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Price Jump Software Company Oracle on Hesitant Wall Street
Oracle made a price jump of more than 10 percent on the stock exchanges in New York on Tuesday, which rebounded cautiously after the sell-off the day before. Investors welcomed the quarterly results of the software company, which posted…
IMF Likely to Cut Further Economic Growth Forecast
The International Monetary Fund (IMF) is likely to lower its growth forecast for the global economy even further next month, partly because of the consequences of the war in Ukraine.
An IMF spokesman said: In April, the forecast…
Vaccine Maker Novavax Rises on Slightly Lower Wall Street
Novavax rose 4 percent on the New York stock exchange on Wednesday. Investors welcomed the news that a panel of FDA regulators has recommended that Novavax's corona vaccine be approved for adults in the United States.
Panel…
EasyJet will Cancel a Number of Flights This Summer Due to Busy Schiphol
EasyJet has "proactively" cancelled a number of flights from Amsterdam to London Gatwick and London Luton before the summer. The British low-cost airline does this because of the large crowds at Schiphol, where the airline is one of the…
Toshiba has Received Eight Non-Binding Takeover Bids
The Japanese conglomerate Toshiba, still financially weakened after a major accounting scandal in 2015, has received eight non-binding takeover bids, in addition to two bids for a partnership, the company announced.
The deadline to…
Wall Street Remains Closed for Memorial Day
The stock exchanges in New York will remain closed on Monday for the celebration of Memorial Day. On that day, fallen American soldiers are commemorated.
Trading on Wall Street will resume on Tuesday.
Investors in New York this…
Cloud Company VMware Rises on Recovering Wall Street
VMware made a price jump on the stock exchanges in New York on Monday due to takeover speculation around the cloud company. The mood on Wall Street was positive after recent price pressures fueled by concerns about high inflation.
…
Chinese Angry That They Do Not Stay Dry Under Gucci’s Umbrella
The Chinese lash out on social media platform Weibo at the 'umbrella' that luxury brand Gucci and sports brand Adidas have jointly marketed there.
They write that the converted 1500 euro product cannot even stop the water. The…
Walmart Falls on Positive Wall Street After Disappointing Data
On Tuesday, Walmart was among the largest decliners on the New York stock exchanges, which rebounded sharply after the recent price declines.
The supermarket group made less profit than expected last quarter due to higher costs for…
EU and US Create Warning System for Impending Semiconductor Shortages
The European Union and the United States are joining forces to detect possible shortages of semiconductors (chips) earlier. In this way, they want to make their economies more resilient to supply chain disruptions.
In Paris on…