The US tech giant Apple has revealed that the company expects another decline in its revenue, despite solving iPhone production problems.
Recent quarterly results published by Meta and Alphabet have revealed that the global digital advertisement market has continued to decline.
Two ECB policymakers Slovakia's Peter Kazimir and Lithuania's Gediminas Simkus have revealed that the ECB would hike interest rates not only in March, but also in May.
The Swiss federal prosecutors have initiated a criminal proceeding aimed at the 2022 information leak of Credit Suisse 18,000 accounts.
Apple, Alphabet and Amazon have published their quarterly earnings results. In general, all companies have missed earnings and revenue estimates, which were already reduced due ongoing decline of consumer demand. As a result, the company stocks started the days trading with gaps down from 2.00% up to 7.00%.
Warren Buffet's Berkshire Hathaway has sold $44.9 million of shares of the Chinese electric vehicle producer BYD.
The US Bureau of Labor Statistics has just published the US monthly employment data. The data sets have revealed. Major increases in employment numbers, but no changes in salaries.
Market losses of Adani Group have reached above $100 billion, as the group's top company abandoned the idea of a $2.5 billion stock offering. The major Indian group has been plummeting since the short-seller Hindenburg published a report on Adani's finances.
The oil company Shell has reported that in 2022 it has doubled its profits by earning $40 billion.
The US real estate trust has announced another $69 billion withdrawal block, as the company does not allow its clients to cash out of their investments.
The FedEx Corporation has announced that it would fire more than 10.00% of its officer and director ranking employees. The new cuts are part of a giant 12,000 worker lay off.
The stock price of the Facebook owner Meta soared at the start of the day's trading, the surge was attributed to the company announcing a $40 billion stock buyback and the CEO of the company announcing a "Year of Efficiency".
In the aftermath of abysmal quarterly results, Intel Corporation has announced that it would cut salaries from 5.00% up to 25.00%. In addition, the company is set to reduce its matching of pension fund programs.
The European Central Bank has just increased its Main Refinancing Rate from 2.50% up to 3.00%. In addition, the central bank has published its Monetary Policy Statement.
The financial payments company PayPal has revealed that it would lay off nearly 2,000 employees. The company is one of the many among the recent string of layoffs. Recently, the stock markets for an unknown reason have reacted positively to any major firing.
The Bank of England has increased its Official Bank Rate from 3.50% up to 4.00%. The members of the Monetary Policy Committee voted as follows. Seven cast votes for a rate hike and two voted for keeping rates unchanged.
Despite the Chinese government lifting Covid restrictions, data reveals that the supposed Asian economic reopening has been lagging, as the Caixin PMI, Japanese and South Korean manufacturing activity indices have declined.
The White House has expressed its dissatisfaction with the ExxonMobil record $56 billion annual profits, as the US government has blamed the companies in price gouging.
Recent South Korean -16.6% annual decline of January exports together with the -0.4% decline of last quarters GDP indicates that the country is set to enter a recession.
The Chairman of the US Federal Reserve has revealed in the post-rate-hike press conference that the US Federal Reserve would continue to hike interest rates throughout 2023 and no rate cuts are foreseeable during the year.
The United States Federal Reserve Federal Open Market Committee has hiked the US Federal Funds Rate from 4.50% up to 4.75%. The market consensus was that the US Fed would hike the base interest rate by 0.25%.
Reuters has reported that German firms have been hiring up employees, which have been fired by Silicon Valley firms.
Despite chip profits reaching the lowest level since 2009, Samsung intends to continue to invest in the sector, despite the expectations of a continuous decline of demand.
In January, the Chinese economic activity has reportedly returned to growth, as It has been indicated by the official purchasing managers index.