Bank of America has surveyed its investors and found out that they are the most bullish since November 2021. The November 2021 marked the top in various speculative assets.
The Wall Street Journal has reported that Walmart is set to fire hundreds of its corporate staff. Moreover, other employees are forced to relocate.
The pharma giant Bayer has reported a decline of profits in the first quarter of 2024. However, due to the decline being lower than forecast, the stock price of the company rallied.
The Vice Chairman of the Federal Reserve Phillip Jefferson has recently stated that despite the central bank attempting to clearly communicate with the public, it is experiencing issues.
The BHP group announced this week that Anglo American has rejected an updated buyout despite BHP increasing the buyout sum from $38 billion up to $42.67.
Chinese government is set to start the issue of new bonds for a total value of 1 trillion Yuan. The borrowed funds are going to be used to stimulate the national economy.
The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected.
The Wall Street Journal has reported that Intel is about to close $11 billion deal with Apollo. Apollo Global Management is set to provide Intel funds to build a new factory in Ireland.
United States auto manufacturer workers of the Mercedes-Benz plant in Alabama have decided to vote upon whether to join the United Auto Workers union. The vote could result in follow up worker demands from the company.
Leader of the US Senate Majority Chuck Schumer has urged the Federal Trade Commission to "pump the breaks" on Chevron acquiring Hess corporation.
Retail giant Amazon has revealed that it would invest $1.3 billion in France. The investment is set to create new 3,000 jobs.
The Japanese major bank SoftBank has reported that it has managed to profit in the first quarter of 2024. Profits have been attributed to using artificial intelligence solutions.
Due to overall low returns, investors in Europe have started to invest on their own and dump the services of hedge funds. The trend has resulted in a 8-year low level in European hedge fund assets.
Today, OpenAI is set to announce a string of new updates to its ChatGPT products. A conference is set to be live streamed at 17:00 GMT.
The Russian gas giant has posted its first loss since late 1990s, as the firm has suffered losses of $7 billion. Quarterly result release has revealed that gas prices in China have been declining and there is less demand than in Europe.
Data for April has revealed that in April sales of homes in Toronto have decreased for a third month straight. Meanwhile, prices have continued to rise.
Turkish inflation has reached highest level since 2022 by nearing 70% in April. The Finance Minister of Turkey Mehmet Simsek commented that the inflation is in line with expectations.
German firm Henkel has revealed that it expects higher profits in 2024, as it has experienced a strong first quarter.
The banking group Societe Generale has reported a decline in profits in the first quarter of 2024. However, the drop of income has been lower than expected.
Weak demand in Europe has caused a decline in the share price of Daimler Truck, despite the company revealing better financial results for the last quarter.
Due to the ongoing boom in AI, global firms have been buying up semiconductors, which are mostly produced in Taiwan. Due to this reason, investors have been buying Taiwanese ETFs.
The sports brand firm Adidas has revealed that it intends to invest into and actively manage the three stripe sneaker Samba and multi-colour Gazelle brands.
As the earnings season is over, it has been revealed to the world that tech giant firms have experienced rising costs that stem from the development of artificial intelligence tech.
The Universal Music Group has struck a new pact with TikTok that would see the return of the group's artists to the platform.