- Tue, 17 Oct 2023 09:00:04 GMT
Oil prices decline
Crude oil prices have started a decline, as the US government has been considering an easing of sanctions on Venezuelan oil exports.
- Tue, 17 Oct 2023 07:03:10 GMT
LinkedIn fires employees
The professional social media site LinkedIn has announced a second employee lay off, which is set to result in the firing of 668 employees.
- Mon, 16 Oct 2023 14:30:04 GMT
Chinese consumer prices decline
Recently published Chinese consumer price data has revealed that consumer and factory-gate prices had declined more than expected during September.
- Mon, 16 Oct 2023 12:30:04 GMT
US inflation increases due to rents and gas
Rising rents and gas prices in the United States have been the main reason for returning inflation. Meanwhile, other sectors have experienced a decline in prices.
- Mon, 16 Oct 2023 10:30:03 GMT
China subsidizes stock market
Bloomberg has reported that the Chinese government is evaluating the use of a new fund that would prop up the equity markets.
- Mon, 16 Oct 2023 08:30:12 GMT
Tesla loses US market share
Electric vehicle sales in the United States have reached a new record high level. However, Tesla dominates only half of the market, compared to 62% in the first quarter of 2023.
- Mon, 16 Oct 2023 06:30:05 GMT
UK allows Microsoft buying Activision Blizzard
The United Kingdom antitrust regulators have allowed Microsoft to acquire Activision Blizzard in a $69 billion deal that was previously forbidden.
- Fri, 13 Oct 2023 14:30:03 GMT
Ericsson reports profit decline
The Swedish electronics giant Ericsson has revealed a 39% decline in quarterly profits. The decline has been attributed to major drop of demand in North America.
- Fri, 13 Oct 2023 12:30:05 GMT
China bans offshore brokerage accounts
Reuters has reported that in a new attempt to control capital China has announced the prohibition of new offshore brokerage accounts.
- Fri, 13 Oct 2023 11:04:50 GMT
Oil prices surge
Crude oil prices are reacting to the United States tightening Russian crude oil export restrictions. The new rules have caused an expectations of reduced global supply. At mid-Friday, US light crude traded near the 85.00 mark and Brent crude was above 89.00 level.
- Fri, 13 Oct 2023 10:30:04 GMT
Companies report major hacker operation
Internet giants Google, Cloudflare and Amazon have reported that they have encountered the largest ever denial of service operation. Moreover, the attacks had used a new technique.
- Fri, 13 Oct 2023 08:30:03 GMT
UAW expands strike to new plant
The United Auto Workers have announced this week that they were expanding the ongoing strike to the largest Ford factory in the world.
- Fri, 13 Oct 2023 06:30:04 GMT
Microsoft reveals IRS demands
Microsoft has announced that the United States Internal Revenue Service has notified the company that the government seeks an additional payment of $28.9 billion, interest and penalties for the period of 2004 up to 2013.
- Thu, 12 Oct 2023 14:30:04 GMT
Bostic comments on interest rates
The President of Atlanta Federal Reserve Bank Raphael Bostic has stated this week that the Federal Reserve should not increase interest rates further, as the current rates have already slowed down inflation.
- Thu, 12 Oct 2023 12:32:48 GMT
US consumer inflation release
The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards.
- Thu, 12 Oct 2023 12:30:05 GMT
Dialysis provider shares plummet
The stock prices of firms that provide dialysis services to diabetes and kidney failure patients have dropped due to Novo Nordisk revealing that Ozempic has shown success in permanently treating these diseases.
- Thu, 12 Oct 2023 10:30:04 GMT
China profits from sanctioned oil
Reuters has revealed that due to buying up cheaper sanctioned oil from Iran, Russia and Venezuela Chinese firms have saved almost $10 billion.
- Thu, 12 Oct 2023 09:38:05 GMT
The Pound reacts to UK GDP
The United Kingdom Office for National Statistics has released the monthly UK GDP data. Despite hitting the forecast of 0.2% growth, the publication caused a drop of the Pound's value due to the revision of the prior data from -0.5% to -0.6%.
- Thu, 12 Oct 2023 08:30:05 GMT
Samsung profits surpass forecast
The Korean electronics giant Samsung Electronics has reported better than expected 2023 third quarter financial results. The new caused a surge of the company's stock price.
- Thu, 12 Oct 2023 06:30:04 GMT
Yellen meets with Gongsheng
The United States Treasury Secretary Janet Yellen has revealed that she would meet with the Governor of the Peoples Bank of China Pan Gongsheng to discuss debt issues.
- Wed, 11 Oct 2023 13:30:03 GMT
IMF adjusts forecasts
The International Monetary Fund has kept its global economic growth outlook almost unchanged. Although, the IMF has increased its GDP expectations for the US. Meanwhile, the GDP forecasts for China and Europe have been decreased.
- Wed, 11 Oct 2023 12:34:56 GMT
United States publish Producer Price Index
The United States Bureau of Labor Statistics has just published the monthly US Producer Price Index and Core Producer Price Index. The PPI was expected to show an increase of 0.3% and the Core PPI was forecast to have grown by 0.2%. Instead the PPI was revealed to increase by 0.5% and the Core PPI shows growth of 0.3%.
- Wed, 11 Oct 2023 11:41:04 GMT
LVHM tumbles 6.00%
The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.
- Wed, 11 Oct 2023 10:30:04 GMT
Coal industry faces job losses
The Global Energy Monitor think tank has published research that indicates that the global coal industry might get rid of more than 1 million jobs by 2050. The job losses are expected to occur, if the world shifts to other energy sources.