NVidia has announced that the new China-focused AI chip is set to compete in pricing with a similar product from Huawei.
The Chief Executive Officer of Tesla Elon Musk has revealed plans to hold a stockholder vote that would result in the company's incorporation in Texas. This move comes after a Delaware judged ruled that Musk's remuneration package had been unfathomable.
The United States Bureau of Labor Statistics has just published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute.
After the market closure on Thursday, three major companies announced their quarterly results. The announcements done by Meta, Amazon and Apple are causing major volatility in the pre-market trading.
Regional United States bank stocks have declined this week due to a 38% drop of the New York Community Bancorp shares. The bank has cuts its dividend in the aftermath of surprise losses.
After profiting $28 billion in 2023, the energy company shell has announced that it would increase its quarterly dividend by 4.00%. However, the company's earnings have been lower, compared to 2022.
The Wall Street Journal has reported that Ancora Holdings has led an investor group that has acquire a $1 billion stake in Norfolk Southern in an effort to gain control of the board of directors and oust the CEO Alan Shaw.
The US Defense Department has highlighted a dozen of Chinese firms that have been working with the People's Liberation Army. The Chinese government has responded by calling the announcement an abuse of state power.
The Chief Executive Officer of Meta Mark Zuckerberg has apologized to US families for how social media has impacted children. The CEO had done so at a US Senate hearing after being prodded by a Republican Senator.
The French bank BNP Paribas has reported a decline in quarterly income and moved its targets further down into the future. The news caused a 8.86% drop of the bank's share price.
The Canadian government is expecting a wave of small business bankruptcies, as 20% of businesses have not paid back their Covid pandemic government support loans. A forced repayment of the loans is set to cause insolvencies.
Due to weak demand in the local economy, Chinese factory activity had continued to decline in January for a fourth month in a row.
The Bank of England has kept its Official Bank Rate unchanged at 5.25%. The no change was expected. The market reacted to the news with a slight strengthening of the Pound against other currencies. GBP/USD currency pair surged 55 points or 0.44%.
The Executive Vice President of Finance of Delta Airlines Gerry Laderman has stated at a conference that the issues at Boeing could be caused by a loss of experience that had been created by the Covid epidemic.
The major US company Apple has revealed that iPhone sales have increased by 3% during the holiday period. However, future growth is set to be impacted by a decline in China.
The media entrepreneur Byron Allen has offered $30 billion for the company Paramount Global. The deal would result in the Allen media Group acquiring the company with all its equity and debt.
The miracle weight –loss drug Wegovy producer Novo Nordisk has revealed that it expects another year of double digit sales growth, as the company enters new markets and increases production in the US.
The Chinese government has announced that it would use new support measures to help the real estate sector in the aftermath of the liquidation of Evergrande.
The International Monetary Fund has revealed that it forecasts the global economy to recover and experience a soft landing instead of a recession due to an ongoing decline in inflation.
The Carnival Cruise Lines have announced that the company expects its annual earnings to decline due to rerouting of ships from the Red Sea passage.
The United States Federal Housing Finance Agency has revealed that in November house prices increased at the fastest rate in 11 months. Home prices have increased by 6.6% on an annual basis.
Recent European economic data has revealed that due to a slowdown in the German economy the whole euro zone has stagnated during 2023.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.