This week, the stock price of Intel declined due to increasing losses at the firm's contract chip producing business. These losses indicate that the company would struggle years to catch up with its rival TSMC.
The stock price of the Chinese electric vehicle maker BYD has started a decline due to the company reporting a decline in sales in the first quarter of 2024.
The market capitalization of the Chinese tech firm Xiaomi has surged by $7.6 billion, as the stock price surged after the company announcing that it would produce electric vehicles.
The tech firm Google has been forced by a California lawsuit to destroy billions of record of client browsing history. It has been revealed by the lawsuit that Google has been tracking and gathering data of users that were using private browsing.
The World Bank has revealed that job creation in South Asia has been lagging the growth of population, which indicates at upcoming increase of unemployment.
In an effort to avoid regulators of various countries, Microsoft has decided to separate MS Office and MS Teams by selling the Teams app separately from the Office software.
The World Bank has raised its 2024 GDP growth forecast for Sri Lanka to 2.2%. The country has been recovering after securing a $2.9 billion loan from the IMF.
The Swiss banking group UBS has announced that it would buy back its shares for a total amount of $2 billion.
In March, the growth rate of Indian factories has hit a 16-year high level. Moreover, factories have continued to hire workers, which indicates at continuous trend.
The stock price of Tesla plummeted nearly 7.00% at the start of Tuesday's US trading. The drop was caused by the company reporting that it has delivered 386,783 new vehicles in the first quarter of 2024. The market consensus forecast was that the company would deliver 431,000.
The Vice President of Bank of China Zhang Yi has commented that the bank's net interest margin is set to continue to face pressure during 2024.
The release of the United States Institute for Supply Management data has revealed that US production has increased of the first time since September 2022.
The top European Union's court has recently rejected Amazon's request to cancel the demand to make it's add repository available to the public.
Wendy's and McDonald's have reported that the two companies have been observing a decline of turnover, as low income consumer have abandoned the consumption of fast food. The firms consider below $50,000 per-year earners as low-income.
The member of the Governing Council of the European Central Bank Martins Kazaks has revealed that he expects the ECB to cut rates in June.
The pharmacy firm Moderna has secured $750 million in financing from Blackstone to develop new flu vaccines.
The German broadcasting company ProSieben has urged shareholders to vote against the MFE-MediaForEurope proposal to split up the firm. MFE is the top stock holder of ProSieben.
Two US manufacturers have joined forces to source and create solar panels that could be marked "Made in USA" which would allow solar project developers to use federal subsidies.
Reuters has reported that despite the end of a major employee layoff Citigroup has fired ten additional researchers in the Asia Pacific region.
The United States National Highway Traffic Safety Administration has announced that Subaru of America has to recall almost 119 thousand vehicles due to an airbag deployment issue.
UBS has decided to sell $8 billion of Credit Suisse securities products to Apollo Global Management. The bank has been selling off non-core assets of the collapsed banking group.
The major decline of the Japanese Yen to 1990 levels has been attributed to the recent surge of the Japanese stock index, the Nikkei.
As Turkey, China and UAE have increased compliance with US sanctions on Russia, Russian oil companies have reportedly faced increased number of issues with collecting payments for oil shipments.
The clothing retailer H&M has beat quarterly financial result expectations, as the firm has experienced a recovery at the start of the spring.