A major deal is being done in the mining sector. The BHP Group has revealed that it would like to acquire Anglo American for a total of $38.8 billion. These news caused a surge of the AAL stock, as BHP intends to pay a 31% premium on current stock price.
President of the United States Joe Biden has decided to grant Micron Technology a grant for up to $6.14 billion that would allow the firm to build two new factories in the United States.
The US telecom firm has managed to pass Wall Street analyst expectations for new subscriber growth. More people have bought up the firm's high end unlimited plans.
Investors of Tesla, who sued against Musk's $56 billion pay has asked Delaware judges to keep the case in the state, as Musk has tried to move his legal home to Texas.
Chief Executive Officer of HSBC Michael Roberts has recently stated in an interview that wealthy clients from China and Hong Kong are investing in the US markets, despite recent decline.
For the first time in seven quarters, Boeing has experienced a decline in quarterly revenues, as the firm has had to delay its plane deliveries. The company experienced quality issues with production during the first part of 2024.
United States Supreme Court has indicated that it is supporting Starbucks in its objection to a judge's order to rehire seven employees that pushed for employee unionization.
The tobacco company Philip Morris International has revealed that in the first quarter of 2024 it has earned higher than expected revenue. High income was caused by demand for Zyn nicotine pouches and heated tobacco.
New family house construction in the United States has surpassed forecasts as new home sales have reached a six-month high level.
A regulatory filing has revealed that Fisker might file for bankruptcy during the next 30 days unless the firm gets a relief from creditors.
Electric Vehicle maker Tesla has fired more than 6,000 employees in California and Texas. The information about the layoffs has become public due to US laws forcing the company to disclose upcoming job cuts.
The United States homebuilder NVR has reports higher than expected quarterly earnings results, as an offer for fixed mortgage rates has boosted housing demand.
In the first quarter of 2024, United States oil and gas firm mergers and acquisitions have reached a record high. It has been observed that the boom of 2023 has not stopped at the start of a new year.
The French car producer Renault has revealed that the firm expects higher than previously forecast sales in 2024 due to the launch of new car models.
The US ecommerce firm Amazon has started to offer a new consumer product delivery plan to potential clients that are using government food assistance programs.
After the market closed on April 24, Meta released its quarterly financial results. Despite beating earnings expectations, the stock has plummeted in pre-market trading, as the firm expects costs to impact future earnings.
Bureau of Economic Analysis has published the US Advance GDP data for the first quarter of 2024. The release shocked the markets by being below expectations. The market consensus forecast was that GDP had increased by 2.5% over the quarter. Actual released data revealed growth of just 1.6%.
Recently published data has revealed that in the first quarter of 2024 Apple phone shipments to China had decreased by 19.00%.
This week, Microsoft has revealed to the world a new lightweight AI model that is aimed at attracting clients that are looking for less expensive solutions.
Japanese convenience store chain 7-Eleven has announced major plans to increase its spread into Europe, Middle East, Africa and Latin America.
The music streaming platform Spotify has revealed that it has increased its quarterly profits above the one billion Euro level. The news have boosted a surge of the firm's stock price.
The commodity trading company Trafigura has revealed that it expects the demand for EVs, power infrastructure, AI and automation to result in the demand increase of additional 10 million tons.
United Parcel Service has revealed that the firms has surpassed market expectations for the company's quarterly profits. The firms has managed to profit by firing 12,000 non-union employees and with it reducing costs.
The US tech giant Apple has announced that it would hold a tech event on May 7. It is usual that new products are announced at these events.