- Mon, 10 Jun 2024 07:30:04 GMT
Google fires employees
CNCBC has reported that Google has fired around 100 employees in the company's cloud unit. Most fired employees had sales, operations and consulting roles.
- Mon, 10 Jun 2024 03:30:05 GMT
Factory activity recovers
Data for May has revealed that global factory activity has been recovering due to a slowdown of the decline in Europe and an increase in Asia.
- Fri, 07 Jun 2024 19:30:03 GMT
Americans avoid hotels
In April, lower income Americans have been booking fewer hotel stays, which has been alarming the industry analysts that a broader decline could be upcoming.
- Fri, 07 Jun 2024 15:30:04 GMT
Euro Zone manufacturing recovers
The manufacturing sector of the European Union has been signalling that data for May is set to show a recovery of the sector.
- Fri, 07 Jun 2024 12:35:51 GMT
US employment data shakes the markets
The United States Bureau of Labor Statistics has published the monthly US employment data sets. Employment situation in the United States is much better than expected. US Dollar reacted to the news by jumping, as the Dollar index immediately moved from 104.05 up to 104.60.
- Fri, 07 Jun 2024 11:30:04 GMT
IATA comments on airline taxation
The International Air Transport Association has commented that the United Nations should not change the way airlines are taxed by keeping taxation in the headquarter country of the airline.
- Fri, 07 Jun 2024 09:11:22 GMT
Gold drops on news from China
The price for gold suddenly plummeted starting from 08:00 GMT, as the price dropped from 2,373.80 down to 2,345.50. This move was caused by the reveal that the Chinese government has ended its 18 month streak of buying gold around the world in order to create reserves.
- Fri, 07 Jun 2024 07:30:04 GMT
Spotify raises prices
The music streaming service has announced a price increase in the United States for the premium subscription plans. The firm intends to increase its profit margins.
- Fri, 07 Jun 2024 03:30:03 GMT
Airlines increase expectations
As various airlines have continued to report that demand for travel has been picking up, the full-year industry profit forecast has reached a total of $30.5 billion.
- Thu, 06 Jun 2024 19:30:03 GMT
Markets evaluate Trump's trial
Despite Donald Trump being ruled as guilty at the court case in New York, the financial markets price in a high chance that the former President would return to the White House.
- Thu, 06 Jun 2024 15:30:04 GMT
Qatar Airways negotiates with plane makers
It has been revealed that Qatar Airways have been in talks with Boeing and Airbus about a major order of wide-body passenger jets.
- Thu, 06 Jun 2024 12:18:00 GMT
European Central Bank cuts interest rates
For the first time in five years, the ECB has reduced its Main Refinancing Rate. The rate has been cut from 4.50% down to 4.25%. This rate cut was expected, as ECB policymakers had kept talking about it to the media since the start of the year.
- Thu, 06 Jun 2024 11:30:05 GMT
Zara expands in EU and US
After experimenting with live shopping in China, Zara has started to offer same experience in European countries and the United States.
- Thu, 06 Jun 2024 07:30:04 GMT
Tesla wants to sell FSD EVs in China
Reuters has reported that Tesla intends to offer Full-Self-Driving electric vehicles in the Chinese market during this year.
- Thu, 06 Jun 2024 03:30:04 GMT
Maersk faces congestion
Due to congestions in Asian and Mediterranean ports Maersk is set to skip westbound sailings from Asia that were set to depart in early July.
- Wed, 05 Jun 2024 19:30:04 GMT
Macron pressures Canada
In an effort to help Airbus, the President of France Emmanuel Macron has been asking the Canadian government to ease sanctions on Russian exported titanium.
- Wed, 05 Jun 2024 15:30:11 GMT
Fed officials reveal opinions
Recent comments made by US Federal Reserve officials have revealed that the USD policymakers do not expect inflation to increase, due to which the Dollar base interest rate could be kept unchanged.
- Wed, 05 Jun 2024 14:33:57 GMT
ASML stock surges due to CFO comments
The Chief Financial Officer of ASML Roger Dassen has revealed that the firm expects new orders from its top customer Taiwan Semiconductor Manufacturing Company in the upcoming quarter. These news caused a 7.56% surge of the company's stock price. The price went from 872.90 EUR up to 940.00 EUR by mid-day.
- Wed, 05 Jun 2024 11:30:06 GMT
Chinese factory activity increases
Reuters has published poll results that indicate that in May Chinese factory activity has highly likely continued to increase.
- Wed, 05 Jun 2024 07:30:04 GMT
Sony engages PlayStation users
Due to a decline in hardware sales, Sony has been coming up with more ways of how to more engage PlayStation users.
- Wed, 05 Jun 2024 03:30:04 GMT
GameStop experiences another pop
The stock price of GameStop has once again jumped up, before retracing back down. The most recent pop was caused by retail traders finding out that Keith Gill holds $116 million in GME June call options.
- Tue, 04 Jun 2024 19:30:03 GMT
Cruise operators offer discounts
Travel agencies and company websites indicate that cruise operators are forced to use discounts to full the bookings for their summer cruise routes.
- Tue, 04 Jun 2024 15:30:04 GMT
Toyota sales decline
The global sales volumes for Toyota declined in April. Biggest drops have been reported in China and Japan.
- Tue, 04 Jun 2024 11:30:04 GMT
PwC uses OpenAI tech
It has been reported that the accounting firm PwC is set to become the largest customer of OpenAI enterprise tools, as the firm has been using the enterprise ChatGPT version.