According to UBS, it expects a better Q1 as a result of the growing impact of the interest rate slowdown, as well as the easing of COVID-19 restrictions in China and other Asian countries.
Ford has reduced its Mustang electric vehicle prices and is driving up production to match Tesla’s announced lead.
Ryanair said that they witnessed very strong bookings for the summer of 2023 with passenger bookings likely to touch a new all-time high.
Adani founder and chairman, Gautam Adani, has seen a massive slide in net worth as his company sees further losses in shares.
The US remains the global economy, and though the dollar is weakened, it is still appreciating in value when compared to its peers.
The new idea of reshuffling and rejuvenation is introduced after a scheme revealed last October to slash its employee base by five percent or 4000 jobs, as the company suffers from the recall of millions of ventilators used to treat sleep apnoea.
With the current outlook in the industry, most players in the memory chip ecosystem are gradually tapering their expectations as it concerns profitability, but are now more focused on survival.
Renault and Nissan recently announced that the French automaker would transfer 28.4% of Nissan’s stake into a French trust.
Back in January 2022, Elon Musk took to Twitter to offer the McDonald’s fast food chain to accept Dogecoin. The subject popped up again when a Twitter user Dogedesigner asked Elon Musk whether his offer is still open.
Apart from the declines in smartphone shipments in China in 2022, the country had a hard time with the persistent coronavirus pandemic.
Atlantic Money recently accused its more illustrious British rival Wise of undermining competition in the money transfer space.
Apart from Fidelity, another investment management company Blackrock also lowered its estimates for Ant in 2022.
Finance Minister Jeremy Hunt has implored companies to play a crucial role in British economic growth as the country angles for tax hikes.
Leading fintech Stripe is considering a public offering within the next year amid the broader tech selloff.
Intel CEO said the company will deal with “persistent economic headwinds” for at least the first half of the year.