The crisis leaves its mark on the financial results of the credit card companies such as American Express. Less was paid with the payment cards of that group, because in many countries catering, museums and theaters remained closed, events did not continue and consumers did not venture holidays and town trips. American Express also notes that the recovery appears to be underway. Apart from travel...
The American stock exchanges are closed on a rotating Friday. the Dow Jones Index and the S & P 500 decreased due to the pressure of heavyweights like IBM and Intel that both lost. Tech index Nasdaq left a little extra to the Friday market. Technology company IBM was sold out by investors after a quarterly update. Last year’s closing quarter turnover was deeper than what investors took...
The French airline Air France is still counting on a recovery from the crisis in the spring. The French newspaper La Tribune, Anne Rigail, points out that there is still no need to make adjustments to the flight schedules, and that the stricter measures recently introduced by France have not yet had an impact on the number of bookings. Air France, which is part of Air France-KLM, is suffering...
Philips is taking over the US Capsule Technologies. That company makes hospital systems that can monitor the situation of patients. Philips pays $ 635 million for the company and supposes it will be able to benefit from the acquisition with a higher turnover and profit margin this year. On the Capsule system medical equipment from almost all manufacturers can be connected. The data will then be...
Investors are particularly monitoring developments around the coronavirus. Later in the week, the transfer of power in the United States is central point of interest. Joe Biden is officially inaugurated on Wednesday as the new president of the United States. The week will continue relatively quiet as Wall Street will remain closed on Monday due to Martin Luther King Day. Investors also assessing...
With the completion of the merger with the French automaker PSA, the parent company of Peugeot, Citroën, and the German Opel, the Italian-American Fiat-Chrysler is on Saturday, the fourth manufacturer in the world. The 14 brands of the New Stellantis group account for about 9% of car sales worldwide. Only Volkswagen, the Renault-Nissan-Mitsubishi alliance and Toyota are even bigger. The merger of...
The economy of Germany, the largest in Europe, shrunk by 5 percent in 2020 because of the crisis. The German Federal Statistical Office reported this on the basis of a preliminary estimate. This put an end to ten years of growth for the German economy. The German economy suffered from lockdowns and weaker exports, for example because the demand for German cars was under pressure. In the spring...
The German Stock Exchange authority, BaFin, is said to be starting an investigation into striking changes in the share of the tour group TUI. In the days and weeks before the beginning of December, when an agreement was reached on state aid, marked exchange rate reactions were observed. This is reported by the German newspaper Börsen-Zeitung. A member of the Lower Saxony parliament would have...
The job losses in the United States last year were historically high. According to business newspaper The Wall Street Journal, the total number of jobs lost was at the highest level since 1939. Especially among the black and Latino population and among young people, job losses were high. In the United States, only 9.4 million jobs were lost in 2020. That is much more than the more than 5 million...
Real estate bubble isn’t an American phenomena, Back in 2000-s the real estate loans and other financial tools were at the apogee. Mukhtar Ablyazov was one of the many who abused the system. Loans and land plots, what could possibly go wrong? In fact, everything. Mukhtar Ablyazov as the owner of BTA Bank authorised his subordinate and accomplices to give out cash secured by pricey land...