Amazon Web Services have revealed that it has fired hundreds of marketing, sales and tech employees.
The US retailer Costco Wholesale has announced that it would offer its members new weight loss programs that include the drugs Ozempic and Wegovy.
The President of the Atlanta Federal Reserve Raphael Bostic has recently revealed that he expects the Fed to cut interest rates only once in 2024. Moreover, the rate cut could occur at the end of the year.
The United States Food and Drug Administration has published information that Eli Lilly is set to continue to struggle with supply issues with its weight-loss drug Zepbound.
In March, as reported by the Institute for Supply Management, the United States services sector has grown, despite decreasing expansion rate, compared to February.
Head of the Austrian central bank and member of the ECB board Robert Holzmann has commented that he would like to cut interest rates in June. However, the ECB is set to synchronize its actions with the Federal Reserve.
The major US bond management firm Pacific Investment Management Corporation has commented that it expects the Federal Reserve to start reducing interest rates mid-2024.
Microsoft and its partner Quantinuum have announced a key improvement in quantum computer reliability that is set to allow the commercialization of quantum technologies.
Recent increases in US Treasury yields have turned bonds into a more attractive investment, which has been blamed for a decline of demand for stocks.
In the aftermath of 7.2 magnitude earthquake, Taiwan Semiconductor Manufacturing Company has paused work at its constructions sites in Taiwan. The firm is set to evaluate the impact of the disaster, before resuming operation.
The Caixin PMI release has revealed to the world that the Chinese services sector activity had increased its pace of growth during the month of March. Growth has been caused mainly by new businesses.
The Chinese tech company Xiaomi has started to deliver its first SU7 electric vehicles. The firm has received orders for more than 100,000 cars.
Data for the Greater Toronto area has revealed that home sales have declined in March for a second month in a row. However, prices have risen, despite the decline in sales.
In March, inflation in the Euro Zone has unexpectedly declined to 2.4%. The news are strengthening the case for a European Central Bank rate cut.
For the first time since 2018, the Chinese government has announced that it would ease its car loan regulations. The government intends to boost demand for new vehicles.
Due to a rise in tourism, Hong Kong has reported a 1.9% increase in retail sales, in February. Meanwhile, tourism increased by 667.1% on an annual basis.
The President of the Minneapolis Federal Reserve Bank Neel Kashkari has just shook the financial markets. Neel Kashkari has stated that the Federal Reserve could keep interest rates on hold for the whole year, if inflation does not meet the central bank's expectations.
The airline of Richard Branson Virgin Atlantic has announced that it would return to profitability in 2024, as demand has reached a record high.
For the first time in four years, the Japanese economic output has reached full capacity. The recovery signals that the Bank of Japan has room to hike interest rates to battle inflation.
The US Federal Deposit Insurance Corp has started to consider proposing new regulation that would stop State Street, Vanguard and BlackRock from impacting the management of US banks. The major global asset managers have been known for setting rules and demands on firms, which seek capital investment.
This week, General Electric has finished a split into three separate companies. The event marks the end of the 132 year old conglomerate. The aerospace and energy divisions of GE have started to trade separately on the NY Stock Exchange.
General Motors have revealed that their vehicles sales have declined in the US in the first quarter of 2024. However, the US manufacturer has still sold more than Toyota.
In an effort to find more funds for lending, the World Bank has set out to issue new hybrid notes for a total amount of up to $1 billion.
In March, the sales of Tesla vehicles made in China had increased by 0.2% on a year on year basis. However, the growth does not offset the major miss of total global deliveries that was revealed this week.