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Volkswagen to cut up to 100,000 jobs, spin off core brand in coming years – report

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Volkswagen to cut up to 100,000 jobs, spin off core brand in coming years – report

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Record temperatures drives up home air conditioning inquiries

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A woman with brown hair is wearing a yellow jumper and is pointing a control at a white air conditioned unit on a wall.

Finding an air conditioned space during the heatwave has been a topic of conversation for many people.

A red warning of extreme heat has affected millions of people – schools have closed, transport has been disrupted and people have been searching for cooler spaces in which to work or rest.

Churches, community centres, museums and libraries have been providing free ‘cool spaces’, helping people to take a break from the rising temperatures.

But some people are going a step further and installing air conditioning in their homes. For companies like Aircon Services in Tamworth, business is booming with domestic inquiries rising by 300% in the last six years.

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People were not willing to tolerate the heat anymore co-founder Marc Newbold said adding air conditioning was starting to be viewed as a necessity not a luxury.

Ninety percent of UK homes will overheat during the summer by 2050, the National Housing Federation said.

Homes have historically been designed for the colder weather with the aim of keeping heat in.

Overheating occurs when indoor temperatures rise to an uncomfortable level, typically exceeding 25C to 27C.

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Wendy’s Stock Gets Boost From Retail Traders

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Alphabet Is Selling 100-Year Debt as Part of a Big Bond Sale

Users poured into a Reddit forum called “WallStreetBets”–known for sparking huge rallies of other so-called meme-stock trades like GameStop–yesterday evening with messages like, “We need to save Wendy’s before it’s too late.”

Also yesterday, Wendy’s named a new chief financial officer in Steve Cirulis, who had been holding the same role at the sandwich chain Potbelly, as part of its wider turnaround plans.

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Australian shares edge higher as precious metals bounce

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Australian shares edge higher as precious metals bounce

The Australian share market has finished higher for the day as gold rebounded after hitting an eight-month low, but local shares still lost ground for the week.

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T-Mobile Shares Advance as Wireless Carrier Maintains Strong Subscriber Growth

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US wireless carrier T-Mobile revealed more details of a data breach that affected millions of customers

T-Mobile US Inc. shares rose modestly on Friday, closing at $181.57 after gaining $0.78, as investors continued assessing the carrier’s competitive position and growth trajectory in the wireless industry.

The advance reflected ongoing confidence in T-Mobile’s ability to attract and retain customers through competitive pricing, network improvements and innovative service offerings. The company has consistently added subscribers while expanding its 5G coverage and capacity.

T-Mobile’s Un-carrier strategy, which emphasizes flexibility and customer-friendly policies, has differentiated it from traditional competitors. Its focus on value and transparency has resonated with consumers seeking alternatives to legacy carriers.

The company’s merger with Sprint, completed several years ago, has delivered anticipated synergies and network benefits. Combined spectrum holdings and infrastructure have strengthened its position as a leading wireless provider.

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Subscriber Growth and Financial Performance

T-Mobile has reported robust postpaid phone net additions in recent quarters, demonstrating its appeal to consumers and businesses. Its service plans and device financing options have contributed to customer acquisition and loyalty.

Revenue growth has been supported by increased average revenue per user and expanded customer base. The company’s ability to monetize its network investments through higher-tier plans and additional services has driven financial improvement.

Operating expenses have been managed effectively despite investments in network expansion and customer acquisition. T-Mobile’s scale provides advantages in negotiating with suppliers and managing operational costs.

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The company’s balance sheet remains solid, supporting continued investment in 5G infrastructure and potential strategic initiatives. Its financial flexibility provides options for returning capital to shareholders or pursuing growth opportunities.

Network and Technology Leadership

T-Mobile has aggressively expanded its 5G network coverage and capacity, positioning itself as a leader in high-speed wireless connectivity. Its mid-band spectrum holdings have enabled strong performance in urban and suburban areas.

The carrier continues investing in advanced technologies including carrier aggregation and dynamic spectrum sharing. These improvements enhance network efficiency and customer experience.

