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New strength signals from the US banking sector

The American major banks Bank of America and Morgan Stanley both report unexpectedly strong results for the fourth quarter of 2024. On Wall Street, it's thumbs up.

New strength signals from the US banking sector

Banker led a broad upswing on Wall Street

The courses on the New York stock exchanges rose on a broad front on Wednesday. Behind the investors' good mood lay partly a positive inflation report, partly unexpectedly strong financial reports from some of the USA's largest banks.

Banker led a broad upswing on Wall Street

USA's banks are doing better than expected

The reporting season in the USA has begun with a series of strong financial reports from the major banks on Wall Street. Both JP Morgan Chase and Goldman Sachs are reporting significantly better results than expected and are getting the thumbs up in the futures market in New York.

USA's banks are doing better than expected

Strong Stock Market Rally Following Positive US Figure

An unexpected decline in the so-called core inflation in the USA in December boosted risk appetite on the world's stock exchanges, also in Stockholm. .

Strong Stock Market Rally Following Positive US Figure

Bankers winners on volatile US stock market

The pillars pointed upwards in Tuesday's initial trading on the American stock exchanges since a new report showed that the producer price inflation was lower than expected in December. .

Bankers winners on volatile US stock market

Experts Expect Stock Market Boost and Dividend Bonanza

The stock market is expected to shake off concerns about the economy, inflation, tariffs, and wars. Professionals are counting on a dividend party ahead of this year's first reporting season.

Experts Expect Stock Market Boost and Dividend Bonanza

The meeting may mark the beginning of the end for Northvolt

After a 2024 marked by skyrocketing losses, production problems, massive layoffs, and bankruptcy protection, the owner of the battery manufacturer Northvolt will now have their say. An extraordinary general meeting will decide today whether it's time to give up the attempts to save the company.

The meeting may mark the beginning of the end for Northvolt

Another fateful day for Northvolt

The crisis-stricken battery manufacturer Northvolt - with thousands of employees in Skellefteå and Västerås - is facing yet another day of destiny. The owners are gathering tomorrow to decide on continued operations or liquidation.

Another fateful day for Northvolt

Northvolt owners summoned to meeting about the future

The crisis-stricken battery manufacturer Northvolt has called its owners to an extraordinary general meeting. At the meeting, which is to take place on January 8, 2025, the owners will confirm that the operations will continue, according to Northvolt's press chief Erik Zsiga.

Northvolt owners summoned to meeting about the future

The Russian gas tap can be turned off – prices are rising

The price of fossil gas in Europe is rising in line with the increasing risk of the flow of Russian gas to the EU via Ukraine being cut off at the turn of the year. The prospects of getting a new Russian-Ukrainian gas agreement in place look difficult.

The Russian gas tap can be turned off – prices are rising

Most Upwards on Wall Street

Friday's American labor market statistics strengthened the stock speculators' hopes that the central bank, the Federal Reserve, will lower the interest rate at its next meeting in two weeks. The figures showed that more jobs than expected were created in the USA last month, but on the other hand, unemployment increased slightly, from 4.

Most Upwards on Wall Street

EQT invests in British electricity meter company

The Wallenberg sphere's risk capital company EQT has, together with GIC – an investment company from Singapore – purchased a majority stake in Calisen, a Manchester-based company focused on smart electricity meters and the transformation of the British energy system, writes EQT in a press release. No purchase price is stated.

EQT invests in British electricity meter company

Major Shareholders Expect a Northvolt Shock

Northvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources.

Major Shareholders Expect a Northvolt Shock

He still believes in the German Northvolt factory

Germany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck.

He still believes in the German Northvolt factory

Billion-dollar amounts at stake in Northvolt's crisis

Subcontractors to the battery manufacturer Northvolt, which last week applied for bankruptcy protection in the USA, have claims totaling 2. 5 billion kronor against the company.

Billion-dollar amounts at stake in Northvolt's crisis

Northvolt in crisis - "Dialogue is ongoing"

The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports.

Northvolt in crisis - "Dialogue is ongoing"

Upward trend on the US stock exchange

The trading week on Wall Street began on Monday with cheerful figures. The Dow Jones industrial index closed at plus 0.

Upward trend on the US stock exchange

Volvo Cars: No Money to Northvolt

The car manufacturer Volvo Cars does not intend to participate in the financing that could save the crisis-stricken battery manufacturer Northvolt from bankruptcy, reports the news agency Bloomberg. Absolutely not, says Volvo Cars' CEO Jim Rowan.

Volvo Cars: No Money to Northvolt

Host Putin is greeted with respect by world leaders

Powerful and populous nations meet in Kazan under Russian leadership to strengthen the Brics group's influence. President Vladimir Putin wants to show that world leaders are on good terms with Russia – and he is greeted with accolades and respect.

Host Putin is greeted with respect by world leaders

Northvolt CEO: Will pay 287 million kronor according to plan

On Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board.

Northvolt CEO: Will pay 287 million kronor according to plan

Downturn for Dr Martens

The British shoe manufacturer Dr Martens' share is plummeting on the London Stock Exchange since the investment bank Goldman Sachs sold a large stake in the company at a significant discount. When the London Stock Exchange opened on Friday, the share plummeted by 13 percent.

Downturn for Dr Martens

Northvolt receives support from Volkswagen

Crisis-stricken Northvolt is supported by one of its major shareholders, German Volkswagen. To the news agency Bloomberg, a spokesperson states that the company is now backing Northvolt's production plans.

Northvolt receives support from Volkswagen

Mixed on the US stock exchange – banks weighed down

The leading indexes on the New York Stock Exchange went in different directions on Tuesday. The industrial-heavy Dow Jones index fell 0.

Mixed on the US stock exchange – banks weighed down

Major Bank: Lower Risk of US Recession

The risk of a scenario with recession in the American economy is becoming increasingly smaller, at least according to the major bank Goldman Sachs. In a market update to its customers, Goldman Sachs now estimates the risk of recession next year to 20 percent compared to the previous 25 percent.

Major Bank: Lower Risk of US Recession