higher

As Wrexham unveiled their new 2026-27 home shirt while ringing the Nasdaq bell in New York’s iconic Times Square, there was little doubt that the club’s stock has never been higher.

Icons from the past such as Mickey Thomas, Steven Fletcher, Ben Tozer and Ben Foster were among those in The Big Apple proudly adorning the club’s red jersey.

It formed part of the launch of their new home kit, complete with their newest sponsor – yet another global brand.

Which is all in keeping with their cross-Atlantic profile, one unlike any other in the Championship or even many in the Premier League.

“Each time Wrexham has come to the U.S., we’ve been blown away by the reception,” co-owners Rob Mac and Ryan Reynolds told Sports Illustrated, external.

“The support has continued to grow, and it felt important to come back and connect with those fans in person.”

The Red Dragons are more than halfway through their pre-season tour of the United States, the third time in four summers they have travelled across the Atlantic.

It is a far cry from the summer of 2021 – Phil Parkinson’s first pre-season in north Wales – when Wrexham faced the likes of Burnley’s Under-23s, Tamworth, a Fleetwood Town XI, Spennymoor Town and Curzon Ashton.

Netflix on Thursday reported higher revenues and profit in the second quarter as it sought to assure investors about its growth prospects.

The streaming giant reported revenue of $12.6 billion in the second quarter, up 13% from a year ago. Net income during the period rose 9% to $3.4 billion.

Netflix said it expects revenue to grow 12% in the third quarter, but lowered its 2026 revenue forecast to $51 billion from $51.4 billion.

The results were roughly in line with what analysts had predicted and were driven by recent price increase and growth in advertising revenue. The latter is expected to reach $3 billion this year, the company said.

In a presentation with analysts, Netflix executives touted global expansion plans.

“We’re entertaining an audience approaching a billion people with still lots of room to grow into our addressable market on every measure,” said Spencer Neumann, Netflix’s chief financial officer, in the earnings presentation. “We believe we’ve got lots and lots of runway for solid growth ahead of us.”

Those comments appeared intended to assuage investors who’ve grown concerned that people could be spending less time on the streaming service as rivals like YouTube gain market share.

Netflix’s share of TV viewing time in the U.S. has steadily declined in recent months as rivals have gained market share, according to Nielsen data.

The streamer represented 7.8% of all TV viewing in the U.S. in April — the lowest percentage since May 2025. It was 7.5% in April 2025, Nielsen said.

By comparison, YouTube has seen its share of the streaming audience grow. YouTube’s TV viewing share in April rose to 13.4%, up from 12.4% a year earlier, Nielsen said.

Some investors fear that if viewership is down, subscribers could cancel the service, which would negatively affect the platform’s growing advertising business. It could also undercut Netflix’s ability to raise prices in the U.S. and other countries.

Those worries have caused Netflix’s stock price to plummet 41% in the last year. The stock closed on Thursday at $74.35 a share, up 1%. In after hours trading, the stock fell 8%.

“The engagement elephant continues to rear its head and investors are on edge that an earlier price hike in a seasonally tough period and lighter content slate could have driven more churn than usual,” wrote Morgan Stanley Research analysts in a research note.

On Thursday, Netflix said in a letter to shareholders it has a sophisticated understanding of its consumers and “we know not all hours are equal” and that engagement on its platform is “healthy.”

“The entertainment industry remains dynamic and competitive,” Netflix told shareholders. “We aim to stay ahead by executing against our three areas of focus: delivering more entertainment value, leveraging technology to improve every aspect of our service, and improving monetization.”

The Los Gatos-based company said it plans to allocate more than 5% of its content spend on live programming this year. Live content has been a key driver for subscriptions, accounting for six of the top 10 new member sign-up days over the last five years, the company said.

In the first half of 2026, Netflix said members watched more than 97 billion hours, up 2% from a year ago. Among the most popular shows: the crime thriller “I Will Find You,” which had 87 million views; and the romantic comedy film “Voicemails for Isabelle,” which garnered 71 million views.

Netflix has been adding new types of content to its platform, including video podcasts to help increase engagement with subscribers during the day.

As part of the diversification efforts, the platform has expanded its portfolio of live programming over the years, including adding NFL games and streaming Major League Baseball’s opening day game.

In 2022, Netflix had also faced investor pressure when it reported declining subscribers for the first time in more than a decade. That pushed the company to delve into other areas including advertising, gaming and cracking down on password sharing.

