We view Puma as a leader in global sportswear, but do not believe it has achieved a competitive advantage. Since 2014, Puma’s annual sales have risen to nearly EUR 9 billion from EUR 3 billion as the ...

Major Wall Street banks have modestly lifted their oil-price forecasts for this year and next, but lingering uncertainty over U.S. tariffs and rising OPEC+ output continue to cloud the outlook. The ...