News

Note: This section contains information in English only.
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%.

Fri, 21 Jun 2024 03:30:04 GMT

US solar power hits new record

A recent report by the Solar Energy Industries Association of the United States has revealed that solar power has accounted for 75% of new energy capacity created in the US.

Thu, 20 Jun 2024 19:30:04 GMT

Union rejects American Airlines offer

The Association of Professional Flight Attendants has denied the offered American Airlines 17% pay increase.

Thu, 20 Jun 2024 15:30:05 GMT

Telecoms want to block US law

Telecommunications firm groups are seeking a way to stop a planned reinstatement of the net neutrality rules. The new rules would result in reinstating government oversight over broadband internet.

Thu, 20 Jun 2024 11:30:04 GMT

Amazon workers affiliate with Teamsters

The Amazon Labor Union has made an agreement to make an affiliation with the International Brotherhood of Teamsters, which is one of the largest labor unions.

Thu, 20 Jun 2024 07:30:08 GMT

BoJ's Ueda comments on bonds

Governor of the Bank of Japan Kazuo Ueda has stated that the central bank needs to reduce its bond purchases and exit massive monetary stimulus.

Thu, 20 Jun 2024 03:30:04 GMT

SEC comments on Ether ETF

The Chairman of the US Securities and Exchange Commission Gary Gensler has commented that the timing of trading of the Ethereum ETF depends on the speed of the issuers responses to SEC requests.

Wed, 19 Jun 2024 19:30:05 GMT

Yellen warns against AI

US Treasury Secretary Janet Yellen has announced at a speech that the use of AI in finance could cause significant risks, despite lowering transaction costs.

Wed, 19 Jun 2024 15:30:04 GMT

Hotels look at office buildings

Due to challenges with new construction, hotel firm executives have been looking into acquiring residential and office buildings to transfer into hotels.

Wed, 19 Jun 2024 11:30:03 GMT

US court overturns SEC rule

US appeals court has overturned an SEC oversight rules for private equity and hedge funds. The rule was aimed at creating more transparency about private funds to its investors.

Wed, 19 Jun 2024 07:30:05 GMT

NBA approaches major deal

The Wall Street Journal has reported that NBA could soon close a rights deal with ESPN, Amazon and NBC worth a total of $76 billion.

Wed, 19 Jun 2024 03:30:04 GMT

Brown-Forman beats expectations

The maker of Jack Daniels has beaten the quarterly financial results, as the demand for the drink has continued to remain strong despite recent price hikes.

Tue, 18 Jun 2024 19:30:04 GMT

Walmart pays out bonuses

Hourly wage workers of Walmart are set to receive a first time ever bonus payment. Pay bonuses could be received by nearly 700,000 employees.

Tue, 18 Jun 2024 15:30:04 GMT

Dollar Tree evaluates sale of business

The retailer Dollar Tree has revealed that the company has been looking for ways to sell off its spinoff firm Family Dollar.

Tue, 18 Jun 2024 11:30:06 GMT

Campbell increases sales expectations

Due to a recovery of demand, Campbell Soup has increased its annual sales expectations.

Tue, 18 Jun 2024 06:30:04 GMT

Alphabet names new CFO

The tech giant Alphabet has hired former Eli Lilly employee Anat Ashkenazi as the CFO of the firm. The two decade veteran employee of Eli Lilly is set to oversee Google's AI finances.

Tue, 18 Jun 2024 03:30:05 GMT

Fed is expected to cut rates

Results of a poll done by Reuters have revealed that the markets expect the Federal Reserve to cut interest rates two times during 2024. The first cut should occur in September.

Mon, 17 Jun 2024 19:30:04 GMT

EU court rules against McDonalds

A European court has ruled that McDonalds cannot use the term Big Mac for poultry products, as it has not been in use for five consecutive years.

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