The activist investment firm Elliot Investment Management has revealed that it has built up a $2.5 billion stake in the chipmaker Texas Instruments.
Campbell Soup has started to restructure its manufacturing by firing 415 employees at various state plants.
The Institute for Supply Management has published the US Manufacturing sector Purchasing Managers Index. The index has come in below expectations. US Dollar index reacted to the news by dropping 0.16% and extending a prior decline.
Despite still moving higher, consumer inflation in Brazil has reportedly been lower than expected. In May, markets expected a 0.48% price rise, but actual increase is 0.44%. However, comparing it to the prior rise of 0.21%, it signals a return of inflation.
In April, prices for Japanese corporate services have increased at the fastest pace since March 2015. The new data is set to pressure the Bank of Japan to hike interest rates.
Due to increasing rivalry with gasoline engine makers, BYD has revealed a new car that is using plug-in hybrid technology.
US firm T-Mobile has set out to buy out the regional company's US Cellular wireless operations, customers, stores and 30% of spectrum assets. The deal is set to amount to $4.4 billion.
This week, in the aftermath of a stock sale of $933 million done by the firm's management, the stock price of GameStop was observed to be recovering.
UBS Global Research has increased the end of year S&P 500 price target to 5,600. The target indicates an upside of more than 5.00%.
The Vietnamese electric vehicle maker VinFast has been considering buying a production plant in the United States for a total of $4 billion.
The Bank of Japan Board Member Seiji Adachi has hinted that the central bank could increase interest rates, if a decline in the Yen would cause more inflation.
As the European Union has been moving to increase tariffs on Chinese made electric vehicles, the Chinese government has decided to negotiate and make a deal with the EU.
The union of the workers of the South Korean giant Samsung Electronics has announced that the workers could strike next week unless its demands for higher wages were met.
The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline.
International Monetary Fund has raised its forecast for Chinese GDP growth, as the organization expects the Chinese economy to grow by 5.00%.
The mining company Anglo American has rejected BHP Group's offer to extend takeover talks further above the set deadline.
Most recent forecasts reveal that, as millions seek to acquire the weight loss drugs from Novo Nordisk and Eli Lilly, the total market could grow to $150 billion by early 2030s.
It has been reported that due to travellers looking for savings opportunities the prices for airline tickets might have peaked in Europe and Asia.
The Toyota Motor Company has showcased new compact engines that can be adapted to various fuels.
Reuters has revealed that Chinese government data shows that in April iPhone sales in China surged by 52%.
The President of the Minneapolis Federal Reserve Bank Neel Kashkari has stated to CNBC that the Fed needs to see more signs of declining inflation before a rate cut.
Reuters has reported that Amazon has been in talks with the Italian government about investing billion in expansion of cloud infrastructure.
In April, the inflation measure that is used by the Bank of Japan has declined and reached below the 2.0% measure for the first time since August 2022.
In 2023, Japan has remained world's top creditor, as its net external assets have reached a new record high level.