The US government has revealed that it is near the completion of new chip making tool export restrictions that are set to limit sales to China.
The events that unfolded during the weekend in Israel and Gaza have caused a major impact on the financial markets, as soon as trading had resumed. The Israeli currency hit an 8-year low. Oil prices surged. The price for gold and other safe haven assets started to rise.
Scope Ratings has announced that the high Italian sovereign budget deficit might make the country ineligible for the ECB bond support scheme. The lack of support for bonds could cause a decrease of the country's credit rating.
The electric vehicle maker Tesla has announced a price cut in the United States for the Model 3 and Model Y cars by nearly 2.7 and 4.2%.
It has been observed by market participants that the price for orange juice has continued to reach new all-time high level each week for more than a month.
Bloomberg News has reported that Apple might switch Apple Safari browser's search engine from Google to DuckDuckGo.
US shoppers have experiences record prices for chicken, as producers have reduced production and shoppers increase demand due to a switch from beef and pork. Market analysts expect Tyson Foods to benefit the most from the price increases.
The United States Bureau of Labor Statistics has just published the monthly employment data. The markets were waiting for the release for most part of the week. In general, the event has caused a spike up of the US Dollar.
Reuters has published to the world how Citigroup managers intend to review its staff and decide upon reassignment or firing. In general, the banking group has started its largest reorganization in decades.
US healthcare worker unions and Kaiser Permanente have failed to make an agreement on contracts. The failure to negotiate has started a 75,000 medical worker strike, which is the largest in US history.
The US Energy Information Administration has reported that finished motor gasoline demand had decreased to 8 million barrels per day, which is the lowest level since the start of the year. Moreover, JP Morgan has reported that seasonally adjusted US gas consumption has hit a 22 year low. The news have caused an oil price decline.
Reuters has reported that Meta has started to lay off employees in the Reality Labs division, which is developing the Metaverse.
The latest release of HCOB Composite Purchasing Managers Index for the Euro Zone has revealed that demand in the economic block had declined in September at a pace not observed since 2020.
The chip producer Intel has announced that the company intends to set up a standalone business for its programmable chip division starting from January. The news caused a 2% surge of the company's price.
The Wall Street Journal has reported that due to the end of actor strike Netflix intends to increase subscription prices.
The stock price for the Scandinavian airline SAS has plummeted 95% due to the announced restructuring that is set to have the group delisted and existing ownership stakes are set to be erased.
US officials have announced that they had warned China that it can expect new export restrictions in October.
An appeals court in New Jersey has dropped the $223.8 million verdict that ordered Johnson &Johnson to pay four plaintiffs that had claimed to have developed cancer due to the company's talk products.
The airplane producer has set a record goal for 737 MAX production. The company intends to produce 57 airplanes per month by July of 2025.
Reuters has revealed that the US airline United Airlines is set to reveal orders for 110 airplanes from Airbus and Boeing.
After talks with the Chinese government, Apple has started to enforce new rules that require app makers to receive a government licence before releasing their app.
The X Corporation, which was formerly known as Twitter, has received a lawsuit by a legal-marketing company that claims trademark infringement.
Reuters has revealed that Joe Biden's proposed fuel economy standard increases could result in General Motors and Stellantis facing fines of $9.5 billion.
The Wall Street Journal has reported that representatives of Apple have met with Chinese government to discuss the ongoing crackdown on western mobile apps.