Crunchmarkets’s info on the world of finance
Airbus, the renowned aircraft manufacturer, announced its third-quarter earnings on Thursday, surpassing the forecasts of market analysts. The company remains confident in its annual projections for the year. The third quarter witnessed an impressive operating profit, a significant indicator of profitability, of €1.41 billion. This represents an increase of 39% […]
Chinese tech giant Xiaomi has unveiled the sports car variant of its SU7 electric vehicle, with pre-orders starting from over $110,000. The renowned smartphone manufacturer has already delivered more than 20,000 SU7 EVs in October, as it continues to expand its electric car business in the highly competitive market. Xiaomi, […]
Mexico City, Mexico – On Tuesday, Pemex, the Mexican government-owned oil firm, announced a significant increase in third-quarter net losses, reaching 161.3 billion pesos ($8.2 billion). This figure is almost double the losses of approximately $4.5 billion recorded during the same period last year, as per the company’s statement to […]
Chinese self-driving company, WeRide, was listed on the Nasdaq on October 25, 2024. This event, along with several other high-profile listings outside mainland China, has sparked renewed optimism among investors for potential profitable exits. Despite increased scrutiny from regulators on listings of Chinese companies in the U.S. and Hong Kong […]
“US shares experienced an upward trend on Monday, enhancing recent advancements as market players gear up for a bustling week filled with high-level economic statistics and quarterly earnings, notably from the tech industry. Around 12:55 ET (16:55 GMT), the Dow Jones Industrial Average saw an upsurge of 286 points, translating […]
Chinese smartphone manufacturer, Honor, unveiled new AI capabilities during a recent event. The company’s CEO, George Zhao, made the announcement in Shanghai on the 26th of June, 2024. Honor, which is a subsidiary of Huawei targeting the premium device market, stated that the new version of its Android-based Magic operating […]
The Taiwan Semiconductor Manufacturing Company (TSMC) halted deliveries to Sophgo, a China-based chip designer, after a chip manufactured by TSMC was discovered in a Huawei AI processor. This revelation was brought to light by two individuals closely involved in the matter. The chips ordered by Sophgo from TSMC were identical […]
Morgan Stanley is broadening the utilization of OpenAI’s generative artificial intelligence tools in its prestigious investment banking and trading department, according to sources familiar with the matter. The company initiated an AI assistant powered by OpenAI’s ChatGPT tech for its wealth management advisors in early 2023 and has recently started […]
Brazil’s environmental protection agency, IBAMA, has slapped a hefty fine of 365 million reais ($64 million) on several cattle ranches and meat processing firms, including the globally recognized JBS SA, for their involvement in illegal deforestation activities in the Amazon. The fines are a result of these entities raising or […]
Apple’s CEO, Tim Cook, unveiled the Apple Card at an event at their headquarters in Cupertino, California, back in March 2019. However, recent news indicates that the Consumer Financial Protection Bureau (CFPB) has imposed penalties exceeding $89 million on Apple and Goldman Sachs for mishandling customer disputes linked to Apple […]
