News

Thu, 28 Jul 2022 10:30:09 GMT

T-Mobile avoids inflation

The quarterly results of T-Mobile have revealed that the company had succeeded in its strategy at lowering subscription fees and increasing subscriber count.

Thu, 28 Jul 2022 08:30:07 GMT

Tata Motors comments on future

The parent company of Tata Motors, JLR, announced this week that it expects sales to increase, as the chip shortage eases.

Thu, 28 Jul 2022 06:30:06 GMT

Kraft Heinz margins are squeezed

This week, Kraft Heinz revealed that the company's profit margins had been decreased by an ongoing surge in costs.

Wed, 27 Jul 2022 18:03:53 GMT

US Federal Reserve hikes interest rate

The US Federal Reserve has just hiked its Federal Funds Rate by 0.75%, which was expected by the markets. In addition, the Federal Open Market Committee has issued its monetary policy statement.

Wed, 27 Jul 2022 15:05:12 GMT

Semiconductor stocks jump due to subsidies

At the start of US trading, the stock prices for Intel, NVidia and AMD jumped. The move was caused by the US Senate advancing a $280 billion law that would subsidize the industry.

Wed, 27 Jul 2022 14:30:05 GMT

UPS beats earnings forecast

The United Parcel Service revealed on Tuesday that it had beaten its quarterly profit estimates, as higher paying customers offset a decline in e-commerce deliveries.

Wed, 27 Jul 2022 12:30:08 GMT

Climate risks threaten Euro Zone

The European Central Bank has published a study, which revealed that various climate risks might impact the Euro Zone's economy.

Wed, 27 Jul 2022 10:30:06 GMT

US LNG exports grow more than expected

Reuters revealed this week that US liquefied natural gas exports to the European Union have been growing at a faster pace than it had been promised by the US President Joe Biden.

Wed, 27 Jul 2022 08:30:11 GMT

Unilever increases sales expectations

This week, Unilever increased its sales guidance, as higher prices have been helping the company in beating previous forecasts.

Wed, 27 Jul 2022 06:30:08 GMT

UBS profits disappoint

The Swiss bank UBS has announced smaller than forecast quarterly profits, as revenues had declined by 14%.

Tue, 26 Jul 2022 14:30:06 GMT

Julius Baer profits decline

The Swiss private bank Julius Baer revealed on Monday that its stockholder profits decreased by 26% in the first half of 2022.

Tue, 26 Jul 2022 12:30:08 GMT

Kuehne Nagel increases earnings

This week, Kuehne Nahel announced that the company had increased its quarterly profits by 79% despite ongoing struggles with global supply chains.

Tue, 26 Jul 2022 10:30:05 GMT

Ryanair reveals a quarterly profit

On Monday, Ryanair revealed that the company had made a profit of 170 million Euros during the period from April up to June.

Tue, 26 Jul 2022 08:30:05 GMT

Philips posts major losses

Philips announced this week that the company had suffered larger than expected losses during the second quarter of 2022. The news caused a stock sell off.

Tue, 26 Jul 2022 06:30:06 GMT

BoJ reshuffles board

Reuters has revealed that a recent reshuffle of the board of the Bank of Japan had brought in more hawkish members.

Mon, 25 Jul 2022 14:30:08 GMT

Schindler cuts 2022 forecast

Schindler has announced that the company would reduce its 2022 earnings forecasts due to a slowdown in China.

Mon, 25 Jul 2022 12:30:07 GMT

Target pressures suppliers

Reuters has reported that due to building up stockpiles Target has been pressuring vendors to take up a portion of transportation costs.

Mon, 25 Jul 2022 10:30:07 GMT

Germany bails out Uniper

On Friday, the German government bailed out Uniper with a total of 15 billion Euro by providing guarantees and equity.

Mon, 25 Jul 2022 08:30:06 GMT

Honda cuts output

Honda has announced that the company would decrease its Japanese plant output by 30%, as it lacks supplies.

Mon, 25 Jul 2022 06:30:06 GMT

Telecom Italia assets plummet

Moody's has decreased its credit rating for Telecom Italia, which has caused a sell off of the company's shares and bonds.

Fri, 22 Jul 2022 14:30:29 GMT

Freeport McMoran reveals lower profits

The US mining company has announced that it had made less than estimated quarterly profits, as metal's prices had decreased during the April-June period.

Fri, 22 Jul 2022 13:46:54 GMT

Snapchat stock plummets 35%

At the start of Friday's trading, the stock price for Snapchat plummeted by more than 35.00%, as the company published its abysmal earnings. The company's earnings disappointed by 26.74%, compared to the already expected loss of -0.21 per share.

Fri, 22 Jul 2022 12:30:06 GMT

American Airlines profits

This week, American Airlines announced that the company had returned to making profits despite an ongoing increase in costs.

Fri, 22 Jul 2022 10:30:05 GMT

China fines Didi Global

On Thursday, it was revealed that Chinese cybersecurity regulators had fined Didi Global for a total of $1.2 billion for its rushed US stock listing.

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