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.
The sentiment in the Japanese services sector has declined in March, as bad weather and increasing living costs have forced consumers to reduce spending.
The CEO of Ferrari Benedetto Vigna has revealed that the company would increase their expertise in electric vehicle battery cells. However, the firm has no plans to manufacture batteries.
Various luxury brand investors have been reducing their exposure to brand stocks, as a decline in demand in China has been observed. Consumers have been spending less in 2024, compared to 2023, when COVID restrictions were lifted.
The CEO of JPMorgan Chase has sent the annual letter to the bank's shareholders. The letter has been celebrating US economic power and leadership in the world.
In February, for a 23rd month straight Japanese real wages have been declining, as increasing inflation has offset wage increases. Recent union pressured salary raises have not improved the wellbeing of Japanese consumers.
Reuters has reported that the US President Joe Biden and the Japanese Prime Minister Fumio Kishida are set to discuss a potential revival of the first US bullet train project. The project would create a fast rail infrastructure in Texas.
The stock price of Trump Media & Technology Group has extended its decline by declining additional 12% on Monday.
During Tuesday's trading session, Asian stock indices rose. The surge was attributed to Asian stocks gaining from a broad surge in commodity prices. Gold, oil, copper have been reaching high levels.
The Taiwan Semiconductor Manufacturing Company has been approved to receive $6.6 billion in subsidies from the US government to create a new factory in Arizona.