"War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March," the company said.
The UK government plans to lower the £58bn benefits bill by getting more people into work. With a 40% rise in ADHD-related Personal Independent Payments (Pip) claims since Labour took office, reforms to the system are anticipated.
Levi Strauss exceeded Wall Street's Q2 expectations for both earnings and revenue, prompting the company to raise its full-year guidance for adjusted EPS and sales. The denim maker also increased its dividend.
SpaceX's stock closed below its IPO price for the second consecutive day, trading at $148. Despite inclusion in the Nasdaq 100 and mostly bullish analyst ratings, some analysts recommend selling shares, citing valuation concerns.
Wildcard Arthur Fery, 23, has reached the Wimbledon semi-finals after a stunning three-set victory over ninth seed Flavio Cobolli. The win, celebrated with champagne, marks a career-defining moment for Fery, who will now face Alexander Zverev.
Meta is constructing its first Canadian data center in Alberta, a 1-gigawatt facility costing $9 billion and expected to take 2-3 years. The site in Sturgeon County was chosen for its energy access, infrastructure, and regulatory environment, aiming to meet AI demand.
The R&A has introduced 'The Open Commitment,' a new code of conduct for fans attending next week's championship at Royal Birkdale, aiming to curb unruly behavior and preserve traditions amid growing concerns over spectator conduct at major golf events.
