The United States quarterly advance Gross Domestic Product data has revealed that the country's economy has recovered by 4.9%.
The ECB has just revealed to the world that it is set to keep its Main Refinancing Rate unchanged at 4.50%. Market analysts expected the central bank to act this way. The news caused no immediate change in the value of the Euro.
On Thursday, stock indices continued to decline, as the sell off gained more momentum due to the release of quarterly earnings.
The oil giant Chevron Corporation has went into an all-stock deal to buy the Hess Corporation for a total of $53 billion.
The EU Tax Observatory has announced that a global billionaire tax might result in a total tax yield of $250 billion.
The impact of new anti-obesity drugs has been speculated to move on to food maker stock prices. Namely, if the consumers are capable to overeat and overdrink and avoid health risks by taking the new drugs, the food producers are set to increase their sales.
The Swiss drug maker Roche has made a deal with Pfizer and Roivant to purchase the right to a new bowel diseases drug for a total of $71. Billion.
The airplane maker Airbus has scored a $1.27 billion contract to upgrade and further service the French fleet of A330 Multi Role Tanker Transports.
The US White House has decided to create 31 new regional tech hubs that would make them eligible for $500 million in federal funding.
The Japanese competition control authorities have started an investigation of Google possibly breaching antimonopoly laws in the segment of web search services.
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook.
The total unrealized losses on securities of the Bank of America have increased to $131.6 billion. However, the bank does not expect them to generate actual losses.
The third quarter Gross Domestic Product numbers have revealed an increase of 6.2%, compared to the previous quarter. Year on Year, the GDP has increased 4.9%.
The Taiwanese company Foxconn and US chip maker NVidia have announced a new partnership that is set to concentrate on new Ai factories.
Bloomberg News have reported that Singapore authorities have started an investigation of possible money laundering at Credit Suisse.
Despite limiting exports to China, the US government has included in recently released rules a clause that allows the semiconductor companies to suggest ways of exporting small and medium size system chips.
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%.