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The Census Bureau of the US Commerce Department has revealed that in June spending on construction has continued to decline in the United States.
The energy company Shell has revealed that it has experienced a decline in its quarterly profits of 19%, compared to the previous quarter.
The Japanese carmakers Nissan and Honda have started to jointly research new software. Moreover, the two firms have asked Mitsubishi to join the endeavour.
The London Stock Exchange Group has announced an increase of total income of 5.4%, as the stock exchange has benefited from joint ventures with Microsoft.
The German carmaker Volkswagen has announced another restructuring of costs, as the launching of new models has been reducing profits. The firm intends to reduce investment to 165 billion Euro.
The recent Bank of Japan rate cut and comments made by the bank's officials has revealed to market analysts that the central bank is set to continue on its tightening path. Moreover, the markets have started to consider another rate hike in 2024.
The Friday's sell-off has accelerated. The Japanese financial markets have crashed overnight. The US Dollar index is approaching the 102.00 mark, pushing other currencies up. Meanwhile, the US stock market is crashing, as the volatility index, which is called the fear index, is above the 60.00 mark. Due to the drop of the US Dollar, various peer currency pairs have
At 12:35 GMT, VIX (Fear/ Greed index) reaches levels of 65.00. It is the highest recorded volatility level since March 2020.
The German carmaker BMW has announced that the firm has suffered a decline in margins from 9.2% to 8.4% due to a decline in demand and competitors in China.
Billionaire Elon Musk has commented that the Federal Reserve has made a mistake by not cutting interest rates on Wednesday. Musk has argued that the Fed has done damage to the economy by keeping rates high for too long.
Despite other markets being closed, the global asset sell off has continued in the cryptocurrency markets. On Sunday, the price for Bitcoin had declined 6.90%, compared to Friday's close.
Berkshire Hathaway has sold half of its holdings of Apple. The sale is set to cause a stock sell-off at the start of Monday's trading. Previously, Buffet sold Apple stock and stated that it had been done for tax purposes.
From a fundamental perspective, the price of Microsoft stock started to decline due to profit taking before the publication of the quarterly financial results. It was forecast that the firm will report rising costs and slow down in the pace of increasing profits. The released quarterly results confirmed the suspicions. To sum it up - the firm is not
The electric vehicle maker Tesla has been reporting issues with deliveries, and most recently, bad quarterly financial results. Due to these reasons, the stock price has been declining. From a technical analysis perspective, the decline appears to have occurred in a channel down pattern. Most recently, the price reached a new low level and passed below the 50-day simple
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index reacted to the news by sharply declining. Average Hourly Earnings were forecast to show a monthly increase of 0.3%. The actual income change is just 0.2%. Non-Farm Employment Change was expected to show a reading of 176,000
CNBC has reported that the CEO of Delta Air Lines Ed Bastian has revealed to the news outlet that the costs from the CrowdStrike outage would amount to $500 million.
Due to a surge in the wealth management sector, the banking group HSBC has gained unexpected revenue. The firm has announced that it would do $3 billion in share buybacks.