It has been revealed by Reuters that the strike that has shut down three Stellantis factories is set to end and production would restart in early May.
The airline Air France- KLM has reported higher than expected quarterly losses, as the firm has faced higher costs.
US monetary policy makers, who decide upon the supply of the US Dollar, have just announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected.
The electric vehicle maker Stellantis has missed its quarterly revenue expectations by revealing a 12% drop in the earnings.
The International Monetary Fund is set to disburse $1.1 billion in an effort to help the Pakistani economy.
Last night, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak.
Data for April has revealed that Chinese services and factory activity has slowed down their growth. The economy has continued to grow, but at a slower pace than previously.
The US restaurant chain McDonalds has revealed that due to the Middle East boycotts it has missed its quarterly revenue forecasts.
Latest data from the Confidence Board has revealed that Consumer Confidence in the United States has decreased to 97.0. Moreover, the prior reading has been downwards revised to 103.1.
The US machinery production firm Caterpillar has revealed that it expects sales to decline in the next fiscal quarter due to weakening demand.
The banking group Barclays has reported a 12% decline in quarterly profits. However, the stock of the bank has surged, as markets expected a broader income decline.
UK pharmaceutical giant AstraZeneca stock has experienced a surge due to the firm reporting a quarterly revenue increase of 19.00%.
The Chinese electric battery maker CATL has revealed a new LFP battery that promises to increase electric vehicle range to 1,000 km.
Danone and Nestle have reported that consumers around the world are either buying premium or cheap class products, as demand for middle segment has been dropping.
Screen producer LG Display has returned to losing money, as the firm has reported a financial loss of the first quarter of the year. The firm has been hit by weakening demand for TVs and smartphones.
The Gross Domestic Product for South Korea in the first quarter of 2024 has surpasses market expectations. The economy has grown by 1.3%, compared to the forecast 0.6% growth.
In the first quarter of 2024, Hyundai has suffered due to weak sales in South Korea. The firm's quarterly profits have declined by 2.4%.
A major deal is being done in the mining sector. The BHP Group has revealed that it would like to acquire Anglo American for a total of $38.8 billion. These news caused a surge of the AAL stock, as BHP intends to pay a 31% premium on current stock price.
President of the United States Joe Biden has decided to grant Micron Technology a grant for up to $6.14 billion that would allow the firm to build two new factories in the United States.
The US telecom firm has managed to pass Wall Street analyst expectations for new subscriber growth. More people have bought up the firm's high end unlimited plans.
Investors of Tesla, who sued against Musk's $56 billion pay has asked Delaware judges to keep the case in the state, as Musk has tried to move his legal home to Texas.
Chief Executive Officer of HSBC Michael Roberts has recently stated in an interview that wealthy clients from China and Hong Kong are investing in the US markets, despite recent decline.
For the first time in seven quarters, Boeing has experienced a decline in quarterly revenues, as the firm has had to delay its plane deliveries. The company experienced quality issues with production during the first part of 2024.
United States Supreme Court has indicated that it is supporting Starbucks in its objection to a judge's order to rehire seven employees that pushed for employee unionization.