World Economic Magazine

EXCLUSIVE Rivian ready to invest $5 billion in second U.S. assembly plant -document

Amazon.com Inc (AMZN.O)-backed Rivian plans to invest $5 billion initially in its second U.S. electric vehicle assembly plant, according to…

5 years ago

Robinhood says U.S. watchdogs probing staff meme stock trading, registration

Robinhood Markets Inc disclosed on Tuesday it has received inquiries from U.S. watchdogs asking whether employees traded GameStop Corp. (GME.N)…

5 years ago

China state-owned daily urges calm after market rout

A Chinese state-owned securities newspaper urged calm on Wednesday after investors dumped mainland shares for a second day on worries…

5 years ago

BASF reports second-quarter beat, says no Delta impact so far

The world's largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta…

5 years ago

Australian CPI blows hot in Q2, core inflation far cooler

Australia's consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government…

5 years ago

Asia shares sit at 2021 lows ahead of Fed verdict

Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets,…

5 years ago

Oreo maker sweetens sales outlook as emerging markets bounce back

Mondelez International Inc (MDLZ.O) raised its full-year organic revenue forecast on Tuesday, as more consumers snacked on the food giant's…

5 years ago

International investor concerns mount over China’s tech rout

International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech…

5 years ago

Visa gets vaccine boost as domestic spending back near pre-COVID levels

Visa Inc (V.N) beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international…

5 years ago

Mattel expects strong holiday season as Barbie demand swells

Mattel Inc (MAT.O) raised its full-year sales forecast on Tuesday, expecting sustained robust demand for its Barbie and Hot Wheels…

5 years ago