Published on
14/07/2026 – 7:53 GMT+2

The price of Brent crude climbed to just over $84 a barrel after soaring nearly 10% on Monday. US benchmark crude was up 1.4% at $79.20 a barrel.

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Oil prices are still below their wartime peak of nearly $120 a barrel, but uncertainty over the future stability of supplies deepened as the US and Iran each asserted they controlled the Strait of Hormuz.

US share futures were down 0.3% as the U.S. launched more strikes on Iran after President Donald Trump said Washington was “reinstating” a blockade on Iran in the strait.

Fighting in the region has kept oil tankers from using the waterway to deliver crude to customers from the Persian Gulf, driving up fuel prices worldwide.

Asia-Pacific shares slip overnight

In Asian trading, Tokyo’s Nikkei 225 lost 1% to 66,574.96 and the Kospi in South Korea declined 3.2% to 6,589.37.

The Shanghai Composite index lost 0.8% to 3,884.32, even though the government reported that China’s exports jumped 27% in June from a year earlier as adoption of artificial intelligence drove strong demand for computer chips and other technology.

Hong Kong’s Hang Seng edged 0.1% higher, to 24,230.46, while in Australia, the S&P/ASX 200 shed 0.5% to 8,767.00.

Monday on Wall Street, the S&P 500 fell 0.8%, coming off its fourth winning week in the last five. The Dow Jones Industrial Average dropped 0.3%, and the Nasdaq composite sank 1.6%.

Chip stocks like Micron Technology helped lead the way lower. Micron fell 4.4%, eating into what had been a stellar rise of 243.1% for the year so far.

Worries are rising that stock prices have shot too high and that the demand may not be sustainable if AI doesn’t deliver as much profit and productivity as expected.

Nvidia fell 3.5%. Because it’s the largest stock on Wall Street by value thanks to the euphoria around AI, it was the single heaviest weight on the S&P 500.

Investors turn to earnings

Much of Wall Street’s attention this week will be on profit reports from companies saying how much they earned during the spring. On Tuesday alone, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Wells Fargo are all releasing their latest quarterly results.

Analysts are forecasting that companies in the S&P 500 index will deliver overall growth of 23.6% from a year earlier, according to FactSet. If they’re right, it would be the second straight quarter of growth better than 20%.

Companies across industries will need to deliver strong growth to justify the big moves their stock prices have made. Indexes are near records despite their sharp recent swings due to worries around AI stocks.

More costly oil would push inflation higher, potentially leading the Federal Reserve and other central banks to raise interest rates. Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.

In other dealings early Tuesday, the US dollar slipped to 162.34 Japanese yen from 162.35 yen. The euro rose to $1.1391 from $1.1381.

Additional sources • AP

It even has special features to ensure drivers don’t feel like they’re ‘floating’

The world’s tallest bridge is so high that an entire skyscraper could fit underneath it. While many would expect the highest bridge to be in the likes of China or the US, it is actually in France.

The Millau Viaduct is part of a motorway that connects Paris to the Mediterranean. It was designed by British architect Norman Foster and is in Southern France.

Work completed in 2004 and the cost of construction was approximately €394 million (£345 million). It has an impressive height of height of 343 metres (1,125 ft), which is higher than the iconic Eiffel Tower.

The Paris skyscraper stands at 330 metres (1,083 feet). Millau Viaduct is 2460 metres long and touches the bottom of the Tarn valley just nine times along its length.

Le Shuttle said: “Plans for a road crossing to alleviate the traffic through the town of Millau date from the 1980s.

“British architect Sir Norman Foster was among the team that designed the viaduct, which was considered the most viable solution to cross the valley and river, with the least ecological impact on the area. Construction of the viaduct began in 2001.”

There is no pedestrian access to the viaduct as it is a high-speed motorway. However, it does attract tourism and there are guided informational tours.

Tours include taking a designated nature path to a viewing platform below the bridge and even inside one of the tallest pylons. A marathon takes place every year over the viaduct, and the Tour de France has passed under the viaduct a number of times.

The viaduct features a slight curve that extends up to 20km on the road on either side. It helps drivers settle the feeling of “floating” when driving on a long, straight bridge.

Enjoy Travel explained: “It has two lanes in each direction and interestingly, the bridge is not straight as this could induce a sensation of floating for drivers.

“To remedy this, the architects designed the bridge to have a slight curve, which is 20km in range. Another design feature that improves safety, is the road’s slight incline of 3%, which improves visibility and reassures the driver.

“The bridge is exposed to strong gusts of up to 151km/h, so designers installed side screens that cut the wind’s impact by 50 per cent.”

