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The foodstuff firm Kraft Heinz has announced that it is decreasing it 2024 sales forecast due to the observation of declining demand.
Reuters has revealed that the Italian government is preparing to sell its stake in Monte Paschi on the market, as it has failed to find a buyer for the stake. A sale in market, not to a certain buyer, is set to cause a price decline.
Reuters has revealed that Volvo Cars intends to oust Northvolt from a common electric vehicle battery venture.
Standard Chartered has announced that it will double investment in its wealth unit and decrease focus on retail banking.
Aston Martin has recently revealed that it has lost fewer funds than forecast, during the third quarter of 2024.
The US Federal Reserve cut interest rates at 19:00 GMT on Thursday. The central bank reduced the base rate, as expected, by 0.25%. The current rate stands at 4.75%.
The US Federal Reserve cut interest rates at 19:00 GMT on Thursday. The central bank reduced the base rate, as expected, by 0.25%. The current rate stands at 4.75%. The US Dollar surged on the news, as there were prior speculations that the Fed might cut 0.50%. The lesser cut revealed that there will be more demand for the USD
As the Chinese banking sector has reported quarterly financial results, it has been observed that the sector has managed to remain profitable, despite declining margins.
The US carmaker has been forced to recall 33,000 RAM trucks. The National Highway Traffic Safety Administration has ordered the recall due to issues with electronic stability control.
At 12:00 GMT, Bank of England in its Monetary Policy Committee has decided to cut interest rates. GBP/USD rate is reacting to the upside. As forecasted, official Bank rate of the GBP has been reduced by 0.25%. New rate is at 4.75%. Predictable monetary policy from the BoE is a good signal for overall economic environment in the UK. Monetary
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.
On the 5th of November, US citizens elected their 47th President of the United States. Between two candidates, US election results show that Donald J. Trump has won the election over Kamala Harris. Republican candidate Donald J. Trump has declared victory, while Kamala Harris has been cancelling election night speeches. Although last votes are still being counted, the market
Bitcoin has found support in 73,700 price level and looking for new resistance level, considering all-time high price level resistance has been broken. Meanwhile, 50-day and 200-day simple moving averages have been breached, which can indicate that higher price levels may be discovered. It is worth mentioning that more than 230 days, BTC has been trading within $73,700 to $52,000 price
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 AUD/JPY was approaching the 110.00 mark, as the Bank of Japan changed policy and started monetary tightening. The change of policy resulted in a drop of the pair as low as 90.00. However, it was followed by a recovery that eventually stopped near the 102.00 mark and the 200-day simple moving average. A move above the 102.00 mark