Volkswagen Announces $1 Billion Investment in Mexico for EV Business ExpansionThe Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered InnovationsAirbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter ExpectationsUber’s quarterly results have exceeded consensus. Uber’s third-quarter Gross Bookings reached $37.6 billion, a 22% increase from the previous year, which aligns with the guidance of $36.5 billion to $37.5 billion in the last quarter. Adjusted EBITDA was $1.28 billion, a 93% increase from the previous year, exceeding the guidance of $1.18 billion to $1.24 […]
Amazon's Record Earnings in 2023 Propelled by Strong Fourth-Quarter ResultsAmazon (AMZN) recorded its highest annual performance last year, propelled by strong fourth-quarter results. Amazon’s net sales for the fourth quarter were $169.9 billion, a 13.9% increase from the previous year. The company’s operating profit also saw a significant surge of 382.6% to $13.2 billion in the prior year. In the fourth quarter, the company […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF ImpactThe price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
European Commission Approves Korean Air-Asiana Merger with Conditions AttachedThe European Union (EU) Competition Authority (EC) has conditionally approved the merger of Korean Air and Asiana Airlines. With this, the merger has been approved in 13 out of 14 countries, leaving the United States as the lone exception. Late in the afternoon of the 13th, the EC posted on its website that it conditionally […]
Gap (GPS.N) Appoints American Fashion Designer Jack McCollough as Creative Director [AlphaEconomy=(Chicago) Paul Lee Correspondent] Gap, a leading U.S. healthcare company brand, has appointed U.S. fashion designer Zac Posen as creative director...
Turkey's Fighter Quest: Eurofighters Still in the Game After F-16 Deal [AlphaEconomy=(Istanbul) Correspondent Park Jung-won] Turkiye's interest in the Eurofighter Typhoon remains...
Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion The Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1 Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
Airbnb Surpasses Revenue Expectations, Eyes AI-Powered Innovations Airbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]
Uber Sees Significant Growth in Mobility and Delivery Demand, Exceeding Third-Quarter Expectations Uber’s quarterly results have exceeded consensus. Uber’s third-quarter Gross Bookings reached $37.6 billion, a 22% increase from the previous year, which aligns with the guidance of $36.5 billion to $37.5 billion in the last quarter. Adjusted EBITDA was $1.28 billion, a 93% increase from the previous year, exceeding the guidance of $1.18 billion to $1.24 […]
Amazon's Record Earnings in 2023 Propelled by Strong Fourth-Quarter Results Amazon (AMZN) recorded its highest annual performance last year, propelled by strong fourth-quarter results. Amazon’s net sales for the fourth quarter were $169.9 billion, a 13.9% increase from the previous year. The company’s operating profit also saw a significant surge of 382.6% to $13.2 billion in the prior year. In the fourth quarter, the company […]
Bitcoin Tops $50,000 for First Time in Over 2 Years on Spot ETF Impact The price of Bitcoin has surpassed $50,000 for the first time in 26 months. This results from the ongoing purchase trend that followed the approval of the Bitcoin exchange-traded fund (ETF). According to the global coin market relay site CoinMarketCap, on the 13th, Bitcoin was traded at $51,176 each as of 6 a.m., recording a […]
European Commission Approves Korean Air-Asiana Merger with Conditions Attached The European Union (EU) Competition Authority (EC) has conditionally approved the merger of Korean Air and Asiana Airlines. With this, the merger has been approved in 13 out of 14 countries, leaving the United States as the lone exception. Late in the afternoon of the 13th, the EC posted on its website that it conditionally […]
Gap (GPS.N) Appoints American Fashion Designer Jack McCollough as Creative Director [AlphaEconomy=(Chicago) Paul Lee Correspondent] Gap, a leading U.S. healthcare company brand, has appointed U.S. fashion designer Zac Posen as creative director...
Turkey's Fighter Quest: Eurofighters Still in the Game After F-16 Deal [AlphaEconomy=(Istanbul) Correspondent Park Jung-won] Turkiye's interest in the Eurofighter Typhoon remains...
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