Due to interest income on stablecoin reserves, Coinbase has managed to increase its revenues and profit in the fourth quarter of 2024.
The US Republican Senator has asked the United States Securities and Exchange Commission to block the IPO of Shein due to the company's operations in China.
The semiconductor equipment firm Applied Materials has announced that, due to strong AI chip demand, the company would increase is revenue forecasts.
The streaming platform Roku has announced that it expects higher than previously forecast 2024 first quarter revenues. However, the company has experienced a stock drop due to missing last quarterly market forecasts.
The Chief Executive Officer of Ford Motor Company Jim Farley has stated that he is ready to work with other US electric vehicle producers to develop a strategy to compete with Chinese firms.
JPMorgan Chase asset management and State Street have announced that they would abandon the largest climate change investing advocate group.
The Chairman of the US Federal Reserve Jerome Powell is set to speak before the United States Senate banking committee in the biannual monetary policy update on March 7. The head of the central bank is expected to provide insights into policy.
In January, the US retail sales volume has declined by 0.8%. In addition, December data has been revised downwards from an increase of 0.6% down to 0.4%.
As NVidia announced that it has been acquiring shares in firms that have been developing new AI technology, the stock price of various AI companies have been surging. The markets are guessing and buying up stocks that NVidia could be interested in.
Google has revealed that it would allow businesses to use auto updating of ChromeOS on older PC models that are set to no longer be supported by Microsoft's Windows 10. By doing so, Alphabet might acquire nearly 240 million new OS clients.
The Japanese chip company Renesas has announced that it would buy the software company Altium for a total of $5.9 billion.
Production at US factories has declined in the month of January, as the Federal Reserve is blaming harsh winter weather.
The banking group Citi has revealed that it expects a 5.00% US Dollar surge, if the Republican Part clean sweeps the upcoming US November election.
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. Prices for goods at the wholesale level have grown stunningly. The monthly increase in the PPI is at 0.3% and the Core PPI at 0.5%. Both were expected to increase just 0.1%.
Due to pressure from Chinese competition, European electric vehicle makers Renault and Stellantis have started to cut costs in an effort to reduce EV prices.
The Alphabet owned company has revealed a new software that might read a million word long text in approximately a minute.
The electric vehicle producer Lucid has decreased the price for its Air luxury vehicle. The company intends to increase demand.
The most recent release of Japanese Gross Domestic Product data has revealed that the country has entered a recession. Moreover, the decline in GDP has moved the country to the spot of the fourth largest economy, as it has been overtaken by Germany.
Cisco Systems is set to fire 5.00% of its global workforce, which is more than 4,000 employees. Moreover, the company has lowered its revenue targets.
The Finnish telecommunications company Nokia has partnered up with Dell Technologies to develop and deploy private 5G networks.
Reuters has reported that Morgan Stanley would fire hundreds of employees in the firm's wealth management unit.
The US pharmaceutical company Pfizer has revealed that it had agreed to a $93 million settlement to settle the Lipitor antitrust lawsuit.
The German consumer goods firm Henkel has made a deal to acquire US company Seal for Life Industries. The US company specializes in sealing and protective coating solutions.
The latest United Kingdom GDP data has revealed that the country has entered into a recession in the last quarter of 2023, as the economy shrank by 0.3%.