Heineken has revealed that the company expects an increase of beer consumption in Europe to offset an ongoing decline of demand in Asia.
The stock price of Tesla started the day's trading with a -8.00% gap down to $166.10. The stock drop was caused by the company's earnings revealing that the company's gross profit margins have reached a two year low level.
The electric vehicle maker Tesla has announced that it would cuts its prices for a sixth time in a row in an effort to boost demand.
The Chinese government has revealed plans to stimulate the country's economic recovery by boosting local consumption.
The stock price of Netflix has reacted to the most recent quarterly results. In general, the company reported better than expected earnings, but revealed that it expects lower income in the future.
The President of the St. Louis Federal Reserve James Bullard has stated to Reuters that he expects no incoming recession and the US Fed should continue to hike interest rates to stop the rampant inflation.
The latest United Kingdom Consumer Price Index has been revealed to be at 10.1%, compared to the forecast of 9.8%. The data indicates that inflation remains persistent.
At the start of Wednesday's European trading hours, the price for Bitcoin sharply dropped, as it reached near the 29,000.00 mark that has not been touched since April 10.
Merck & Co has announced that it would buy Prometheus Biosciences for nearly $10.8 billion, which is $200 per share.
The workers of the Tesla Shanghai factory have appealed to Elon Musk on social media to stop planned cuts of performance bonuses.
In the aftermath of Tesla reducing its prices, Renault has decided to review the pricing of its electric vehicle models.
The Bank of Japan Governor Kazuo Ueda has stated at a news conference that the central bank would stick to its set ultra-loose policy course.
Due to the President of the US Joe Biden not implementing actions in retaliation to the OPEC+ production cut, various economists have announced that the vent signals an upcoming economic slowdown.
The head of the Belgian Central Bank Pierre Wunsch has stated that the ECB has to increase the rate of its asset sales and continue with 0.50% percent base interest rate hikes to stop the stubborn Euro zone inflation.
During the last week, the US Dollar index booked weekly losses not seen since 2020. The USD decline has been attributed to the lower than expected US inflation data sets that were published during the week.
Prices for crude oil recently declined due to the International Energy Administration stating that the recent OPEC+ output cuts could hurt oil product consumers.
The results of a recent economist survey done by Reuters has revealed that the GDP of China might increase by 5.4% in 2023. However, most of the growth is expected to be caused by the recovery from the coronavirus pandemic.
Contrary to economist expectations, in March Exports from China have increased. Some analysts attributed the increase to a filling of orders that were previously disrupted by 2022 Covid restrictions.
The US Dollar has spiked nearly 0.40% against peer currencies due to the publication of worse than expected US monthly Retail Sales data. US Retails Sales declined by 1.0% instead of the expected 0.4% and Core Retail Sales have decreased by 0.8% compared to the forecast -0.4%.
The bankrupt cryptocurrency exchange FTX has recovered nearly $7.3 billion of its assets, which is an increase of $800 million since January.
The parliament of Switzerland has rejected a government's proposed 109 billion CHF aid package for the merger of UBS and Credit Suisse.
Elon Musk has revealed that Twitter has roughly broken even, as it has fired nearly 6,500 employees.
Bloomberg has reported that KPMG has been fined 1.25 million GBP for errors made in work on Luceco's books in 2016.
The car maker Volvo has published record first quarter profits, as the company has increased its margins and revenue despite supply issues and inflation.