On Friday, the Chief Financial Officer of Mercedes-Benz Harald Wilhelm revealed that the company expects an easing in raw material prices and semiconductor supply in the second half of 2022.
The US President Joe Biden recently commented that the ongoing consumer inflation surge has been stretching the budgets of average Americans.
Last week, Uber released that the company has made an annual operating profit of $5 billion, which was below the analyst estimate of $5.7 billion.
Industrial gas giant Linde has revealed that the company expects 10%-13% increase in its earnings in 2022.
This week, the European Commission revealed that it is cutting its EU GDP growth forecast and increases expected inflation view.
On Thursday, Tesla announced another recall of vehicles, as nearly 579,000 vehicles are reportedly having issues with pedestrian warning risk sounds.
The Coca Cola Company announced this week higher than forecast earnings, as higher prices for soft drinks boosted the company's profits.
This week, the government of California sued Tesla over allegation that the company had been racially discriminating.
Data published on Thursday revealed that US Consumer prices had experienced largest annual increase in a period of 40 years.
This week, Maersk announced that freight rates are expected to remain high due to large shipping volumes and tied up capacity outside of ports.
US month-on-month inflation was revealed to be higher than forecast, as the CPI came in at 0.6% instead of 0.4% The value of the US Dollar immediately surged, as the higher than expected inflation strengthened the case of the US Federal Reserve for monetary tightening.
Equinor revealed this week that the Norwegian energy company would pay out $10 billion in dividends, as the company reported record quarterly profits.
Farm commodity trader Bunge announced this week that the company had experienced a 17.10% rise in profits. The news sent the company's stock price surging.
On Wednesday, Honda announced that the company would increase its full year forecast by 21.00%. The company's stock price started a surge, as the news were announced.
This week, the stock price of ABN Amro declined, as the company announced share buybacks and higher than forecast profits. The markets took in the news negatively.
The National Federation of Independent Business revealed this week that small business confidence reached a 11-month low level in January.
This week, the European Commission issued new rules, which would allow the EU members to provide funding to new chip factories. In total, 15 billion EUR could be provided to the industry by 2030.
At the start of this week, the US Securities and Exchanges Commission sent a subpoena to Tesla over a 2018 settlement.
BP revealed this week that the company's profits had hit an eight year high, as the company made $12.8 billion in profit in 2021.
This week, Volvo Cars announced that the company would invest $1.1 billion in switching a Swedish plant to the production of electric vehicles.
At the start of Tuesday's US trading hours, the stock price of Alibaba jumped by more than 5.00%. The surge occurred before the company was set to announce its quarterly results.
This week, Reuters reported that Chevron had requested the permission of US government to take Venezuelan oil cargo as payment for unpaid debt.
European Union regulators revealed this week that immediate action would be needed to update consumer protection of cross-border financial services due to the recent impact on finance from big tech.
European Central Bank policymaker Martins Kazaks revealed to Reuters this week that an ECB rate hike is unlikely to occur in July.