The US Securities and Exchange Commission has fined Citigroup and a former unit of the banking group a total of $1.975 million. The fine has been issued for making illegal securities recommendations to retail clients.
In August, US pending home sales declined more than expected, which signals a fall in economic activity. The National Association of Realtors Pending Home Sales Index has declined in July by 7.1% or down to 71.8 in August from 77.3 in July.
Euro zone inflation has reached a low level not seen for 2 years, as consumer prices on an annual basis in measured 20 countries had risen in September by 4.3%. However, the number is still far away from the desired inflation rate of 2.0%.
Due to warmer than expected September, retail clothing stores have reported lower winter clothing sales and piling up inventories.
Due to the release of the Nike quarterly financial results, the stock price of the company started Friday's trading with a gap up of 11.00%. However, the higher opening was followed by a step decline.
A survey done by Reuters has revealed that New York has remained the top global financial centre. Meanwhile, London has managed to keep its second place, despite facing competition from Singapore and Hong Kong.
Due to strong domestic production, in August, Toyota has increased its global output on an annual basis by 4.00%. Domestic production had increased by 22%.
Despite holidays, the Chinese consumers have decided to mostly stay at home, which is another signal of a slowing down economy.
This winter, Ryanair is set to reduce number of flights due to delays in the delivery of Boeing airplanes.
The Former United States President Donald Trump has revealed that it does not matter whether the union of autoworkers strikes a deal with car producers, as the shift to electric vehicles would still make their jobs obsolete.
The Chinese authorities have published a list of mobile app stores that have been complying with new regulation. Experts have spotted that the list of 26 app stores does not include Apple Store.
The publication of the United States Final Gross Domestic Product has caused a drop of the US Dollar. Namely, the finalized quarterly GDP data revealed that GDP had increased by 2.1% not the expected 2.2%.
As global supply decreases, crude oil prices have continued to surge. Since mid-September oil price benchmarks have been near the $90 level.
The US President Joe Biden has stated that the striking Michigan autoworkers should demand a 40% salary increase. The President appeared before strikers just a day before Donald Trump intends to speak to the auto workers.
The decrease of Chinese industrial profits had continued over the period from January up to August. During the eight months of 2023 the profits had declined by 11.7% on an annual basis.
The retail clothing chain H&M has blamed the warm September weather for a decline of sales. Namely, sales declined by 10%, as consumers continued to wear prior season clothing.
Toyota has announced that it would combine new technology and traditions of lean methodology to catch up with other carmakers in the electric vehicle segment.
US Energy Information Administration has revealed that US oil output is set to mark a third consecutive months of decline. The news boosted crude oil prices.
The Prime Minister of Israel Benjamin Netanyahu has urged Elon Musk to balance fighting hate and free speech on the X platform.
Reuters has revealed that the US Presidential administration has been working on new measures that would help small businesses in Cuba.
The Canadian government has announced that a five top Canadian grocery retail sale chains have agreed to help the government in stabilizing food prices.
It has been revealed by the Wall Street Journal that Tesla has been in talks with Saudi Arabia about the potential construction of a new electric vehicle factory.
US retail store chain Macy's has announced that it would hire 38,000 employees for the holiday season sale. However, the number is smaller than previous years. In 2021 the company hired 71,000 thousand employees.
The President of Turkey Tayyip Erdogan has asked the CEO of Tesla Elon Musk to build a factory in Turkey, as the country was revealed to be one of the top candidates for new construction.