It has been revealed by the Wall Street Journal that Tesla has been in talks with Saudi Arabia about the potential construction of a new electric vehicle factory.
US retail store chain Macy's has announced that it would hire 38,000 employees for the holiday season sale. However, the number is smaller than previous years. In 2021 the company hired 71,000 thousand employees.
The President of Turkey Tayyip Erdogan has asked the CEO of Tesla Elon Musk to build a factory in Turkey, as the country was revealed to be one of the top candidates for new construction.
The South Korean workers union of Hyundai has agreed to take a 12% wage hike to stop a potential strike. Hyundai has managed to avoid potential production stops.
Despite firing 10% of its employees in January, Salesforce has announced a hiring of 3,300 employees, as business has picked back up.
The United Kingdom government has been revealed to be set to finance the decarbonization of Tata Steel with nearly 500 million GBP. However, the deal is set to put at risk more than 3,000 jobs in Wales.
Reuters has reported that Citigroup has started major lay offs of its staff that include reductions in compliance, support and risk management departments.
The CEO of Ford Motor Company Jim Farley has revealed that a possible agreement to the initial proposal of United Auto Workers unions would mean a bankruptcy of the company. The workers had demanded a 40% wage increase, cut of workweeks and pension benefits.
The third largest bank of Canada, the Bank of Montreal, has announced that it would close its retail auto financing business. The move is set to result in major job losses.
The US antitrust lawsuit against Google has continued into its second week, as the lawmakers have called to testify Verizon executives.
Reuters has compiled and published a report on how Goldman Sachs, Morgan Stanley and Citigroup have started to lay off employees in an effort to save costs.
Due to rising interest rate costs, the losses of the Federal Reserve in 2023 have reached above $100 billion, as reported by the Federal Reserve.
The state of California has sued oil companies for the downplaying of environment risks that have been posed by the use of fossil fuels.
The President of the European Central Bank Christine Lagarde has been reported by Reuters to have ordered the seizure of the cell phones of the ECB council for the duration for the policy meetings to avoid information leaks.
Goldman Sachs has announced that the US Federal Reserve is unlikely to raise interest rates during the November FOMC meeting.
Chinese police have arrested a number of Evergrande wealth managers in the south of the country, indicating a new upcoming investigation.
The workers unions of Stellantis have called for a one day strike in Italy due to the lack of information about future production.
The US Detroit automaker worker strike has continued into a fourth day, impacting top three United States automaker stock values.
The Chinese government has announced sanctions against US arms manufacturers for sale of weapons to Taiwan. Lockheed Martin and Northrop Grumman are set to be sanctioned. However, there is no clear announcement how the firms might be impacted due to them not selling to China
The Russian Central Bank has increased its base interest rate up to 13%. The central bank has been attempting to prop up the declining Rouble.
The US monthly release of Consumer Price Index has revealed that inflation in the US has inched up to 3.7% instead of the expected 3.6%. However, this is another increas,e compared to 3.3% in August and 3.1% in July.
The European Union has started to investigate the imports of Chinese electric vehicles for the possible need of implementation of tariffs.
The release of the new iPhone 15 has received a mixed reaction across the world, as even Chinese consumers prefer Huawei.
The Financial Times has reported that Goldman Sachs intends to fire employees that the bank considers underperformers.