Most Asian stocks embarked on a steady rise on Thursday morning, offsetting the losses incurred due to the continued breakdown of trade relations between China and Australia. This breakdown plummeted to a new low after Chinese officials a formal suspension of economic dialogue with Australia, as the Asian superpower...
Canadian auto parts manufacturing company Magna International reported on Thursday that its quarterly profit skyrocketed by more than 136%, as heavily increased vehicle demand led to a surge in the purchase of body structures, chassis, and powertrains. This quarterly profit increase sees Magna's full-year revenue outlook experience its own...
With jobless claims hitting their lowest point since the start of the coronavirus pandemic, signs increasingly point to a rapid economic recovery, which in turn has driven stock prices down. Most major groups in the S&P 500 slipped, with energy and tech stocks experiencing the largest declines. The Nasdaq...
A Reuters poll predicts that in 2021, the U.S. economy will grow at its fastest year-over-year pace in decades. However, it also predicted that COVID-19 would continue to be a hindrance over the next three months.
Economic forecasters have been increasingly optimistic recently, predicting that the American economy will grow...
Bank of America Corp joined its biggest rivals in capitalizing on the stock market bonanza that occurred this year. With the NYSE enduring a wild ride, BofA experienced a 17% rise in sales and trading throughout the first quarter, with equities and underwriting more than tripling.
During a conference call...
American investment giant JPMorgan Chase & Co announced on Thursday its intention to contribute up to $2.5 trillion over the next decade to companies and projects investing in climate change and social justice initiatives. During an official statement, the company declared that $1 trillion of this investment package would go...
Indian property development company Prestige Estates Projects Ltd. will be taking over a Mumbai housing project from the bankrupt Ariisto Developers Pvt. following a court decision on Tuesday. The Bangalore-based firm already plans to launch the first phase of the housing project by May this year, while the second...
The U.S. Department of Labor released its latest weekly report on jobless claims on Thursday, which revealed that over 770,000 Americans filed unemployment claims in the past week. This figure comes as a shock to analysts, particularly given the improving environmental conditions such as warmer weather and new social...
With inflation concerns and a cooling Asian market rocking economic conditions, the value of oil continues to decline, resulting in the longest losing streak in over a year. This comes as U.S. benchmark West Texas Intermediate endures its fifth straight day of losses.
The price of crude oil had decreased...
An array of European stock markets opened higher on Tuesday morning, despite the ongoing challenges faced by European Union member states in terms of their vaccine rollout campaigns. Following reports of blood clotting, several European nations including France, Germany, Italy, and Spain have suspended their rollout of the AstraZeneca...