The President of the Federal Reserve Bank of Chicago Austan Goolsbee recently has commented that he expected the Fed to cut interest rates by additional 1.25% by the end of 2025.
This week, the US airline Spirit Airlines has filed for bankruptcy, as the firms has continued to suffer losses quarter after quarter.
Boeing has named the ex-CEO of Vanguard Group Tim Buckley to the firm's Board of Directors. Buckley will serve on the Finance and Governance & Public Policy committees.
The nomination of Robert F. Kennedy junior to be the new US Health Secretary has caused a decline of Pharmacy and Foodstuff firm stocks, as Kennedy has vowed to purge the Food and Drug Administration that allegedly has been allowing malpractice in favour of companies for decades.
The President of the Boston Federal Reserve Susan Collins has revealed to Bloomberg that she does not rule out the Fed doing a rate cut in December.
Monthly publication of Canadian inflation data has shown not only rising inflation, but also higher than expected increases. Namely, markets expected prices increasing, but the pace is higher than forecast. The news caused major Canadian Dollar volatility.
Data for October has revealed that US industrial production has decreased. The main reasons for the decline have been recent hurricanes and the strike at Boeing.
The banking group's analysts have announced that Trump's presidency is most likely going to hurt the growth of emerging market economies.
October data has revealed that United States import prices have increased, as higher prices have been attributed to increased fuel costs. Prices have increased 0.4% instead of the decline of -0.1% that was expected by market analysts.
Major electric vehicle producers have made requests to the US President not to cut the EV purchase tax credits, which has been rumoured to be the goal of the new administration.
The Chairman of the US Federal Reserve Jerome Powell has stated during his most recent interview that the Fed is in no rush to cut interest rates, as the US economy remains strong.
Reuters has reported last week that the incoming White House administration intends to get rid of the $7,500 electric vehicle purchase incentive that was created by the Biden administration.
The Chairman of the US Federal Reserve Jerome Powell has stated that the Fed has time to continue on with its current policy, before starting to adapt and take into account Trump's economic reforms.
The fund of Warren Buffett, Berkshire Hathaway, has bought 1.28 million shares of Domino's Pizza.
A hedge fund and equity firm lobbying group has asked the incoming US Trump administration to reform the US Securities and Exchange Commission by reviewing legislation that is seen as harmful for private funds.
Reuters has published a report on how Elon Musk could use his new government position to create federal legislation that would push forward the Tesla Robotaxi project.
During October, global electric vehicle sales have increased by 35%, compared to the same month a year ago. The main driver of sales has been China.
Amazon has launched a new low-cost ecommerce service, Amazon Haul that is aimed at competing with Temu.
This week, Volkswagen announced an additional $5.8 billion investment in the EV maker Rivian. The news caused a surge of the firm's stock price.
Bain & Company have revealed that the consultancy firms expects global luxury goods sales to decline in the year of 2024.
The Japanese Corporate Goods Index, which is an indicator for wholesale prices, has increased by 3.4%. This is the highest increase observed in a year.
Metal platforms are set to face an antitrust lawsuit in the United States over the firm's acquisition of Instagram and WhatsApp.
Federal Reserve has conducted surveys that revealed that United States banks have observed lower demand for loans during the third quarter of 2024.
During this week, two heads of US Federal Reserve branches have commented that they see the current lowered interest rates as already restrictive enough, despite this week's CPI revealing higher inflation.