Kanye West Banned From UK: Wireless Festival Cancelled After Home Office Revokes Travel Authorization

Jet-Ski Maker Crashes Most On Record As "Mind-Blowing" Tariff-Hit Sparks Worst-Case Scenario Fears BRP's US-listed shares crashed the most on record as the US cash session began, after the jet ski and snowmobile maker withdrew its financial outlook. The company warned that changes in the US tariff environment surrounding steel, aluminum, and copper could result in a $500 million hit before any mitigation efforts. BRP wrote in a statement: For BRP, the amendment mainly leads to a 25% tariff on the total value of imported snowmobiles and the majority of ORV models, replacing the...

Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June With oil prices having tumbled (before this latest resurgence) but semiconductor prices soaring still, expectations were for a small 0.1% MoM decline in CPI but in fact it printed dramatically cooler, dropping 0.4% MoM - the biggest monthly decline since COVID (April 2020), dragging the YoY CPI change down to +3.5% YoY... Source: Bloomberg Both Goods and Services costs saw YoY growth decline... Energy dominated the decline while Core Services rose very modestly... CPI breakdown: Headline CPI down 0.4% MoM in...

AI Is "New Front Door To Commerce" As Consumers Ditch Google For Chatbots Shoptalk, one of the retail and e-commerce industry's top U.S. conferences, took place in Las Vegas last week, where Goldman analysts had one key takeaway for clients on Monday morning: AI is beginning to reshape how consumers shop.  Analysts Brooke Roach and Kate McShane, among others, attended the conference and listened to retailers, consumer brands, and technology vendors focus on the evolving consumer space in the era of AI. Their top takeaway was that AI is emerging as a...