News

Sat, 26 Jun 2021 17:00:07 GMT

VW ends combustion engines

On Saturday, Volkswagen announced that it would end the sales of combustion engine cars in Europe by 2035.

Sat, 26 Jun 2021 16:00:08 GMT

FDA warns about vaccines

The US Federal Drug Administration issued a warning on Friday that Pfizer and Moderna Covid shots have a rare risk of causing heart inflammation.

Sat, 26 Jun 2021 15:00:08 GMT

Tesla recalls vehicles

On Saturday, Chinese regulators revealed that Tesla would recall 300,000 cars for an online software update.

Sat, 26 Jun 2021 14:00:07 GMT

Rosengren comments on rate hike

The President of the Boston Federal Reserve Eric Rosengren stated on Friday that the US could hike interest rates in the case of maximum employment.

Sat, 26 Jun 2021 13:00:06 GMT

Traders decrease short USD bets

On Saturday, CFTC revealed that speculators across the globe had decreased short US Dollar bets.

Sat, 26 Jun 2021 12:00:06 GMT

Oil extends surge

On Friday, as the US trading hours ended, crude oil price benchmarks booked a fifth week of gains.

Sat, 26 Jun 2021 11:00:09 GMT

VW wins case against bondholders

A US appeals court revealed on Friday that Volkswagen had won a court case against bondholders, who claimed that the company had defrauded them.

Sat, 26 Jun 2021 10:00:07 GMT

Microsoft reveals data breach

On Saturday, Microsoft revealed that, as the company investigated the SolarWinds hack, a new data breach was discovered.

Sat, 26 Jun 2021 09:00:09 GMT

Nike lifts stock index

On Friday, the surge of the Nike stock price to a record high was credited with the new all-time high in the S&P 500 index.

Sat, 26 Jun 2021 08:00:06 GMT

Bitcoin declines by 8.51%

On Friday, Bitcoin, the world's biggest cryptocurrency, declined by 8.51% to $31,700 at 22:04 GMT.

Sat, 26 Jun 2021 07:00:07 GMT

S&P 500 closes at record high

On Friday, the S&P 500 Financials Sector Index surged by 1.3% and closed the week at a record high.

Sat, 26 Jun 2021 06:00:07 GMT

China investment in France to create 1K jobs

An EV battery plant planned by China's Envision AESC in France is expected to create more than new 1K positions, a local politician stated.

Sat, 26 Jun 2021 05:00:07 GMT

EssilorLuxottica to sue GrandVision

EssilorLuxottica, the Ray-Ban maker, considered suing the takeover target GrandVision after the court ruled that it violated the terms of €7.2B proposed purchase agreement.

Sat, 26 Jun 2021 04:00:08 GMT

Panasonic gets cash via selling Tesla stake

Panasonic sold a stake in Tesla for about $3.61B in the year ended March, saying that it wanted to reduce reliance on Tesla and get cash for investments in growth.

Sat, 26 Jun 2021 03:00:07 GMT

Amazon.com's AWS buys Wickr

Amazon.com's cloud computing division bought Wickr, the encrypted platform, to enable secure messaging, as employees mostly work remotely, the company stated.

Fri, 25 Jun 2021 22:07:31 GMT

Nike shares at record high on sales boost

Shares of Nike jumped more than 15% to a record high on Friday, as it expected full-year sales of above $50B, adding that the Q4 revenue almost doubled, topping $12B for the first time.

Fri, 25 Jun 2021 20:00:07 GMT

Toshiba names new Chairman

Toshiba announced on Friday that it would name the company's CEO Satoshi Tsukanawa as Interim Chairman.

Fri, 25 Jun 2021 19:00:08 GMT

Bank of America settles charges over trusts

On Friday, the Bank of America was revealed to settle charges over a unit investment trust by paying out $11.7 million.

Fri, 25 Jun 2021 18:00:07 GMT

US auto sales slow down

J.D. Power and LMC Automotive announced on Friday that the US auto industry should expect a sales decline in June.

Fri, 25 Jun 2021 16:00:07 GMT

US stocks hit new peaks

At the start of Friday's US trading hours, US stock indices reached new record high levels.

Fri, 25 Jun 2021 15:00:09 GMT

Inflation data misses estimates

On Friday, a surge in US stock indices was attributed to a difference in actual US inflation data from the market forecast.

Fri, 25 Jun 2021 14:14:01 GMT

Consumer spending remains stable

Data released on Friday revealed that US consumer spending had remained unchanged throughout May.

Fri, 25 Jun 2021 14:06:02 GMT

ECB comments on recovery

On Friday, the European Central bank revealed that the Euro Zone's economy would recover at a faster pace than previously thought.

Fri, 25 Jun 2021 13:04:24 GMT

BlackBerry Q1 revenue tops estimates

Blackberry, Canada's security software supplier, topped Wall Street forecasts for its Q1 revenue, boosted by demand's rebound for the company's QNX operating software as well as cybersecurity products.

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