The President of the Minneapolis Federal Reserve Neel Kashkari has revealed that he expects the Federal Reserve to do more modest rate cuts in the future, as the 2.00% inflation target has almost been reached.
The Brazilian state run oil company Petrobras has partnered up with mining firm Vale in a new carbon emission reduction program.
US stock indices have reached new all-time high levels, as the S&P 500 and Dow Jones index have both booked new record levels.
The Alphabet daughter company Google is set out to buy more power for AI needs from a nuclear reactor company, named Kairos.
The Governor of the US Federal Reserve Christopher Waller has recently stated that the recent higher US inflation and labour data has made the Federal Reserve more cautious in their policy approach.
The US tech firm Nvidia stock price is once again approaching all-time high levels, as it appears to be close to passing Apple as the top valued company.
The US aeronautics firm Boeing has announced that it is preparing to notify approximately 17,000 employees that they would be laid off, as recent strikes have caused financial turmoil for the company.
The most recent comments made by the Chinese government have caused a surge of the stock prices of Chinese copper and iron ore firms.
The World Trade Organization has announced that global trade might increase by 3.00% in 2025, unless the conflict in the Middle East escalates.
Domino's Pizza has reported a lower than expected increase in sales, as the firm claims that demand has been declining.
In the aftermath of recent US inflation data releases, the markets expect the Federal Reserve to cut interest rates by 0.25% instead of 0.50%.
Due to weak demand and high competition in China, BMW and Mercedes have suffered a decline in sales.
As demand has continued to grow, Air India has bought new 85 Airbus aircraft. Moreover, the firm intends to buy additional Boeing jets.
Information on ECB accounts has revealed to the world that the European central bank might back down on its plans to continue on the monetary easing policy, as inflation might return.
The US airlines Delta Air Lines has announced that due to lower travel demand, it expects lower quarterly earnings.
It has been revealed that the activist investor group Starboard Value has built up a $1 billion stake in Pfizer.
The publication of the US Producer Price Index has caused a minor increase in volatility. In general, the PPI showed a reading of 0.00% instead of 0.1%, which caused a minor dip of the US Dollar.
The Chief Executive Officer of Volkswagen has revealed that the EU should implement tariff reduction for Chinese carmakers if they invest in Europe.
Reuters has revealed that British Petroleum intends to abandon its production cut goals and review its broader strategy. Previously, the firm was expected to cut production by 25% by 2030.
The Chief of the French Central Bank Francois Villeroy de Galhau has revealed to an Italian newspaper that the ECB is most likely going to cut interest rates at its October 17 meeting.
The major bank Goldman Sachs has reduced its expected odds of a recession in the United States by the end of 2024 to 15%. The reduction was done due to good monthly employment data.
Reuters has received information that Samsung Electronics does not intend to spin off its foundry business.
Goldman Sachs has increased its end of year forecast for the S&P 500 index. The target has been raised from 5,600.00 up to 6,000.00.
The monthly US Consumer Price Index data has revealed that inflation in the USA is higher than expected. Dollar is trading with increased volatility. US CPI is 0.2% instead of 0.1%. Core CPI increased 0.3% not 0.2%. Annual inflation is 2.4% instead of expected 2.3%.