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Fixed wireless access services have emerged as a significant growth area, providing home broadband alternatives in many markets. T-Mobile’s ability to deliver reliable high-speed internet has challenged traditional cable and fiber providers.

The company’s focus on rural coverage expansion through government programs and private investment supports its goal of comprehensive national connectivity. Bridging the digital divide remains an important aspect of its corporate mission.

Competitive Landscape

T-Mobile competes with Verizon and AT&T in a consolidated wireless market. Its aggressive marketing and customer acquisition strategies have pressured competitors to adjust their approaches.

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The carrier’s emphasis on value and flexibility has attracted customers from traditional postpaid plans. Its prepaid and value-oriented offerings serve different market segments effectively.

International roaming and global partnerships enhance its appeal for frequent travelers. T-Mobile’s network agreements provide coverage in numerous countries without additional charges for many customers.

The emergence of new competitors and technologies continues shaping the wireless landscape. T-Mobile’s adaptability and innovation help maintain its competitive edge.

Investment Considerations

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T-Mobile’s share price performance reflects investor confidence in its growth story and market position. The company’s valuation considers its subscriber base, network assets and competitive advantages.

The stock appeals to investors seeking exposure to wireless communications and digital infrastructure. Its growth potential and cash flow generation support positive long-term outlooks.

Risks include regulatory changes, competitive responses and execution challenges in network deployment. T-Mobile’s history of navigating industry challenges provides some reassurance to investors.

Analysts generally maintain constructive views, citing the company’s momentum and strategic initiatives. Continued subscriber growth and margin improvement could drive further valuation support.

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Industry Trends

The wireless industry continues evolving with 5G deployment, increasing data consumption and emerging technologies. Carriers must balance investment in infrastructure with returns on capital.

Consumer demand for unlimited data plans and high-speed connectivity drives network capacity requirements. T-Mobile’s focus on mid-band spectrum has proven effective for balancing coverage and performance.

Fixed wireless access represents a significant opportunity to disrupt traditional broadband markets. Successful execution in this area could diversify revenue streams and reduce reliance on mobile services.

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Regulatory considerations around spectrum allocation, net neutrality and competition policy influence industry dynamics. T-Mobile’s advocacy for pro-competitive policies aligns with its business interests.

Future Outlook

T-Mobile’s strategic direction focuses on expanding its customer base, enhancing network capabilities and developing new revenue streams. Its Un-carrier philosophy continues guiding customer-centric initiatives.

The company’s 5G leadership and fixed wireless growth provide strong foundations for future performance. Continued investment in technology and customer experience will support long-term success.

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Investors will monitor upcoming quarterly results for progress on subscriber metrics, revenue growth and margin trends. Management guidance will provide insight into execution priorities and market conditions.

The wireless industry’s fundamental demand drivers remain strong. T-Mobile’s competitive positioning and operational capabilities suggest potential for continued market share gains.

As the company advances its network and service offerings, its contribution to American connectivity and digital economy will expand. T-Mobile’s progress will be watched closely by industry participants and investors.

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Booking Holdings Stock: Strong Track Record At A Discount (NASDAQ:BKNG)

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Booking Holdings Stock: Strong Track Record At A Discount (NASDAQ:BKNG)

This article was written by

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company’s financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn’t limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a stock’s prospects to determine the risk-to-reward.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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FPIs pump record Rs 39,640 crore into Indian G-Secs in June so far

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FPIs pump record Rs 39,640 crore into Indian G-Secs in June so far
Mumbai: Overseas investors bought a record ₹39,640 crore – or about $4.2 billion – of Indian government bonds in June so far, making this the strongest inflow into debt instruments for a month by some distance and easily surpassing the previous record of ₹22,005 crore, set in August 2024.

The surge came after the government and the Reserve Bank of India exempted capital gains on eligible sovereign debt investments and expanded the pool of securities under the Fully Accessible Route, measures aimed at deepening foreign participation in the domestic bond market.

The tax exemption has paved the way for increased expectations that Indian debt would be included in Bloomberg’s global aggregate index, market participants said.

