Weak demand in Europe has caused a decline in the share price of Daimler Truck, despite the company revealing better financial results for the last quarter.
Due to the ongoing boom in AI, global firms have been buying up semiconductors, which are mostly produced in Taiwan. Due to this reason, investors have been buying Taiwanese ETFs.
The sports brand firm Adidas has revealed that it intends to invest into and actively manage the three stripe sneaker Samba and multi-colour Gazelle brands.
As the earnings season is over, it has been revealed to the world that tech giant firms have experienced rising costs that stem from the development of artificial intelligence tech.
The Universal Music Group has struck a new pact with TikTok that would see the return of the group's artists to the platform.
US pharmaceutical company Regeneron has reported that its top eye drug has been sold in lower quantities than expected.
The new and information firm Thomson Reuters has reported an increase of quarterly revenue of 8.00%. Moreover, the firm expects higher earnings throughout 2024.
Due to a rebound in business travel, Air Canada has experienced and reported smaller quarterly losses.
The Wall Street Journal has reported that the insurer Chubb is set to pay out $350 million for the repair of the collapsed Baltimore Bridge.
World's second largest steel producer ArcelorMittal has revealed that it expects global demand for steel to increase by 3-4% during 2024.
Reuters has revealed that it is most likely that in March Japanese household spending had declined more than in February.
In the aftermath of a strong quarter, Maersk has increased its annual profit expectations, as demand for container shipping has increased by almost 4.5%.
The Organization for Economic Cooperation and Development has reported that it expects global GDP to grow 3.1% in 2024 and 3.2% in 2025. These new forecasts are higher than the previous 2.9% and 3.0%.
PMI data for April has revealed that economic activity in euro zone factories has declined even further, as the reading is in contraction for a 22nd month straight. Moreover, the index has declined from 46.1 in March to 45.7 in April.
Energy company Shell has reported a quarterly profit of $7.7 billion which is sharply beating market analyst expectations.
The bank Standard Chartered has beaten its quarterly revenue expectations by revealing 5.5% increase in pre-tax profit.
Due to high demand for anti-obesity drugs, Novo Nordisk has raised its 2024 earnings forecast, as the firm reported higher than expected demand in the first quarter of the year.
Recently, Johnson & Johnson has reported that the firm has been progressing in settling the ongoing talc lawsuit with a $6.48 billion settlement.
Analysts have reported that due to Apple promising to implement AI in its future phone models demand for current models is set to decline, as consumers wait for new iPhones.
The payment card firm MasterCard has reported that due to high credit card spending by the US consumers the firm has experienced a 10% increase in transaction turnover.
Private equity management firm KKR & Co has increased its quarterly profits by 20% on an annual basis, as earnings have been increased by transaction and management fees.
The maker of Sensodyne toothpaste Haleon has reported that in the first quarter of 2024 it almost reached the market expectations.
Despite most companies managing to increase sales in an environment of rising costs, Aston Martin has suffered from both lower sales and rising costs, in the first quarter of 2024.
The firm has increased its annual profit forecasts. However, the CEO Emma Walmsley has revealed that the pace of growth could decrease.