Visitors have left positive reviews about their experience of the viaduct on TripAdvisor. One said: “Love bridges. This is one not to be missed. Be sure to take a look at it from below to get a real sense of it. Real engineering feat.”

Another added: “An absolutely superb place! The viaduct and the surrounding landscape are so beautiful that you feel like you are part of a painting or drawing! It is truly a work of engineering of the highest level.”

Someone else commented: “Visited today after it been on my bucket list. Great visitors centre, cafe and toilets. Parking is free and you can walk up a 470m path to an awesome view point. You can see the viaduct and surrounding areas. Drove over the bridge with stunning views.”

South Korean stocks closed higher Friday, extending their winning streak to a second consecutive session, as semiconductor shares rallied following overnight gains on Wall Street. The local currency gained ground against the U.S. dollar.

After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 184.03 points, or 2.52 percent, to close at 7,475.94.

Trade volume was moderate at 449.53 million shares worth 31.16 trillion won (US$20.73 billion), with gainers far outnumbering losers 799 to 92.

Institutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively. Foreign investors turned net sellers after two consecutive sessions of net buying.

After opening more than 3 percent higher, the KOSPI climbed as much as 5.7 percent during the session, triggering a buy-side sidecar that temporarily halted program trading in KOSPI-listed shares for five minutes. It marked the third activation of the trading curb this week.

The KOSPI gave up some of its earlier gains in afternoon trading as investors locked in profits.

Investor sentiment improved after U.S. stocks closed higher overnight, supported by a strong rebound in semiconductor shares and easing oil prices.

The Dow Jones Industrial Average gained 0.27 percent, while the S&P 500 rose 0.81 percent. The tech-heavy Nasdaq Composite climbed 1.3 percent.

In Seoul, large-cap stocks finished broadly higher.

Semiconductor heavyweight Samsung Electronics went up 2.52 percent to 285,000 won.

In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher. The company is set to make its debut on the tech-heavy Nasdaq through the listing of its American depositary receipts (ADRs).

“Investor sentiment toward the semiconductor sector improved as Meta’s capital spending plans and Micron’s investment outlook helped ease concerns about the industry’s prospects,” said Lee Kyung-min, an analyst at Daeshin Securities. “Strong investor demand for SK hynix’s ADR offering also supported sentiment toward semiconductor stocks, adding upward momentum to the broader market.”

Artificial intelligence investment firm SK Square advanced 6.18 percent to 1.41 million won, while chip components maker Samsung Electro-Mechanics gained 6.1 percent to 1.58 million won.

The Korean won was quoted at 1,501.4 won against the U.S. dollar at 3:30 p.m., up 4.7 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys went down 1 basis point to 3.768 percent, and the return on the benchmark five-year government bonds lost 0.8 basis point at 4.008 percent.

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European shares edged lower on Tuesday as hopes for an imminent de-escalation in the Middle East conflict faded following fresh U.S. strikes on Iran, triggering renewed geopolitical uncertainty across global financial markets.

The pan-European STOXX Europe 600 Index slipped 0.2% to 630.33 points by 0833 GMT, retreating from gains that had recently pushed it close to record levels.

On Monday, the index had closed at its highest level since late February, briefly coming within 1% of an all-time high on optimism that diplomatic progress could soon ease tensions in the region.

That momentum quickly reversed after renewed military action and comments from U.S. Secretary of State Marco Rubio, who said negotiations with Iran could take “a few days,” tempering expectations of a near-term resolution.

Oil Prices Jump as Hormuz Risks Return to Focus

Global energy markets reacted sharply to the escalation, with Brent crude rising more than 3%, reigniting inflation concerns across energy-importing economies, particularly in the euro zone.

The market remains highly sensitive to risks surrounding the Strait of Hormuz, a critical global shipping route through which a significant share of the world’s oil flows.

Analysts warned that any sustained disruption in the region could deepen inflationary pressures just as central banks weigh their next policy moves.

Airlines and Autos Under Pressure

Travel and transport-related stocks were among the biggest losers in Tuesday’s session.

Airlines including Lufthansa and Ryanair fell 1.4% and 0.7% respectively, reflecting investor concerns that higher fuel costs could squeeze margins.

Luxury and automotive stocks also came under pressure after Ferrari dropped sharply following the unveiling of its first fully electric vehicle.

The decline was compounded by a broader sell-off in the European autos sector, which fell 1.6% as investors reassessed competition risks from Chinese EV manufacturers and weakening global demand trends.

