On Monday, commodity prices and stock indices surged across the world due to the financial markets agreeing upon the expectations of an upcoming US Federal Reserve rate cut.
Over the weekend, the President of Iran passed away in a helicopter accident. The death was called as a reason for a surge in oil prices by 0.5%. However, the move in oil prices appeared to other analysts as an extension of last week's started surge.
The Chinese tech firm Huawei has upgraded its strategy and started to open new type of stores in China that are aimed at competing with Apple stores.
A group of US Senators has revealed a new plan for the development of AI technology. The plans also include government funding for the sector.
Due to a sale of $5 billion of mortgage warehouse loans to JPMorgan, the stock price of the New York Community Bank has surged.
This week, GameStop, AMC and other stocks that rallied during the 2021 Meme Stock surge have once again shot up, as GameStop price surge is measured in hundreds of percent.
Amazon Web Services have announced plans to invest $8.4 billion in cloud infrastructure in Germany.
The Mitsubishi UFJ Financial Group has reported lower than forecast quarterly profit decline. Moreover, the bank has raised its 2024 financial expectations to a minor profit. The news caused a surge of the bank's stock price.
Reuters has reported that due to its work with Russian clients Raiffeisen bank could have its access curbed to the US Dollar system.
German insurer Allianz has passed market expectations by posting a 22% increase in first quarter profits, as property and casualty segments increase gains.
A group of TikTok creators have filed a suit that demands to block the US government decision to force TikTok to divest or even ban the law.
The Chinese tech firm Xiaomi has become the eight largest electric vehicle start up in China by launching the SU7 EV model.
Mizuho Financial Group has reported that its profits surged in the fourth quarter of 2023, as even increased expectations have been passed.
The share price of the Japanese tech giant Sony has surged 12%, as the firms has announced new buybacks, and an improved divided plan. Moreover, the firm expects higher future profits.
Supplier of Apple Foxconn has increased its quarterly profits by 72%. However, the markets expected even more from the firm, which is causing a decline of the firm's stock price.
Investors have revealed that they expect the BHP group to make another increased takeover offer to Anglo American.
Due to pressure from competition, the creators of ChatGPT have announced that they are going to offer a new AI model named GPT-4o.
US statisticians have published consumer price index and retail sales data sets. Both inflation and consumer shopping were expected to have increased. In general, the data showed that prices have risen less than expected. However, retail sales are unchanged.
The Japanese tech giant Sony has announced that it expects higher profits from the image sensor segment. Moreover, the firm intends to do a stock split.
In April, the Indonesian economy experienced a record trade surplus of $3.56 billion, which beat market forecasts.
Bank of America has surveyed its investors and found out that they are the most bullish since November 2021. The November 2021 marked the top in various speculative assets.
The Wall Street Journal has reported that Walmart is set to fire hundreds of its corporate staff. Moreover, other employees are forced to relocate.
The pharma giant Bayer has reported a decline of profits in the first quarter of 2024. However, due to the decline being lower than forecast, the stock price of the company rallied.
The Vice Chairman of the Federal Reserve Phillip Jefferson has recently stated that despite the central bank attempting to clearly communicate with the public, it is experiencing issues.