Reuters has revealed that the electric vehicle maker Tesla intends to export its vehicles to Canada from China instead of North America.
The Governor of Bank of Japan Kazuo Ueda has stated that the central bank would need to first see forecasts of close to 2.00% inflation forecasts, prior to tweaking its ultra-loose monetary policy.
The Swedish IKEA store owner Ingka Group intends to invest $2.2 billion in expanding its operations in the United States and compete with US retailers.
Reuters has revealed that Deutsche Bank plans to reduce the bank's executive board members from 10 to 9 and fire employees in private banking and infrastructure departments.
The President of the Federal Reserve of New York John Williams has recently stated that inflation remains high and the Federal Reserve will act to lower it.
The US Treasury Secretary Janet Yellen has stated that the United States seek constructive and fair economic ties with China.
The CEO of Tesla Elon Musk has stated that the company would concentrate on sales growth instead of profits, as the company has reported lowest gross margins in two years.
Meta Platforms has enacted another wave of employee firing. This time the company has started to lay off engineers and tech teams.
The People's Bank of China officials have revealed that there is no basis to expect long-term deflation. Inflation is set to remain intact in the Chinese economy.
Heineken has revealed that the company expects an increase of beer consumption in Europe to offset an ongoing decline of demand in Asia.
The stock price of Tesla started the day's trading with a -8.00% gap down to $166.10. The stock drop was caused by the company's earnings revealing that the company's gross profit margins have reached a two year low level.
The electric vehicle maker Tesla has announced that it would cuts its prices for a sixth time in a row in an effort to boost demand.
The Chinese government has revealed plans to stimulate the country's economic recovery by boosting local consumption.
The stock price of Netflix has reacted to the most recent quarterly results. In general, the company reported better than expected earnings, but revealed that it expects lower income in the future.
The President of the St. Louis Federal Reserve James Bullard has stated to Reuters that he expects no incoming recession and the US Fed should continue to hike interest rates to stop the rampant inflation.
The latest United Kingdom Consumer Price Index has been revealed to be at 10.1%, compared to the forecast of 9.8%. The data indicates that inflation remains persistent.
At the start of Wednesday's European trading hours, the price for Bitcoin sharply dropped, as it reached near the 29,000.00 mark that has not been touched since April 10.
Merck & Co has announced that it would buy Prometheus Biosciences for nearly $10.8 billion, which is $200 per share.
The workers of the Tesla Shanghai factory have appealed to Elon Musk on social media to stop planned cuts of performance bonuses.
In the aftermath of Tesla reducing its prices, Renault has decided to review the pricing of its electric vehicle models.
The Bank of Japan Governor Kazuo Ueda has stated at a news conference that the central bank would stick to its set ultra-loose policy course.
Due to the President of the US Joe Biden not implementing actions in retaliation to the OPEC+ production cut, various economists have announced that the vent signals an upcoming economic slowdown.
The head of the Belgian Central Bank Pierre Wunsch has stated that the ECB has to increase the rate of its asset sales and continue with 0.50% percent base interest rate hikes to stop the stubborn Euro zone inflation.
During the last week, the US Dollar index booked weekly losses not seen since 2020. The USD decline has been attributed to the lower than expected US inflation data sets that were published during the week.