In the aftermath of a company split, General Electric units appear to have started a reshuffle in management. The CEO of GE Aerospace Larry Culp has revealed that the CCO of the firm is set to step down in June.
On Thursday, Asian stock prices declined due to the high US inflation, which indicates that the United States Federal Reserve would have to hike its base interest rate. This would reduce the amount of capital available for investment into Asia.
The World Trade Organization has announced this week that after a drop in 2023, global trade should recovered by 2.6% in 2024 and 3.3% in 2025. Trade should recovered due to decreasing inflation. However, the WTO has already decreased its 2024 forecast from 3.3% to 2.6% and most recent inflation data has shown a return of inflation.
The German luxury brand Porsche has reported that in the first quarter of the year its total deliveries have declined by 4.00%, compared to Q1 of 2023.
US airline Delta Air Lines has revealed that it expects high travel demand to increase its current quarter earnings. The announcement caused a 3.00% surge of the company's stock price.
The Vietnamese authorities have ordered Netflix to stop distributing and advertising its games before April of 25, as the firm has not acquired the proper license.
In the aftermath of US monetary policy maker comments of no rate cuts during 2024 and a publication of higher than expected inflation, markets have moved their June rate hike expectations to September, despite evidence that there might be no cuts at all.
In the first quarter of 2024, Volkswagen has managed to increase global vehicle sales by 3.1%, compared to Q1 of 2023.
The US Bureau of Labor Statistics has published the US Producer Price Index data sets. Namely, price inflation change at the company level. It turns out that producer inflation has grown, but at an expected pace.
The European Central Bank has published its Main Refinancing Rate. The central bank has kept its rate at 4.50%, as it was expected by the financial markets.
Reuters has reported that recent higher than expected US consumer inflation data publication has forced investors to adjust portfolios, as there could be no interest rate cuts in 2024.
The UK pharmacy giant Astra Zeneca has announced an increase of the firm's dividend by 7.00% to $3.10 per share. Company's stock price reacted to the news with a 1.51% or 1.61 GBP.
In the first quarter of 2024, the sales of Mercedes Benz declined due to a supply issue in Asia. The total global sales have declined by 6.00%.
Due to risks to growth, the rating agency Fitch has reduced the credit rating of the Chinese government debt. The country has already experienced a downgrade from Moody's in December of 2023.
Electric Vehicle maker Tesla has made a deal ending the lawsuit over a 2018 car crash, during which a Model X vehicle running on autopilot killed a notable Apple engineer.
As the summer travel season has started, Airlines have faced a lack of airplanes. The issue has been attributed to issues at Boeing and Airbus facilities.
Due to the sale of its business in Argentina, HSBC is set to book a pre-tax loss of $1 billion.
The United States National Highway Traffic Safety Administration has ordered the recall of 43,652 Bronco Sport and Escape model cars due to a crack in fuel injectors.
In the aftermath of issuing a warning to China, the US Treasury Secretary Janet Yellen faces the decision to set or not to set tariffs on Chinese start up industries.
The US Bureau of Labor Statistics has published the United States inflation data. The US Consumer Price Index monthly change, Core CPI and annual CPI change have revealed that inflation is even higher than expected.
The ex-CEO of Tesla Martin Eberhard has stated that it is a shame hat Tesla would cancel the firm's low-cost car development plans.
Reuters has reported that Samsung could receive up to $6.6 billion in semiconductor subsidies from the US government to expand its operations in Texas.
US bank group Wells Fargo has increased its 2024 end year target for the S&P 500 to 5,535.00. This is the highest target among brokerages.
The Bangkok International Motor Show organizers have reported that during the show a 27.5% increase in orders has occurred, compared to 2023.