The banking group UBS has reported that in the third quarter of 2024 it has almost doubled the market consensus net profit forecast. UBS has made $1.4 billion instead of $740 million.
At 12:00 GMT, Bank of England has decided to cut interest rates. New official Bank rate of GBP has been reduced by 0.25%. New rate is at 4.75%.
Mondelez International has revealed that demand for candies and biscuits remains steady despite increased prices.
A recent report by Visa has revealed that consumer spending remains resilient, as clients continue to spend on travel and dining out.
Chipotle has reported that the recent price hikes have not resulted in higher revenues, which indicates that the firm can not continue to increase earnings without additional investment.
Due to additional revenue, the parent company of Snapchat has started a $500 million stock buyback program.
Reddit has revealed in its recent quarterly report that the firms has made additional revenue from AI content licensing.
Electronic Arts have raised their 2024 booking forecast due to outperformance of sports games. The news were the catalyst of an ongoing stock surge.
The Wall Street Journal has reported that Visa intends to fire 1,400 employees and contractors due to a cost-cutting program.
On Thursday, the EU enacted tariffs on Chinese made electric vehicles, which demand up to 45.3% of the car price. Moreover, the recent tariff investigation is set to result on tariffs on Tesla.
Analysts have spotted that ship cruise operators have found that purchasing whole islands and turning them into theme parks has turned into a profitable business. The firms have lifted ticket sales by as high as 50% by sailing clients to the newly created parks.
The stock price of Ford has recently been experiencing a decline due to a broader increase of supply issues and cost increases.
A US investigation of Boeing has found that the company overcharged the US Air Force for some parts by as much as 8,000%.
Results of a poll done by Reuters indicate that market analysts expect the Federal Reserve to cut interest rates two times during this year. Both times, the Fed should cut by 0.25%.
A recent report by Adidas has revealed that the firm has experienced its best sales in China since early 2022.
The UK banking group HSBC has been trading near record highs, since the group announced that it would buy back shares for a total amount of $3 billion.
Last week, BP reported a 30% decline in profits. In general, the firm signals a major decline in earnings in the oil sector, as demand for the commodity is decreasing.
Despite reporting quarterly earnings, Santander has delayed the publication of quarterly results, as the firm waits for a ruling of a UK court on motor finance.
Reuters sources have revealed to the world that the Chinese government might increase its debt by $1.4 trillion during the next few years.
Groupe Bruxelles Lambert has reduced its stake in Adidas to 3.51%. The firm has gradually sold off the stock over 2024, as it owned 16% at the start of the year.
TDK has partnered up with McLaren Racing to work on competing in the Formula E, which is the electric vehicle racing league.
It has been revealed that Google is among investors that have invested $110 million in Nigeria's Moniepoint. The firm intends to scale up banking services across Africa.
Results of a Reuters poll have revealed that market analysts expect Chinese factory activity to have contracted in October.
The results of recent surveys have revealed that firms intend to increase prices in Germany, which could bring inflation to the 2.00% target rate that the ECB intends to achieve.