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.
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.
The United States administration's economic adviser Jared Bernstein has stated that increasing tariffs on Chinese metal goods would not increase inflation.
Reuters has revealed that the United States Securities is investigating whether investment firms are complying with policies that are aimed at decreasing insider trading.
The stock price of Netflix is set to start Friday's US trading with a gap down of 6.34% or a price decline of $38.71. In general, the drop has occurred due to the company announcing that it will no longer provide subscriber statistics.
The United States regulators have revealed that Ford would recall 456,565 trucks and SUVs due to a battery issue.
The long awaited Bitcoin halving day has arrived. Market participants were expecting the day, as the technical event cuts the creation for BTC and boosts its price.
Due to a grain oversupply, US wheat farmers are expected to not make a profit in 2024. Grain prices have been hovering near four year low levels.
On Friday, stock indices in Asia and Europe dropped, as the markets went into risk off mode due to the Israeli attack on Iran. However, follow up reports indicate that the attack was limited and no damage was sustained. The reports started a recovery of the equity markets.
The United States National Highway Traffic Safety Administration has announced that it is increasing resources that are spent on investigating reports that nearly 3 million Honda vehicles could suddenly trigger automatic breaking.