market conditions News

Japan's Service Sector Hits a Standstill in March, Signaling Economic Slowdown

Japan's service sector showed signs of stagnation in March, with the key index falling to 50.0, indicating a significant slowdown from the previous month's growth. The report highl...

Samsung's Q4 Earnings Surge: A 12% Leap to $52.5 Billion in Revenue

Samsung Electronics Co. announced a 12% increase in Q4 2024 revenue, reaching 75.8 trillion won ($52.5B), with operating profit at 6.5 trillion won. Despite a QoQ decrease, annual ...

Caterpillar Reports a 5% Dip in Q4 Sales to $16.2B Amidst Challenging Market Conditions

Caterpillar Inc. reports a 5% decrease in Q4 sales to $16.2 billion, with a slight profit increase. The company's annual revenue fell by 3.9%, but profit grew by 4.9%. CEO Jim Umpl...

GameStop Shuts Down Five Connecticut Stores Amid Declining Sales

GameStop Corp. has closed five stores in Connecticut due to declining sales in Q3 2024, as part of a broader strategy to optimize its store portfolio amidst challenging market cond...

Taihan Cable & Solution Poised for Robust Growth with Projected Strong Orders and Earnings by 2025

Taihan Cable & Solution is set for significant growth by 2025, with strong order intake and favorable market conditions driving momentum. Despite current sluggish margins, future e...

US Oil Rig Count Dips Slightly: Baker Hughes Reports a Decrease to 480

The latest Baker Hughes report reveals a slight decrease in the US oil rig count to 480, with a notable annual drop of 19 rigs, reflecting the dynamic nature of the oil industry.

Deloitte UK to Cut Travel and Expense Budget by 50% Amid Market Challenges

Deloitte UK plans to reduce its travel and expense budget by 50% in response to challenging market conditions in the professional services sector. The temporary measures aim to pre...

India's IPO Boom: Record-Breaking Rs 1.6 Lakh Crore Raised in 2024

India's IPO market raised a record Rs 1.6 lakh crore in 2024, driven by economic growth and favorable market conditions. Hyundai Motor India's IPO was the largest in the country's ...