News

Tue, 30 Apr 2024 18:30:04 GMT

Caterpillar warns about sales

The US machinery production firm Caterpillar has revealed that it expects sales to decline in the next fiscal quarter due to weakening demand.

Tue, 30 Apr 2024 15:30:04 GMT

Barclays reports not-so-bad earnings

The banking group Barclays has reported a 12% decline in quarterly profits. However, the stock of the bank has surged, as markets expected a broader income decline.

Tue, 30 Apr 2024 12:30:04 GMT

AstraZeneca surpasses forecasts

UK pharmaceutical giant AstraZeneca stock has experienced a surge due to the firm reporting a quarterly revenue increase of 19.00%.

Tue, 30 Apr 2024 09:30:05 GMT

Chinese firm reveals new EV battery

The Chinese electric battery maker CATL has revealed a new LFP battery that promises to increase electric vehicle range to 1,000 km.

Tue, 30 Apr 2024 06:30:03 GMT

Consumers choose between two product classes

Danone and Nestle have reported that consumers around the world are either buying premium or cheap class products, as demand for middle segment has been dropping.

Tue, 30 Apr 2024 03:30:04 GMT

LG Display suffers losses

Screen producer LG Display has returned to losing money, as the firm has reported a financial loss of the first quarter of the year. The firm has been hit by weakening demand for TVs and smartphones.

Mon, 29 Apr 2024 21:30:06 GMT

South Korea passes growth expectations

The Gross Domestic Product for South Korea in the first quarter of 2024 has surpasses market expectations. The economy has grown by 1.3%, compared to the forecast 0.6% growth.

Mon, 29 Apr 2024 18:30:04 GMT

Hyundai experiences lower sales

In the first quarter of 2024, Hyundai has suffered due to weak sales in South Korea. The firm's quarterly profits have declined by 2.4%.

Mon, 29 Apr 2024 15:30:04 GMT

BHP wants to buy Anglo American

A major deal is being done in the mining sector. The BHP Group has revealed that it would like to acquire Anglo American for a total of $38.8 billion. These news caused a surge of the AAL stock, as BHP intends to pay a 31% premium on current stock price.

Mon, 29 Apr 2024 12:30:05 GMT

Biden makes deal with Micron

President of the United States Joe Biden has decided to grant Micron Technology a grant for up to $6.14 billion that would allow the firm to build two new factories in the United States.

Mon, 29 Apr 2024 09:30:04 GMT

AT&T passes expectations

The US telecom firm has managed to pass Wall Street analyst expectations for new subscriber growth. More people have bought up the firm's high end unlimited plans.

Mon, 29 Apr 2024 06:30:05 GMT

Tesla stockholders battle Musk's pay

Investors of Tesla, who sued against Musk's $56 billion pay has asked Delaware judges to keep the case in the state, as Musk has tried to move his legal home to Texas.

Mon, 29 Apr 2024 03:30:04 GMT

HSBC comments on US market

Chief Executive Officer of HSBC Michael Roberts has recently stated in an interview that wealthy clients from China and Hong Kong are investing in the US markets, despite recent decline.

Fri, 26 Apr 2024 21:30:08 GMT

Boeing reports revenue decline

For the first time in seven quarters, Boeing has experienced a decline in quarterly revenues, as the firm has had to delay its plane deliveries. The company experienced quality issues with production during the first part of 2024.

Fri, 26 Apr 2024 18:30:04 GMT

US court supports Starbucks

United States Supreme Court has indicated that it is supporting Starbucks in its objection to a judge's order to rehire seven employees that pushed for employee unionization.

Fri, 26 Apr 2024 15:30:04 GMT

Philip Morris experiences good quarter

The tobacco company Philip Morris International has revealed that in the first quarter of 2024 it has earned higher than expected revenue. High income was caused by demand for Zyn nicotine pouches and heated tobacco.

Fri, 26 Apr 2024 12:30:05 GMT

US new home sales recover

New family house construction in the United States has surpassed forecasts as new home sales have reached a six-month high level.

Fri, 26 Apr 2024 09:30:04 GMT

Fisker could go bankrupt

A regulatory filing has revealed that Fisker might file for bankruptcy during the next 30 days unless the firm gets a relief from creditors.

Fri, 26 Apr 2024 06:30:04 GMT

Tesla fires employees

Electric Vehicle maker Tesla has fired more than 6,000 employees in California and Texas. The information about the layoffs has become public due to US laws forcing the company to disclose upcoming job cuts.

Fri, 26 Apr 2024 03:30:04 GMT

NVR reports earnings

The United States homebuilder NVR has reports higher than expected quarterly earnings results, as an offer for fixed mortgage rates has boosted housing demand.

Thu, 25 Apr 2024 21:30:05 GMT

US energy deals hit record high

In the first quarter of 2024, United States oil and gas firm mergers and acquisitions have reached a record high. It has been observed that the boom of 2023 has not stopped at the start of a new year.

Thu, 25 Apr 2024 18:30:03 GMT

Renault comments on annual expectations

The French car producer Renault has revealed that the firm expects higher than previously forecast sales in 2024 due to the launch of new car models.

Thu, 25 Apr 2024 15:30:03 GMT

Amazon launches new product

The US ecommerce firm Amazon has started to offer a new consumer product delivery plan to potential clients that are using government food assistance programs.

Thu, 25 Apr 2024 12:53:03 GMT

META plummets after earnings report

After the market closed on April 24, Meta released its quarterly financial results. Despite beating earnings expectations, the stock has plummeted in pre-market trading, as the firm expects costs to impact future earnings.

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