EUR/USD
1.17774
0.467%
Gold
4744.88
1.234%
Oil
91.414
-3.448%
USD/JPY
156.526
-0.257%
GBP/USD
1.36234
0.539%
GBP/JPY
213.249
0.293%
Real-time News
According to Hong Kong Stock Exchange documents, Benfu Nature Outdoor Sports Group Co., Ltd. (formerly known as Pelliot Outdoor Sports Group Co., Ltd.) has submitted a listing application to the Hong Kong Stock Exchange.Apple shares rose 2% to $293.20 a share, a new record high, bringing its total market capitalization to $4.31 trillion.Porsche will close three non-vehicle manufacturing divisions on May 8th, with CEO Michael Leiters pushing for layoffs for the first time in response to declining sales and cost pressures from adjusting its electric vehicle strategy. Porsche announced on Friday that it plans to close its Cellforce battery business, electric bicycle business, and Ceitec software subsidiary, a decision that will affect more than 500 employees in Germany and Croatia. In April, Porsche agreed to sell its stake in its joint venture with the Bugatti supercar brand, and management has hinted at further asset divestitures in the future. Leiters acknowledged in March that in addition to the approximately 3,900 jobs planned for reduction by the end of the decade, the company intends to further reduce its workforce. Porsche currently employs approximately 40,000 people. The company expects its capital expenditures to peak this year, subsequently declining gradually as R&D spending decreases.On May 8th, Sam Stovall, Chief Investment Strategist at CFRA Research, stated, "I think this jobs report is positive because it confirms the labor market remains solid, which gives consumers some confidence and allows them to maintain resilient spending patterns. At the same time, the 4.3% unemployment rate will not force the Federal Reserve to reconsider its statement that it is not ready to tighten interest rates. Therefore, this is good data confirming that the overall economy and consumers remain healthy. The longer high oil prices persist, the greater the risk of damaging consumer confidence and spending. Currently, it doesnt seem to have a negative impact on economic growth or consumer confidence, but the longer this situation continues, the greater the risk."Ukrainian President Zelensky: Tomorrows actions depend on further developments today.
