Finance world news

Global Company

Ups and downs: Lyft slowed down and CarParts gained momentum

Ups and downs: Lyft slowed down and CarParts gained momentum

Here's a recap of the week. We've reviewed the companies whose stocks have seen the sharpest movement these days. 📈 Online auto parts retailer CarParts was one of this week's growth leaders. Their stock is up 37.7% . Investors were pleased with the retailer'

Siemens leaves Russia for political reasons

Siemens leaves Russia for political reasons

The German industrial-technology group said Thursday it is ending its involvement in the Russian economy. Siemens is currently the latest multinational company to announce an exit from Russia and related losses. In the second quarter of 2022, the company's losses totaled about $630 million. The company cites the

Volkswagen plans to enter the electric pickup market in the U.S.

Volkswagen plans to enter the electric pickup market in the U.S.

According to Reuters sources, the German automaker will invest about $106 million in its new Scout brand. The concern will create an independent company with production starting in 2026. VW Group CEO Herbert Diess said that "electrification presents a historic opportunity to enter the U.S. pickup truck market.

Toyota warns of possible 20% drop in profits

Toyota warns of possible 20% drop in profits

Toyota Motor has warned that "unprecedented" increases in raw material prices could cut annual profits by one-fifth. Supply chain problems have also caught up with the world's largest automaker. Toyota fared well in the first months of the global semiconductor shortage thanks to its large stock

McDonald's may resume operations in Russia under another brand

"The company intends to save the funds already invested in Russia, which went to the development of the restaurant chain. Therefore, it is logical that the company is now looking for a way to do exactly that," adds the source. Another source stressed that the network has not