sales
Not only have electric cars been affected, but car sales in the EU witnessed a 5.2% drop compared to last year in March, marking the largest decline since July 2022 and the first for this year, as reported by the European Automobile Manufacturers’ Association (ACEA). The decline involved key markets, including Germany (-6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%). The fall has been attributed to a downturn in the market and the timing of the Easter holidays which had a negative impact on sales. In March, within the car industry, which generates €392.2 billion in tax revenue for Eur...
Euronews (English)
Netflix (NDX: NFLX) reported first-quarter earnings that blew away analysts' forecasts in all aspects. The positive earnings result did not bolster its share prices, however, due to disappointing guidance for the current quarter. Netflix’s shares fell more than 4% in after-hours trading at Nasdaq, indicating a lower open for the stock today. Netflix’s subscriber growth acceleratesThe company added 9.33 million users in the first quarter, bringing its total subscribers to 296.6 million, further solidifying its leadership in the streaming market. The figure almost doubled analysts’ forecast of 4...
Euronews (English)
Goldman Sachs has surprised analysts its report of a double-digit rise in revenues and profits for the first three months of this year. Net revenues for the American multinational investment bank and financial services group reached $14.21 billion (€13.36 billion), 16% higher than last year and net earnings jumped to $4.13 billion (€3.88 billion) resulting in a 28% surge compared with a year ago. The New York-based company said it had earnings of $11.58 per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for e...
Euronews (English)
The largest US bank JPMorgan kicked off earnings season with a modest 6% annual rise in first-quarter profits on Friday, however, CEO Jamie Dimon warned that inflation and geopolitical risks may impact the bank's operations in the future. Most metrics of JPMorgan's business were solid for the year's first three months. The lender earned a profit of $13.42 billion, or $4.44 a share. JPMorgan's results were impacted by a $725 million one-time charge to the Federal Deposit Insurance Corporation. While investment banking revenues were largely flat, the bank reported an uptick in activity. In the c...
Euronews (English)
Volvo saw a record number of car sales in March, hitting approximately 78,970 cars, which was an advance of 25% year-on-year, as well as an all-time record for worldwide sales in any particular month. This was mostly supported by the introduction of its entirely electric SUV, the EX30 model. The company saw particularly robust sales in the US and Europe, with European sales in March increasing 33% year-on-year, touching 39,756 cars. Electrified car sales in Europe also saw a boost of about 34%, totaling about 24,856 cars. In March, electrified car sales made up about 63% of total European car ...
Euronews (English)
Leading with France and Italy, new car registrations within the EU rose by 10.1% in February compared with the same month last year, and hybrid-electric vehicles saw the biggest jump across the bloc. Registrations rose by 13% in France, 12.8% in Italy, 9.9% in Spain and 5.4% in Germany, While new electric car sales jumped the most in January, hybrid-electric cars took the lead last month, with a surge of 24.2% across the 27 countries, the UK and the EFTA member states, according to the European Automobile Manufacturers Association (ACEA). The number of new plug-in hybrid cars also climbed by 1...
Euronews (English)
Pretax profit for the final three months of the year fell to $1 billion (€920 million) from more than $5 billion (€4.62 billion) the previous year, mainly due to two major expenses; $3 billion (€2.77 billion) to pay for an impairment charge relating to the investment in the Chinese Bank of Communications Co. and another $2 billion (€1.85 billion) relating to the sale of the lender's retail banking operations in France. This completely took the attention off the otherwise record pretax profits reported for the full year, reaching $30.3 billion (€28 billion) in 2023. The final figure, however, s...
Euronews (English)
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