News

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Fri, 28 May 2021 19:00:06 GMT

US consumer prices surge in April

As reported by the US Commerce Department on Friday, US inflation edged higher by 0.70% last month.

Fri, 28 May 2021 18:00:08 GMT

GameStop, AMC stocks edge higher

AMC Entertainment's shares rose by 17.3% to $31.11 in the US premarket trading on Friday, while stocks of video game retailer GameStop soared by 2%.

Fri, 28 May 2021 17:00:08 GMT

Canada's TSX futures edge higher

On Friday, futures for the Canadian S&P/TSX composite index edged higher by 0.34% at 7:00 a.m. ET.

Fri, 28 May 2021 15:40:07 GMT

Boeing halts 787 Dreamliner deliveries

The FAA has confirmed on Friday that Boeing had temporarily suspended its 787 Dreamliner deliveries on the agency's request for additional data to determine whether its planned inspection method complied with federal requirements.

Fri, 28 May 2021 14:44:55 GMT

Klarna's Q1 transaction value almost doubles

On Friday, the Swedish company Klarna reported the value of transactions using the company's platform in Q1 nearly doubled, driven mainly by the US growth.

Fri, 28 May 2021 14:24:36 GMT

India's Tata acquires BigBasket's stake

India's Tata Sons bought the majority stake in BigBasket, the online grocery seller, joining the e-commerce race with Walmart's Flipkart, Amazon.com and Reliance Industries.

Fri, 28 May 2021 13:36:12 GMT

Bitcoin drops 8% on Friday

On Friday, Bitcoin plunged 8% to its lowest level this week, tumbled by a rising Chinese crackdown as well as environmental concerns to nearly 40% so far in May.

Fri, 28 May 2021 11:42:44 GMT

CD Projekt names new Cyberpunk 2077 game head

On Friday, CD Projekt stated it had named Gabriel Amatangelo as its new head of Cyberpunk 2077 flagship game, as the Polish video games developer seeks recovery from the last year's bug-ridden release of the game.

Fri, 28 May 2021 11:00:08 GMT

Dell, HP see chip shortages to hit supplies

Dell Technologies and HP Inc posted their quarterly revenues that topped Wall Street forecasts on higher demand for their personal computers, but warned that the global semiconductor chip shortage could hit the supplies.

Fri, 28 May 2021 10:00:08 GMT

JD Logistics surges in HK debut

On Friday, JD Logistics soared in its Hong Kong debut, valuing the Chinese delivery company at $34B and providing a robust start for the country's second-biggest listing this year.

Fri, 28 May 2021 09:00:07 GMT

WarnerMedia CEO to stay into 2022

AT&T's Warner Media CEO Jason Kilar stated that he would remain in his position through 2021 and would reassess his options the following year.

Fri, 28 May 2021 08:00:07 GMT

Gap lifts 2021 outlook

Gap has raised its 2021 sales and profit forecast, anticipating an unabated jump in demand for the company's new apparel on hopes for more people returning to pre-pandemic way of life.

Fri, 28 May 2021 07:00:07 GMT

GM resumes production at plants

General Motors is planning to resume its production at five plants across the world that were hit by the global semiconductor chips deficit.

Fri, 28 May 2021 06:00:21 GMT

Sberbank unit rolls out self-driving car

Russia's Sberbank unit SberAutoTech has unveiled its new self-driving car called "FLIP", describing the vehicle as "taxi of the future".

Fri, 28 May 2021 05:00:07 GMT

Salesforce lifts full-year profit, revenue outlook

Salesforce.com raised its annual revenue and profit outlook and reported its quarterly revenue exceeded analysts' expectations, driven by robust demand for the company's cloud-based software during the pandemic.

Fri, 28 May 2021 04:00:09 GMT

Dell tops revenue forecasts

Dell Technologies topped Wall Street expectations for its quarterly revenue on strong demand for the company's software products and notebooks during then pandemic-caused remote working environment.

Fri, 28 May 2021 03:00:09 GMT

Google to settle French antitrust case

Google is close to settle the French antitrust case over allegations the tech giant has abused the power in its online advertising, and is likely to face penalties, according to the Wall Street Journal.

Thu, 27 May 2021 22:17:02 GMT

FIGS gets $4.57B valuation in debut

On Thursday, FIGS Inc's shares soared almost 29% in the market debut, valuing the medical scrubs and face masks maker at $4.57B, indicating strong investor interest following a surge in demand during the pandemic.

Thu, 27 May 2021 20:29:13 GMT

Mexico economy contracts

The economy of Mexico contracted 3.6% in the first three months of 2021, compared to the same period in 2020, the National Institute of Statistics reports.

Thu, 27 May 2021 19:00:08 GMT

Global automakers set up China site to store data

On Thursday, Ford, Daimler and BMW announced that they have established a site in China to store car data locally.

Thu, 27 May 2021 18:00:06 GMT

US weekly unemployment claims hit 14-month low

As reported by the US Labor Department on Thursday, the number of Americans filing for new unemployment benefits declined by 38,000 to a seasonally adjusted 406,000 last week.

Thu, 27 May 2021 17:00:07 GMT

Dow, S&P 500 edge higher

Wall Street's main indexes edged higher on Thursday. At 9:43 a.m. ET, the Dow Jones Industrial Average was up by 259.35 points or 0.76%, while the S&P 500 inched higher by 14.50 points or 0.35%.

Thu, 27 May 2021 16:00:07 GMT

Hyundai to trim combustion engine line-up

Hyundai Motor Group will cut the combustion engine line-up, as part of its plan for further electric vehicle investment, the South Korean carmaker told Reuters.

Thu, 27 May 2021 15:00:07 GMT

Airbus raises jet production targets

On Thursday, Airbus has raised its jet output targets in a bet on the global aviation recovery, strengthening its position ahead of negotiations with suppliers over investment needed for aviation boost.

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