Samuel Nwite
AUTHOR: Samuel Nwite
BMW to Cut Up to 8,000 Jobs in Germany as Weak China Demand, EV...
BMW will eliminate several thousand jobs in Germany by the end of 2027 through a voluntary redundancy programme, becoming the latest major European automaker...
Meta Shares Tumble As AI Spending Crushes Cash Flow And Weak Outlook Overshadows Revenue...
Meta Platforms' shares fell nearly 10% in extended trading on Wednesday after the social media giant issued weaker-than-expected revenue guidance and revealed that its...
Microsoft Fourth Quarter Results Beat Estimates As Azure Growth Accelerates, AI Business Tops $100bn
Microsoft delivered stronger-than-expected fiscal fourth-quarter results on Wednesday, driven by accelerating growth in its Azure cloud business and continued demand for artificial intelligence services.
The...
Wall Street Tumbles as Fed Split, Rising Treasury Yields and Oil Surge Rattle Investors
U.S. stocks suffered their sharpest selloff in weeks on Wednesday as a hawkish Federal Reserve decision, surging Treasury yields, rising oil prices and renewed...
Doubleline’s Gundlach Says Fed May Need Rate Hikes To Restore Inflation Credibility As Bond...
DoubleLine Capital CEO Jeffrey Gundlach said the U.S. Treasury market is sending a clear message to the Federal Reserve that if policymakers are serious...