Market Sentiment Balances War Risk and Policy Signals

Despite renewed volatility, some investors noted that markets remain partially supported by expectations that diplomacy could still stabilize the situation.

One portfolio manager at Franklin Templeton said markets were reacting cautiously because investors believe a potential agreement could still restore stability in the Strait of Hormuz and normalize energy flows.

However, uncertainty around timing and scope continues to limit upside momentum in equities.

Inflation and Central Bank Policy Back in Focus

Attention is now shifting toward upcoming inflation data across major euro zone economies and the United States, which will help shape expectations for future monetary policy.

European Central Bank policymaker Yiannis Stournaras signaled that any persistent inflation overshoot would require a cautious shift toward tighter policy.

Market pricing currently suggests at least two further 25-basis-point interest rate moves before year-end, according to LSEG data.

Corporate Movers: Winners and Losers

While broader markets weakened, some stocks moved against the trend.

Kingfisher rose 2% after maintaining its full-year profit guidance, easing concerns about demand softness in the home improvement sector.

However, the overall tone remained risk-off as investors continued to weigh geopolitical escalation against macroeconomic uncertainty.

Analysis

The latest pullback in European equities reflects a familiar pattern: markets oscillating between hopes of geopolitical de-escalation and fears of renewed conflict risk in the Middle East.

The key transmission channel remains energy. With Europe heavily dependent on imported oil and gas, any disruption involving Iran or the Strait of Hormuz immediately feeds into inflation expectations, bond yields, and corporate earnings outlooks.

At the same time, equity markets had recently been pricing in a relatively optimistic scenario in which diplomatic talks would gradually stabilize the region. That positioning left stocks vulnerable to abrupt reversals when military developments resurfaced.

Sectoral divergence also highlights how uneven the impact of geopolitical shocks can be. Energy-sensitive sectors such as airlines and autos are under pressure, while defensive or domestically oriented companies remain relatively insulated.

The broader question for markets is whether this marks a temporary setback in diplomatic momentum or a deeper breakdown in expectations for a negotiated settlement. If tensions persist, volatility in oil markets is likely to remain the dominant driver of global equity sentiment in the near term.

With information from Reuters.

As someone who is “not the best person with bugs and stuff,” Stephanie Bernaba never imagined herself becoming an outdoorsy mom.

But the mother of three is getting more daring as gas prices and other travel costs make vacations more expensive. Bernaba, 47, has been steering her family toward local beaches, bike rides and hiking trails near their home in coastal Rhode Island instead of the faraway trips they once took.

“I’ve been trying to do more of that because one, it’s quality time. Two, it’s fresh air. And three, we’re not spending an arm and a leg,” she said.

That kind of calibration is shaping the summer travel season, which gets its traditional start in the U.S. with the long Memorial Day holiday weekend. Higher fuel prices resulting from the Iran war and other inflationary pressures are making most forms of travel costlier as people in many parts of the world form their plans.

The U.S. Travel Assn. expects annual travel spending to grow by a modest 1% this year, powered largely by domestic leisure travel despite the FIFA World Cup giving soccer fans from other countries a reason to visit the U.S. Airfares have climbed around the world along with the price of jet fuel as the war constrains global oil supplies.

Sticking closer to home may not cushion the sticker shock. The nonprofit Institute on Taxation and Economic Policy estimated Americans would collectively spend an extra $3.5 billion on gasoline over the holiday weekend. The average price for a gallon of regular gas in the U.S. was $4.56 on Thursday compared to $3.18 a year ago, according to the motor club AAA.

Other travel expenses have gone up too. The latest consumer price index showed airfares were 20.7% higher in April from a year earlier, the cost of intracity transit, such as buses and subways, rose 5.6%, lodging cost 4.3% more, and eating out got 3.6% pricier.

Changing travel patterns

Despite elevated prices, industry forecasts suggest Americans still want to get away, even if it means replacing long trips with long weekends, choosing destinations closer to home and finding ways to cut costs by cooking meals or using buses and trains instead of driving.

AAA predicted that 45 million U.S. residents would travel at least 50 miles from home between Thursday and Monday. The Transportation Security Administration said it expects to screen 18.3 million passengers from Thursday to next Wednesday.

Many households are planning summer vacations but making tradeoffs such as shorter trips or cheaper lodging, according to Bank of America analysts. Mastercard said in a recent report that consumers appeared increasingly focused on value and were adjusting their destinations and timing instead of not going away at all.

“Generally, it’s certainly more of a demand reshuffling than a demand softening,” David Tinsley, a senior economist at Bank of America Institute, said.

