Despite most companies managing to increase sales in an environment of rising costs, Aston Martin has suffered from both lower sales and rising costs, in the first quarter of 2024.
The firm has increased its annual profit forecasts. However, the CEO Emma Walmsley has revealed that the pace of growth could decrease.
The British retailer next has reported higher than expected quarterly sales numbers. Meanwhile, the firm has kept its future profit forecasts unchanged.
The ex-President of the United States Donald Trump has increased his stock stake in the Trump Media & Technology Group from 57.6% up to 65.0%.
Starbucks has reported that the firm would reduce its annual sales expectations due to a decline of demand in China and the United States.
Tech giant Microsoft has expanded in South East Asia by opening a regional data centre in Thailand. The new data centre is the first one of its kind in the region.
The comments done by Bank of Japan about monetary tightening and the intervention in the markets done last week have failed, as the Yen has continued to lose value. The markets are aware that the Bank of Japan cannot reach its inflation target without a decline in the national currency.
BNP Paribas has reported that United States investors have been buying up commercial real estate in London at a rate not seen for eight years.
The obesity drug maker Eli Lilly has revealed that the firm expects 2023 sales to be larger by $2 billion than it was previously expected.
The latest release of the US Employment cost index has revealed that the costs have increased by 1.2%, which was higher than the expected 1.0% increase. These news are signalling an upcoming surge in inflation.
Reuters has published a report which indicates that European car makers like Mercedes, Stellantis and Volkswagen have all experienced a decline in demand for new vehicles.
This week, Walmart announced a new label food brand "bettergoods" that is set to expand the firm's offer.
Despite suffering a 10% decline in iPhone sales, Apple has managed to bear quarterly financial forecasts by a slight margin. However, the stock is surging due to a different reason. The company has announced share buybacks that would amount to a total of $110 billion.
The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. US Dollar index has reacted to the news with an initial drop downwards below 105.00.
Due to increased demand for electronics, 3M has managed to beat the quarterly earnings estimates. The news caused a 5.00% surge of the firm's stock price.
Defence Company Leidos Holdings is increasing its 2024 revenue expectations, as it is experienced high demand for weaponry.
This week, Meta announced that its risk mitigation process is sufficient and the firm will not have an issue with a recent investigation that was started by the European Commission.
Bottler of Coca-Cola HBC has beaten its revenue estimates due to high demand of the products.
The fashion group Hermes has revealed that it would defend itself against a lawsuit that has been filed by Birkin.
Satellite firm SES has announced that it would buy Intelsat for a total of $3.1 billion. The firm intends to use debt to make the acquisition, which caused a drop of SES stock price.
The Japanese monetary policy maker Bank of Japan has revealed that increasing prices and wages are set to increase household income and cause more inflation that would allow the country to reach the 2.00% inflation target.
German car maker Mercedes-Benz has revealed that despite a profit drop in the first quarter of 2024, the firm would not reduce prices.
United States are set to reclassify cannabis as less dangerous drug, which would reduce penalties associated with growing, use and distribution. The news caused a major surge of weed stocks.
The GDP of Germany has avoided a recession due to an increase of economic in activity in the construction and export sectors.