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Global auto sales will likely decline by 4% this year due to weakness in China, Daiwa analyst Kelvin Lau writes in a note. Global auto sales will likely remain sluggish next year, with weakness persisting through 2029, he adds. An increasing number of automakers are using their current technology a…
Culp said first-quarter bedding sales rose 13% despite one fewer selling week and difficult industry conditions. The company also said gross profit improved nearly 17% and it recognized about $7 million in tariff recoveries.
Caleres said second-quarter adjusted earnings came in above expectations. Second-quarter sales were $695 million, up 5.6% year over year, and the company raised the lower end of full-year adjusted EPS guidance.
NIO Inc. (NYSE: NIO ) are down more than 3% during Wednesday’s premarket session as the Shanghai-based company reported strong delivery results for June and the second quarter of 2026. The stock’s decline comes amid a broader market context in which S&P 500 futures are down slightly by 0.3%, indicating mixed investor s
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%