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Goodyear (GT) extends 'Goodyear Forward' turnaround plan after missing key financial targets, reporting $453M net loss in H1 and over $7B debt
The company's operating margin was only 1.6% in the first half of the year. Goodyear plans to cut capital expenditures to $725 million this year from roughly $1 billion annually in 2024-2025 combined, prioritizing debt paydown and refinancing amid challenges like tariffs and rising raw material costs.
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Next: Okta shares surged 20% in pre-market trading after its Q2 earnings beat expectations and the company raised its full-year guidance, with AI security demand cited as a key driver.
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Three companies have notified the U.S. SEC of their plans to launch tokenized stock trading.
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Robert Sicari, a former Brevan Howard fund manager, has been sued by a quant trader colleague at his new fund, who alleges Sicari withheld millions of dollars in trading profits.
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Australian superannuation fund UniSuper is avoiding direct investments in data centers, believing the biggest winners from the AI boom will be technology application companies rather than infrastructure builders.
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