News Blog

Tesla’s China-made EV sales rose 2.4% in May from April – CPCA

U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.

‘Shadow Banks’ Account for Half of the World’s Assets—and Pose Growing Risks

The sudden failure this year of three sizable American banks demonstrated one way in which the financial system can “break” as the Federal Reserve and other central banks press a campaign to normalize interest rates.

China’s services activity picks up in May on improved demand- Caixin PMI

China’s services activity picked up in May, a private-sector survey showed on Monday, as a rise in new orders shored up a consumption-led economic recovery in the second quarter.

IMF chief says there’s no significant slowdown in lending and the Fed may need to do more

The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to change course with its rate-hiking cycle.

Oil prices rise after Saudi Arabia pledges more voluntary production cuts

Oil prices rose following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day.

Ryanair’s monthly traffic hits record high in May

Ryanair flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the Irish airline said on Friday.

MongoDB shares jump more than 20% after database company beats expectations and raises guidance

Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance.

Lululemon shares surge after reporting 24% sales growth, raising full-year guidance

Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs.

SentinelOne stock plummets more than 35% as annual guidance slashed, layoffs planned

SentinelOne Inc. shares dove more than 35% in after-hours trading Thursday, after the security-software company missed expectations with its financial results and executives slashed their annual guidance while planning layoffs.

Chemical makers to set aside $1.19 bln to settle PFAS-related claims in US

Chemical makers Chemours Co, DuPont de Nemours Inc and Corteva Inc said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States.

Broadcom CEO Sees Rising AI Chip Demand. Earnings Were Strong.

Broadcom CEO Hock Tan says generative artificial-intelligence applications will boost demand for the company’s chips.

Dell Earnings Crush Estimates, But Mixed Guidance Pressures the Stock

Dell posted unexpectedly strong earnings for its fiscal first quarter thanks to revenue that slightly exceeded expectations combined with some big cost reductions for components that were previously in short supply.

ChargePoint Earnings Beat Estimates but the Stock Is Falling. Here’s Why.

Electric-vehicle charging company ChargePoint reported better-than-expected sales and earnings Thursday evening.

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for two years, sending the legislation to President Joe Biden’s desk .

Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says

During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options.

China Is Set to Extend EV Tax Incentives as Sales Growth Slows

China is poised to extend incentives for electric-vehicle purchases as part of broader efforts to shake off a sluggish post-pandemic period.

Payrolls rose 339,000 in May, much better than expected in resilient labor market

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday.

Προ των πυλών του ΧΑ το Αεροδρόμιο Ελ. Βενιζέλος

Στην τελική ευθεία εισέρχεται το εγχείρημα της εισαγωγής του Διεθνούς Αερολιμένα Αθηνών (∆ΑΑ) στο Χρηματιστήριο Αθηνών. Εφόσον όλα εξελιχθούν ομαλά και οι συνθήκες στην αγορά παραμείνουν ευνοϊκές, η δημόσια εγγραφή αναμένεται να έχει ολοκληρωθεί μέχρι τα τέλη του έτους.

Mytilineos: Ανοιχτό το ενδεχόμενο αλλαγής έδρας ή dual listing – Εύκολος στόχος τα EBITDA άνω του 1 δισ. ευρώ

Ο κ. Μυτιληναίος δεσμεύτηκε ότι θα γίνει περισσότερο σαφής για τις προθέσεις της εταιρείας στις 27 Ιουλίου κατά την παρουσίαση των αποτελεσμάτων εξαμήνου.

ING: Και νέα αναβάθμιση για το ΑΕΠ της Ελλάδας – Βλέπει +1,9% για το 2023

Σε νέα αναβάθμιση των εκτιμήσεών της για την ελληνική οικονομία προχωρά η ING, και μάλιστα την ώρα που υποβαθμίζει τις προβλέψεις της για το σύνολο της Ευρωζώνης.