For the Bernaba family, that has meant trading a big vacation for a shorter trip nearby this summer. Their scaled-back itinerary still is pricey: more than $400 for a ferry to Martha’s Vineyard for their car and passengers, and about $800 a night for each of the two hotel rooms the family of five needs.

Another family that had planned to join them backed out after seeing the price tag.

“The pinch is being felt all the way around,” Bernaba said.

Analysts have increasingly described travel spending as “K-shaped,” with higher-income households continuing to spend while lower-income families pull back or opt out entirely. Bank of America said lower-income households were significantly more likely to report having no summer travel plans this year.

Travelers are confronting other stressors besides cost.

Airlines around the world have canceled flights and trimmed routes to save on fuel and operating costs, leaving passengers with fewer options. Recent U.S. government shutdowns — which caused major flight disruptions and long security lines — are likely still fresh in travelers’ minds. The conflict in the Middle East and broader geopolitical tensions add another layer of concern, especially for those considering trips abroad.

The various factors impacting travel right now have made planning trips more mentally taxing and may be pushing people toward simpler and more accessible vacations that feel easier to manage, said Marta Soligo, a tourism sociologist at the University of Nevada, Las Vegas.

“The keyword here is unpredictability,” Soligo said. “Tourists don’t like unpredictability.”

Quality over quantity

Jim Wang, a personal finance blogger who lives in Maryland with his wife and four children, said his family’s original plan to travel to Spain to see a full solar eclipse in August began to unravel once they looked at the logistics.

Beyond thousands of dollars in airfare, the trip would have required multiple connecting flights, plus a car rental to reach northern Spain, where the path of totality is expected to pass.

“It’s like, ‘Oh, I don’t know if I want to see the eclipse that much,’” Wang said.

Instead, Wang’s family plans to head this summer to the Lake Tahoe area straddling California and Nevada, where they can stay at a relative’s cabin for free, hike and enjoy a slower pace with limited cellphone service. His wife’s parents and sister expect to join them.

“We’re still going to travel. It’ll just be different,” Wang said. “The vacations are no longer as grand for the adults. But for our kids, it’s still exciting.”

Nancy McGehee, a Virginia Tech hospitality professor who studies consumer behavior, said travelers are increasingly focusing more on the “why than the where” when it comes to vacations.

“What we’re seeing is people are saying, ‘All right, we can’t do that big splashy trip we wanted to do, but what else can we do?’” McGehee said. “It’s more quality over quantity that we’re seeing people go for.”

Back in Rhode Island, Bernaba has accepted that travel may look different for her family for a while.

“I think that’s probably why my mind has gone to doing more nature-y things,” she said. “Let’s learn how to use the earth to enjoy ourselves because that’s not going to cost as much money.”

Yamat writes for the Associated Press.

May 8 (UPI) — President Donald Trump threatened to raise tariffs to “much higher levels” on the European Union if it doesn’t agree to a trade deal by July 4.

“I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I’ve been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels,” the president said Thursday afternoon on Truth Social.

The threat came after The EU has struggled to agree on the terms of the Turnberry Accord, which was for the United States to lower tariffs on EU products and for the EU to remove tariffs on U.S. industrial goods and invest billions in U.S. industries, including energy.

Von Der Leyen said on X that the bloc is still committed to the deal.

“I had a very good call with @POTUS. We discussed the situation in the Middle East and our close coordination with regional partners. We are united that Iran must never possess a nuclear weapon. Recent events have clearly shown that the risks to regional stability and global security are too great.

“We also discussed the EU-U.S. trade deal. We remain fully committed, on both sides, to its implementation. Good progress is being made towards tariff reduction by early July.”

Last week, Trump threatened to raise tariffs on European autos to 25%. It’s unclear if his renewed threat is specifically for vehicles or if it encompasses all EU exports.

Complicating matters is that Trump’s current method of levying tariffs was blocked Thursday by the U.S. Court of International Trade.

In February, the U.S. Supreme Court struck down the administration’s tariffs issued under the International Emergency Economic Powers Act of 1977. Trump then added a 10% across-the-board tariff and then later upped it to 15%.

U.S. Trade Representative Jamieson Greer said in an interview with Politico Thursday that the EU is moving slowly.

“With the tariffs, they’ve at least started a process. They’re working it through,” Greer said. “It’s a pain. I understand it’s slow. We’re not patient. But there are other things where they haven’t even started a process.”

“We’re 95% compliant for nine months … and they’ve been 0% compliant during that time. What am I supposed to do?” he said.