News

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Mon, 01 Jul 2024 07:24:36 GMT

US charges Boeing

United States authorities have announced that they would criminally charge Boeing for fraud in the two cases that investigated airplane crashes.

Fri, 28 Jun 2024 11:13:01 GMT

Fisker recalls vehicles

The electric vehicle maker Fisker has announced the recall of more than 8000 vehicles due to an issue with exterior doors.

Thu, 27 Jun 2024 21:30:04 GMT

Federal Aviation Administration issues new directive

The US FAA has adopted a new directive that would force 13 Boeing airplanes to be grounded for repairs. The FAA has received reports of structure cracks around the lavatory service panel.

Thu, 27 Jun 2024 18:30:03 GMT

US oil imports reach new high level

In May, crude oil imports into the United States have reached a record high not seen since July 2022. The US imported 3.1 million barrels per day. Moreover, imports have remained around the 3.0 million barrel mark throughout June.

Thu, 27 Jun 2024 15:35:03 GMT

Tencent experiences major success

The newest Tencent Holdings game Dungeon & Fighter has managed to dominate app download charts for almost a month. The success of the game is expected to result in major earnings.

Thu, 27 Jun 2024 15:30:04 GMT

Volkswagen experiences stock price decline

Shares of the German automaker Volkswagen have declined, as the firm has announced a $5 billion investment in Rivian. In general, the decline is caused by the uncertainty of the investment deal.

Thu, 27 Jun 2024 12:30:04 GMT

NVidia stock recovers

This week, the stock price of NVidia has resumed its broader surge, as the profit taking that followed the 10-for-1 stock split has ended.

Thu, 27 Jun 2024 09:30:05 GMT

KKR buys real estate from Quarterra

Investment company KKR has bought real estate assets from Quarterra Multifamily for nearly $2.1 billion. The assets consist of 5,200 rental units across various US states.

Thu, 27 Jun 2024 06:30:04 GMT

BlackRock keeps board seats

The world's top investment advisor BlackRock has managed to keep board seats at six closed end funds. BlackRock was being threatened by a vote to replace directors at the funds by Saba Capital Management.

Thu, 27 Jun 2024 03:30:04 GMT

Japan reviews GDP

The Japanese Government has announced that it has to review the latest GDP data due to corrections in construction order data. The new GDP is set to be published on July 1.

Wed, 26 Jun 2024 21:30:04 GMT

Volkswagen invests in Rivian

It has been revealed by Volkswagen that it will invest almost $5 billion in the US electric vehicle producer Rivian. Stock price of Rivian surged by nearly 50% on the announcement.

Wed, 26 Jun 2024 18:30:05 GMT

Aston Martin introduces new car

The UK car producer Aston Martin has revealed a new car model Valiant to be sold in the fourth quarter of the year. The new car is inspired by the Formula One champion Fernando Alonso.

Wed, 26 Jun 2024 15:30:05 GMT

WestJet receives strike notice

On Wednesday, the Canadian airline WestJet Airlines announced that it has received a second strike notice from its engineer union.

Wed, 26 Jun 2024 12:30:04 GMT

US judge rejects Visa and MasterCard settlement

US District Judge Margo Brodie has rejected a $30 billion antitrust settlement in the Visa and MasterCard case. The firms had agreed to reduce fees for merchants that use their payment cards.

Wed, 26 Jun 2024 09:21:49 GMT

Zurich Insurance buys part of AIG

It has been announced by Zurich Insurance that the firms would buy AIG's travel insurance and assistance unit for a total of $600 million.

Wed, 26 Jun 2024 09:11:52 GMT

EU share value surges

During Wednesday's trading hours, European stock indices gained value, as risk on sentiment increased in the global markets.

Mon, 24 Jun 2024 15:30:04 GMT

US trade deficits increases

In April, the United States trade deficit increased due to the imports outpacing export growth. The trade deficit has reached $74.6 billion.

Mon, 24 Jun 2024 11:30:04 GMT

Lyft raises forecasts

The ride-hailing firm Lyft has announced that it expects to grow its gross bookings by 15% annually until 2027.

Mon, 24 Jun 2024 07:30:05 GMT

Robinhood invests in crypto

The trading platform Robinhood has announced a $200 million cash buyout of the crypto exchange Bitstamp.

Mon, 24 Jun 2024 03:30:09 GMT

Starbucks partners up with Grubhub

The coffee shop chain Starbucks has announced that it would partner up with Grubhub food delivery service to deliver beverages.

Fri, 21 Jun 2024 19:30:04 GMT

US regulators investigate big tech

The New York Times have reported that US antitrust regulators have started investigations of Microsoft, Open AI and NVidia. Regulators are interested in how these firms have come to dominate the AI sector.

Fri, 21 Jun 2024 15:30:03 GMT

Meta faces pressure in the EU

European Union advocacy groups have asked EU officials to stop Meta from using personal data to train its artificial intelligence models without user consent.

Fri, 21 Jun 2024 11:30:04 GMT

China comments on EV subsidies

The Chinese government has announced that it has not used electric vehicle subsidies that are banned by the World Trade Organization.

Fri, 21 Jun 2024 07:30:03 GMT

German industrial orders decline

In April, the orders for industrial goods in Germany had declined on a month on month basis by 0.2%. The markets expected orders to increase by 0.5%.

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