News

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Thu, 06 May 2021 04:00:07 GMT

Exxon sees $200M in charges for job cuts

Exxon Mobil announced its expectations for up to $200M in charges in 2021 related to job cuts within the cost savings plan, according to a regulatory filing.

Thu, 06 May 2021 03:00:07 GMT

Wix.com acquires Rise.ai to add loyalty cards

Wix.com announced that it bought Israeli startup Rise.ai to expand its platform to include loyalty and gift cards, rewards and referrals.

Wed, 05 May 2021 20:43:05 GMT

EU to slash dependency on China, others

The European Union unveiled a plan to slash its dependency on Chinese and other suppliers in six strategic areas, including semiconductors, raw materials and pharmaceutical ingredients.

Wed, 05 May 2021 20:00:05 GMT

US private payrolls grow

Data published on Wednesday revealed that US private sector payrolls had increased by a record amount in April, as companies hired more workers.

Wed, 05 May 2021 19:00:07 GMT

Evans comments on policy

On Wednesday, the Chicago Federal Reserve Bank President Charles Evans stated that he doubts that 2% inflation would be reached and monetary policy would remain super-easy.

Wed, 05 May 2021 18:00:07 GMT

Merkel wants new trade deal

The German Chancellor Angela Merkel stated on Wednesday that the European Union and the United States should renew trade talks and make a new trade deal.

Wed, 05 May 2021 17:00:06 GMT

US services sector activity grows

On Wednesday, data published by US statisticians revealed that US services sector had continued to grow during April.

Wed, 05 May 2021 15:48:10 GMT

Bitcoin surges on Wednesday

During Wednesday's European trading hours, the price for Bitcoin surged by more than 7.50%, recovering previous losses.

Wed, 05 May 2021 15:21:55 GMT

Wall Street surges on Wednesday

During early Wednesday's US trading hours, Wall Street stock indices surged, as a recovery from previous gains was occurring.

Wed, 05 May 2021 14:25:32 GMT

Blue Origin opens up ticket sales

The US rocket company Blue Origin has launched its ticket sales this Wednesday for sightseeing travelling on the New Shepard spacecraft, Reuters reported.

Wed, 05 May 2021 13:35:16 GMT

GM profit beats estimates

On Wednesday, General Motors posted its Q1 profit topped estimates despite the global semiconductor chip deficit that had shut some factories.

Wed, 05 May 2021 12:25:26 GMT

Hilton reports quarterly loss

On Wednesday, Hilton Worldwide Holdings, the US hotel operator, reported a quarterly loss due to bookings hurt by travel bans amid the pandemic.

Wed, 05 May 2021 11:19:21 GMT

Novo Nordisk raises outlook

On Wednesday, Denmark's Novo Nordisk has raised its profit and sales guidance, after topping Q1 earnings estimates, sending its shares up 1.82% on the news.

Wed, 05 May 2021 10:09:33 GMT

Chip shortage continues

On Wednesday, Stellantis revealed that the global chip shortage would only get worse and extend into 2022.

Wed, 05 May 2021 09:00:08 GMT

T-Mobile lifts 2021 forecast

T-Mobile US has lifted its full-year outlook for postpaid subscriber net adds after topping analysts' Q1 expectations on Tuesday, driven by strong demand for the company's 5G services.

Wed, 05 May 2021 08:14:48 GMT

Lyft eyes sustained profit from Q3

Lyft topped wall Street's expectations by reporting significantly lower losses, adding it would deliver sustained profit starting from the Q3 on cost cuts, which let the firm earn more for a ride.

Wed, 05 May 2021 06:52:27 GMT

Deutsche Post lifts forecast

On Wednesday, Deutsche Post has raised its financial forecasts again after the German logistics company more than tripled its Q1 operating earnings, anticipating the rebound in global trade and e-commerce.

Wed, 05 May 2021 06:37:48 GMT

Hugo Boss sees Q2 sales to double

Hugo Boss is expecting its Q2 sales to double in China, with its casualwear business returning to growth, seeing a rebound in the German fashion house's business in the current year.

Wed, 05 May 2021 05:00:09 GMT

US trade deficit jumps to record high

As reported by the US Commerce Department on Tuesday, the US trade deficit rose by 5.6% to an all-time high of $74.4 billion in March.

Wed, 05 May 2021 04:00:07 GMT

US manufactory orders rebound in March

As reported by the US Commerce Department on Tuesday, US factory orders rose by 1.10% in March after declining by 0.50% in the previous month.

Wed, 05 May 2021 03:00:06 GMT

KKR's Q1 earnings surge by 63%

On Tuesday, KKR & Co announced that its Q1 after-tax distributable earnings (DE) rose to $660.2 million or $0.75 per share, up 63% from the previous year.

Wed, 05 May 2021 02:00:07 GMT

Nasdaq edges lower

On Tuesday, Nasdaq Composite Index edged lower by 2%, as investors and traders digested a fresh batch of corporate earnings reports.

Tue, 04 May 2021 20:05:06 GMT

Sotheby's to accept ETH, BTC for auction

Sotheby's announced that it would accept ETH and BTC as payment at Banksy's auction for his artwork "Love is in the Air", cooperating with cryptocurrency exchange Coinbase Global for the sale.

Tue, 04 May 2021 20:00:06 GMT

Lufthansa wins approval for capital increase

Deutsche Lufthansa AG shareholders approved a potential €2.2B capital raise through the new share issuance, which would repair the carrier's balance sheet

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