News

Tue, 15 Feb 2022 13:18:32 GMT

Restaurant Brands beat earnings expectations

On Tuesday, the owner of Burger King and Tim Hortons Restaurant Brands revealed that due to online sales the company had beat its quarterly earnings estimates.

Tue, 15 Feb 2022 13:09:59 GMT

Markets jump due to Russian announcement

On Tuesday, the Russian government announced that it had ordered a part of its military to leave border regions near Ukraine and return to their bases. The global markets reacted with an increase of risk on sentiment, as stocks and cryptocurrencies surged. Meanwhile, the Japanese yen, gold and oil prices declined.

Tue, 15 Feb 2022 12:30:07 GMT

Johnson & Johnson deals with court claims

This week, Johnson & Johnson revealed that it would use a subsidiary that would claim bankruptcy to avoid nearly 40,000 claims that the company's products cause cancer.

Tue, 15 Feb 2022 08:30:07 GMT

Toshiba sets break-up voting date

This week, Toshiba announced that it had called a general meeting of stock holders on March 24. Shareholders are bound to vote on the sale of the company's device business.

Tue, 15 Feb 2022 06:30:08 GMT

Lockheed scraps acquisition

Lockheed Martin announced on Monday that the company would cancel its $4.4 billion acquisition of Aerojet due to regulatory issues.

Mon, 14 Feb 2022 14:30:06 GMT

Ford exports to India

Ford Motor Company revealed last week that the company intends to export electric vehicles to India.

Mon, 14 Feb 2022 13:55:26 GMT

Airbus reveals optimism

On Monday, Airbus revealed that it expects good sales of the company's A350 freight airplane despite competition from Boeing.

Mon, 14 Feb 2022 12:30:06 GMT

Mercedes-Benz expects ease of supply chains

On Friday, the Chief Financial Officer of Mercedes-Benz Harald Wilhelm revealed that the company expects an easing in raw material prices and semiconductor supply in the second half of 2022.

Mon, 14 Feb 2022 10:30:05 GMT

Biden comments on inflation

The US President Joe Biden recently commented that the ongoing consumer inflation surge has been stretching the budgets of average Americans.

Mon, 14 Feb 2022 08:30:10 GMT

Uber misses earnings

Last week, Uber released that the company has made an annual operating profit of $5 billion, which was below the analyst estimate of $5.7 billion.

Mon, 14 Feb 2022 06:30:08 GMT

Linde expects double digit growth

Industrial gas giant Linde has revealed that the company expects 10%-13% increase in its earnings in 2022.

Fri, 11 Feb 2022 14:30:06 GMT

EU executives cut growth forecast

This week, the European Commission revealed that it is cutting its EU GDP growth forecast and increases expected inflation view.

Fri, 11 Feb 2022 12:30:06 GMT

Tesla recalls vehicles

On Thursday, Tesla announced another recall of vehicles, as nearly 579,000 vehicles are reportedly having issues with pedestrian warning risk sounds.

Fri, 11 Feb 2022 10:30:06 GMT

Coca Cola beats forecasts

The Coca Cola Company announced this week higher than forecast earnings, as higher prices for soft drinks boosted the company's profits.

Fri, 11 Feb 2022 08:30:08 GMT

California sues Tesla

This week, the government of California sued Tesla over allegation that the company had been racially discriminating.

Fri, 11 Feb 2022 06:30:07 GMT

US CPI hits record high

Data published on Thursday revealed that US Consumer prices had experienced largest annual increase in a period of 40 years.

Thu, 10 Feb 2022 14:30:06 GMT

Maersk warns about freight costs

This week, Maersk announced that freight rates are expected to remain high due to large shipping volumes and tied up capacity outside of ports.

Thu, 10 Feb 2022 13:37:46 GMT

US releases inflation data

US month-on-month inflation was revealed to be higher than forecast, as the CPI came in at 0.6% instead of 0.4% The value of the US Dollar immediately surged, as the higher than expected inflation strengthened the case of the US Federal Reserve for monetary tightening. 

Thu, 10 Feb 2022 12:30:06 GMT

Equinor raises dividend

Equinor revealed this week that the Norwegian energy company would pay out $10 billion in dividends, as the company reported record quarterly profits.

Thu, 10 Feb 2022 10:30:06 GMT

Bunge profits jump by 17.10%

Farm commodity trader Bunge announced this week that the company had experienced a 17.10% rise in profits. The news sent the company's stock price surging.

Thu, 10 Feb 2022 08:30:07 GMT

Honda increases forecast

On Wednesday, Honda announced that the company would increase its full year forecast by 21.00%. The company's stock price started a surge, as the news were announced.

Thu, 10 Feb 2022 06:30:08 GMT

ABN Amro shares drop

This week, the stock price of ABN Amro declined, as the company announced share buybacks and higher than forecast profits. The markets took in the news negatively.

Wed, 09 Feb 2022 14:30:21 GMT

US business sentiment reaches low level

The National Federation of Independent Business revealed this week that small business confidence reached a 11-month low level in January.

Wed, 09 Feb 2022 12:30:07 GMT

EU supports chip industry

This week, the European Commission issued new rules, which would allow the EU members to provide funding to new chip factories. In total, 15 billion EUR could be provided to the industry by 2030.

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