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Wegmans Holdings Berhad (0197.KL)

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Renault CEO’s Resignation Throws Fragile Turnaround Into Doubt

(Bloomberg) -- Renault SA’s impending loss of Chief Executive Officer Luca de Meo calls into question the French carmaker’s brittle restoration, with the board having to replace a second senior leader in a matter of months.Most Read from BloombergShuttered NY College Has Alumni Fighting Over Its FutureDo World’s Fairs Still Matter?As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceNYC Renters Brace for Price Hikes After Broker-Fee BanAs American Architects Gather

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A second patient receiving its experimental gene therapy Elevidys has died from liver failure, raising serious questions on the drug’s outlook.

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Trending tickers: US Steel, Kering, Tata Motors, BP and Entain

The latest investor updates on stocks that are trending on Monday.

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🔎 Victoria’s Secret & Co. (VSCO): An activist investor has built a stake in the lingerie retailer, with plans to push the company to refresh its board and refocus on its core bra business. ↘️ Renault (FR:RNO): The French car maker's chief executive plans to step down in mid-July; he is set to become the new boss of Kering (FR:KER), according to a media report.

The Wall Street Journal 1 hour ago

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Will IonQ Stock Trounce Palantir in the Second Half of 2025?

IonQ and Palantir are surfing two big tech waves -- quantum computing and AI. While Palantir is larger and already profitable, IonQ's revenue could grow faster this year. Few stocks have been as hot as Palantir Technologies (NASDAQ: PLTR) in 2025.

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Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia

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Renault boss De Meo quits, with reports of switch to Gucci-owner Kering

LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. "We see Denis Le Vot (head of Dacia) and other internal candidates as potential successors, as well as Maxime Picat, a French executive from Stellantis."

Reuters 2 hours ago

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Major events in the history of French fashion group Kering

According to sources, current Kering chief Francois-Henri Pinault, whose family controls the heavily indebted luxury conglomerate and who has been leading it for 20 years, is mulling splitting the roles of CEO and chairman. The following is a timeline of major events in the French luxury fashion group's history. 1962 - Francois Pinault founds Etablissements Pinault, a timber trading company based in Rennes that will transform into Kering.

Reuters 2 hours ago

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Where Will Palantir Technologies Stock Be in 1 Year?

An impressive surge in the past few months has boosted Palantir stock to extremely expensive valuation levels. Palantir's potential to gain a bigger share of the AI software market could propel the stock higher despite the negative sentiment. Palantir Technologies' (NASDAQ: PLTR) stock has been in crushing form on the market over the past year, rising by a stunning 482% as of this writing.

Motley Fool 2 hours ago

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My Top 5 AI Stocks to Buy Before the Second Half

AI stocks drove market gains over the past two years, but earlier this year they led declines. Investors, worried about the potential impact of import tariffs on the economy, avoided growth stocks. The first half of the year was a turbulent one for stocks in general amid concern President Trump's planned import tariffs would hurt the economy.

Motley Fool 3 hours ago

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Who is Luca de Meo, reported to be Kering's new CEO?

(Reuters) -Gucci owner Kering is planning to appoint Luca de Meo, currently CEO of French carmaker Renault, as its new chief executive, according to a report in newspaper Le Figaro. Below are some facts about the potential new head of the French luxury group, whose brands include Gucci, Saint Laurent, and Bottega Veneta. De Meo, 58, is from Milan, Italy, and has more than 30 years' experience working in the automotive sector.

Reuters 3 hours ago

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Billionaire Stanley Druckenmiller Dumped His Entire Stake in Palantir and Has Piled Into This Suddenly Unstoppable Drug Stock for 3 Straight Quarters

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Kering soars on expected CEO switch after de Meo quits Renault

PARIS (Reuters) -Renault shares plunged on Monday while Kering soared as investors digested reports that the French carmaker's chief executive, Luca de Meo, was poised to become head of the French luxury goods group that owns Gucci. The announcement late on Sunday that de Meo would leave Renault in mid-July to take on new challenges outside the automotive sector and his mooted switch to Kering sent the latter's shares up nearly 10%, on track for the biggest one-day percentage gain since March 2020. Renault, meanwhile, tumbled by about 7% for the biggest decline since last July on the departure of the man who led the carmaker's turnaround and overhauled its two-decade strategic alliance with Nissan.

Reuters 4 hours ago

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Kering Stock Surges on the Prospect of a New Company CEO

Luca de Meo, who resigned from carmaker Renault on Sunday, is widely tipped to succeed François-Henri Pinault at the management helm of the French luxury group.

WWD 4 hours ago

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Renault CEO Luca de Meo to Step Down

De Meo plans to pursue challenges outside the automotive industry after five years leading the carmaker, with one report suggesting he is to become the new boss of Kering.

The Wall Street Journal 4 hours ago

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Kering shares rise after report Renault's De Meo to become new boss

Shares in Kering rose in early trading on Monday after Le Figaro reported that Luca de Meo would become the new CEO of the luxury goods maker, after he turned around troubled automaker Renault in his five years at the helm. Kering shares gained around 5% on trading platform Tradegate by 0606 GMT and Renault shares fell around 3%. De Meo will leave Renault in mid-July, Renault said.

Reuters 4 hours ago

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Gucci Owner Kering Turns to Renault CEO in Turnaround Bid

(Bloomberg) -- Kering SA is set to name the chief executive officer of Renault SA as its next CEO, looking to an Italian manager who’s turned around the French automaker to perform a similar role at the owner of the struggling Gucci fashion label.Most Read from BloombergShuttered NY College Has Alumni Fighting Over Its FutureDo World’s Fairs Still Matter?As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention SpaceNYC Renters Brace for Price Hikes After Broker-Fee BanAs Ame

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Amazon Ads and Roku Announce Partnership Creating the Largest Authenticated CTV Footprint

NEW YORK, June 16, 2025--Today, Amazon Ads and Roku, Inc. (NASDAQ: ROKU) announced a new integration that gives advertisers access to the largest authenticated CTV footprint in the U.S. exclusively through Amazon DSP. The new collaboration delivers logged-in reach to an estimated 80M U.S. Connected TV (CTV) households, representing more than 80% of U.S. CTV households according to ComScore data. Unlocking an addressable CTV audience at such unprecedented scale will drive improved performance, pl

Business Wire 6 hours ago

ROKU

Performance Overview

Return	0197.KL	FTSE Bursa Malaysia KLCI (^KLSE)
YTD	-16.13%	-7.45%
1-Year	-35.00%	-5.43%
3-Year	-33.28%	+3.21%

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