On Thursday, the EU enacted tariffs on Chinese made electric vehicles, which demand up to 45.3% of the car price. Moreover, the recent tariff investigation is set to result on tariffs on Tesla.
Analysts have spotted that ship cruise operators have found that purchasing whole islands and turning them into theme parks has turned into a profitable business. The firms have lifted ticket sales by as high as 50% by sailing clients to the newly created parks.
The stock price of Ford has recently been experiencing a decline due to a broader increase of supply issues and cost increases.
A US investigation of Boeing has found that the company overcharged the US Air Force for some parts by as much as 8,000%.
Results of a poll done by Reuters indicate that market analysts expect the Federal Reserve to cut interest rates two times during this year. Both times, the Fed should cut by 0.25%.
A recent report by Adidas has revealed that the firm has experienced its best sales in China since early 2022.
The UK banking group HSBC has been trading near record highs, since the group announced that it would buy back shares for a total amount of $3 billion.
Last week, BP reported a 30% decline in profits. In general, the firm signals a major decline in earnings in the oil sector, as demand for the commodity is decreasing.
Despite reporting quarterly earnings, Santander has delayed the publication of quarterly results, as the firm waits for a ruling of a UK court on motor finance.
Reuters sources have revealed to the world that the Chinese government might increase its debt by $1.4 trillion during the next few years.
Groupe Bruxelles Lambert has reduced its stake in Adidas to 3.51%. The firm has gradually sold off the stock over 2024, as it owned 16% at the start of the year.
TDK has partnered up with McLaren Racing to work on competing in the Formula E, which is the electric vehicle racing league.
It has been revealed that Google is among investors that have invested $110 million in Nigeria's Moniepoint. The firm intends to scale up banking services across Africa.
Results of a Reuters poll have revealed that market analysts expect Chinese factory activity to have contracted in October.
The results of recent surveys have revealed that firms intend to increase prices in Germany, which could bring inflation to the 2.00% target rate that the ECB intends to achieve.
The US carmaker, Ford, has announced that the firm is reducing its profit expectations for 2024, as the company expects to make $10 billion instead of $12 billion.
Reuters has reported that the US government intends to increase its emergency oil reserve by 3 million barrels. Previously, the government had depleted its reserves throughout 2022, but was unable to repurchase reserves with available funds.
The stock of Amazon is set to start the day's trading near the $200.00 mark. This is caused by the firm's quarterly financial results, which have been attributed to higher retail sales.
The monthly US Employment data has been published. In general, the data revealed almost no job creation in the USA, which caused a drop of the Dollar.
The Mexican government has asked the US to reconsider the ban on Chinese car tech, as the Mexican industry could be hurt by the ban.
The top global carmaker Toyota and NTT have made an arrangement to invest $3.3 billion in research and development of self-driving artificial intelligence.
Prior to the US holiday sale season, Walmart has reduced the price for Walmart Plus subscription by half. By doing so, the firm intends to catch up in sales with Amazon.
Subway Restaurants has been sued on claims that its advertisements have misled customers by overstating the content of meat in the sandwiches by more than three times.
The Facebook owner, Meta, has reportedly started the creation of its own search engine that would stop the firm's reliance on Bing and Google.