News

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Thu, 30 Jan 2020 07:36:17 GMT

Facebook sees its revenue growth slowing

Facebook Inc reported its revenue growth would keep slowing, but highlighted a surge in the social media giant's quarterly expenses, missing Wall Street's expectations for the improving privacy costs to level off.

Thu, 30 Jan 2020 05:53:36 GMT

Microsoft beats Q2 revenue estimates

Microsoft beat analysts' expectations for quarterly revenue, which grew 13.7% to $36.91B, supported by strong performance from Azure, the cloud computing platform.

Thu, 30 Jan 2020 05:10:54 GMT

PayPal quarterly profit decreases 13%

PayPal Holdings revealed a 13% decrease in its profit to $507M in the Q4, as the company spent more on technology and acquisitions.

Thu, 30 Jan 2020 04:31:26 GMT

Google Shopping product leader leaves for Coinbase

Surojit Chatterjee, the Google Shopping product leader, was leaving the company for the role of the Chief Product Officer at cryptocurrency exchange Coinbase.

Wed, 29 Jan 2020 21:45:03 GMT

Ford's Lincoln to make EV with Rivian

Ford Motor owned Lincoln Motor confirmed that it plans to produce battery-powered electric cars in cooperation with Ford-backed start-up Rivian.

Wed, 29 Jan 2020 20:52:04 GMT

EU approves Brexit deal

On Wednesday, the European Parliament voted to grant its final approval to the Brexit deal, allowing the UK to leave EU on Friday.

Wed, 29 Jan 2020 19:49:42 GMT

Aviation stocks decline

The recent travel bans from and to China during this week impacted the stock prices of various airlines, which no longer serviced the banned flight routes.

Wed, 29 Jan 2020 18:43:21 GMT

Stock indices pause surge

During Wednesday's US trading session, stock indices retreated from previously booked high levels, as some companies reported disappointing quarterly earnings.

Wed, 29 Jan 2020 17:47:43 GMT

BBC to cut 450 jobs

The BBC is set to cut nearly 450 jobs from the company's news division within an £80M savings drive and modernisation programme.

Wed, 29 Jan 2020 16:47:32 GMT

KFC to sell plant-based fried chicken in US

Beyond Meat stated that it is set to supply plant-based fried chicken to some KFC stores in the southern US, after last year's test revealed strong consumer demand.

Wed, 29 Jan 2020 15:58:58 GMT

Mastercard beats profit forecasts

Mastercard beat Wall Street forecasts for quarterly profit, which rose 16% to $4.41B, as customers' spending increased during the US holiday shopping.

Wed, 29 Jan 2020 14:50:39 GMT

Airbnb backs regulation

On Wednesday, Airbnb revealed that it is backing the proposals for the regulation of online platforms. The announcement came after Airbnb was classified as an online platform by an EU court.

Wed, 29 Jan 2020 13:43:12 GMT

Huawei denies German reports

Telecoms network equipment maker Huawei on Wednesday denied reports that the German government has evidence of Huawei cooperating with Chinese intelligence services.

Wed, 29 Jan 2020 12:49:41 GMT

Crude oil prices rise

During Wednesday's European trading, crude oil prices increased, as data was published, which revealed a decline in US crude oil inventories.

Wed, 29 Jan 2020 12:32:17 GMT

General Electric beats forecasts

On Wednesday, General Electric revealed their quarterly profits, which beat analyst estimates and caused a surge of the company' stock price.

Wed, 29 Jan 2020 10:51:21 GMT

Stock indices surge on Wednesday

During early European Wednesday trading hours, global stock indices recovered. The global surge was caused by good earnings reports.

Wed, 29 Jan 2020 10:11:53 GMT

German consumer sentiment rises

On Wednesday, GfK institute revealed that consumer sentiment in Germany has risen. The sentiment is comprised by surveying 2000 Germans.

Wed, 29 Jan 2020 08:43:27 GMT

Apple's iPhone returns to growth

Apple Inc reported its profits and sales for the holiday shopping season above Wall Street's estimates, due to growing iPhone sales and rising demand for the tech giant's add-ons such as AirPods wireless headphones.

Wed, 29 Jan 2020 08:33:49 GMT

Ford to renew output at China JV with Changan

Ford Motor is planning to resume its production on February 10 at its Chinese output facilities with Chongqing Changan Automobile, the joint venture partner, a spokesman for the US carmaker stated on Wednesday.

Wed, 29 Jan 2020 06:01:30 GMT

Bolivia's interim President Anez reshuffles cabinet

Jeanine Anez, the Bolivian interim President, has reshuffled her cabinet after backlash. The three ministries reshuffled were those of communication, rural development and education.

Wed, 29 Jan 2020 05:01:25 GMT

Tim Hortons removes Beyond Meat products from shops

Tim Hortons, a fast-food restaurant chain, announced on Tuesday that it had removed the products of Beyond Meat Inc from its shops in the British Columbia and Ontario.

Wed, 29 Jan 2020 04:01:26 GMT

Pfizer profit misses expectations

Shares of Pfizer Inc edged lower by 0.90% in value in the premarket trading on Tuesday after the drugmaker company reported a lower-than-expected Q4 profit.

Wed, 29 Jan 2020 02:52:20 GMT

Renault appoints De Meo as new CEO

According to the New York Times on Tuesday, French auto giant Renault has named the former Chief Executive of Volkswagen's Luca de Meo as new CEO.

Tue, 28 Jan 2020 20:41:15 GMT

3M releases profit forecasts

The industrial giant 3M revealed on Tuesday its 2020 profit forecasts, which were below expectations.

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