The Chinese semiconductor index has reached a 3-year-high level, as the markets speculated that a potential ban of TSMC exports to China could boost the local firms.
Bitcoin has surged past $80,000, hitting a new all-time high following the US election results and after news that Charles Hoskinson will be joining U.S. government to participate in implementation of crypto policy in the United States.
Reuters has reported that the Chinese government has ordered Chinese carmakers to pause investment in EU countries that backed the recent electric vehicle tariffs.
Due to strong sales of Skyrizi and Rinvoq, AbbVie has increased the firm's 2024 profit forecasts.
The foodstuff firm Kraft Heinz has announced that it is decreasing it 2024 sales forecast due to the observation of declining demand.
Reuters has revealed that the Italian government is preparing to sell its stake in Monte Paschi on the market, as it has failed to find a buyer for the stake. A sale in market, not to a certain buyer, is set to cause a price decline.
Reuters has revealed that Volvo Cars intends to oust Northvolt from a common electric vehicle battery venture.
Standard Chartered has announced that it will double investment in its wealth unit and decrease focus on retail banking.
Aston Martin has recently revealed that it has lost fewer funds than forecast, during the third quarter of 2024.
The US Federal Reserve cut interest rates at 19:00 GMT on Thursday. The central bank reduced the base rate, as expected, by 0.25%. The current rate stands at 4.75%.
As the Chinese banking sector has reported quarterly financial results, it has been observed that the sector has managed to remain profitable, despite declining margins.
The US carmaker has been forced to recall 33,000 RAM trucks. The National Highway Traffic Safety Administration has ordered the recall due to issues with electronic stability control.
The banking group UBS has reported that in the third quarter of 2024 it has almost doubled the market consensus net profit forecast. UBS has made $1.4 billion instead of $740 million.
At 12:00 GMT, Bank of England has decided to cut interest rates. New official Bank rate of GBP has been reduced by 0.25%. New rate is at 4.75%.
Mondelez International has revealed that demand for candies and biscuits remains steady despite increased prices.
A recent report by Visa has revealed that consumer spending remains resilient, as clients continue to spend on travel and dining out.
Chipotle has reported that the recent price hikes have not resulted in higher revenues, which indicates that the firm can not continue to increase earnings without additional investment.
Due to additional revenue, the parent company of Snapchat has started a $500 million stock buyback program.
Reddit has revealed in its recent quarterly report that the firms has made additional revenue from AI content licensing.
Electronic Arts have raised their 2024 booking forecast due to outperformance of sports games. The news were the catalyst of an ongoing stock surge.
The Wall Street Journal has reported that Visa intends to fire 1,400 employees and contractors due to a cost-cutting program.
On Thursday, the EU enacted tariffs on Chinese made electric vehicles, which demand up to 45.3% of the car price. Moreover, the recent tariff investigation is set to result on tariffs on Tesla.
Analysts have spotted that ship cruise operators have found that purchasing whole islands and turning them into theme parks has turned into a profitable business. The firms have lifted ticket sales by as high as 50% by sailing clients to the newly created parks.
The stock price of Ford has recently been experiencing a decline due to a broader increase of supply issues and cost increases.