and 2.6% year on year, with strong performance in India, Australia, and Southeast Asia [21] - BFSI sector showed sequential growth of 2%, driven by Europe and APMEA [85] Market Data and Key Metrics Changes - The healthcare sector is undergoing structural changes, impacting performance, but remains a strong performer for the company [9][88] - Consumer, energy, and manufacturing sectors are facing tariff uncertainties, leading to reevaluation of supply chains [9] Company Strategy and Development Direction - The company is focusing on AI adoption and vendor consolidation as key strategies for growth [9][10] - Wipro Intelligence, a unified suite of AI-powered platforms, is being introduced to enhance client capabilities [13][14] - The company aims to maintain operational discipline while converting a strong backlog into revenue [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth, particularly in BFSI, as large deals begin to ramp up [30][31] - The company anticipates a sequential IT services revenue growth of -0.5% to +1.5% in constant currency for Q3 [16][24] - Management acknowledged headwinds from large deal ramp-ups and seasonal factors affecting Q3 performance [35] Other Important Information - The Harman Digital Transformation Solutions acquisition is expected to close in the upcoming quarter, but revenues from this acquisition are not included in current guidance [24] - The company is actively investing in growth, which may pressure margins in the short term [19][35] Q&A Session Summary Question: Thoughts on deal to revenue conversion and future growth - Management noted that large deal wins in BFSI are expected to ramp up in Q3, contributing to future growth [28][29] Question: Margin outlook and transition costs - Management indicated that while there are headwinds from large deals, operational improvements and currency fluctuations have positively impacted margins [32][34] Question: Sustainability of year-on-year growth in line with peers - Management expressed confidence in sustaining growth, focusing on executing deal wins and maintaining a robust pipeline [50][52] Question: Clarity on renewal deals and their impact - Management clarified that renewal deals are a mix of renewals and expansions, with some deflationary pressures expected [95][96] Question: Impact of bankruptcy on revenue - Management confirmed that there was no impact on Q2 revenue from the bankruptcy provision made [99]

Canada threatened legal action against Stellantis after the carmaker announced it would shift Jeep Compass SUV manufacturing from Ontario to Illinois following Trump’s tariffs https://t.co/tjW1RdiIJ4 ...

Core Insights - Global copper demand is projected to increase by 24% by 2035, reaching 42.7 million tonnes per annum (Mtpa), driven by economic development and new demands from electrification and digitalisation [1][2] - Four disruptors could add an additional 3 Mtpa, or 40% of total copper demand growth, by 2035, leading to increased price volatility [2] Disruptors of Copper Demand - Data centres are identified as a significant variable in copper demand forecasting, with AI expected to consume an additional 2,200 TWh of electricity by 2035, raising copper demand for grid infrastructure to 1.1 Mtpa by 2030 [6][9] - The inelastic demand created by data centres means that developers are less sensitive to copper price fluctuations, potentially leading to price spikes of 15% or more during construction surges [7][8] - The energy transition is reshaping copper consumption, with an additional 2 Mtpa of copper needed over the next decade due to the shift to renewable energy systems, and demand from this sector projected to grow from 1.7 Mtpa to 4.3 Mtpa by 2035 [9][10] Regional Demand Growth - India and Southeast Asia are expected to contribute an additional 3.3 Mtpa of copper demand by 2035, with average annual growth rates of 7.8% and 8.2% respectively, driven by rapid industrialisation [10] - If these regions replicate even half of China's historical growth, their construction and power sectors could require an additional 5.4 Mtpa of copper [10] Geopolitical Factors - Increased defence spending in Europe, driven by geopolitical tensions, is expected to add modest direct copper demand of 25 to 40 ktpa over the next decade, but will have broader implications for infrastructure resilience and modernisation [11][12] Supply Challenges - To meet the projected demand growth, more than 8 Mtpa of new mine capacity and 3.5 Mtpa of additional scrap will be required by 2035, with the industry needing to adjust its annual mine disruption assumptions from 5% to 6% [13][14] - The convergence of the four disruptors in a supply-constrained environment could lead to prolonged high prices and unpredictable market fluctuations [14][15]