The US Defense Department has highlighted a dozen of Chinese firms that have been working with the People's Liberation Army. The Chinese government has responded by calling the announcement an abuse of state power.
The Chief Executive Officer of Meta Mark Zuckerberg has apologized to US families for how social media has impacted children. The CEO had done so at a US Senate hearing after being prodded by a Republican Senator.
The French bank BNP Paribas has reported a decline in quarterly income and moved its targets further down into the future. The news caused a 8.86% drop of the bank's share price.
The Canadian government is expecting a wave of small business bankruptcies, as 20% of businesses have not paid back their Covid pandemic government support loans. A forced repayment of the loans is set to cause insolvencies.
Due to weak demand in the local economy, Chinese factory activity had continued to decline in January for a fourth month in a row.
The Bank of England has kept its Official Bank Rate unchanged at 5.25%. The no change was expected. The market reacted to the news with a slight strengthening of the Pound against other currencies. GBP/USD currency pair surged 55 points or 0.44%.
The Executive Vice President of Finance of Delta Airlines Gerry Laderman has stated at a conference that the issues at Boeing could be caused by a loss of experience that had been created by the Covid epidemic.
The major US company Apple has revealed that iPhone sales have increased by 3% during the holiday period. However, future growth is set to be impacted by a decline in China.
The media entrepreneur Byron Allen has offered $30 billion for the company Paramount Global. The deal would result in the Allen media Group acquiring the company with all its equity and debt.
The miracle weight –loss drug Wegovy producer Novo Nordisk has revealed that it expects another year of double digit sales growth, as the company enters new markets and increases production in the US.
The Chinese government has announced that it would use new support measures to help the real estate sector in the aftermath of the liquidation of Evergrande.
The International Monetary Fund has revealed that it forecasts the global economy to recover and experience a soft landing instead of a recession due to an ongoing decline in inflation.
The Carnival Cruise Lines have announced that the company expects its annual earnings to decline due to rerouting of ships from the Red Sea passage.
The United States Federal Housing Finance Agency has revealed that in November house prices increased at the fastest rate in 11 months. Home prices have increased by 6.6% on an annual basis.
Recent European economic data has revealed that due to a slowdown in the German economy the whole euro zone has stagnated during 2023.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.
Advanced Micro Devices has reported lower than expected revenues and earnings per share. The news have caused a major sell off of all chip company stocks.
Nasdaq eVestment has revealed that in 2023 investors have taken out more than $100 billion from hedge funds.
The United States carmaker has revealed that it expects US economy to remain resilient, which would strengthen the company's sales.
The Japanese automaker has announced that 50,000 US vehicle owners have to stop driving and immediately repair their cars due to a potential air bag explosion.
The Elon Musk's Neuralink company has succeeded at implanting a brain chip into a human. Initial results have reportedly shown promising results.
The US airplane maker Boeing has withdrawn its submission to the US Federal Aviation Administration for a safety exemption for the 737 MAX 7 aircraft.
Toyota Motor has announced its 2023 results. The firm remains the top global automaker for the fourth year in a row with yearly sales of 11.2 million cars.