The US tech company Intel intends to spend $100 billion on the construction and expansion of factories across the United States. Intel has gained $19.5 billion in federal grants and expects to secure $25 billion in tax deductions.
Reuters has revealed that JPMorgan Chase has assembled a sports-focused investment team that is set to evaluate investing into sports franchises.
The competition regulators of France have fined Google with a 250 million Euro fine for breaching EU intellectual property laws.
Employees of Maserati are set to work reduced hours at the Italian factory. The reduced hours have been arranged in an effort to reduce work costs, but keep union workers employed.
The Swiss drug manufacturer Lonza has revealed that it would acquire a biological drug maker from Roche for a total of $1.2 billion.
This week, Chipotle has announced that the company's board has approved a 50 for 1 stock split of the common stock. This announcement caused a 7.00% surge of the stock price, as a cheaper stock price is expected to attract more investors.
The stock price of Micron Technologies has surged more than 17.00% at the start of Thursday's trading. The shares trade at a record high at $113.30. This jump of company's value occurred due to the firm reporting high earning per share, instead of an expected loss. Markets forecast a loss per share of $0.253, but the firm made earnings per
US airplane maker Boeing has announced that the company expects to spend more cash during this quarter due to the need to improve 737 production quality.
The owner of Facebook and Instagram has announced that it could reduce its monthly subscription fees by almost half. These news caused an initial dip of the company's stock price. However, the initial dip quickly turned into a surge.
Due to a potential airbag issue, Chrysler is forced by the US National Highway Traffic Safety Administration to recall 38,000 cars.
The Official Bank Rate of the Bank of England has been published. Markets expected the central bank to keep rate at 5.25%. Bank of England has done, as expected.
Chinese Tencent Holdings has revealed that fourth quarter revenues increased by 7%. In addition, the company intends to double share buybacks throughout 2024.
Unexpectedly to the financial markets the Swiss National Bank has just cut its base interest rate from 1.75% to 1.50%. The Swiss Franc is losing value due to the news. USD/CHF currency pair jumped 103 base points or 1.16% over the span of five minutes after the news were announced.
The Chief Executive Officer of Apple Tim Cook has visited China and the firm's suppliers in the country. In addition, the CEO is rumoured to have additional plans during his visit that could be associated with the recent drop of iPhone sales in the country.
The stock of Gucci brand's owner Kering has experienced a decline due to a 20% drop of the brand's sales. Moreover, the equity price drop has spilled over into LVHM and Hermes shares.
Chief Executive Officer of Audi Gernot Doellner has stated that the firm would stick to its electric vehicle shift strategy. The company has experienced a decline in EV sales, but still intends to end combustion vehicles sales in 2026.
The luxury vehicle producer Bentley has reported lower 2023 profit that is attributed to weak economy and high interest rates.
The United States Federal Reserve has just announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that.
The food producer Unilever has announced that it is spinning off ice cream unit and fire 7,500 employees in a cost savings programme. Markets saw the announcement as positive. The stock price of the company surged more than 5.00%.
Reuters has reported that Fidelity International intends to fire 16% of its employees in the Chinese fund unit.
The suppliers of NVidia SK Hynix has launched mass production of new next generation memory chips that are used in AI chipsets.
Chinese Xiaomi has beaten its fourth quarter of 2023 revenue expectations and posted a 10.9% increase in the total revenues.
The Chief Executive Officer of Tesla Elon Musk has revealed in an interview that his use of Ketamine has been benefiting Tesla investors.
The tech company Super Micro Computers has joined the S&P 500 company list, as its value has surged due to demand for AI servers and close cooperation with NVidia.