The results of a recent Reuters poll has revealed that the surveyed economist do not expect the Bank of Canada to decrease interest rates during 2023. The central bank appears to be set to continue with strict monetary policy.
The FedEx Corporation has announced that it would merge various businesses in an effort to increase efficiency and decrease costs.
Reuters has reported that the EU would make a deal on multi-billion subsidy plan for the semiconductor industry on April 18.
The President of the Cleveland Federal Reserve Bank Loretta Mester has stated that the US Federal Reserve needs to continue to hike interest rates and reach above 5.00% to reduce inflation to 2.00%.
General Motors has announced that nearly 5,000 employees have been laid off via a buyout compensation program.
Walmart has announced that the company intends to automatize 65% of its stores by 2026.
The Reserve Bank of New Zealand has increased interest rates by 0.50% instead of the expected 0.25%. The Official Cash Rate of the central bank has reached a 14-year high level.
Due to the Wirecard scandal the German regulators would ban EY from auditing companies with public interest for the next two years and fine the firm for 500,000 EUR.
McDonalds has temporarily shut down US offices and has reportedly started to lay off employees.
Tesla has revealed that the company has reached record car deliveries, which have increased by 4.00%. However, the company has achieved so by cutting prices on most of its models.
Due to the announcements of the unexpected OPEC+ production cuts, crude oil price benchmarks reached above and remained above $80.00 during this week's early trading.
Reuters has revealed that the CEO of Tesla Elon Musk intends to visit China and meet with the Premier of China Li Qiang.
The rocket producer Virgin Orbit Holdings has announced that the company would fire about 85% of its total workforce.
Wells Fargo has received a nearly $100 million fine for failures in complying with sanctions against Syria, Iran and Sudan.
The Massachusetts state regulators have started an investigation of possible insider stock trading at the First Republic Bank.
At 12:30 GMT, the US Bureau of Economic Analysis released the United States Core Personal Consumption Expenditures. The market consensus was that the price would have increased by 0.4% on a month on month basis. However, the number was revealed to be 0.3%.
Stubborn inflation data has set the European Central Bank on course to continue with interest rate hikes. Most recently, core inflation in Europe reached a new high level.
Crude oil prices have experiences a surge due to a half of exports from the Iraqi Kurdistan. The reduction of supply had pushed prices close to $80.00,
A group of AI experts and Elon Musk have expressed that the artificial intelligence industry should pause developments of six months to asses potential risks to humanity and the society.
The electric vehicle maker Lucid has announced that the company would fire 18% of its employees.
Apple has announced that the company is launching a new "buy now and pay later" service in the United States that would compete with Affirm Holdings and Klarna.
The World Bank has revealed that without bold policy shifts the world would experience an economic "lost decade".
The Walt Disney Company has started to lay off 7,000 employees, as the company intends to cut costs.
The CEO of Ferrari Benedetto Vigna has stated that the recent change of EU plans on combustion engines would give the luxury carmaker greater freedom in regards to systems.