The Volkswagen group has announced that despite recent turmoil the company would stick to its investment timeline in the new PowerCo battery unit.
Due to US exports controls, the semiconductors testing equipment firm Teradyne has pulled out $1 billion in manufacturing out of China.
Rates for air freights have surged since the attacks on shipping in the Red Sea. Most recently, due to the Chinese Lunar New Year, freight rates have increased by as much as 6.4% over the span of a week.
The stock price of the German agriculture company Bayer have plummeted nearly 6.00%, as a court order is forcing the company to pay out $2.25 billion in damages to a man from Pennsylvania.
Reuters has reported that Archer-Daniels-Midland has delayed paying out performance bonuses to executives due to not finalizing an audit.
The now largest company of the world by market capitalization Microsoft is expected to report a 15.8% gain in quarterly revenues, as AI has boosted income.
The Chinese real estate giant Evergrande has been ordered to liquidate. The crash of the giant is causing a major Chinese stock sell off.
The UK airline Ryanair has told Boeing that it can buy the 737 MAX 10 planes that had been refused by airlines after a recent US government ruling. Ryanair has stated that it would acquire the planes for a "right price".
Due to vehicle certification issues, Toyota has decided to pause some vehicle shipments. The issues concern Land Cruiser and Hilux models.
Reuters has published a report that reveals that investors expect Microsoft to leave Apple behind in market capitalizations. Namely, the top valued company in the world is set to continue to gain value.
Recently published IDC data has revealed that Apple smartphone shipments to China have decreased by 2.1% in fourth quarter of 2024, compared to the last quarter of 2023.
The Norwegian traffic regulators have announced that are not going to recall Tesla vehicles due to the recently discovered suspension safety issue.
Nokia has beat its quarterly earnings and profit expectations, as the company has experienced a recovery of demand. Moreover, the telecom company expects demand to continue to grow.
Citigroup has revealed that it has fired employees in New York during this week. However, the employees are set to be paid up to April.
Due to the Chinese stock market experiencing a major decline, the Chinese investors have been buying Bitcoin.
The Chinese authorities have commented that they have allowed Boeing to resume the deliveries of 737 MAX 8 to local customers.
The United States Federal Aviation Administration has announced that it would stop any increases of production of Boeing 737 MAX airplanes.
The United States Core Personal Cost Expenditures have increased by 0.2%. The markets had expected the increase, due to which reason the market reaction has been muted.
Volkswagen's Audi has won a top EU court case against Polish retailers that were selling Audi spare parts. The producers are now forbidden to sell radiators with the Audi four ring logo.
The US electric vehicle maker Tesla has erased $80 billion of its market cap, as the company's stock price plummeted 12% during Thursday's trading.
Despite broad talks of possible interest rate decreases, the ECB has confirmed that it would keep rates at current levels until inflation in the Euro Zone decreases to the target rate of 2.0%.
The United States Advance Gross Domestic Product publication has surprises the financial markets, as a major beat of forecast has occurred. Markets expected GDP to have increased by 2.0%. Instead the US economy has grown by staggering 3.3%. The event caused a surge of US stock indices and the US Dollar. The USD surged due to the data indicating that
The European Central Bank has just published its Main Refinancing Rate. As expected, the ECB has kept the interest rate at 4.50%.
The US electric vehicle maker Tesla has missed its quarterly earnings forecasts by 2.80% and total revenue is below expectations by 1.84%. The stock price of the company was set to start Thursday's trading near the $190.00 mark, compared to fluctuating near $215.00 during the previous week.