The US Energy Information Administration has reported that finished motor gasoline demand had decreased to 8 million barrels per day, which is the lowest level since the start of the year. Moreover, JP Morgan has reported that seasonally adjusted US gas consumption has hit a 22 year low. The news have caused an oil price decline.
Reuters has reported that Meta has started to lay off employees in the Reality Labs division, which is developing the Metaverse.
The latest release of HCOB Composite Purchasing Managers Index for the Euro Zone has revealed that demand in the economic block had declined in September at a pace not observed since 2020.
The chip producer Intel has announced that the company intends to set up a standalone business for its programmable chip division starting from January. The news caused a 2% surge of the company's price.
The Wall Street Journal has reported that due to the end of actor strike Netflix intends to increase subscription prices.
The stock price for the Scandinavian airline SAS has plummeted 95% due to the announced restructuring that is set to have the group delisted and existing ownership stakes are set to be erased.
US officials have announced that they had warned China that it can expect new export restrictions in October.
An appeals court in New Jersey has dropped the $223.8 million verdict that ordered Johnson &Johnson to pay four plaintiffs that had claimed to have developed cancer due to the company's talk products.
The airplane producer has set a record goal for 737 MAX production. The company intends to produce 57 airplanes per month by July of 2025.
Reuters has revealed that the US airline United Airlines is set to reveal orders for 110 airplanes from Airbus and Boeing.
After talks with the Chinese government, Apple has started to enforce new rules that require app makers to receive a government licence before releasing their app.
The X Corporation, which was formerly known as Twitter, has received a lawsuit by a legal-marketing company that claims trademark infringement.
Reuters has revealed that Joe Biden's proposed fuel economy standard increases could result in General Motors and Stellantis facing fines of $9.5 billion.
The Wall Street Journal has reported that representatives of Apple have met with Chinese government to discuss the ongoing crackdown on western mobile apps.
The US Securities and Exchange Commission has fined Citigroup and a former unit of the banking group a total of $1.975 million. The fine has been issued for making illegal securities recommendations to retail clients.
In August, US pending home sales declined more than expected, which signals a fall in economic activity. The National Association of Realtors Pending Home Sales Index has declined in July by 7.1% or down to 71.8 in August from 77.3 in July.
Euro zone inflation has reached a low level not seen for 2 years, as consumer prices on an annual basis in measured 20 countries had risen in September by 4.3%. However, the number is still far away from the desired inflation rate of 2.0%.
Due to warmer than expected September, retail clothing stores have reported lower winter clothing sales and piling up inventories.
Due to the release of the Nike quarterly financial results, the stock price of the company started Friday's trading with a gap up of 11.00%. However, the higher opening was followed by a step decline.
A survey done by Reuters has revealed that New York has remained the top global financial centre. Meanwhile, London has managed to keep its second place, despite facing competition from Singapore and Hong Kong.
Due to strong domestic production, in August, Toyota has increased its global output on an annual basis by 4.00%. Domestic production had increased by 22%.
Despite holidays, the Chinese consumers have decided to mostly stay at home, which is another signal of a slowing down economy.
This winter, Ryanair is set to reduce number of flights due to delays in the delivery of Boeing airplanes.
The Former United States President Donald Trump has revealed that it does not matter whether the union of autoworkers strikes a deal with car producers, as the shift to electric vehicles would still make their jobs obsolete.