- Mon, 25 Nov 2024 07:40:03 GMT
ECB monetary policy on the cusp of change
ECB chief economist Philip Lane has stated that policymakers shouldn't hesitate to create looser monetary policy to boost economic growth, by lowering interest rates.
- Fri, 22 Nov 2024 21:30:03 GMT
Walmart worries about tariffs
The US retailer has expressed concern over upcoming potential tariffs that have been proposed by Donald Trump. The firm might not be able to import cheap goods from abroad for prior prices.
- Fri, 22 Nov 2024 18:30:02 GMT
VW appoints new head of US business
Volkswagen has appointed the former Rivian executive Kjell Gruner as head of VW American unit, as the German carmaker faces issues with negotiating with the United Auto Workers union.
- Fri, 22 Nov 2024 15:30:03 GMT
Goldman expects US market surge
Goldman Sachs has revealed that the bank expects S&P 500 to reach 6,500 by the end of 2025.
- Fri, 22 Nov 2024 12:30:03 GMT
Investors expect BoJ rate hikes
It has been observed that the financial markets expect an interest rate hike in Japan, as investors have been selling bonds and buying banking sector shares.
- Fri, 22 Nov 2024 12:15:03 GMT
MicroStrategy plans to buy more Bitcoin
MicroStrategy has raised $3 billion through the sale of 0% convertible senior notes, to purchase more Bitcoin.
- Fri, 22 Nov 2024 10:35:02 GMT
SEC chairman steps down
Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has decided to step down from his position. January 20 will be his last day as chairman of the SEC.
- Fri, 22 Nov 2024 09:30:03 GMT
US homebuilder confidence increases
In November, US homebuilding sentiment has risen to a high level not observed since April, as the market expects more demand due to lower interest rates.
- Fri, 22 Nov 2024 09:00:04 GMT
Japanese Manufacturing drops again
For the fifth consecutive month, Japan's manufacturing PMI has been in contraction. Overall economic sentiment has been impacted by significantly stagnant demand, weak business confidence, and rising costs.
- Fri, 22 Nov 2024 08:35:03 GMT
U.S. regulators wants to break up Google
U.S. regulators are calling for drastic penalties against Google, including the sale of its Chrome browser and restrictions on Android, following a ruling that the company holds a monopolistic control over the search engine market.
- Fri, 22 Nov 2024 08:25:03 GMT
UK Retail Sales number down in October
On November 21th, the Office for National Statistics reported the monthly retail sales figures. Estimated number was -0.3%, actual number was -0.7%.
- Fri, 22 Nov 2024 07:50:05 GMT
Hedge Fund founder sent to prison
The founder of Archegos Capital Management, Bill Hwang, received an 18-year prison sentence for fraud involving securities and market manipulation.
- Fri, 22 Nov 2024 06:30:03 GMT
Boeing fires employees
As part of a 17,000 thousand job cut, Boeing has already fired more than 2,500 employees in four US states.
- Fri, 22 Nov 2024 03:30:02 GMT
US labor boosts inflation
The San Francisco Federal Reserve has commented that it has found that the US labour market is still increasing inflation in the country, as salaries continue to rise.
- Thu, 21 Nov 2024 21:30:03 GMT
Stellantis CEO comments on new market
Chief Executive Officer of the carmaker Stellantis Carlos Tavares has recently stated that the company will adapt to potential changes by the incoming US administration. Namely, a stop to the EV tax credit would not hurt the firm, as it offers hybrid, has and electric versions of its vehicles.
- Thu, 21 Nov 2024 18:15:03 GMT
Danone wins lawsuit
The producer of Evian mineral water has won a lawsuit against consumers who sued the firm after Danone claimed that its water production is carbon-neutral. A judge has ruled that consumers had not understood the label.
- Thu, 21 Nov 2024 15:30:03 GMT
Warner Bros Discovery secures NBA rights
In the aftermath of a legal settlement, Warner Bros Discovery is set to hold National Basketball Association rights for the next 11 years. The news have been the reason for a surge of the company's stock price
- Thu, 21 Nov 2024 14:22:49 GMT
NVDA beats expectations
The top tech company NVIDIA has published its quarterly financial results. In general, NVDA has once again passed forecasts and the stock is surging. NVDA started the day's trading near the early November high zone, just below the $150.00 mark.
- Thu, 21 Nov 2024 12:30:03 GMT
Facebook users can ask for compensation
A court in Germany has ruled that clients that have been affected by Facebook data breaches in 2018 and 2019 are eligible for compensation from the company.
- Thu, 21 Nov 2024 09:30:04 GMT
Nomura expects rate cut pause
The banking giant Nomura has revealed that it does not expect the US Federal Reserve to continue with its rate cut program in December. Namely, rates are expected to remain at current levels.
- Thu, 21 Nov 2024 06:30:03 GMT
Walmart expects record year
The recent stock performance of Walmart has revealed that the company is set to experience the best year since 1999, as the shares have already surged almost 60% during 2024.
- Thu, 21 Nov 2024 03:30:02 GMT
Nestle cuts spending
The CEO of Nestle has announced plans to boost spending on marketing and advertising while cutting annual costs by at least $2.8 billion to fight weak sales numbers.
- Wed, 20 Nov 2024 21:30:03 GMT
US investigates Ford cars
United States authorities are investigating Ford vehicles and have ordered the recall of more than 110,000 cars due to seat belt retractor issues.
- Wed, 20 Nov 2024 18:30:03 GMT
Tesla surges due to news
This week, the stock price of Tesla managed to gain ground, as Bloomberg reported that the Trump's government intends to create federal regulation for self-driving cars.