As tensions in the Middle East continue, Iran has called for a oil embargo on export to Israel. The news have caused US light crude and UK Brent oil prices to reach levels not seen since September.
The Chinese tech company Baidu has revealed a new version of its AI model. Ernie 4.0 is set to compete with the OpenAI's GPT-4 model.
US auto regulators have revealed that Tesla has to recall 55,000 of its Model X electric vehicles due to a failure of the vehicle controller. The controller does not display a warning in the case of low brake fluid.
This week, Johnson & Johnson has announced that the company expects larger than previously forecast profits for 2023.
The Swedish tech giant Ericsson has commented that it expects uncertainty to dominate the telecoms industry into the year of 2024. Moreover, the company is not going to provide financial guidance for the year.
In the aftermath of a crackdown on password sharing, Netflix is expected to increase prices, as the company announced its earnings on Wednesday.
Rolls-Royce Holdings have announced that the company would fire as much as 2,500 employees to cut costs.
The publication of the United States monthly Retail Sales data has caused a surge of the US Dollar. In less than a minute after the publication, the US Dollar index gained 20 points or 0.18%.
The Taiwan Semiconductor Manufacturing Company has revealed that it expects a third quarter profit decline of 30%.
Crude oil prices have started a decline, as the US government has been considering an easing of sanctions on Venezuelan oil exports.
The professional social media site LinkedIn has announced a second employee lay off, which is set to result in the firing of 668 employees.
Recently published Chinese consumer price data has revealed that consumer and factory-gate prices had declined more than expected during September.
Rising rents and gas prices in the United States have been the main reason for returning inflation. Meanwhile, other sectors have experienced a decline in prices.
Bloomberg has reported that the Chinese government is evaluating the use of a new fund that would prop up the equity markets.
Electric vehicle sales in the United States have reached a new record high level. However, Tesla dominates only half of the market, compared to 62% in the first quarter of 2023.
The United Kingdom antitrust regulators have allowed Microsoft to acquire Activision Blizzard in a $69 billion deal that was previously forbidden.
The Swedish electronics giant Ericsson has revealed a 39% decline in quarterly profits. The decline has been attributed to major drop of demand in North America.
Reuters has reported that in a new attempt to control capital China has announced the prohibition of new offshore brokerage accounts.
Crude oil prices are reacting to the United States tightening Russian crude oil export restrictions. The new rules have caused an expectations of reduced global supply. At mid-Friday, US light crude traded near the 85.00 mark and Brent crude was above 89.00 level.
Internet giants Google, Cloudflare and Amazon have reported that they have encountered the largest ever denial of service operation. Moreover, the attacks had used a new technique.
The United Auto Workers have announced this week that they were expanding the ongoing strike to the largest Ford factory in the world.
Microsoft has announced that the United States Internal Revenue Service has notified the company that the government seeks an additional payment of $28.9 billion, interest and penalties for the period of 2004 up to 2013.
The President of Atlanta Federal Reserve Bank Raphael Bostic has stated this week that the Federal Reserve should not increase interest rates further, as the current rates have already slowed down inflation.
The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards.