The media entrepreneur Byron Allen has offered $30 billion for the company Paramount Global. The deal would result in the Allen media Group acquiring the company with all its equity and debt.
The miracle weight –loss drug Wegovy producer Novo Nordisk has revealed that it expects another year of double digit sales growth, as the company enters new markets and increases production in the US.
The Chinese government has announced that it would use new support measures to help the real estate sector in the aftermath of the liquidation of Evergrande.
The International Monetary Fund has revealed that it forecasts the global economy to recover and experience a soft landing instead of a recession due to an ongoing decline in inflation.
The Carnival Cruise Lines have announced that the company expects its annual earnings to decline due to rerouting of ships from the Red Sea passage.
The United States Federal Housing Finance Agency has revealed that in November house prices increased at the fastest rate in 11 months. Home prices have increased by 6.6% on an annual basis.
Recent European economic data has revealed that due to a slowdown in the German economy the whole euro zone has stagnated during 2023.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.
Due to a continuous decline of sales in the last quarter of 2023, the Chief Executive Officer of H&M Daniel Erver has resigned effective immediately. The stepping down of the CEO and the bad results have caused a 10.00% drop of the company's share price.
Advanced Micro Devices has reported lower than expected revenues and earnings per share. The news have caused a major sell off of all chip company stocks.
Nasdaq eVestment has revealed that in 2023 investors have taken out more than $100 billion from hedge funds.
The United States carmaker has revealed that it expects US economy to remain resilient, which would strengthen the company's sales.
The Japanese automaker has announced that 50,000 US vehicle owners have to stop driving and immediately repair their cars due to a potential air bag explosion.
The Elon Musk's Neuralink company has succeeded at implanting a brain chip into a human. Initial results have reportedly shown promising results.
The US airplane maker Boeing has withdrawn its submission to the US Federal Aviation Administration for a safety exemption for the 737 MAX 7 aircraft.
Toyota Motor has announced its 2023 results. The firm remains the top global automaker for the fourth year in a row with yearly sales of 11.2 million cars.
The Volkswagen group has announced that despite recent turmoil the company would stick to its investment timeline in the new PowerCo battery unit.
Due to US exports controls, the semiconductors testing equipment firm Teradyne has pulled out $1 billion in manufacturing out of China.
Rates for air freights have surged since the attacks on shipping in the Red Sea. Most recently, due to the Chinese Lunar New Year, freight rates have increased by as much as 6.4% over the span of a week.
The stock price of the German agriculture company Bayer have plummeted nearly 6.00%, as a court order is forcing the company to pay out $2.25 billion in damages to a man from Pennsylvania.
Reuters has reported that Archer-Daniels-Midland has delayed paying out performance bonuses to executives due to not finalizing an audit.
The now largest company of the world by market capitalization Microsoft is expected to report a 15.8% gain in quarterly revenues, as AI has boosted income.
The Chinese real estate giant Evergrande has been ordered to liquidate. The crash of the giant is causing a major Chinese stock sell off.
The UK airline Ryanair has told Boeing that it can buy the 737 MAX 10 planes that had been refused by airlines after a recent US government ruling. Ryanair has stated that it would acquire the planes for a "right price".