The US energy company Chevron is set to face a bidding competition with Exxon Mobil for the exploration and production company Hess Corporation.
The US fund manager BlackRock has reduced its stake in the gold miner Polymetal to 4.01% from 7.44%.
Apple has been pressured into allowing app developers to distribute their applications from their own websites. Previously, app developers had to use the Apple Store.
Reuters has revealed that Goldman Sachs intends to increase its private credit portfolio to 300 million during the next five years.
Chinese tech giant Xiaomi has announced that it is starting to deliver to clients its first electric vehicle model. The stock price of the company surged on the announcement.
The price for Bitcoin has reached above the major 70,000.00 mark, as the ongoing buying frenzy continues.
This week, the United States House of Representatives is voting on legislation that is set to either ban TikTok or force ByteDance to divest from the app.
Bloomberg has reported that Chinese firms SMIC and Huawei have used United States technology to make their advanced chips. The required machinery had been provided by two US firms prior to the implementation of the legal export ban of such tech.
The tech company Broadcom has revealed that it expects to earn $10 billion from AI chips in 2024. However, the company's stock declined, as the markets expected even larger revenue forecasts.
Yonhap news have reported that South Korean regulators have been considering sanctioning Meta for failing to protects users of the firm's online marketplaces.
Data for January has revealed that Japanese household spending has experienced the biggest decline since February 2021.
Despite ongoing price cuts by domestic and foreign electric vehicle producers, recent China Passenger Car Association data has shown that the growth of electric vehicle sales has slowed down at the start of 2024, compared to 2023.
The job social media firm LinkedIn has revealed that it has gained a revenue of $1.7 from its premium subscribers during 2023.
As global demand for Chinese goods has increased, the Chinese exports have increased more than expected during the period of January and February.
Due to a new 1.2% tax on streaming companies in France, Spotify has increased prices in the country. The government officially intended to use the tax to help music creators. However, the consumer is set to pay for the subsidy not the streaming firm.
Novo Nordisk has announced that its new experimental weight loss drug has shown to be more effective than expected. The news caused a 10.00% surge of the company's stock price.
The US Bureau of Labor Statistics has just published the monthly US employment data sets. Data reveals a mixed month, as the statistics have shown good and bad aspects in the US labour market.
As the US monetary policy makers have made comments that rate cuts are unlikely, the price for crude oil has declined. Oil prices react to lower and higher rates, as lower rates mean more economic activity that always causes demand for oil.
The Governor of the Federal Reserve Michelle Bowman has stated this week that the US economy is not yet ready for rate cuts and the Fed would hike rates, if would be needed.
The weight loss drug maker Novo Nordisk has passed Tesla in market capitalization and become the 12th most valuable company in the world. The event has taken place due to a surge of Novo and a decline of Tesla.
The European central bank has announced that it has made good progress in battling inflation, as Euro Zone inflation has reached down to 2.6% in January and is expected to be at 2.4% in February.
Due to weakening electric vehicle demand, Morgan Stanley has announced a price target cut for the stock of Tesla. The news caused an extension of the ongoing share price decline.
The Abu Dhabi Etihad Airways have reported profits in 2022 and 2023. Moreover, the company's CEO has announced that the company could do an initial public offering by improving its governance and transparency of the balance sheet.
The financial markets have been observed to be preparing for a return of Donald Trump to the US Presidency. Namely, investors have adjusted to Trump's planned policies that affect the Chinese market, defence stocks and emerging market currencies.