Vedanta unit accepts bids worth $1.75 billion for three-tranche dollar debt, bankers say
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Vedanta Resources’ subsidiary has successfully raised $1.75 billion through a dollar bond issuance to refinance over $2 billion in high-yielding debt. The company secured funds across six, eight, and eleven-year tenors at competitive rates, significantly lower than initial guidance. This move aims to reduce the cost of borrowing and includes plans to repurchase several existing, higher-interest bonds.


“RBIs measures have alleviated concerns regarding rupee depreciation, while tax exemptions for FPIs have boosted optimism about India’s potential inclusion in Bloomberg’s global aggregate index,” said Sameer Karyatt, MD and head of trading, DBS Bank. “These factors have prompted some investors to invest proactively in India, a trend I expect to continue unless there are major shifts in the global geopolitical environment.”

FPIAgencies

Experts Advise Caution
Inflows from the coordinated regulatory and government measures, which included allowing overseas investors to buy even 30-year debt, are expected to increase India’s foreign exchange reserves that stood at $672 billion as of June 12.


The rupee, after reaching a record low of 96.96 per dollar in late May, appreciated to close at 94.40 on Thursday. The 10-year benchmark yield has eased 20 basis points since the measures were announced. The yield closed at 6.76%, CCIL data showed.
Yields and prices of bonds move in opposite directions. One basis point is a hundredth of a percentage point.”Because the rupee was so volatile and rapidly depreciating, debt investors were averse. But now there is greater confidence and investors think this is a good opportunity,” said Abhishek Upadhyay, senior economist, fixed income strategy, ICICI Securities PD. “I also expect further inflows at the end of this calendar year, as the Bloomberg index inclusion is expected,” Upadhyay said.

The inflows in June come after a muted show in FY26. Net FPI inflows in FAR bonds stood at Rs 3,546 crore last fiscal year, CCIL data showed.

However, some experts caution against extrapolating June’s strong inflows. While recent policy measures have improved the appeal of Indian government bonds, their relative attractiveness remains constrained by elevated US Treasury yields.

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Here’s Exactly When the Texting App Will Stop Working in 2026

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Samsung Smartphone

Samsung is preparing to shut down its long-running Messages app, ending a texting tool that has shipped on Galaxy devices since 2009 and pushing millions of users toward Google’s default messaging platform.

The company has posted a formal End of Service notice confirming that Samsung Messages will be discontinued in July 2026, with Google Messages designated as the replacement. The notice appears on Samsung’s U.S. support website, and the company is directing customers to switch their default texting app before the cutoff arrives.

While Samsung’s public messaging has stuck to the broader “July 2026” timeframe, at least one specific date has surfaced through device notifications sent directly to users. A screenshot obtained by NBC Chicago of a notice some Android users received read: “Samsung Messages is being discontinued on July 6 2026.” The notice continued: “Use Google Messages to get RCS chats with rich, expressive features, end-to-end encryption and powerful AI.”

Samsung has acknowledged that the exact shutdown date may vary depending on the device. The company is advising customers to check the Samsung Messages app itself for the precise date their service will end.

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What happens when the app shuts down

Once the cutoff hits, the app won’t simply vanish from phones — but it will stop functioning as a texting tool. According to the fine print in Samsung’s notice, “sending messages via Samsung Messages on your phone will no longer be possible, except for emergency service numbers or emergency contacts defined in your device.”

The shutdown will also affect a feature some users rely on for cross-device texting. Samsung said its Message Continuity service, known as “Call & Text on Other Devices,” which lets people text from a paired tablet or PC, will also be disrupted once Samsung Messages is discontinued.

Availability of the app itself is already shrinking ahead of the deadline. Owners of the Galaxy S26 and newer devices cannot download the Samsung Messages app from the Galaxy Store at all, and once the app is formally discontinued, no other devices will be able to download it from the store either.

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Not every Galaxy owner needs to worry about the change. Samsung said users running Android 11 or older operating systems are not affected by the end of service.

