The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%. The event caused a surge of US stock indices and the US Dollar. The USD surged due to the data indicating that
The European Central Bank has just published its Main Refinancing Rate. As expected, the ECB has kept the interest rate at 4.50%.
The US electric vehicle maker Tesla has missed its quarterly earnings forecasts by 2.80% and total revenue is below expectations by 1.84%. The stock price of the company was set to start Thursday's trading near the $190.00 mark, compared to fluctuating near $215.00 during the previous week.
The Bank of Japan has announced that it still wants inflation near 2.00%, despite not changing its policy to beat down on price increases.
Despite beating fourth quarter earnings expectations, Ericsson has announced that the company expects a decline of performance in 2024.
The top cryptocurrency has experienced a decline, as expectations of major demand from new ETFs have disappointed. Most recently, the price had fluctuated below the 40,000.00 mark.
The stock price of Zee has dropped 30% due to the failure of closing a deal with Sony.
The French drugmaker Sanofi has announced that it would acquire a US project named INBRX-101 for a total of $2.2 billion.
The Tencent owned game developer Riot Games is set to fire 11% of its workforce.
German train drivers are set to stage a six day strike due to Deutsche Bahn denying the workers union latest wage increase demands.
The Chinese stock markets have experienced a major decline that has been attributed to derivatives trading. Meanwhile, Bloomberg reports that the government intends to implement a $278 billion rescue plan.
Chief Executive Officer of Citigroup Jane Fraser has addressed the bank's managing directors revealing that more leadership positions would be eliminated. Managers in risk, markets and investment banking have been fired.
The US retail sale chain has announced that it would raise store manager annual salaries and bonuses. The move would take average hourly wage above $18.00.
The United Kingdom monthly retail sales data has revealed a slump of 3.2% between December and November. The new data indicates that the British economy might be in a recession.
The German company BOSCH is set to fire 1,200 employees in the software developments division. The layoffs are set to occur by the end of 2026.
Tata Steels is set to close two furnaces in the UK and fire up to 2,800 employees in Port Talbot. The company intends to get rid of its loss-making facilities.
The US department store operator Macy's has announced that it would fire 2,350 employees and close five stores. Layoffs are set to affect up to 3.5 % of the total workforce.
The Indian airline Akasa Air has revealed to the world that it is confident about a new order of 150 Boeing 737 Max airplanes, despite the recent cabin panel incident.
Honda Motor Corporation has announced that it would concentrate on selling light trucks and hybrid vehicles in the United States, during 2024.
The health insurance company Humana has revealed that it expects demand for healthcare services to impact its costs throughout 2024. The news caused a 14% drop of the company's stock price.
United States banking sector profits have experienced a decline due to higher deposit and one-time charge costs. In general, the banks have had to give more to attract capital, as interest rates have been increased over 2023.
Reuters has reported that the social media firm Reddit intends to have an initial public offering of its shares. The company has been considering a stock listing for three years.
Reuters has reported that the newly launched Bitcoin Exchange Traded Funds have attracted investment that almost amounts to $2.0 billion.
The United States Federal Aviation Administration has announced that it had finished the initial inspection of a group of 40 Boeing 737 MAX 9 airplanes.