After experiencing its first profitable year, Uber has announced a $7 billion share buyback program.
Reuters has reported that the total amount invested in Bitcoin has returned above the $1 trillion mark.
Microsoft has announced that the company had caught hackers from Iran, Russia and China that have been using their AI technology.
The global shipping company Maersk has announced that it expects profits to decline due to a global oversupply of shipping services. Moreover, the company revealed that the Houthi attacks in the Red Sea have not caused big enough shipping rate increase to balance out the decrease of demand.
Due to government support, new bank loans in China had hit a record high level, in January.
The Swiss pharmaceutical company Roche is set to fire 345 employees of the product development unit of the company. The 345 specialists comprise 6.00% of the company's workforce.
The unit of Toyota has revealed that it is about to reveal an updated management structure during this week.
Despite other retail clothing and accessory firms experiencing a decline, Hermes has reported a stunning 17.5% increase of sales in the last quarter of 2024. The news initiated a surge of the company's stock price.
Reuters has reported that various head-hunters and bankers have stated that western investment banks have been preparing for employee layoffs in Asia.
The Financial Times have reported that the ChatGPT maker OpenAI has reached the $2 billion revenue mark in December. Moreover, the "start-up" is expected to double its income in 2025.
The Japanese chipmaker Kioxia has reported the total third quarter 2023 loss to be at $434 million. However, the loss is an improvement, compared to a nearly $670 loss in the previous quarter.
The Chinese company Baidu has partnered up with Lenovo to use generative AI in Lenovo smartphones.
Due to low sales in Asia decreasing quarterly earnings, the stock price of L'Oreal have dropped 7.5%. The company has reported total sales of 10.6 billion Euros, but the markets expected 10.9 billion.
Recently published data has revealed that consumer prices in China have experienced the biggest drop since 2009. The data signals potential deflation risks to the Chinese economy.
Reuters has reported that the major German landlord TAG has warned about a potential drop of real estate prices of 30%, from the 2022 peak.
Due to a decrease of demand for their products, Harley-Davidson has experienced a stunning 38% decline in quarterly profits.
Bloomberg News has revealed to the world that Tesla has been evaluating which job positions were critical. The investigations have caused fears of upcoming layoffs.
The top 500 US stock company index has extended its spectacular surge. The US stocks started Friday's trading at the $500.00 mark.
Due to decreasing input costs, the apparel producer Under Armour has increased its profit and margin forecasts. The announcement caused an 8.00% surge of the company's stock price. However, by the end of the day, the stock price returned to prior levels.
The utility company Duke Energy has not achieved the market forecast financial results in the fourth quarter of 2023. The failure was caused by higher interest rate payments.
The oil and gas production company Conoco Philips has increased production in the Permian Basin, acquired new stakes in facilities, which in turn has resulted in a 8.2% quarterly increase of production.
The Deputy Administrator of the Panama Canal Ilya Espino has revealed to Reuters that the channel is set to remain without any vessel restrictions until April.
Despite a drop in profits in 2023, compared to 2022, oil companies have increased dividend and share repurchase programs to $111 billion. The companies such as BP, Chevron, Exxon, Shell and Total Energies are aiming to attract back investors.
A recent New York Federal Reserve study has revealed that wealth inequality in the United States has continued to increase.