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Albertsons shares dropped more than 20% after the grocer cut its fiscal 2026 earnings outlook, citing weakened consumer spending and softer demand in its core grocery business.
Crude oil prices fell sharply on Monday as geopolitical tensions between the U.S. and Iran showed signs of easing, with Brent crude down 6% to $90.93 per barrel.
Gold prices advanced on Monday as a softer dollar bolstered demand, though investors weighed easing Middle East tensions against anticipation of the Federal Reserve’s upcoming policy decision.
Financial markets face a critical week with Federal Reserve decisions, major technology earnings from Microsoft, Meta, Apple and Amazon, and economic data expected to influence global asset trading.
Volkswagen’s first-half operating profit fell 11.6% to €5.93bn, driven by US ID.4 production exit costs and a 31.6% decline in China amid challenging market conditions.
Chinese chipmaker CXMT surged nearly 500% in its Shanghai debut, becoming China’s most valuable stock. The $8.6 billion IPO reflects growing focus on chip sector amid geopolitical tensions.
