Economy news

Foxconn, the leading supplier for Apple and a global manufacturing giant, has decided to withdraw from a $19.5 billion joint venture project with an Indian conglomerate. The project aimed to establish semiconductor and display manufacturing facilitie...

US companies experienced a significant and unexpected surge in hiring activity during June, as reported by independent sources. The private sector added 497,000 jobs last month, surpassing economists' projections of 228,000 jobs.While independent ass...

On Thursday, Hong Kong stocks experienced their most significant decline in four months following Goldman Sachs' downgrade of major Chinese banks due to local government debt risks and the US Federal Reserve's hawkish outlook.The Hang Seng (HSI) Inde...

Siemens Energy shares plummeted by over 37% after the company heavily revised its profit forecast and issued a warning that the troubles plaguing its wind turbine unit could persist for several years, causing significant financial strain.Siemens Ener...

A trade war between China and the United States over the future of semiconductors is heating up after Beijing imposed export controls on two crucial raw materials, gallium and germanium. These materials are essential for the global chipmaking industr...

Apple Inc’s stock market value ended Friday’s trading session above $3 trillion for the first time ever, as improving inflation led to strong sales.Apple is the world’s most valuable company. At the end of last week’s trading, shares leapt 2.3% to $1...

Food price inflation, albeit slowing, is still high in many parts of the world. In Italy, compared with last year, pasta prices jumped by just over 12% in June. In the UK, a block of cheddar cheese was 38% more expensive than in May of last year.&nbs...

Stock futures in the technology and banking sectors are having a strong run in the lead up to the end of the second quarter and first half of the year.The Dow Jones Industrial Average futures are up by 150 points, or 0.45%. S&P 500 futures have g...

UBS Group is planning to slash more than half of Credit Suisse's workforce starting next month. The cuts will primarily be felt by bankers, traders, and support staff in Credit Suisse's investment branch locations in Londonand New York, although almo...

Delta Airlines announced on Tuesday that it had increased its second-quarter forecast and expects its full-year adjusted earnings to reach $6 per share, which is at the higher end of the estimates it provided last April. This positive outlook is driv...

The Bank of England (BOE) raised interest rates by half a percentage point on Thursday due to unexpectedly persistent inflation. This move will put more strain on people with mortgages and will load additional pressure on house prices.With this 13th...

More Americans than ever are saving for retirement, and an increasing number of them are doing this through investments in 401(k) plans. This trend has brought about a significant change in the investment landscape, as power on Wall Street has become...

The UK's economy is stuck in a growth "doom loop" from decades of insufficient investment by both the government and businesses, says the Institute for Public Policy Research (IPPR). According to the think tank, the UK has contributed $500 billi...

France is actively positioning itself as the go-to destination for artificial intelligence (AI) technology in Europe.French President Emmanuel Macron said in a recent television interview, “I think we are number one in AI in continental Europe, and w...

Investors were looking for clues on the future directionof interest rates and eagerly awaited data that could shed light on the state of the economy, leading to an increase in shorter-term Treasury yields on Friday.The 2-year Treasury yield experienc...