The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.. "The bank has decided to conduct a broad-perspective review of monetary policy, with a planned time frame of around one to one and a half years," the bank said in a statement following a two-day meeting.
Asian stocks were up on Friday, tracking big gains on Wall Street fuelled by strong tech earnings and mixed, but manageable, macroeconomic data.. Hong Kong was up nearly one percent in early trade Friday on the back of solid gains by Chinese tech giant Tencent and strong performances by commerce and industry stocks.
Donald Trump vowed Thursday to "crush" Joe Biden in the 2024 election, warning in his first campaign stop since his successor entered the 2024 race that the United States will descend into "anarchy" if the Republican billionaire isn't returned to office.. With your vote on November 5, 2024, we are going to crush Joe Biden and the White House... at the ballot box, and we are going to settle our unfinished business."
The crucial semiconductor industry, that powers everything from personal computers, smartphones to fighter jets, suffered a dismal first quarter as demand plummeted for chips.. It was also affected by falling demand for chips that power data centers and is struggling to compete with Nvidia for the semiconductors that undergird ChatGPT-style generative AI, a major new and chips-hungry sector for the industry.
Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023.. Alphabet beat market expectations in the first quarter of 2023 in a sign that the search engine behemoth is regaining its footing.
Shares in Amazon leapt on Thursday after the online retail colossus reported it made a lot more money than expected in the first quarter of 2023.. Amazon reported a profit of $3.2 billion on sales that climbed 9 percent to $127.4 billion in the quarter.
Caterpillar reported higher profits Thursday and offered an upbeat outlook on industrial conditions, but shares fell amid worries over weakening global growth.. Despite topping analyst estimates, Caterpillar shares fell 2.4 percent to $211.07 in early-afternoon trading.
US economic growth lost steam in the first quarter this year, said the Commerce Department on Thursday, as the possibility of a mild recession brews while consumer spending weakens.. The GDP growth figure "reflected increases in consumer spending, exports, federal government spending," along with some forms of investment, said the department in a statement.
American Airlines reported a profitable first quarter Thursday and said persistently robust travel demand would translate to even stronger results in the current period.. The strong first-quarter results will enable American to make profit-sharing payments to employees for the first time in three years.
Microsoft on Thursday said the European Union was "more attractive" for businesses than post-Brexit Britain after the latter blocked its vast takeover of video game maker Activision Blizzard on competition fears.. "There's a clear message here: the European Union is a more attractive place to start a business if you want some day to sell it, than the United Kingdom," Smith told BBC radio following the ruling by the UK Competition and Markets Authority.
