Exports of crude oil from the United States have continued to increase. However, recent data indicates that the growth has been slowing down and might stop by the end of 2024, as global and domestic demand has been declining.
The investment bank has downgraded its forecasts for the Chinese equity market due to recent update of economic fundamentals and market sentiment.
Fitness equipment firm Peloton Interactive has revealed that it searches for a new CEO who could turn around the company that has been struggling in the aftermath of the boom experienced during Covid lockdowns.
The banking group Morgan Stanley has issued a warning about Mexican stocks due to upcoming electoral and judiciary changes in the country.
A recent survey of economists done by Reuters has revealed that most expect the global stock markets to continue to move higher, as the US Federal Reserve gradually cuts interest rates.
World's largest asset manager, BlackRock has denied support to most of its shareholder environmental, social and governance proposals, as the asset managers has not seen economic merit or long term benefit in 96% of the proposals.
US carmaker Ford has announced that it would cancel the project to develop a three-row electric SUV. The change of plans might cost up to $1.9 billion in write-downs and expenses.
Due to increased demand for chips in consumer, industrial and communications sectors, Analog Devices have announced a fourth quarter revenue and profit forecast that is above the market consensus forecasts.
In the aftermath of the European Union deciding upon tariffs on Chinese electric vehicles, Chinese authorities have started an investigation of European Union's dairy products for potential signs of government subsidies of the exports of these products to China.
The US retailer TJ Maxx parent company TJX Cos has increased the 2024 profit forecast due to declining costs and high demand for affordable accessories and clothing.
The Chinese ride hailing company, DiDi Global has managed to make a profit of 1.4 billion Yuan in the second quarter of 2024, compared to a loss of 300 million Yuan in the year prior.
The experienced media executive Edgar Bronfman has submitted a $4.3 billion bid to acquire National Amusements, which owns the controlling stake in Paramount Global.
As the US monetary policymakers have gathered at the Jackson Hole Symposium, members of the US Federal Reserve has expressed concerns about rising unemployment, as the official Unemployment Rate suddenly increased by 0.3% in July.
A leaked internal memo has revealed that Uber has hired Tesla executive Rebecca Tinucci to manage the ride hailing firm's transition to electric vehicles.
The German carmaker BMW has announced the recall of 720,796 cars in the United States due to a short circuit concern. The NHTSA has reported that there is an improperly sealed electrical connector on the water pump that may be exposed.
At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies.
As rail workers in Canada readied for a strike, trucking firms have prepared to take up the shipping volume and benefit from the issues in the competing sector.
Johnson & Johnson has revealed the purchase of the heart disease device firm V-Wave for a total of $1.7 billion.
Energix Renewables have announced that the firm has signed a deal with Google about supplying electricity and renewable energy points from the firm's solar power plants.
A recent Reuters poll has revealed that economists expect the US Federal Reserve to cut interest rates by 25 base points at each meeting throughout the rest of 2024.
The publication of the Federal Reserve Federal Open Markets Committee Meeting Minutes at 18:00 GMT on Wednesday added more energy to the ongoing decline of the US Dollar. The minutes revealed new information about how the prior Federal Reserve rate decision was made and what some members of the committee spoke about the future.
General Motors has announced that the firm has fired 1,000 employees from service and software departments across the world.
Hapag-Lloyd has revealed that due to higher demand for restocking, shipping across the Atlantic Ocean into the United States has increased.
Reuters has reported that the oil producer APA has announced a $1 billion sale of Permian assets.