News

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Thu, 09 Feb 2023 11:12:16 GMT

British American Tobacco stock decline

The tobacco company's stock price declined by as much as 6.45% on during today's early trading due to a company announcement.

Thu, 09 Feb 2023 09:30:07 GMT

Hedge Funds drop short positions

Goldman Sachs has reported that during the recent equity rally hedge funds have dropped their stock short positions at a faster pace than the 2021 meme stock frenzy.

Wed, 08 Feb 2023 15:30:08 GMT

Europe rules out single-pilot airplanes

European aviation regulators have announced that it is ruling out the possibility for one pilot crewed passenger airplanes by 2030.

Wed, 08 Feb 2023 14:35:16 GMT

Google stock plummets on reveal of new AI

The stock price of Alphabet plummeted at the start of the day's trading due to the company revealing its new AI platform. Namely, the AI failed to answer questions correctly in an advertisement, which resulted in the stock drop of more than 6.00%.

Wed, 08 Feb 2023 12:30:06 GMT

Tyson foods declines due to earnings

The worse than expected earnings of Tyson Foods have been the catalyst of the company's stock sell off. The company has reported that demand for chicken had weakened, due to which the company missed its earnings forecasts.

Wed, 08 Feb 2023 09:30:05 GMT

Japan confirms market interventions

The Japanese government has revealed that in October it made a record intervention in the forex market by selling $48 billion USD against the Yen.

Wed, 08 Feb 2023 06:30:12 GMT

BNP Paribas misses expectations

The stock price of BNP Paribas became highly volatile after the company missed its quarterly results, but increased its targets for 2025.

Tue, 07 Feb 2023 14:30:06 GMT

French strikers disrupt power supply

Strikes against pension reforms in France have caused major disruptions in the country's energy sector.

Tue, 07 Feb 2023 12:56:43 GMT

UN reports on NK crypto theft

The United Nations have reported that North Korea experienced a record breaking 2022 in its cryptocurrency theft operations by stealing a total of $3.8 billion.

Tue, 07 Feb 2023 12:00:08 GMT

Bed Bath & Beyond raises money

In an effort to avoid bankruptcy Bed Bath & Beyond has announced that it would raise $1 billion through a stock offering. The company's stock price jumped 92.14% on Monday, prior to declining nearly 40.00% after trading hours.

Tue, 07 Feb 2023 10:00:55 GMT

Drug companies face losses

Various drug companies have revealed that they are expecting a decline of sales in 2023 due to the world no longer requiring COVID-19 medicine.

Mon, 06 Feb 2023 14:30:10 GMT

Tesla continues to cut prices

Tesla officials in South Korea have revealed that they are continuing to further decrease the prices for their car models.

Mon, 06 Feb 2023 12:30:08 GMT

Apple expects profit decline

The US tech giant Apple has revealed that the company expects another decline in its revenue, despite solving iPhone production problems.

Mon, 06 Feb 2023 10:30:08 GMT

Tech companies reveal add market information

Recent quarterly results published by Meta and Alphabet have revealed that the global digital advertisement market has continued to decline.

Mon, 06 Feb 2023 08:30:12 GMT

ECB plans more rate hikes

Two ECB policymakers Slovakia's Peter Kazimir and Lithuania's Gediminas Simkus have revealed that the ECB would hike interest rates not only in March, but also in May.

Mon, 06 Feb 2023 06:30:09 GMT

Switzerland launches case against Credit Suisse

The Swiss federal prosecutors have initiated a criminal proceeding aimed at the 2022 information leak of Credit Suisse 18,000 accounts.

Fri, 03 Feb 2023 14:36:39 GMT

US top stocks miss expectations

Apple, Alphabet and Amazon have published their quarterly earnings results. In general, all companies have missed earnings and revenue estimates, which were already reduced due ongoing decline of consumer demand. As a result, the company stocks started the days trading with gaps down from 2.00% up to 7.00%.

Fri, 03 Feb 2023 14:30:07 GMT

Berkshire Hathaway sells BYD shares

Warren Buffet's Berkshire Hathaway has sold $44.9 million of shares of the Chinese electric vehicle producer BYD.

Fri, 03 Feb 2023 13:32:28 GMT

United States publish employment data

The US Bureau of Labor Statistics has just published the US monthly employment data. The data sets have revealed. Major increases in employment numbers, but no changes in salaries.

Fri, 03 Feb 2023 12:30:06 GMT

Adani's losses reach $100 billion

Market losses of Adani Group have reached above $100 billion, as the group's top company abandoned the idea of a $2.5 billion stock offering. The major Indian group has been plummeting since the short-seller Hindenburg published a report on Adani's finances.

Fri, 03 Feb 2023 10:30:08 GMT

Shell doubles profits

The oil company Shell has reported that in 2022 it has doubled its profits by earning $40 billion.

Fri, 03 Feb 2023 08:30:08 GMT

Blackstone forbids withdrawals

The US real estate trust has announced another $69 billion withdrawal block, as the company does not allow its clients to cash out of their investments.

Fri, 03 Feb 2023 06:30:08 GMT

FedEx fires senior employees

The FedEx Corporation has announced that it would fire more than 10.00% of its officer and director ranking employees. The new cuts are part of a giant 12,000 worker lay off.

Thu, 02 Feb 2023 14:44:07 GMT

Meta stock price jumps 19.11%

The stock price of the Facebook owner Meta soared at the start of the day's trading, the surge was attributed to the company announcing a $40 billion stock buyback and the CEO of the company announcing a "Year of Efficiency".

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