BP reported its lowest quarterly earnings since 2020, impacted by sliding crude prices and lower refining margins. The British energy giant recorded an underlying replacement cost profit of $2.3 billion for the July-September period, slightly above m...
The DAX index ticked up 0.2% on Friday, driven by fresh optimism in Germany’s economic landscape, as investor confidence grew with the first positive shift in business sentiment in six months. Top DAX performers included Daimler Truck Holding AG, wit...
The euro has extended its slide against major currencies, with the EUR/USD pair dipping below the crucial 1.08 level—its lowest since early August. Over the past month, the euro has lost over 3% against the US dollar, weakened by economic concerns an...
Tesla shares spiked 10.7% after reporting third-quarter earnings that surpassed analysts' expectations. The company posted earnings per share of $0.72, exceeding the $0.58 forecast, while revenue hit $25.18 billion, just short of the $25.37 billion e...
Boeing's latest quarterly report shows a significant surge in losses, with the company posting a net loss of $6.2 billion, a steep rise from $1.6 billion the previous year. The commercial airplane division, which has been facing operational difficult...
Bitcoin has seen a significant increase since September, fueled by central banks' easing monetary policies and market speculation about the upcoming U.S. presidential election. In the past week, Bitcoin rose by 9%, contributing to a total increase of...
Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred inves...
Netflix experienced a significant increase in its stock price, rising nearly 7% after announcing third-quarter earnings that surpassed expectations. The streaming giant reported earnings per share of $5.40, exceeding the consensus estimate of $5.12....
Bitcoin surged to nearly $68,400 on Wednesday, marking its highest level since July. This rally has extended beyond bitcoin, boosting other cryptocurrencies and crypto-related equities. Bitcoin's price has climbed over 9% in the past week, while ethe...
Dutch semiconductor equipment giant ASML saw its shares plummet by 16%, wiping out approximately $52.99 billion in market value. The sharp decline followed the early release of its third-quarter results, which included a lower-than-expected sales out...
Ericsson's shares rose by 7.6% on Tuesday following the release of its third-quarter earnings, which outperformed market expectations. Earlier in the day, the stock had climbed nearly 9% before settling at its current level. The Swedish telecom...
China plans to significantly increase government debt issuance to stimulate economic growth, focusing on subsidies for low-income households, support for the property sector, and capital injections into state banks. The announcement reflects the...
Saudi Arabia's Public Investment Fund (PIF) has allocated $5.2 billion from $8.5 billion raised through green bonds for projects as of June 2024, marking a significant increase from $1.3 billion the previous year. Green bonds are issued to finan...
The euro has fallen to a two-month low against the US dollar, largely driven by the release of the Federal Reserve's recent meeting minutes. The currency, which had seen strength earlier in the year, has now slipped by 2.3%, dropping from 1.12 to jus...
In a significant move set to attract billions in foreign investment, South Korean and Indian government bonds will be added to FTSE Russell's global indices by 2025. South Korean government bonds will be included in the FTSE World Government Bond Ind...
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