News

Note: This section contains information in English only.
Tue, 13 Aug 2024 03:30:03 GMT

Canadian and US firms increase layofs

Reuters has released a report on how US and Canadian companies have continued to reduce employee numbers in an effort to continue to cut costs.

Mon, 12 Aug 2024 21:30:04 GMT

Retail buys the stock drop

Reuters has published a report that reveals that various research firms have shown that the recent global stock drop was bought by mostly the retail investors and traders.

Mon, 12 Aug 2024 18:30:04 GMT

Palantir deploys AI

Palantir Technologies have announced that they would deploy an Artificial Intelligence Platform on Microsoft cloud platforms.

Mon, 12 Aug 2024 15:30:05 GMT

US still buys Burger King and Tim Hortons

The parent company of Burger King, Restaurant Brands International has managed to pass market expectations for quarterly earnings, as demand for Burger King and Tim Hortons fast food has remained resilient.

Mon, 12 Aug 2024 12:30:03 GMT

BMW recalls vehicles

The German carmaker BMW has announced a recall of 100,000 vehicles in the United States due to an issue with starter motor.

Mon, 12 Aug 2024 09:30:04 GMT

Allianz warns about public debt

The Chief Executive Office of one of the top European investment firms, Allianz, Oliver Baete has commented that high public debt is posing risk to sovereign bonds.

Mon, 12 Aug 2024 06:30:06 GMT

Travel companies reduce forecasts

Due to a decrease of US consumer spending, various travel companies have reduced their 2024 income forecasts.

Mon, 12 Aug 2024 03:30:09 GMT

Embraer passes expectations

The Brazilian jet maker Embraer has revealed that the firm's quarterly profits have increased by 40%. In addition, the firm has reported rising plane delivery numbers, which indicates at a continuation of the profit growth trend.

Fri, 09 Aug 2024 21:30:03 GMT

US becomes top German trade partner

The United States have become the top trading partner of Germany. The US have overtaken China, which had been German top trade partner for eight years.

Fri, 09 Aug 2024 18:30:05 GMT

Foreigners sold Japanese stocks

Exchange data has revealed that, in the aftermath of the Bank of Japan rate hike, foreigners sold off Japanese stocks for a total value of $7.33 billion. The selling occurred during the week ending August 2nd.

Fri, 09 Aug 2024 15:30:04 GMT

Consumers run out of savings

Consumer and luxury goods firms have experienced a stock decline. The sell-off is attributed due to the fact that consumers around the world have run out of accumulated savings and are no longer adapting to price increases.

Fri, 09 Aug 2024 12:30:04 GMT

J.P. Morgan increases recession odds

The major US bank J.P. Morgan has raised its recession by end of 2024 expectations to 35%. In the meantime, markets have priced in a 50 base point rate cut by the Fed in September, which signals that the economy might need saving as soon as mid-September.

Fri, 09 Aug 2024 09:30:06 GMT

Traders lose billions on bet against VIX

In the aftermath of Monday's sell-off and VIX spike, traders shorted the volatility index in expectations of the market calming down. However, as reported by Reuters, various market participants have lost billions, as the VIX moved higher during mid-week.

Fri, 09 Aug 2024 06:30:04 GMT

Goldman comments on market sell-off

Goldman Sachs analysts have revealed to their clients that in their opinion, the worst part of the market sell-off is over. However, there might be additional losses and big directional bets should not be taken.

Fri, 09 Aug 2024 03:30:05 GMT

Viasat increases expectations

Telecommunications firm Viasat has increased its 2025 profit expectations due to increasing demand for satellite communications from the aviation and defence sectors.

Thu, 08 Aug 2024 21:30:03 GMT

Car sales decline in China

Data for July has revealed that car sales in China have continued to decline for a fourth month straight. On an annual basis, vehicle sales have decreased by 3.1%.

Thu, 08 Aug 2024 18:30:04 GMT

Delta is sued by passengers

The passengers of the US airline Delta have sued the firm due to the airline refusing to refund flights that were cancelled during the recent CrowdStrike outage.

Thu, 08 Aug 2024 15:35:03 GMT

US mortgage rate declines

The average 30-year mortgage rate has declined in the United States. The decline is seen as a signal of upcoming Federal Reserve interest rate cuts.

Thu, 08 Aug 2024 15:30:10 GMT

Mars wants to buy Kellanova

The owner of such brands as Snickers and M&Ms, Mars has reportedly been evaluating the acquisition of Kellanova, the maker of Pringles and Cheez-It.

Thu, 08 Aug 2024 12:47:09 GMT

Eli Lilly manages to deliver new drugs

The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%.

Thu, 08 Aug 2024 12:35:20 GMT

US unemployment claims are below expected

The US statisticians have published the weekly Unemployment Claims numbers. Released numbers are below market expectations, which is causing a recovery of the US Dollar and the US stock markets.

Thu, 08 Aug 2024 12:35:03 GMT

Siemens beats expectations

The German industrial firm Siemens has passed market analyst forecasts for the quarterly profits. The firm has profited due to its clients upgrading electric infrastructure.

Thu, 08 Aug 2024 12:30:05 GMT

Neuralink has second trial patient

Elon Musk has revealed that the new Neuralink implant has been implanted into the brain of a second trial patient.

Thu, 08 Aug 2024 09:30:04 GMT

Hugo Boss focuses on costs

The fashion brand Hugo Boss announced that, due to a 42% drop in quarterly operating profits, the firm would concentrate on cost reductions in an effort to increase profitability.

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