Today: 5 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

Asda job cuts: 150 roles at risk as depot shake-up and Evri move follow Christmas slump

Asda job cuts: 150 roles at risk as depot shake-up and Evri move follow Christmas slump

Asda has launched redundancy consultations that may threaten over 150 jobs, UK media reported Sunday. The talks come as the retailer looks to revamp parts of its distribution network. https://www.gbnews.com/money/asda-to-axe-staff-poor-performance-restructure The reviews follow a disappointing Christmas trading stretch, during which the grocer lost ground to competitors. Sales reportedly dropped 4.2% over the festive season, pushing market share down to 11.4% in the 12 weeks ending Dec. 28. https://www.easterneye.biz/asda-jobs-risk-christmas-sales/
18 January 2026
Kweichow Moutai A-shares face Monday test after Feitian Maotai scam warning

Kweichow Moutai A-shares face Monday test after Feitian Maotai scam warning

Shanghai, Jan 19, 2026, 04:52 CST — Premarket Kweichow Moutai Co Ltd’s A-shares on the Shanghai exchange will be in focus Monday after its sales division flagged fake online promotions. These scams are pushing “enterprise” subscription links for Feitian Moutai priced at 1,499 yuan. The firm made clear it hasn’t authorized anyone to take these orders. Instead, 2026 sales contracts are being managed offline through provincial self-run stores, which work directly with existing corporate group-buying clients to verify and sign agreements.
18 January 2026
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Stock Market Today

  • Indexes End Mixed, Nasdaq Slides as Chipmaker Rout Continues on AI Jitters
    July 5, 2026, 10:00 AM EDT. U.S. stock indexes closed mixed Thursday, with the S&P 500 flat, the Dow climbing 1.14%, but the Nasdaq 100 slid 1.61%. Chipmakers dropped for a second session, pressured after South Korea's Kospi lost 7% and as traders questioned how long AI growth can keep up. Worries got a boost after Meta Platforms announced plans to sell computing power, stoking fears of too much AI capacity. In economic news, nonfarm payrolls increased 57,000 in June, short of forecasts for 113,000, but unemployment slipped to 4.2%, showing the labor market is still hanging on. Factory orders in May posted a smaller drop than expected, which offered some support to stocks. Bloomberg Intelligence sees S&P 500 Q2 earnings growing 23%, with AI infrastructure set to drive almost 60% of EPS gains. WTI crude is at its lowest in more than four months as global supplies rise.
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