The Finance Minister of France Bruno Le Maire has admitted that the government expects French GDP to grow only 1% in 2024, compared to the previous expectations of 1.4%. The reduction has been caused by lower global trade.
The stocks of Novo Nordisk and Eli Lilly have been classified as growth stocks due to the invention, implementation and spread of new weight loss drugs.
The German auto producer Volkswagen has revealed a new phase of investment in Mexico that would result in a total investment of $1 billion.
Western Australia has announced that it could offer a royalty relief to various nickel producers in an effort to save the struggling sector.
The major investor Carl Icahn has secured a board seat on the board of JetBlue Airways by buying a 10% share of the company.
The US Fed policymakers have revealed that due to growing inflation and weak spending, it is set to stick to its policy of keeping interest rates higher for longer.
Meta platforms has revealed that it would demand an extra 30% charge for boosting posts from businesses that use iOS versions of Instagram and Facebook.
Reuters has reported that Japanese supermarkets have been stocking more chicken meat, as inflation has caused more expensive meat consumers to switch to cheaper alternatives.
The Natwest Bank has reported a stunning 20.00% increase in earnings in 2023. However, the bank has revised downwards expectations for 2024.
The Japanese tech giant Sony has partnered up with the hard drive company Seagate Technology to mass produce new drives that would meet the AI caused demand.
Despite the UK economy entering a recession, in January, Retail Sales have increased 3.4%. However, the optimism is not warranted, as the sales have dropped -3.3% in December, which in nominals terms is a larger sum than the recovered amount.
The sports apparel brand Nike intends to fire nearly 2.00% of its workforce, which amounts to 1,600 employees. Reportedly, the company struggles to cut costs after experiencing a decline in profits in 2023.
The US Securities and Exchange Commission has allowed Truth Social to merge in a blank-check acquisition deal. Meanwhile, the company is being valued near 10$ 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.