BASF, a global leader in the chemical industry, has recently reported its preliminary figures for 2024, revealing a significant downturn in expected earnings. Trading activity on Monday reflected this pessimistic outlook, with shares dipping in response to a quarterly earnings before interest and taxes (EBIT) forecast of only €2 billion. This figure starkly contrasts with
Wall Street
In a significant announcement that underscores the evolving nature of corporate social responsibility, Target Corporation revealed its decision to eliminate its diversity, equity, and inclusion (DEI) program by the end of this year. This move reflects a broader trend among major U.S. retailers such as Walmart, Amazon, and Meta, who have faced mounting pressure from
The start of the new year witnessed a remarkable uptick in the stock market, particularly reflected by the S&P 500’s impressive climb of 3.7% over the initial month. This optimistic performance can primarily be attributed to an enthusiastic earnings season, which has seen nearly 85% of companies reporting substantial earnings per share (EPS) that outstrip
In an unexpected yet strategic maneuver, Boeing has pledged a substantial $1 million donation to the inauguration of President-elect Donald Trump. This decision places the aerospace giant alongside a roster of other influential corporations, such as General Motors, Ford, Microsoft, and Meta, all of whom are contributing to the inauguration festivities on January 20. Historically,
In a significant move that underscores the ongoing geopolitical tensions between the United States and China, the U.S. Defense Department announced on Monday the addition of several prominent Chinese technology firms to its “Section 1260H list.” This list identifies companies purportedly linked to China’s military activities and operations. Among those added are well-known entities such
The Spanish telecommunications giant, Telefonica, is on the cusp of a significant leadership transformation. Reports have surfaced indicating that SEPI, the state-owned investment fund, is advocating for the removal of current CEO Jose Maria Alvarez-Pallete, who has helmed the company since 2016. In his place, Marc Murtra, the current executive chairman of the defense company
As of Tuesday, TikTok’s accessibility on major platforms like Apple’s App Store and Google Play remained in limbo, following a turbulent weekend rooted in political actions. President Donald Trump’s executive order, signed just a day prior, aimed to postpone the imminent ban on the popular short-video application for an additional 75 days. This decision was
In the latest quarterly report, Nidec Corporation, a leading Japanese electric motor manufacturer, conveyed a mixed narrative regarding its financial performance. For the third quarter ending in December, Nidec recorded an operating profit of 54.5 billion yen (approximately $348 million), marking a 5% increase from the previous year’s figure of 51.8 billion yen. Such growth,
Burberry has reported a lesser-than-anticipated decline in quarterly comparable store sales, showing a 4% dip rather than the foreseen 12%. This news emerges as welcome relief for the British luxury brand and its stakeholders, hinting at an uptick in consumer confidence within the luxury market. The modest drop indicates a crucial turning point for Burberry
The landscape of artificial intelligence (AI) is rapidly evolving, and with it comes a wave of regulatory scrutiny from governments worldwide. As Alphabet’s Google navigates this intricate environment, the company is concentrating on shaping public understanding and policy regarding AI technologies. This effort is not merely about compliance but is envisioned as a proactive strategy