News

Thu, 31 Oct 2024 18:30:04 GMT

Meta builds own search engine

The Facebook owner, Meta, has reportedly started the creation of its own search engine that would stop the firm's reliance on Bing and Google.

Thu, 31 Oct 2024 15:30:04 GMT

VW workers sound alarms

The carmaker workers council of VW has revealed that the firm intends to shut down three European factories and fire tens of thousands of employees, as part of the ongoing major overhaul.

Thu, 31 Oct 2024 12:30:10 GMT

Investors look at Microsoft earnings

Microsoft is set to publish quarterly financial results after the bell. Investors are looking at the report for hints when will the firm have income from AI, as the new technology has taken up major investment.

Thu, 31 Oct 2024 09:30:04 GMT

Real estate sector worries about taxes

Reuters has reported that US commercial real estate firms have been pushing the US government to implement tax reliefs and other incentives, as the firms struggle with delinquencies, high vacancy rates and financing costs.

Thu, 31 Oct 2024 06:30:04 GMT

Robinhood introduces betting on election

The US brokerage Robinhood has started to offer new contracts that bet on the outcome of the US Presidential Election,

Thu, 31 Oct 2024 03:30:07 GMT

Apple faces sales block in Indonesia

Due to a local parts rule, Apple iPhone 16 sales are being blocked in Indonesia. The phone does not meet the government's rule that smartphones have to contain a minimum of 40% locally produced parts.

Wed, 30 Oct 2024 18:30:04 GMT

Consumers return to shops

European data has revealed that consumers have returned to shopping in stores instead of online shops. Moreover, there have been observed more online stores in areas near physical stores.

Wed, 30 Oct 2024 15:30:05 GMT

BoJ improves communication

The Governor of the Bank of Japan Kazuo Ueda has revealed at recent meetings with the World Bank and International Monetary Fund that the central bank is looking for ways how to better communicate their policy.

Wed, 30 Oct 2024 14:04:29 GMT

Alphabet surges after earnings report

The parent company of Google has reported the third quarter earnings. In general, the firm has passed expectations by experiencing a 10.00% surge in digital add revenues. The stock started the day's trading with a 7.00% gap up.

Wed, 30 Oct 2024 12:59:17 GMT

AMD drops at market open

AMD has reported the firm's quarterly financial results. In general, the firm hit third quarter forecasts, but the stock is dropping due to the firm reducing expectations for the next quarter.

Wed, 30 Oct 2024 12:30:06 GMT

Firms offer new ETFs

Morningstar has released research that indicates that in 2024 the number of AI equity traded funds has increased by a third, as the AI associated firms continue to attract investment.

Wed, 30 Oct 2024 09:30:05 GMT

LG reduces expectations

The battery making unit of LG Energy Solutions has reduced its expectations for 2025, as the firm has observed a decline of demand for electric vehicles.

Wed, 30 Oct 2024 06:30:04 GMT

Boeing raises cash

In an effort to raise cash, this week, Boeing has launched a new stock sale that is expected to raise as much as $19 billion.

Wed, 30 Oct 2024 03:30:04 GMT

China issues warning to EU

The government of China has warned the European Union to stop negotiating with Chinese electric vehicle makers without the involvement of the Commerce Ministry.

Tue, 29 Oct 2024 21:30:16 GMT

Wunsch comments on ECB policy

The Chief of the Belgian Central Bank Pierre Wunsch has revealed that he sees no urgency for the ECB to cut rates at a faster pace. Moreover, Wunsch has stated that the Euro Zone could live with inflation below 2.00%.

Tue, 29 Oct 2024 18:30:03 GMT

European countries improve start-up environment

Index Ventures have revealed in a report that seven European countries have improved their legislation to compete with the US in attracting investment and talent to start-ups.

Tue, 29 Oct 2024 15:30:04 GMT

TSMC stops shipping to China

Taiwan Semiconductor Manufacturing Company has announced that it is suspending shipping to China, as a chip made by the company has been found in a Huawei AI processor.

Tue, 29 Oct 2024 15:23:14 GMT

US data moves DXY

At 14:00 GMT, two data sets were released that conflict with one another. The US JOLTS Job Openings disappointed, but the CB Consumer Confidence surprised the markets. However, it appears that JOLTS rule the market, as the US Dollar dropped on the announcement.

Tue, 29 Oct 2024 12:30:04 GMT

Bank of England works on digital currency

The Governor of the Bank of England Andrew Bailey has revealed that the central bank is continuing to work on the creation of a digital currency that would be available for the public.

Tue, 29 Oct 2024 09:30:05 GMT

Google develops new AI

The Information has reported that Google is developing new AI tech that would control web browsers in order to do various tasks.

Tue, 29 Oct 2024 06:30:06 GMT

Nvidia overtakes Apple

Stock exchange data indicates that last week, Nvidia has managed to surpass Apple as the world's top value company.

Tue, 29 Oct 2024 03:30:04 GMT

China comments on tariffs

The Chinese government has met with US officials in Washington. At the meeting, Chinese representatives expressed concerns over US tariffs and sanctions on Russia.

Mon, 28 Oct 2024 21:30:04 GMT

US court rules on Musk's tweet

A US court has ruled that the United States labor board has been wrong by ordering Musk to delete an anti-union tweet.

Mon, 28 Oct 2024 18:30:05 GMT

Alibaba settles lawsuit

The Chinese online retailer Alibaba has decided to pay $433.5 million to settle a lawsuit with shareholders that claimed the firm had practised monopolistic policies.

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