News

Thu, 02 Jul 2020 12:42:54 GMT

Tesla beats estimates

On Thursday, Tesla announced that the company has beat Wall Street's estimates of the company's quarterly vehicle delivery.

Thu, 02 Jul 2020 11:57:15 GMT

Coty appoints ex-L'Oréal exec as new CEO

On Thursday, Coty Inc has appointed the former L'Oreal top executive Sue Nabi as the company's new chief executive officer, the third one in 2020, sending its shares up nearly 4%.

Thu, 02 Jul 2020 10:52:53 GMT

Tesla builds RNA microfactories

Tesla's CEO Elon Musk announced on Wednesday that the electric carmaker was constructing "RNA microfactories" for CureVac, the coronavirus vaccine developer, in Germany.

Thu, 02 Jul 2020 09:47:27 GMT

Crude oil gains value

During Thursday's European trading hours, crude oil price benchmarks surged, as a drop in US stockpiles was recently revealed.

Thu, 02 Jul 2020 09:39:33 GMT

Global food price index surges in June

World food prices soared in June, marking their first rise of 2020 and a minor rebound after the plunge caused by the coronavirus outbreak, the UN food agency reported on Thursday.

Thu, 02 Jul 2020 07:56:11 GMT

Fed's Bullard sees financial crisis risks

James Bullard, the President of Federal Reserve Bank in St. Louis, warned that a surging number of bankruptcies caused by the coronavirus pandemic could trigger a financial crisis.

Thu, 02 Jul 2020 06:44:20 GMT

McDonald's to delay US dine-in service reopening

McDonald's is planning to pause its dine-in service reopening in the US by 21 days due to an increase in the number of COVID-19 cases, despite being hurt by the restaurant shutdowns, with its global sales plunging as much as 30% in the first two months of Q2.

Thu, 02 Jul 2020 06:37:04 GMT

PG&E exits Chapter 11 bankruptcy

The utility PG&E Corp has emerged from the Chapter 11 bankruptcy, ending drawn-out restructuring process triggered after the company's equipment sparked California's deadliest wildfires.

Thu, 02 Jul 2020 04:40:53 GMT

Fed comments on policy

On Wednesday, the US Federal Reserve Policymakers revealed that they would most likely stick to keeping inflation near the two percent level.

Thu, 02 Jul 2020 04:31:14 GMT

US Dollar declines

During late Wednesday's trading hours, the US Dollar declined in value against peer currencies, as good European data attracted assets to the Euro.

Thu, 02 Jul 2020 03:31:12 GMT

US stocks surge on Wednesday

During Wednesday's US trading hours, US stocks closed higher, as there were hopes in the news feeds of a coronavirus vaccine.

Wed, 01 Jul 2020 20:41:25 GMT

Apple closes down stores

Apple Incorporate announced on Wednesday that it would re-close seven stores in the US, which brings the total number of closed stores to 77.

Wed, 01 Jul 2020 19:42:40 GMT

Fed's Daly views five-year recovery

On Wednesday, Mary Daly, Federal Reserve Bank's President in San Francisco, stated that she was expecting up to five years of the US economic recovery in the best-case scenario, anticipating that unemployment would still top 10% in the 2020-end.

Wed, 01 Jul 2020 18:42:41 GMT

Zoom adds over 100 new tools

Zoom Video Communications has added more than 100 new features to the video conferencing platform on the back of the 90-day plan aimed at addressing privacy and security concerns.

Wed, 01 Jul 2020 17:42:57 GMT

VW, Continental searched amid diesel probe

German prosecutors searched offices of Volkswagen and car supplier Continental as part of the extended diesel emissions probe, both companies announced on Wednesday.

Wed, 01 Jul 2020 16:49:56 GMT

Macy's posts almost $4B in losses

On Wednesday, Macy's Inc recorded a $3.58B loss in its Q1, hit by the coronavirus outbreak that forced the department store chain to shut down its stores for a couple of months.

Wed, 01 Jul 2020 16:35:58 GMT

Tesla outstrips Toyota by market cap

The US electric vehicle producer Tesla has surpassed the market capitalization of Toyota by $5B on Wednesday, becoming the most valued car producer in the world.

Wed, 01 Jul 2020 15:26:05 GMT

Satabank's license taken away

On Wednesday, the banking license of the Malta-based Satabank has been withdrawn by the request of the Europen Central Bank on money-laundering suspicions.

Wed, 01 Jul 2020 13:48:44 GMT

Wirecard HQ searched by prosecutors

On Wednesday, Munich police and prosecutors searched the Wirecard headquarters as part of the fraud probe after Markus Braun, the payments company's ex-CEO, had been arrested the previous day.

Wed, 01 Jul 2020 12:43:58 GMT

Central Europe's manufacturing slide eases

The Central European manufacturing decline weakened markedly in June after economies reopened following the COVID-19 lockdown, while the sector still needs a while to return to growth.

Wed, 01 Jul 2020 12:08:35 GMT

Renault expects recovery in French auto sales

Renault is expecting a recovery in the French auto sales in June, after lifting the coronavirus lockdown, hoping it would carry on into the Q3, Ivan Segal, the brand's sales head for France reported on Wednesday.

Wed, 01 Jul 2020 10:24:23 GMT

Bank of England reviews climate impact

On Wednesday, the Governor of the Bank of England Andrew Bailey stated that the bank would consider climate change impact in their corporate bond buying program.

Wed, 01 Jul 2020 09:43:40 GMT

Geely's Volvo recalls about 2.2M cars

On Wednesday, Volvo Cars announced it was recalling about 2.2M cars made in the period of 2006 and 2019 due to a potential issue related to cables attached to vehicles' front seat belts.

Wed, 01 Jul 2020 09:31:30 GMT

Google raises YouTube TV price

On Tuesday, Alphabet's Google stated it had increased the YouTube TV online service price by 30% to $64.99 for a month, citing the surging cost of content.

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