The Chief Executive of Ryanair Michael O'Leary has commented that the new management of Boeing has continued to disappoint, as plane deliveries remain behind schedule.
Meta Platforms have announced that on January 14 the firm will shut down Meta Sparks, the augmented reality product studio that was used by third-party content creators for Facebook and Instagram effects. The move is part of a cost-cutting campaign.
The Bank of Japan has started to investigate options of including wage related data into its business survey in an effort to accurately reflect and take into account salary trends.
The mining company BHP has reported better than expected quarterly earnings and announced that it would concentrate on growing the firm's copper business.
Market consensus forecast for the upcoming Nvidia quarterly financial results indicate that the company could report a doubling of profits.
For a third month in a row, the German IFO Institute business sentiment has continued to decline. In August, the index has decreased to 86.6 points.
The administration of Biden-Harris intends to increase trade tariffs on Chinese imports. However, US electric industry firms have asked for the tariffs to be reduced, delayed or even abandoned at all, as firms see the move doing more damage than good to the USA.
Reuters has revealed that the Chinese ride-hailing service DiDi is set to sell its smart auto assets to NavInfo.
The ride-hailing platform Uber has received a fine in the Netherlands due to sending European taxi driver data to the United States. The total fine amounts to $290 million.
The US retailer Target has managed to succeed in its price cut campaign, as it increased sales beyond expectations. Due to this reason, the company has increased its 2024 profit forecast.
A California judge has dismissed a lawsuit against Musk's social media company X. The lawsuit accused the company of getting rid of workers with disabilities that could not comply with Musk's policy of no remote work.
Due to weak demand for upscale products, Macy's reduced its 2024 income expectations. The news were the catalyst of a broad stock price decline.
Exports of crude oil from the United States have continued to increase. However, recent data indicates that the growth has been slowing down and might stop by the end of 2024, as global and domestic demand has been declining.
The investment bank has downgraded its forecasts for the Chinese equity market due to recent update of economic fundamentals and market sentiment.
Fitness equipment firm Peloton Interactive has revealed that it searches for a new CEO who could turn around the company that has been struggling in the aftermath of the boom experienced during Covid lockdowns.
The banking group Morgan Stanley has issued a warning about Mexican stocks due to upcoming electoral and judiciary changes in the country.
A recent survey of economists done by Reuters has revealed that most expect the global stock markets to continue to move higher, as the US Federal Reserve gradually cuts interest rates.
World's largest asset manager, BlackRock has denied support to most of its shareholder environmental, social and governance proposals, as the asset managers has not seen economic merit or long term benefit in 96% of the proposals.
US carmaker Ford has announced that it would cancel the project to develop a three-row electric SUV. The change of plans might cost up to $1.9 billion in write-downs and expenses.
Due to increased demand for chips in consumer, industrial and communications sectors, Analog Devices have announced a fourth quarter revenue and profit forecast that is above the market consensus forecasts.
In the aftermath of the European Union deciding upon tariffs on Chinese electric vehicles, Chinese authorities have started an investigation of European Union's dairy products for potential signs of government subsidies of the exports of these products to China.
The US retailer TJ Maxx parent company TJX Cos has increased the 2024 profit forecast due to declining costs and high demand for affordable accessories and clothing.
The Chinese ride hailing company, DiDi Global has managed to make a profit of 1.4 billion Yuan in the second quarter of 2024, compared to a loss of 300 million Yuan in the year prior.
The experienced media executive Edgar Bronfman has submitted a $4.3 billion bid to acquire National Amusements, which owns the controlling stake in Paramount Global.