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Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Despite these financial setbacks, ...

Inflation has driven hotel prices and travel costs in Türkiye to unprecedented levels, prompting a surge of Turkish tourists to Greece. Turkey experienced a staggering 75.4% inflation rate in May, largely due to soaring costs in hotels, cafes, and restaurants. ...

Spot ether exchange-traded funds (ETFs) are set to begin trading on Tuesday, sparking hope among crypto enthusiasts that it will broaden the investor base for Ethereum. These ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, ...

Global stock markets, hampered by an extensive technology outage, ended the week negatively due to a significant decline in major technology stocks, particularly those in the semiconductor industry. This downturn is driven by the anticipation of renewed US chip export ...

The euro and the British pound surged against the US dollar, with gold prices hitting a new high before retreating on Wednesday. This shift comes from growing expectations of rate cuts by the Federal Reserve, which have weakened the dollar. Following ...

On Wednesday, tech stocks took a major hit as investors offloaded the giants driving this year's massive rally. The Nasdaq Composite index plunged by 2.8%, marking its steepest drop since December 2022. Meanwhile, the S&P 500 fell by 1.4%, contrasting with ...

Shares of Novo Nordisk and Eli Lilly fell on Wednesday following the announcement of promising early-stage trial data from Roche’s latest obesity drug candidate. Roche reported that its experimental once-daily pill demonstrated an average weight loss of 6.1% over four ...

The investing world is brimming with optimism about artificial intelligence. According to Goldman Sachs, tech firms, utilities, and other companies plan to spend over $1 trillion on AI infrastructure in the coming years. This enthusiasm is reflected in the performance of ...

Goldman Sachs economists suggest that a second term for Donald Trump could significantly impact the euro area’s economy. Growing market expectations of a Trump win have prompted analysis of potential repercussions, particularly concerning trade policy, defense spending, and U.S. domestic ...

Precious metals like gold and silver rebounded in July as expectations for major central banks, particularly the US Federal Reserve, to initiate rate cuts increased. Gold futures for August delivery rose approximately 3.4%, or $78 per ounce, from their low ...

Delta Air Lines anticipates record revenue for the third quarter driven by strong summer travel demand. However, the projection fell short of expectations as fare discounts offset expanded flight capacity. The airline expects a sales increase of no more than 4%, ...

Volkswagen shares fell on Wednesday after the company issued a profit warning and revealed it might close an Audi plant in Brussels. The automaker has revised its forecast for operating return on sales to a range of 6.5% to 7%, ...

Chinese electric vehicle giant BYD has committed to building a $1 billion car manufacturing plant in Turkey. This investment aims to address the increasing demand for new energy vehicles in the region and enhance access to European consumers.The move comes ...

Despite early selling, French government bond markets remained relatively stable on Monday following the second round of legislative elections. Initially, the 10-year French government bond yield increased by 3 basis points but soon settled at 3.221% by mid-morning in London. ...

The cryptocurrency market experienced a significant downturn as over $170 billion was wiped off its value. It was largely driven by investor concerns surrounding the nearly $9 billion payout to users of the defunct bitcoin exchange, Mt. Gox. Bitcoin dropped nearly ...