The tech firm Nokia has revealed that a German court has ruled in its favour in the patent case against Amazon.
General Motors has announced the laying off of 1,700 employees at the firm's Kansas factory. The firing is set to start on November 18.
The US Commerce Department has proposed the ban of Chinese autonomous driving software and hardware from US roads due to national security concerns.
FINMA has ordered an audit of the last months of Credit Suisse, as the regulator wants to find out how the now defunct bank was managed prior to its demise.
Various tech giants have merged forces to lobby and persuade the European Union to reduce regulation of new Artificial Intelligence technology.
The aeroplane producer Airbus has announced that it would deliver the new longest-range narrow body jet in October. Previously, the firm was expected to deliver the A321XLR in late summer.
The new Chief Executive Officer of Nike Elliott Hill has increased the firm's efforts to restore relation with retailers. Namely, the firm is reversing the prior strategy of using firm stores and websites.
The US carmaker General Motors has issued a recall of 450,00 pick-ups and SUVs due to a warning light issue.
The US Dollar is declining and with it, boosting asset prices, as Personal Consumption Expenditure Index has revealed that consumer inflation in the USA is below forecast. This in turn signals that the Federal Reserve can continue to ease its monetary policy.
The payment card firm MasterCard has announced that it expects US holiday sales to increase by 3.00%, compared to the holiday season of 2023.
The retail clothing chain H&M has announced plans to reduce prices and offer a wider than usual range of clothes during the holiday season in an effort to increase overall sales.
Regal, AMC and other US theatre firms are set to invest nearly $2.2 billion in upgrading their locations in USA and Canada.
This week, the stock price of Micron Technology experienced a major surge of more than 26.00%. This surge occurred due to the firm revealing that there is high demand for its products, which is set to result in major profits during the next quarter.
United States banking stock prices have experienced a boost due to the recently occurred US interest rate cut, as the decreased rates are reducing credit risks and costs.
In the second quarter of 2024, the United States current account deficit has increased and reached the highest number in more than two years.
Construction of single family homes in the United States has started to recover, as US interest rate cuts have created demand. Meanwhile, market analysts do not expect prices to rise, as supply is expected to meet the demand.
Amazon has announced an increase of its worker pay in the transportation and fulfilment units. Workers are set to be paid an additional $1.5 per hour.
The CEO of GameStop Ryan Cohen has agreed to pay a $1 million fine to settle a US regulator claim that Cohen did not report a purchase of Wells Fargo shares valued at $100 million.
The online platform YouTube has partnered up with the e-commerce firm Shopee as part of an expansion of online shopping services in South East Asia.
The Swiss National Bank has reduced its Policy Rate from 1.25% down to 1.00%. The rate cut was expected. Due to this reason, the Swiss Franc did not lose value. An hour after the rate reveal, the rate returned to trade near 0.8500.
The owner of Google, Alphabet, has won a legal case against the European Union antitrust regulators and is not going to pay a 1.49 billion EUR fine.
Citigroup has conducted a survey of wealthy clients. The survey has revealed that wealthy families have increased investment in risk assets and have reduced cash holdings.
Reuters has published a report that indicates that 2024 US holiday hiring at retailers is set to be lower than the one in 2023. Retailers hired 564,200 seasonal workers in 2023. Expectations for 2024 fluctuate around the 520,000 mark.
Starting from November, Walmart is set to increase the hourly pay for 100,000 employees. Entry level workers will make $16 per hour instead of the prior $15.