The commodity trading company Trafigura has revealed that it expects the demand for EVs, power infrastructure, AI and automation to result in the demand increase of additional 10 million tons.
United Parcel Service has revealed that the firms has surpassed market expectations for the company's quarterly profits. The firms has managed to profit by firing 12,000 non-union employees and with it reducing costs.
The US tech giant Apple has announced that it would hold a tech event on May 7. It is usual that new products are announced at these events.
Yesterday, after the US market close, Tesla revealed the company's quarterly financial results. In general, the firm announced worse than expected results, but announced future plans that could save the company. The stock price is set to jump nearly 12.00% or $17.00 at the start of Wednesday's trading.
S&P Global PMI indices have revealed to the world that business activity in the United State had decreased, as the reading decreased from 52.1 in March down to 50.9 in April.
The US jet engine maker GE Aerospace has increase its 2024 profit forecast due to a successful start of this year.
US vehicle maker General Motors has published higher than expected quarterly financial results. Moreover, the firm has increased its annual profit forecast, as the company observed stable prices and demand for gas-engine cars.
The soft drink producer PepsiCo has beaten analyst quarterly revenue forecasts. Profits have been driven by high international demand for Tropicana juices and Cheetos.
Due to ongoing tax cut programs, the fiscal revenues of the Chinese government have declined in the first quarter of 2024.
The US firm Bristol Myers Squibb has signed a $380 million contract with Cellares for the production of CAR-T cell therapies.
Due to high military demand the defence and aerospace firm RTX has experienced a 20.00% surge in its quarterly profits.
US fashion retailer Express has filed for bankruptcy in the United States and the firm would close down more than 100 stores.
The EV maker Tesla has reduced the price for the Full Self-Driving software by a third. The software now costs $8,000.00.
The European Union country Purchasing Managers Indices were released from 07:15 GMT up to 08:00 GMT. The event caused a surge of the Euro, as the service sector revealed shown growth instead of a decline.
The real estate firm Rightmove has revealed that home prices in the United Kingdom have reached a new record high level.
The US electric vehicle maker Tesla has announced that it would reduce car prices in China, Germany and other countries. These news were identified as the cause of an extension of the ongoing stock price decline.
Reuters has reported that Micron is set to receive $6.1 billion in grants from the US government.
The Alaska Air Group has revealed that it expects bigger than forecast earnings in the current quarter due to an unforeseen increase in demand for travel.
President of the New York Federal Reserve John Williams has commented that the US monetary regulators see no need to cut interest rates, as the US economy remains strong.
The Vice President of the European Central Bank Luis de Guindos recently stated that the ECB would cut interest rates in June, despite rising oil prices, weaker Euro and a delay in US rate cuts.
Board member of the Bank of Japan Asahi Noguchi has stated last week that the Japanese central bank would hike interest much slower than it was done by other central banks around the world.
The number of new permits for the construction of apartment buildings in Germany has declined by 18.3% in February. The data confirms that the slump in the German real estate market continues.
The United Kingdom airline EasyJet has announced that it expects summer sales to show major growth momentum. This revelation has fuelled a surge of the company's stock price.
Abbot Laboratories has beat market expectations for quarterly financial results. The company's stock has surged due to the announcement.