Why Samsung is making the switch

The move is widely viewed as part of a broader consolidation around Google’s RCS-based messaging standard, which has become the industry norm across most Android phone makers. Samsung had already stopped pre-installing its Messages app on flagship Galaxy devices back in 2024, a step that signaled the company was laying groundwork to phase the app out entirely.

Samsung has framed the change as a way to streamline the texting experience across its hardware lineup. In its end-of-service announcement, the company said the shift is meant “to maintain a consistent messaging experience on Android.” Google Messages offers RCS chat features, including read receipts, typing indicators, higher-quality photo and video sharing, and integration with Gemini-powered AI tools such as suggested replies.

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Industry observers have noted that the shift is closely tied to Google’s broader push for RCS — Rich Communication Services — which functions as something of an Android counterpart to Apple’s iMessage. The change is being described less as a single dramatic shutdown and more as a phased transition.

Will old text messages transfer over?

For most users, the switch should be relatively painless when it comes to standard texts. Google Messages draws from the device’s standard SMS and MMS database, meaning older text conversations typically carry over automatically without requiring a manual export.

RCS conversations are a different story. Because RCS messages are tied to the specific app that sent and received them, conversations held over RCS within Samsung Messages may not transfer automatically, and Google has not released a dedicated tool for importing those RCS threads from third-party apps. It also remains unclear what will happen to message backups stored in Samsung’s cloud service. Samsung has not said whether cloud-stored message archives will stay accessible once the app is retired, or whether users will need to download them in advance.

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Samsung is recommending that affected users back up their message history using Samsung Smart Switch or a similar backup tool before making the switch, then download Google Messages from the Play Store, set it as the default messaging app, and confirm that older conversations appear correctly before disabling the original app.

A geographic question mark

It remains unsettled whether the shutdown will extend beyond the United States. Samsung did not immediately respond to questions about whether its guidance applied globally or only to the U.S. market. Discussion among users in international Samsung community forums has reflected the same uncertainty, with some posts noting it remains unclear whether the end-of-service notice represents a global shutdown, a phased regional closure, or one limited specifically to the U.S. market for now.

Scammers are already exploiting the confusion

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The transition period has also created an opening for fraud. Scammers have begun sending fake texts that exploit confused Galaxy phone owners during the messaging switch. Security researchers note that fraudulent actors frequently obtain phone numbers from data broker sites rather than guessing them, and they recommend that users be cautious of unsolicited texts referencing the app transition, avoid clicking unfamiliar links, and verify any “system” notifications directly within their phone’s settings rather than through a text message.

What users should do before the deadline

For Galaxy owners looking to get ahead of the shutdown, the recommended steps are straightforward: open Samsung Messages to check for a device-specific notice listing the exact cutoff date, back up existing SMS, MMS and RCS conversations, install Google Messages from the Play Store if it isn’t already present, and set it as the default app under the phone’s settings menu. Once switched, users are advised to open Google Messages and confirm their older threads appear correctly before removing or disabling Samsung Messages altogether.

With the deadline now confirmed for July 2026, Samsung’s decision effectively closes the chapter on one of the last major Android manufacturer-built texting apps still operating in the U.S. market, leaving Google Messages as the default standard for Galaxy device owners going forward.

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At Close of Business podcast June 26 2026

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At Close of Business podcast June 26 2026

Jack McGinn and Nadia Budihardjo discuss the rehabilitation efforts at Thevenard Island, and how it fits into a $60 billion decommissioning pipeline.

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Hungry Jack’s owner Competitive Foods Australia sells Claremont site for $7m

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Hungry Jack’s owner Competitive Foods Australia sells Claremont site for $7m

The company behind majority of Australia’s Hungry Jack’s has sold a retail building across the road from Claremont Quarter that was previously home to Club Bay View.

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KPMG trustee goes toe-to-toe with Argonaut's $119m debtor Russell Moran

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KPMG trustee goes toe-to-toe with Argonaut's $119m debtor Russell Moran

Big-ticket bankrupt Russell Moran is going toe-to-toe with his bankruptcy trustee as she pushes ahead with plans to question him about his $120 million-plus implosion.

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