The Financial Times have reported that the ChatGPT maker OpenAI has reached the $2 billion revenue mark in December. Moreover, the "start-up" is expected to double its income in 2025.
The Japanese chipmaker Kioxia has reported the total third quarter 2023 loss to be at $434 million. However, the loss is an improvement, compared to a nearly $670 loss in the previous quarter.
The Chinese company Baidu has partnered up with Lenovo to use generative AI in Lenovo smartphones.
Due to low sales in Asia decreasing quarterly earnings, the stock price of L'Oreal have dropped 7.5%. The company has reported total sales of 10.6 billion Euros, but the markets expected 10.9 billion.
Recently published data has revealed that consumer prices in China have experienced the biggest drop since 2009. The data signals potential deflation risks to the Chinese economy.
Reuters has reported that the major German landlord TAG has warned about a potential drop of real estate prices of 30%, from the 2022 peak.
Due to a decrease of demand for their products, Harley-Davidson has experienced a stunning 38% decline in quarterly profits.
Bloomberg News has revealed to the world that Tesla has been evaluating which job positions were critical. The investigations have caused fears of upcoming layoffs.
The top 500 US stock company index has extended its spectacular surge. The US stocks started Friday's trading at the $500.00 mark.
Due to decreasing input costs, the apparel producer Under Armour has increased its profit and margin forecasts. The announcement caused an 8.00% surge of the company's stock price. However, by the end of the day, the stock price returned to prior levels.
The utility company Duke Energy has not achieved the market forecast financial results in the fourth quarter of 2023. The failure was caused by higher interest rate payments.
The oil and gas production company Conoco Philips has increased production in the Permian Basin, acquired new stakes in facilities, which in turn has resulted in a 8.2% quarterly increase of production.
The Deputy Administrator of the Panama Canal Ilya Espino has revealed to Reuters that the channel is set to remain without any vessel restrictions until April.
Despite a drop in profits in 2023, compared to 2022, oil companies have increased dividend and share repurchase programs to $111 billion. The companies such as BP, Chevron, Exxon, Shell and Total Energies are aiming to attract back investors.
A recent New York Federal Reserve study has revealed that wealth inequality in the United States has continued to increase.
The Chinese Alibaba Group Holding has announced that despite missing quarterly earnings expectations the company would buy back its shares. The stock price reacted to the news with a 4.00% drop.
A court in Germany has ruled in favour of R2 Semiconductors against Intel in a dispute over chip voltage regulators. Intel is forbidden to use technology that has been patented by R2 Semiconductors.
One of the Governors of the Federal Reserve Adriana Kugler has stated that she expects inflation to decline. A proper decline in inflation would allow the central bank to cut interest rates.
The Australian government is set to implement new rules that would allow employees to ignore after-hour calls from their bosses. Moreover, potential fines for breaching of the rules are set to be implement.
Arm Holdings have announced that the company expects high income from its clients using Arm's intellectual property for the development of new AI chips. The stock price of the company surged by 25% on the news.
The multinational private equity, alternative asset management and financial services firm Carlyle Group has reported that its last quarterly earnings had declined by 7.00%, compared to the third quarter of 2023.
For the first time since August, Chinese new energy vehicle sales have declined on a month on month basis. The new energy vehicle data mainly consists of electric vehicle sales data.
The Chinese government has removed the current Chairman of the China Securities Regulatory Commission Yi Huiman. The official is set to be replaced by Wu Qing.
The German firm Bosch has announced that it would move further in the future its 7% margin target. Moreover, the company is set to fire more employees than previously expected.