The retail giant Amazon has announced that it would increase pay-outs in the Delivery Service Partners programme by a total of $2.1 billion. Namely, Amazon intends to pay more to its partner delivery firms that employ the brand's drivers.
The grocery firm, Kroger, has reduced its lower end annual sales forecasts. The firm has increased the minimum expected income due to a successful low price campaign.
Once again, McDonalds has extended the $5 promotion of its value meal deal. The offer has been extended into December in most US restaurants.
Reports have been coming in that Siemens will build a new high speed train production factory in upstate New York. The products of the firm will be used to construct high speed train infrastructure between LA and Las Vegas.
As demand for electric vehicles has continued to decline and competition from China has increased, auto producers have reduced their plans for electrification. The market firm Rho Motion has revealed that EV and hybrid sales in 2024 have grown below expectations.
Deloitte has published a report that indicates that holiday season sales in the United States are set to increase at the slowest pace since 2018.
The Japanese monetary policymakers have kept the base interest rate for the Yen unchanged at 0.25%. However, the bank's statement has revealed that consumption in the country has been rising, which indicates that the bank might raise rates in the future.
The Chief Analyst of the shipping price platform Xeneta Peter Sand has commented that the Trump's proposed import tariff hikes are bound to increase shipping costs and subsequently cause inflation.
MasterCard has bought the threat analysis firm Recorded Future from Insight Partners for a total of $2.65 billion.
The European Union has rejected an offer made by Chinese EV exporters. The offer included a minimum price system that was aimed at avoiding tariffs. Namely, the firms offered to increase prices without paying tariffs to the EU government.
A stand-off between the airline Air Canada and the firm's pilots has escalated, as the airline has asked the government to step in and stop an ongoing pilot strike.
The major asset manager Lazard has reported that the firm has experienced outflows of $7.5 billion during August, as clients reportedly have switched to passive investing strategies.
At 11:00 GMT, Bank of England in its Monetary Policy Committee has decided to keep interest rates unchanged. As forecasted, official Bank rate of GBP has not changed 5.00%.
The International Monetary Fund has expressed support to the imminent start of a United States Federal Reserve monetary easing cycle. The IMF bases the support on a slowing down global economy.
The clothing chain Zara has announced that it intends to start offering second-hand clothes services to US customers starting from October. The services, among which are repairs and donation options, are aimed at reducing waste.
The United States Federal Reserve has cut interest rates more than the markets expected. The Fed has cut 0.50% instead of 0.25%. The larger than expected USD rate cut initially caused a USD decline, as the demand for USD to pay off loans is set to decrease. However, by the start of Thursday's European trading hours, the Dollar index was
During the recent turmoil around the US Presidential Election, cryptocurrency stocks have revealed that they react to the polls. In general, the stocks favour a Trump victory instead of Harris win.
The owner of Zara shops, Inditex has revealed that the firm expects sales to increase in early autumn after a slowdown in summer.
Due to a decline in demand for beer, US barley farmers have turned to wheat and feed grade barley. The farming sector is expected to suffer a decline in income, as the new crops are priced lower than the previously grown.
Reuters has reported that Samsung Electronics intends to start a cost-cutting program that would include the firing of up to 30% of its workforce.
The football club Manchester United has reported a fifth year of financial losses, as net losses have increased to 113 million GBP.
The Chief Executive Officer of the Bank of America Brian Moynihan has recently commented that Warren Buffett has been a great investor of the bank, but the CEO has not asked Buffet why he has made recent sales of the firm's stock.
The United Kingdom's Office for National Statistics has published the country's monthly Consumer Price Index data. Annual inflation in the UK remains at 2.2%, which indicates that the Bank of England has to keep monetary policy tight. This fact caused an appreciation of the GBP.
The government of the Netherlands has clarified that ASML has to acquire a licence to provide spare parts for equipment that has been sold to China.