The Financial Times has reported that Apple is set to receive a 500 million Euro fine from the European Union officials.
Spending on travel during the Lunar New Year holidays in China has beaten the 2019 level, as it has surged by 47.3% on a year on year basis.
The Chinese central bank, the Peoples Bank of China has kept its base interest rate at 2.50%, as it follows the example of the US Federal Reserve.
The New York Stock Exchange has set the electric vehicle start up Fisker a non-compliance notice, as the stock of the company has closed below $1.00 mark for more than 30 days. In general, the stock should be moved to basket of penny stocks.
The US retailer Amazon has joined Trader Joes and SpaceX in the claims that the US National Labor Relations Board violates the US Constitution. The agency has been fighting against Amazon's efforts against labor unions.
Bloomberg has reported that the United States government intends to subsidize Intel with more than $10 billion.
Due to gaps in trade reporting, JPMorgan is set to receive a $350 million fine. The company has responded that it has caused no harm to clients or the market.
The New York Times has reported that the AI firm OpenAI has finalized a stock deal that pushes the valuation of the company to $80 billion.
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.