The top German bank Deutsche Bank has announced that it no longer expects a recession in the United States in 2024. However, note that despite this latest positive comment, the bank recently fired 3,500 of its employees.
The Vietnamese electric vehicle maker has announced a recall of almost 6,000 cars due to the need to replace a combination switch.
The obesity drug maker Novo Nordisk has announced that it would start buy back the company's shares in 2024. The total buy back would amount to $2.88 billion.
Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed that it has beat the last quarter expectations by posting a profit of $3 billion. Namely, the markets expected the energy company to perform even worse than it actually has.
On Tuesday, the Chinese stock indices recovered due to the markets turning positive, as the government of China renewed talks of stimulus.
The pharmaceutical company Bristol Myers has surprised the markets with higher than expected quarterly sales results. The good results were attributed to the new anemia drug Reblozyl and blood cancer drug Revlimid.
The stock price of AbbVie has surged due to the news that the company has experienced a better than expected last quarter of 2023. The high sales were caused by high Botox and Humira sales.
The major energy company ExxonMobil has surpassed its quarterly earnings expectations. The company ends the year with a total profit of $36 billion.
The stock price of NVidia has set a new record in January by surging and resulting the company experiencing an unprecedented market capitalization increase of $296.52 billion.
The United States tech company Intel has delayed the construction of its $20 billion Ohio factory, as reported by Wall Street Journal.
Reuters has published an article that reveals how Toyota is set to outperform other vehicle producers due to an ongoing consumer shift from electric vehicles to hybrid fuel vehicles.
The United States electric vehicle producer Tesla has announced a massive recall of almost all vehicles in the US. A total of 2.2 million cars are being recalled due to an incorrect warning light font.
The German banking giant Deutsche Bank has announced that it would fire 3,500 employees. In the meantime, the group is set to buy back its shares and pay out a dividend. The efforts appear to be aimed at attracting investors.
NVidia has announced that the new China-focused AI chip is set to compete in pricing with a similar product from Huawei.
The Chief Executive Officer of Tesla Elon Musk has revealed plans to hold a stockholder vote that would result in the company's incorporation in Texas. This move comes after a Delaware judged ruled that Musk's remuneration package had been unfathomable.
The United States Bureau of Labor Statistics has just published the monthly employment data sets. The released data has caused a surge of the US Dollar of 0.5% over the span of a minute.
After the market closure on Thursday, three major companies announced their quarterly results. The announcements done by Meta, Amazon and Apple are causing major volatility in the pre-market trading.
Regional United States bank stocks have declined this week due to a 38% drop of the New York Community Bancorp shares. The bank has cuts its dividend in the aftermath of surprise losses.
After profiting $28 billion in 2023, the energy company shell has announced that it would increase its quarterly dividend by 4.00%. However, the company's earnings have been lower, compared to 2022.
The Wall Street Journal has reported that Ancora Holdings has led an investor group that has acquire a $1 billion stake in Norfolk Southern in an effort to gain control of the board of directors and oust the CEO Alan Shaw.
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.