News

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Fri, 30 Apr 2021 04:00:07 GMT

Twitter shares sink 9%

Twitter's shares plunged 9% in after-trade hours on Thursday on its lukewarm revenue outlook for the Q2 and warned of surging costs and expenses, marking potential user growth decline in the current year.

Fri, 30 Apr 2021 03:00:08 GMT

Amazon posts biggest profit ever

Amazon.com reported the largest profit ever, with the company's sales rising as well, boosted by consumer spendings during the pandemic, while shares surged as much as 4% after the US trading session ended.

Thu, 29 Apr 2021 21:04:50 GMT

Facebook fuels S&P 500 to record high

On Thursday, the S&P 500 reached its intraday record high, driven by Facebook's gains following the social media giant's robust earnings report.

Thu, 29 Apr 2021 20:00:07 GMT

Ford shares down 10% on hit by chip shortage

Shares of Ford Motor declined above 10% on Thursday, following its warning about the global semiconductor chip shortage, which would cut its Q2 vehicle production in half.

Thu, 29 Apr 2021 19:00:07 GMT

Salesforce acts over climate with suppliers

Salesforce.com Inc announced that supplier contracts will require partner companies to set carbon-reduction goals and deliver services and products on a carbon-neutral basis.

Thu, 29 Apr 2021 18:00:07 GMT

Microsoft to charge game developers less

The New York Times reported that Microsoft is set to slash its charges for developers of video games for using its online store starting from August.

Thu, 29 Apr 2021 17:00:06 GMT

Unilever plans €3B share buyback

Unilever announced a €3B share buyback, adding that it was assured of hitting this year's sales targets, as demand from home cooks and China helped to beat Q1 sales expectations.

Thu, 29 Apr 2021 16:00:07 GMT

Samsung beats Apple in smartphone shipments

According to the Canalys report, Samsung shipped 76.5M smartphones in the Q1, getting a 22% market share, while Apple shipped 52.4M iPhones in the same period.

Thu, 29 Apr 2021 14:45:57 GMT

Mastercard reports $4.2B revenue

Mastercard Inc reported that its net revenue increased 4% to $4.2B from last year, surpassing estimates for $3.99B, as improved consumer spending helped offset a decline in cross-border card payments.

Thu, 29 Apr 2021 14:04:41 GMT

Tech giants to drive Wall Street indexes

On Thursday, Apple and Facebook posted their stellar earnings, boosting the Wall Street main indexes during the US trading hours.

Thu, 29 Apr 2021 13:34:45 GMT

Baidu to roll out robotaxi services

China's Baidu announced on Thursday it is set to launch paid driverless ride-hailing services in Beijing starting May 2, making it the first local company among the others to offer such a service to paying users.

Thu, 29 Apr 2021 11:48:33 GMT

Merck posts Q1 profit drop

On Thursday, Merck reported a 1.2% drop in its Q1 profit, tumbled by a decline in visits to medical facilities due to the growing number of COVID-19 cases in the United States in January 2021.

Thu, 29 Apr 2021 11:19:53 GMT

Lufthansa cuts flight capacity forecast

Lufthansa has trimmed its flight capacity outlook for 2021 amid slow travel rebound following the pandemic, sending its shares 1.15% down early on Thursday.

Thu, 29 Apr 2021 08:47:36 GMT

Global shares extend gains

On Thursday, global shares gained a lift following the Federal Reserve's statement that it was not the time yet to think over rolling back the economy's emergency support, and the US President Joe Biden's proposal of $1.8 trillion stimulus package.

Thu, 29 Apr 2021 08:41:55 GMT

Airbus to lift jet production

Airbus has confirmed its plans on Thursday to raise the output of the planemaker's most-sold jets, sending its shares up 2.8% on the news.

Thu, 29 Apr 2021 08:35:38 GMT

Airbus keeps forecasts unchanged

On Thursday, Airbus reported better-than-expected Q1 core earnings but maintained its forecasts due to uncertainty during the COVID-19 pandemic.

Thu, 29 Apr 2021 07:08:05 GMT

Huawei seeks control over small EV maker

China's Huawei Technologies has entered talks about gaining control over small local carmaker's electric vehicle unit, in a strategic move to expand more in the EV manufacturing.

Thu, 29 Apr 2021 06:34:18 GMT

Global EV sales pick up speed in Q1

Global electric vehicle sales accelerated in the Q1, but the industry still needs government help for building charging stations and imposing bans on fossil-fuel cars to keep this momentum going, the IEA stated on Thursday.

Thu, 29 Apr 2021 05:00:06 GMT

EIB uses blockchain for €100M bond sale

The European Investment Bank raised €100M from a two-year digital bond sale in a sign of attention from the capital markets in using blockchain technology.

Thu, 29 Apr 2021 04:00:08 GMT

BaFin warns Binance about stock tokens

BaFin, the German financial regulator, warned that Binance, one of the biggest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without publishing an investor prospectus first.

Thu, 29 Apr 2021 03:00:08 GMT

GM deals on new EV charging points

General Motors announced deals with the main EV charging networks to provide its customers access to almost 60K charging points across Canada and the US.

Wed, 28 Apr 2021 21:00:06 GMT

Toyota to invest in new SUV plant

Toyota Motor announced that it will invest $803M and add 1.4K positions at an assembly plant in Indiana to build two new larger SUVs.

Wed, 28 Apr 2021 20:00:07 GMT

Nestle to shut British plant

Nestle is set to close a Fawdon factory in England, putting almost 600 jobs at risk, as the world's largest packed food corporation restructures its confectionery business in the UK.

Wed, 28 Apr 2021 19:20:00 GMT

Saudis considers selling Saudi Aramco stake

Saudi Arabia was in talks to sell a stake of 1% in state oil company Saudi Aramco to an unnamed "leading global energy firm" as he expects a rebound after the pandemic.

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