Bloomberg News has reported that Goodyear is set to name Mark Stewart from Stellantis as the company's new Chief Executive Officer.
The European Union's European Commission has sent information requests to 17 largest global tech companies. The authorities are requesting information under the EU Digital Services Act.
The retail store chain Birkenstock has revealed that annual earnings would be lower than expected due to global expansion costs. The stock price dropped 12.00% on the announcement.
In accordance with a report by The Verge, the Chief Executive Officer of Google Sundar Pichai has warned the company's employees that more layoffs would occur throughout 2024.
The United States chipmaker Intel has experienced luck in its $1.2 billion case against EU regulators, as an advisor of the court has ruled that the government officials had made mistake sin their economic analysis.
The stock price of Spirit Airlines extended losses into Thursday. The company has lost more than 70% of its value since a US judge blocked its acquisition by JetBlue Airways.
Taiwan Semiconductor Manufacturing Company has revealed that it expects strong global demand for AI to cause a 20% increase of the company's revenue throughout 2024.
Crude oil prices have continued to surge as the IEA and OPEC have increased their forecasts for global demand of oil in 2024 and 2025.
The surge of the United States stock indices has continued, as the QQQ has reached a new all-time high and other indices were approaching their 2021 high levels.
The oil production cartel OPEC+ has revealed that it expects demand to continue to grow throughout 2024 and 2025.
Apple has managed to overtake Samsung Electronics as the top seller of smartphones. Apple has taken 20.00% of market share in 2023. Samsung has remained with a share of 19.4%.
A United States federal judge has ruled that JetBlue Airways cannot acquire Spirit Airlines, as the deal would harm to consumers.
The Chief Executive Officer of Saudi Aramco Amin Nasser revealed to Reuters that he expects the market to be impacted by tanker shortage and increasing demand.
In the aftermath of a price cut in China, Tesla has announced price reductions for its vehicles in Germany. The company recently lost its top electric vehicle sales spot to Volkswagen.
In an interview to Bloomberg the President of the European Central Bank Christine Lagarde has stated that the ECB would get inflation back to 2%.
In 2023, Renault sales have managed to return to growth. The company has ended the year with a 9% gain in global sales.
It has been revealed that Google would fire hundreds of advertising sales team employees, as job cuts in the company continue into 2024.
Despite government stimulus, the Chinese real estate market has ended the year with a decline, as property investment has dropped by 9.6% during 2023.
The two major shipping companies Hapag-Lloyd and Maersk have signed a long term-collaboration agreement that would result in 90% schedule reliability of their combined shipping network.
Asian stock indices have experienced a decline due to lower than expected Chinese GDP release.
The monthly US Retail Sales data has been published. Markets expected Retail Sales to have increased by 0.4%. The actual released number revealed an increase of 0.6%.
The Chinese economy has been announced to have grown 5.2% in the last quarter of 2023, compared to Q4 of 2022. Despite the high number, the GDP has increased less than expected by analysts.
Recent renewal of AI optimism has boosted stock prices of AMD and NVidia, as analysts have increased price targets.
The United Kingdom inflation has been revealed to be at 4.0%. Market consensus forecast was 3.8%.