In the fourth quarter of 2023, Taiwan Semiconductor profits have decline by 23%. However, the company expects demand to return in 2024.
The Swiss banking group UBS has increased its 2024 target for the S&P 500 stock index up to 5,150.00.
Vodafone has revealed that it has signed a $1.5 billion deal with Microsoft. The telecommunications company is buying AI and cloud services.
The Dutch oil company has announced that after a century of operations it would leave the Nigerian shore region
The Chief Financial Officer of BMW has revealed that sales growth is mainly gained by electric vehicle sales.
The French tech company Atos has named a new CEO and announced that it would miss its second quarter targets. The company's share price plummeted 16% on the news announcement.
Apple has announced a new phone discount program in China, as it is set to cut some prices by as much as $70. The measures are implemented due to major competition from local brands.
The airplane maker Airbus has reported an annual increase of deliveries of 11%. The company has reached a record year in delivers in 2023.
Reuters has revealed that European Union authorities are set to investigate SAIC, Geely and BYD electric vehicles for potential punitive tariffs.
In December, exports from China continued to increase, as deflation remained persistent in the country.
Due to shipping disruptions in the Red Sea, Tesla has announced that it would stop most of its output for two week in the company's Berlin factory. The stock price of Tesla reacted to the news by dropping below $220.00.
The major global car rental company Hertz Global Holdings is set to sell 20,000 electric vehicles due to high expenses being caused by collisions and other damage.
The United States Producer Price Index shows the inflation level at the business level. Data for December has just been released. The monthly data revealed that prices have declined. It resulted in a drop of the US Dollar index.
As the United States and the United Kingdom have announced airstrikes on Houthis in Yemen, crude oil prices have surged by 3.0%. The surge is attributed to the potential escalation that would lead to another war in the Middle East.
Chesapeake Energy has announced that it would buy out its rival Southwestern Energy for $7.4 billion. The deal is set to make the company the largest natural gas producer in the United States.
Ripple Labs is set to buy back $285 million of the company's shares from employees and early investors. In general, the particularities of the deal are set to push the valuation of the company to $11 billion.
Amazon has announced that the company would fire several hundred of staff in studio and streaming operations. Namely, Amazon MGM Studios and Prime Video employees are set to be laid off.
The Japanese stock index Nikkei 225 has reached above the 35,000.00 mark for the first time since February of 1990.
Due to a drought Maersk is set to avoid the Panama Canal and use rail transport to ship containers. The drought is set to add even more to global shipping costs, as the Suez Canal is being avoided due to terrorist attack risks.
Alphabet has revealed that Google is set to fire hundreds of employees in the engineering hardware and assistant teams. Most of the layoffs would occur in department responsible for Augmented Reality.
The United States Bureau of Labour Statistics has published the United States Consumer Price Index data. The data revealed that inflation in the United States is higher than expected. The US Dollar is surging and the stock market is dropping.
The United States Securities and Exchange Commission has approved the long awaited new Bitcoin Equity Traded Funds. The announcement fuelled a surge of the crypto that was heading to the 48,000.00 mark.
The electric vehicle maker Tesla has announced a new restyled Model 3 for the North American market.
China Passenger Car Association has published 2023 market data. The data revealed that Volkswagen and Toyota have lost 0.6% of total market share to other producers.