The UK cinema operator Cineworld has announced a new restructuring plan that would include a bankruptcy, which is expected to wipe out shareholder value.
Boeing Company has revealed that it expects to return to 2019 737 MAX jet production numbers in 2025.
The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at 0.4%,
The Chinese conglomerate Alibaba has joined in the AI tech hype, as the company has showed off its Ai that should be implemented in various apps.
In China consumer and factory prices have reportedly declined, as low demand has caused a price drop not seen since June 2020.
The Swiss Bank Employees Association has announced that Credit Suisse and UBS should stop firing employees despite the emergency merger.
Crude oil price benchmarks surged on Tuesday, as the Chinese government announced stimulus, which is expected to increase demand for energy products.
During Tuesday's Asian trading hours, the US Dollar index declined back to early Monday's levels and erased prior gains.
The price for Bitcoin reached above the 30,000 level on this morning, as news of additional stimulus in China boosted most of financial markets.
The US carmaker Ford Motor Company has announced that it would implement dramatic reductions in product complexity starting from 2024.
The German banking regulators have revealed that banking client complaints had increase by 20% during 2022.
Amazon has announced that the company would reduce its employee stock awards, which were part of compensation plans.
Apple has expanded by setting up its first retail store in Mumbai. The company has announced that India has become a large market that cannot be ignored.
US banks have been observed as trying to promote deposit lock in options that would pay larger interest. The sector appears to be working on avoiding bank runs.
The results of a recent Reuters poll has revealed that the surveyed economist do not expect the Bank of Canada to decrease interest rates during 2023. The central bank appears to be set to continue with strict monetary policy.
The FedEx Corporation has announced that it would merge various businesses in an effort to increase efficiency and decrease costs.
Reuters has reported that the EU would make a deal on multi-billion subsidy plan for the semiconductor industry on April 18.
The President of the Cleveland Federal Reserve Bank Loretta Mester has stated that the US Federal Reserve needs to continue to hike interest rates and reach above 5.00% to reduce inflation to 2.00%.
General Motors has announced that nearly 5,000 employees have been laid off via a buyout compensation program.
Walmart has announced that the company intends to automatize 65% of its stores by 2026.
The Reserve Bank of New Zealand has increased interest rates by 0.50% instead of the expected 0.25%. The Official Cash Rate of the central bank has reached a 14-year high level.
Due to the Wirecard scandal the German regulators would ban EY from auditing companies with public interest for the next two years and fine the firm for 500,000 EUR.
McDonalds has temporarily shut down US offices and has reportedly started to lay off employees.
Tesla has revealed that the company has reached record car deliveries, which have increased by 4.00%. However, the company has achieved so by cutting prices on most of its models.