Year: 2024

BMW reported a 61% drop in third-quarter profit on Wednesday, falling short of analyst expectations due to weak sales in China and issues with its brake systems. However, the automaker reaffirmed that it remains on track to meet its revised full-year financial targets. In a statement, BMW CEO Oliver Zipse…

European stock markets rose on Wednesday, following Wall Street’s lead as Republican candidate Donald Trump appeared poised to win the US presidential election. By 03:02 ET (08:02 GMT), Germany’s DAX index was up 0.6%, France’s CAC 40 had gained 0.7%, and the UK’s FTSE 100 rose by 0.8%. **Trump Declares…

Trump has pledged to implement heavy trade tariffs on China, intensifying economic pressure on the country as it struggles with ongoing deflation and a prolonged slump in the property market. This week, attention is also on the National People’s Congress in China, where more insights are expected regarding Beijing’s plans…

Global investors were increasingly betting on a victory for Republican Donald Trump late Tuesday, as the former president took the lead in the U.S. presidential race, with results from key battleground states still pending. U.S. stock futures, the dollar, Treasury yields, and bitcoin all saw gains—signals that analysts and investors…

U.S. stock index futures inched higher on Monday evening, recovering some of the ground lost during recent trading sessions. This came as investors adopted a cautious stance ahead of a busy week, with a tight presidential election and a Federal Reserve meeting on the horizon.  Futures for the S&P 500,…

Shares of Associated British Foods (ABF) (LON:ABF) rose by 4.1% to £2,383 on Tuesday after the company reported results that exceeded expectations.  ABF posted a pre-tax profit of £1.917 billion, slightly surpassing analysts’ estimates of £1.873 billion. Primark, the company’s key retail unit, delivered operating profits that beat forecasts, while…

An uneasy calm settled over currencies and bonds as investors awaited the outcome of the U.S. presidential election, with polls indicating a tight race. Meanwhile, expectations of increased government spending in China helped lift Chinese stocks. The MSCI Asia-Pacific index, excluding Japan, edged up by 0.3%, while Japan’s Nikkei, returning…

Burberry’s new CEO, Joshua Schulman, faces a tough challenge in reversing the fortunes of the British luxury brand, which has seen a significant decline in sales and a 40% drop in its share price this year, fueling speculation about a potential takeover. While the broader luxury sector has struggled amid…

UBS analysts view OPEC+’s decision to extend production cuts through December as a modest but favorable move for short-term oil prices. The extension keeps the reduction at 2.2 million barrels per day (Mb/d), part of an agreement established last year. UBS highlighted that while this decision aligns with their forecasts,…

The U.S. Supreme Court is preparing to review requests from two tech giants—Meta’s Facebook (NASDAQ:META) and Nvidia (NASDAQ:NVDA)—to dismiss federal securities fraud lawsuits in separate cases that could complicate private litigants’ ability to hold companies accountable. Following a trio of Supreme Court rulings in June that weakened federal regulators, including…