US bankruptcy court has approved the restructuring of the crypto lender Celsius network and the creation of a new company.
Hollywood studios and other media firm stocks have recently surged due to a tentative deal that would end the ongoing actor strike.
The National Highway Traffic Safety Administration has ordered Tesla to recall 159 vehicles due to incorrect airbag deployment.
The pharmacy firm AstraZeneca has increased its 2023 earnings forecast, as it expects to profit from new anti-obesity drugs.
As the Chinese EV firm Zeekr Intelligent prepared for an US initial public offering, it has revealed that it has suffered losses in the first half of 2023. The news caused a sell off of competing electric vehicle firms.
Financial media outlets have attributed the recent decline in stock prices to comments made by Jerome Powell the week prior. Meanwhile, analysts note that the stocks had surged for eight trading sessions, which had not been observed since December 2022.
Due to legal errors made by a European Union tribunal, advisers to the European top court have suggested the reopening of a 13 billion Euro tax case against Apple.
Due to the release of the new Xiaomi phone model, the company has reached a new sales record. The sales of Mi14 series have exceeded one million smartphones sold.
Reuters poll results have revealed that most likely inflation had declined in India to a four month low level of 4.80.
United States average 30-year mortgage rate has declined by a quarter of percentage point down to 7.61%. The rate has experienced the largest weekly drop since July of 2022.
Ahead of taking over the G20 presidency, Brazil has prepared to implement a global 15% tax on multinational company profits.
After stagnating in September, Chinese October Consumer Price Index has returned into the negative zone. In October, consumer prices declined 0.2% on a year on year basis and, compared monthly, a 0.1% decline has occurred.
Chinese media has reported that NVidia intends to release three new chips that are designed for the Chinese market in an effort to avoid US high-end chip sales ban.
Due to a 37% decline in profits at the chips division, Sony has reported lower than expected quarterly profits. Quarterly operating profits have decline by 29%.
The new CEO of Bayer Bill Anderson has been considering separating the firm's consumer health business from the agriculture unit to revive the company's share price.
Reuters has revealed that Amazon has dedicated a new team to train a new AI model that has been codenamed Olympus.
In the aftermath of the tax document leak scandal, Pricewaterhouse Coopers Australia has announced that it would fire hundreds of employees, as major clients have cut ties with the firm.
Reuters has reported that Chinese buyers have made their largest one-day purchase of US soybeans. Chinese firms have been buying up food on the global market due to various production issues.
CNBC has reported that Citigroup has been considering cutting at least 10% of jobs in various major businesses of the group.
Large tech companies are set to face new political ad rules that would force companies to reveal which elections are targeted and who paid for the advertisement.
The International Monetary Fund has increased its GDP growth forecasts for China in 2023 and 2024. 2023 expectations have been increased from 5.00% up to 5.40%. 2024 forecast is increased to 4.6% from 4.2%.
Reuters has reported that Intel has shelved its plans to expand its operations in Vietnam. The previously intended expansion would had doubled the company's operations in the country.
Italian courts have ordered the seizure of nearly 780 million EUR of Airbnb Irish headquarters funds for alleged tax evasion.
The European Central Bank has announced that the euro zone is unlikely going to experience a consumption boon, as most savings have been accumulated by the rich households.