Last News

Output in Germany fell slightly in the third quarter, official data showed Monday, increasing the risk of a recession in Europe’s biggest economy.Gross domestic product dropped 0.1% in the July-to-September period compared with the previous quarter, when it grew 0.1%, ...

Coca-Cola and PepsiCo’s stocks have struggled this year, hurt by higher interest rates and investor concerns about the possible negative impact of weight loss drugs like Wegovy.Despite that, both companies topped Wall Street’s estimates for their third-quarter results and raised ...

The e-commerce titan this week announced revenue of $143.1 billion for the quarter ending in September, showing a 13% rise from the same period last year and outstripping analysts’ estimates.The retailer reported quarterly profits of $9.9 billion, also beating estimates. ...

Mercedes-Benz shares fell sharply on Thursday after the German carmaker reported a decline in profit and revenue as challenges from electric-vehicle competition and unstable supply chains affected its performance.Frankfurt-listed shares were down 6%, putting the stock on course for its ...

Google’s parent company Alphabet reported 11% revenue growth in the third quarter, as a return in advertising bumped expansion into double digits for the first time in more than a year. However, company shares dropped almost 7% in late trading ...

Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said this year’s bank collapses have sent investors looking for alternatives to the traditional banking system, while there is also anticipation of a slowdown ...

The U.S. Commerce Department is expected to report third-quarter gross domestic product this week. Analysts keenly await this measure, which is the broadest measure of economic output. Early indications point to a strong period of economic growth from July through ...

U.S. home sales dropped in September to the lowest level since the foreclosure crisis as surging interest rates and climbing home prices made buying a home more challenging.Historically low inventory of homes for sale continued to push prices up and ...

Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years. The company also missed on third-quarter revenue of $23.4 billion, up ...

Shares in Adidas gained 4% at the open on Wednesday after the sportswear company raised its guidance for the year in a surprise third-quarter results pre-release.The German sportswear giant projected a full-year operating loss of 100 million euros ($106 million), ...

Chinese technology firm Baidu has unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the most advanced versionof OpenAI’s ChatGPT.Company officials say the tool has significantly improved its understanding of queries, generation of ...

Data from independent think tank The Money Mongers has revealed that since 2011, crypto hacks have costthe industry $12.36 billion, 30.74% of which came from 192 cryptocurrency exchanges that cumulatively lost $3.8 billion to cybercriminals.The report highlighted that 297 crypto ...

Oil prices on Friday climbed more than 4% after the U.S. tightened sanctions against Russian crude exports. The U.S. on Thursday imposed sanctions on two shipping companies carrying Russian crude that it said violated the G7′s oil price cap of ...

Last month, U.S. Federal Reserve representatives reached a consensus on maintaining elevated interest rates for an extended period as part of their strategy to combat inflation, as revealed in recently released meeting notes.The discussion also included whether it was the ...

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering (IPO).Shares in the company will be priced at $46. This would be in the middle of the company's $44-49 target, giving ...