- Wed, 17 May 2023 08:30:05 GMT
US Treasury comments on debt
The US Treasury Department has revealed that the US government remains on track to default on June 1, unless the US President and Senators manage to make a deal on a solution.
- Wed, 17 May 2023 06:30:05 GMT
Vodafone announces job cuts
The new CEO of Vodafone Margherita Della Valle has stated that the company would fire 11,000 employees over the span of next three years.
- Tue, 16 May 2023 15:30:05 GMT
Canadian housing market impacts BoC
A recent recovery in the Canadian housing market indicates that inflation would remain persistent in the country. Persistent inflation would forbid the Bank of Canada from easing monetary policy.
- Tue, 16 May 2023 13:53:45 GMT
Amgen and Horizon stocks plummet due to FTC
The US Federal Trade Commission has been reportedly preparing to block Amgen's acquisition of Horizon Therapeutics. As a result of the announcement, the stocks of both companies became highly volatile.
- Tue, 16 May 2023 12:30:05 GMT
China keeps rates unchanged
The People's Bank of China has decided to keep interest rates unchanged. However, market commentators expects the central bank to ease its policy in the near term future to support economic recovery.
- Tue, 16 May 2023 09:30:05 GMT
Japan's inflation slows down
Recent publication of Japanese wholesale inflation has revealed that the pace of price increases has slowed down. The new data is expected to decrease pressure on the Bank of Japan to tighten policy.
- Tue, 16 May 2023 06:30:05 GMT
Dollar reaches high level
Due to worries that high inflation is set to cause US monetary policy tightening the US Dollar has continued to gain value and this week hit a five-week-high level.
- Mon, 15 May 2023 14:30:06 GMT
Tesla once again raises prices
Tesla has announced another price increase for all of its vehicles. The company has been recently reverting its prior price cut policies.
- Mon, 15 May 2023 12:30:04 GMT
Musk reveals new Twitter CEO
The current CEO of Tesla and Twitter has announced that in six weeks a new female CEO would take over the management of Twitter. The Wall Street Journal has stated that the unrevealed CEO would be Linda Yaccarino of Comcast NBCUniversal.
- Mon, 15 May 2023 10:30:04 GMT
Audit finds issues in ECB supervision
The European Court of Auditors has announced that the European Central Bank has been lenient with supervising bank management of credit risk. Moreover, worst and highest risk cases have received the best treatment.
- Mon, 15 May 2023 08:30:05 GMT
Yellen comments on US debt
The US Treasury Secretary Janet Yellen has stated that it is uncertain when the US cash stores would run out. The current expectations point as early as June 1.
- Mon, 15 May 2023 06:30:08 GMT
Biden and Senate postpone meeting
The Friday meeting of US President Joe Biden and US Senate lawmakers that would discuss the potential US default has been postponed to this week.
- Fri, 12 May 2023 14:30:07 GMT
EU clears Microsoft and Activision deal
Reuters has reported that EU regulators might allow the $69 billion Microsoft acquisition of Activision on May 15.
- Fri, 12 May 2023 12:30:08 GMT
Disney stock price drops
Due to reported continuous streaming losses and decline in subscribers during the last quarter the stock price of Disney has experienced a decline.
- Fri, 12 May 2023 10:34:25 GMT
Biden and Senate postpone meeting
The Friday meeting of US President Joe Biden and US Senate lawmakers that would discuss the potential US default has been postponed to next week.
- Fri, 12 May 2023 10:30:07 GMT
Foxconn reveals profit decline
The main supplier of Apple, Foxconn, has stated that its first quarter profits have plunged 56%, which is the largest drop in three years.
- Fri, 12 May 2023 08:30:07 GMT
Yellen warns about US default
The US Treasury Secretary Janet Yellen has warned the US Congress that a possible US default would cause global economic downturn.
- Fri, 12 May 2023 06:30:07 GMT
Honda expects increase in profits
Despite missing fourth quarter expectations, Honda has announced that the carmaker expects its annual profits to have increased by 19% during 2022.
- Thu, 11 May 2023 14:30:05 GMT
Go First airline receives protection
The Indian airline Go First has been announced by authorities to have bankruptcy protection. Moreover, a moratorium has been placed on the airline's leases.
- Thu, 11 May 2023 12:33:15 GMT
US Producer Price Index shows growth
The United States Bureau of Labor Statistics has just released the United States Producer Price Index data. US Producer Prices and Core Producer Prices have increased 0.2% in April, compared to the previous decline experienced in March.
- Thu, 11 May 2023 12:30:06 GMT
Chinese companies reveal details on economy
Recently released Chinese company quarterly financial results have revealed to the world that despite an increase in dining, luxury and travel consumption other consumer sectors have lagged behind.
- Thu, 11 May 2023 11:09:41 GMT
Bank of England hikes rates
The BoE has just increased its Official Bank Rate from 4.25% up to 4.50%. The central bank has decided to hike only 0.25%, despite annual inflation in the United Kingdom once again being above 10.00% mark
- Thu, 11 May 2023 10:30:09 GMT
Airbnb expects decline
The rental booking firm Airbnb has revealed that it expects a decline in global bookings and a decrease of prices in the second quarter of 2023.
- Thu, 11 May 2023 06:30:06 GMT
Biden and McCarthy are divided on US debt
After the first meeting of US President Joe Biden and US House of Representatives Speaker Kevin McCarthy, the two parties have concluded that they are in a deadlock in regards to the US sovereign debt.