Bosch will struggle to hit its sales and profit targets in the coming one to two years, Chief Executive Stefan Hartung said in an interview with German business daily Handelsblatt published on Thursday.
Bankers advising companies on stock market listings are hopeful that the new year will bring a recovery in initial public offerings after the U.S. Federal Reserve signalled it may start reversing the fastest escalation in interest rates in decades.
CarMax on Thursday posted its third-quarter profit above analyst estimates after cost cuts helped it offset headwinds from lower demand, sending the pre-owned car retailer’s shares up 5%.
Chipmaker Micron Technology’s shares jumped 6.3% before the bell on Thursday after it predicted strong recovery in supply-demand balance for memory and flash storage in 2024.
U.S. stock index futures rose on Thursday, recovering from a broad sell-off on Wall Street in the prior session as investors clung on to hopes of borrowing costs easing next year, while chipmaker Micron advanced after delivering an upbeat forecast.
The Norwegian Public Roads Administration started questioning Tesla in September 2022 and the inquiry could result in a recall of all model years of the S and X vehicles. A decision is expected by Christmas.
Oil prices fell on Thursday as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions due to tensions in the Middle East.
Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an economic slowdown weighed on companies’ dealmaking confidence, but bankers and lawyers expect a pick-up as conditions improve.
The compensation system for flight attendants in the U.S. and Canada is under attack in new contract negotiations that could lead to big pay raises for cabin crews, but higher costs for airlines.
