News

Wed, 05 May 2021 09:00:08 GMT

T-Mobile lifts 2021 forecast

T-Mobile US has lifted its full-year outlook for postpaid subscriber net adds after topping analysts' Q1 expectations on Tuesday, driven by strong demand for the company's 5G services.

Wed, 05 May 2021 08:14:48 GMT

Lyft eyes sustained profit from Q3

Lyft topped wall Street's expectations by reporting significantly lower losses, adding it would deliver sustained profit starting from the Q3 on cost cuts, which let the firm earn more for a ride.

Wed, 05 May 2021 06:52:27 GMT

Deutsche Post lifts forecast

On Wednesday, Deutsche Post has raised its financial forecasts again after the German logistics company more than tripled its Q1 operating earnings, anticipating the rebound in global trade and e-commerce.

Wed, 05 May 2021 06:37:48 GMT

Hugo Boss sees Q2 sales to double

Hugo Boss is expecting its Q2 sales to double in China, with its casualwear business returning to growth, seeing a rebound in the German fashion house's business in the current year.

Wed, 05 May 2021 05:00:09 GMT

US trade deficit jumps to record high

As reported by the US Commerce Department on Tuesday, the US trade deficit rose by 5.6% to an all-time high of $74.4 billion in March.

Wed, 05 May 2021 04:00:07 GMT

US manufactory orders rebound in March

As reported by the US Commerce Department on Tuesday, US factory orders rose by 1.10% in March after declining by 0.50% in the previous month.

Wed, 05 May 2021 03:00:06 GMT

KKR's Q1 earnings surge by 63%

On Tuesday, KKR & Co announced that its Q1 after-tax distributable earnings (DE) rose to $660.2 million or $0.75 per share, up 63% from the previous year.

Wed, 05 May 2021 02:00:07 GMT

Nasdaq edges lower

On Tuesday, Nasdaq Composite Index edged lower by 2%, as investors and traders digested a fresh batch of corporate earnings reports.

Tue, 04 May 2021 20:05:06 GMT

Sotheby's to accept ETH, BTC for auction

Sotheby's announced that it would accept ETH and BTC as payment at Banksy's auction for his artwork "Love is in the Air", cooperating with cryptocurrency exchange Coinbase Global for the sale.

Tue, 04 May 2021 20:00:06 GMT

Lufthansa wins approval for capital increase

Deutsche Lufthansa AG shareholders approved a potential €2.2B capital raise through the new share issuance, which would repair the carrier's balance sheet

Tue, 04 May 2021 19:00:08 GMT

Pfizer expects $26B from vaccines

Pfizer drew up a plan to turn the vaccine into a long-term business through making supply agreements, which will yield $26B in sales in 2021.

Tue, 04 May 2021 18:22:57 GMT

Credit Suisse chairman buys $1.2M shares

New Chairman of Credit Suisse Antonio Horta-Osorio bought $1.2M worth of stock in the group, aiming to restore order to Switzerland's second-largest bank.

Tue, 04 May 2021 17:02:31 GMT

Twitter Inc. buys Scroll

Twitter Inc. announced that acquired Scroll, the ad-free news reader, and said it is set to pull the service into the new subscription offering.

Tue, 04 May 2021 16:30:01 GMT

Nissan to sell 16.4M shares of Daimler

Nissan Motor was selling 16.4M shares in Germany's carmaker Daimler via an accelerated bookbuild, the company stated on Tuesday.

Tue, 04 May 2021 15:00:10 GMT

Ericsson to unveils subscription service

Ericsson launched a subscription service aimed at people working remotely in North America, allowing employees of small firms to start their work in minutes, gaining the access to cloud storage, security tools and other licensed apps.

Tue, 04 May 2021 14:00:07 GMT

Chipmaker TSMC sees plant expansion

TSMC has plans for building several more chipmaking plants in Arizona, turning the US state into the semiconductor manufacturing hotspot.

Tue, 04 May 2021 13:00:07 GMT

Saudi Aramco tops Q1 profit estimates

Saudi Aramco has topped analysts' expectations on Tuesday, reporting a 30% surge in its Q1 net profit, maintaining its dividend payout, driven by higher oil prices.

Tue, 04 May 2021 12:00:08 GMT

Hyundai to launch Genesis in EU

On Tuesday, Hyundai Motor announced it would debut its luxury Genesis brand in Europe, introducing its flagship SUV and sedan to one of the rapidly growing EV markets in the world this summer.

Tue, 04 May 2021 10:49:15 GMT

DuPont lifts 2021 outlook

Dupont, the industrial material maker, raised its 2021 revenue and profit forecasts on Tuesday, topping its Q1 expectations, driven by robust demand from chip firms and automobile markets' recovery.

Tue, 04 May 2021 09:41:02 GMT

Stocks trade near high levels

During Tuesday's European trading hours, stock indices remained near all-time high levels.

Tue, 04 May 2021 09:38:02 GMT

Israeli deadline expires

On Tuesday, the deadline to form a new Israeli government was set to expire

Tue, 04 May 2021 08:28:05 GMT

Ford and BMW invest in EV

It was revealed by Reuters on Monday that BMW and Ford had invested $130 million in the development of solid-state batteries.

Tue, 04 May 2021 07:29:00 GMT

Robinhood replies to Buffet

On Monday, Robinhood issued a statement in reply to Warren Buffett's comments on inexperienced trader gambling.

Tue, 04 May 2021 06:00:09 GMT

Verizon gets rid of media

On Monday, Verizon announced that it would sell off its media branch for $5B. The deal includes a sale of AOL and Yahoo.

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