Meta platforms has revealed that it would demand an extra 30% charge for boosting posts from businesses that use iOS versions of Instagram and Facebook.
Reuters has reported that Japanese supermarkets have been stocking more chicken meat, as inflation has caused more expensive meat consumers to switch to cheaper alternatives.
The Natwest Bank has reported a stunning 20.00% increase in earnings in 2023. However, the bank has revised downwards expectations for 2024.
The Japanese tech giant Sony has partnered up with the hard drive company Seagate Technology to mass produce new drives that would meet the AI caused demand.
Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount.
The sports apparel brand Nike intends to fire nearly 2.00% of its workforce, which amounts to 1,600 employees. Reportedly, the company struggles to cut costs after experiencing a decline in profits in 2023.
The US Securities and Exchange Commission has allowed Truth Social to merge in a blank-check acquisition deal. Meanwhile, the company is being valued near 10$ billion.
Reuters has reported that Google is set to start an anti-misinformation campaign, before the European Union Parliament elections.
Despite recent data revealing that Japan has entered a recession, the Bank of Japan remains set to change its policy in April and start monetary tightening.
The National oil company of Gabon has agreed to purchase Assala Energy from the Carlyle Group for a total of 1.3$ billion.
Due to the upcoming NVidia earnings announcement that is scheduled on 21 of February, options premiums of the stock have surged. The surge indicates that a large move either up or down could occur after the earnings announcement.
DoorDash has reported higher than expected quarterly revenues, as more customers have used the online delivery platform.
Due to interest income on stablecoin reserves, Coinbase has managed to increase its revenues and profit in the fourth quarter of 2024.
The US Republican Senator has asked the United States Securities and Exchange Commission to block the IPO of Shein due to the company's operations in China.
The semiconductor equipment firm Applied Materials has announced that, due to strong AI chip demand, the company would increase is revenue forecasts.
The streaming platform Roku has announced that it expects higher than previously forecast 2024 first quarter revenues. However, the company has experienced a stock drop due to missing last quarterly market forecasts.
The Chief Executive Officer of Ford Motor Company Jim Farley has stated that he is ready to work with other US electric vehicle producers to develop a strategy to compete with Chinese firms.
JPMorgan Chase asset management and State Street have announced that they would abandon the largest climate change investing advocate group.
The Chairman of the US Federal Reserve Jerome Powell is set to speak before the United States Senate banking committee in the biannual monetary policy update on March 7. The head of the central bank is expected to provide insights into policy.
In January, the US retail sales volume has declined by 0.8%. In addition, December data has been revised downwards from an increase of 0.6% down to 0.4%.
As NVidia announced that it has been acquiring shares in firms that have been developing new AI technology, the stock price of various AI companies have been surging. The markets are guessing and buying up stocks that NVidia could be interested in.
Google has revealed that it would allow businesses to use auto updating of ChromeOS on older PC models that are set to no longer be supported by Microsoft's Windows 10. By doing so, Alphabet might acquire nearly 240 million new OS clients.
The Japanese chip company Renesas has announced that it would buy the software company Altium for a total of $5.9 billion.
Production at US factories has declined in the month of January, as the Federal Reserve is blaming harsh winter weather.