News

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Wed, 27 Jan 2021 21:42:18 GMT

Levi Strauss' revenue rises on online sales

Levi Strauss & Co reported that its quarterly revenue grew 34% in the quarter amid higher online sales, including sales through third-party apps and websites.

Wed, 27 Jan 2021 20:45:06 GMT

BlackRock may gain $2.4B on GameStop

The world's biggest asset manager BlackRock could gain nearly $2.4B on the investment in GameStop, owning about 9.2M shares, or almost 13% stake, Reuters reported.

Wed, 27 Jan 2021 19:43:48 GMT

BMW: cash flow above market expectations

BMW's free cash flow was better-than-expected at about €3.4B in the core automotive division, the carmaker stated, citing good cost management and recoveries in many markets.

Wed, 27 Jan 2021 19:22:01 GMT

Google to stop tracking iPhone users

Google's iPhone apps, such as YouTube and Maps, are set to stop using a tool for ads personalisation to avoid a new Apple warning that user's browsing was tracked.

Wed, 27 Jan 2021 17:54:15 GMT

Boeing 737 MAX ready to return to service

Boeing's 737 MAX jets are safe to return to the service in Europe, according to the EASA statement, lifting a two-year flight ban following two deadly crashes involving the jets.

Wed, 27 Jan 2021 16:55:45 GMT

Navistar to tie up with General Motors

The truck manufacturer Navistar International is set to collaborate with the US carmaker General Motors and others over the development of a hydrogen fuel-cell commercial truck, it stated on Wednesday.

Wed, 27 Jan 2021 16:31:43 GMT

Wall Street sees near-record iPhone sales

Wall Street is still expecting a near-record iPhone quarterly sales, despite Apple shut down some of its stores and postponed the iPhone debut for a few weeks due to the coronavirus pandemic.

Wed, 27 Jan 2021 15:11:18 GMT

JPMorgan to launch UK digital consumer bank

On Wednesday, JPMorgan announced it would join the British online banking chain by launching UK digital consumer bank under the Chase brand in coming months.

Wed, 27 Jan 2021 14:37:14 GMT

Microsoft stock rises amid earnings report

At the start of Wednesday's US trading, Microsoft shares rose 2.33% due to the tech giant's earnings report results, driven by solid Xbox and cloud computing sales.

Wed, 27 Jan 2021 13:29:36 GMT

Boeing to postpone 777X again

On Wednesday, Boeing reported a record $12B annual loss as the jet maker postponed its new 777X aircraft again as well as booked a $6.5B charge for this programme.

Wed, 27 Jan 2021 12:00:25 GMT

LVMH shares soar on Q4 results

On Wednesday, LVMH's shares surged as much as 1.3% on the French luxury goods giant's report showing solid fourth-quarter results.

Wed, 27 Jan 2021 10:43:47 GMT

AMD publishes quarterly results

On Tuesday, AMD published better than expected quarterly revenue and increased the 2021 earnings estimates.

Wed, 27 Jan 2021 10:07:26 GMT

Amazon halts sales of alcohol in Northern Ireland

Amazon stopped sales of spirits, wines and beers in Northern Ireland, planning to de-list even more products amid new Brexit-related customs rules.

Wed, 27 Jan 2021 09:03:02 GMT

Intel invests extra $475M in Vietnam plant

On Wednesday, Intel announced it would make an additional investment worth $475M in its Vietnam plant to boost technologies and increase production of its core processors and 5G products.

Wed, 27 Jan 2021 08:36:27 GMT

Nissan plans to electrify new models by early 2030s

On Wednesday, Nissan Motor stated it was planning to electrify all of its "new car offerings" in the main markets by the beginning of 2030s, as the carmaker set a carbon neutrality target by 2050.

Wed, 27 Jan 2021 07:37:31 GMT

Microsoft Azure quarterly services double

Microsoft's cloud computing services Azure rose as much as 50%, marking an acceleration for the second consecutive quarter, boosted by the world's urge to switch to remote work and learning.

Wed, 27 Jan 2021 06:04:44 GMT

Schumer comments on COVID-19 relief plan

On Tuesday, the US Senate Minority Leader Chuck Schumer said that Democrats may move ahead with President Joe Biden's COVID-19 relief plan without the Republican support.

Wed, 27 Jan 2021 04:59:48 GMT

J&J awaits COVID-19 vaccine data

Johnson & Johnson announced that it expected to see the clinical trial data of its coronavirus vaccine next week.

Wed, 27 Jan 2021 04:04:00 GMT

US consumer confidence edges higher in January

On Tuesday, the Conference Board announced that the US consumer confidence index increased to a reading of 89.3 in January from 87.1 in December.

Wed, 27 Jan 2021 02:34:11 GMT

Qualcomm to supply GM with range of chips

On Tuesday, Qualcomm Inc announced that it would supply General Motors with cockpit chips for the next generation of cars.

Tue, 26 Jan 2021 19:09:03 GMT

US consumer confidence improves

The US consumer confidence index increased to 89.3 in January from 87.1 in December, data published by the Conference Board show.

Tue, 26 Jan 2021 17:44:50 GMT

US startup Albert raises $100M

The US fintech startup Albert raised $100M in the second round of funding, a statement published by the company shows.

Tue, 26 Jan 2021 17:30:51 GMT

IMF: China economy to grow 8.1%

The economy of China will expand 8.1% in 2021 and 5.6% in 2022, a report published by the International Monetary Fund shows.

Tue, 26 Jan 2021 16:33:18 GMT

IMF expects global economy to expand 5.5%

The global economy is expected to expand 5.5% in 2021, 0.3% above the previous forecast, data published by the International Monetary Fund show.

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