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.
The BHP group announced this week that Anglo American has rejected an updated buyout despite BHP increasing the buyout sum from $38 billion up to $42.67.
Chinese government is set to start the issue of new bonds for a total value of 1 trillion Yuan. The borrowed funds are going to be used to stimulate the national economy.
The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected.
The Wall Street Journal has reported that Intel is about to close $11 billion deal with Apollo. Apollo Global Management is set to provide Intel funds to build a new factory in Ireland.
United States auto manufacturer workers of the Mercedes-Benz plant in Alabama have decided to vote upon whether to join the United Auto Workers union. The vote could result in follow up worker demands from the company.
Leader of the US Senate Majority Chuck Schumer has urged the Federal Trade Commission to "pump the breaks" on Chevron acquiring Hess corporation.
Retail giant Amazon has revealed that it would invest $1.3 billion in France. The investment is set to create new 3,000 jobs.
The Japanese major bank SoftBank has reported that it has managed to profit in the first quarter of 2024. Profits have been attributed to using artificial intelligence solutions.
Due to overall low returns, investors in Europe have started to invest on their own and dump the services of hedge funds. The trend has resulted in a 8-year low level in European hedge fund assets.