The US Bureau of Labor Statistics has published the United States inflation data. The US Consumer Price Index monthly change, Core CPI and annual CPI change have revealed that inflation is even higher than expected.
The ex-CEO of Tesla Martin Eberhard has stated that it is a shame hat Tesla would cancel the firm's low-cost car development plans.
Reuters has reported that Samsung could receive up to $6.6 billion in semiconductor subsidies from the US government to expand its operations in Texas.
US bank group Wells Fargo has increased its 2024 end year target for the S&P 500 to 5,535.00. This is the highest target among brokerages.
The Bangkok International Motor Show organizers have reported that during the show a 27.5% increase in orders has occurred, compared to 2023.
The sentiment in the Japanese services sector has declined in March, as bad weather and increasing living costs have forced consumers to reduce spending.
The CEO of Ferrari Benedetto Vigna has revealed that the company would increase their expertise in electric vehicle battery cells. However, the firm has no plans to manufacture batteries.
Various luxury brand investors have been reducing their exposure to brand stocks, as a decline in demand in China has been observed. Consumers have been spending less in 2024, compared to 2023, when COVID restrictions were lifted.
The CEO of JPMorgan Chase has sent the annual letter to the bank's shareholders. The letter has been celebrating US economic power and leadership in the world.
In February, for a 23rd month straight Japanese real wages have been declining, as increasing inflation has offset wage increases. Recent union pressured salary raises have not improved the wellbeing of Japanese consumers.
Reuters has reported that the US President Joe Biden and the Japanese Prime Minister Fumio Kishida are set to discuss a potential revival of the first US bullet train project. The project would create a fast rail infrastructure in Texas.
The stock price of Trump Media & Technology Group has extended its decline by declining additional 12% on Monday.
During Tuesday's trading session, Asian stock indices rose. The surge was attributed to Asian stocks gaining from a broad surge in commodity prices. Gold, oil, copper have been reaching high levels.
The Taiwan Semiconductor Manufacturing Company has been approved to receive $6.6 billion in subsidies from the US government to create a new factory in Arizona.
The US Treasury Secretary Janet Yellen has stated during her visit to China that the US would not tolerate imports from China that would decimate US industries.
The world's second largest memory chip producer has laid out a plan to invest $3.87 billion in a new AI product development, research and packaging facility in Indiana.
Reuters has revealed that the production of Boeing 737 airplanes has fallen due to increased US regulator inspections.
First quarter 6.8% US sales increase of Ford vehicles has been driven by hybrid car and pickup truck sales.
The Chief Executive Officer of Stellantis Carlos Tavares has stated that electric vehicle batteries have be reduced in weight by 50% during the next ten years to make electrification meaningful.
Reuters has reported that the US President Joe Biden is set to sponsor nearly 30 million in student debt by covering it from the federal budget. The news caused a drop of the US Dollar, as the student debt amnesty is set to flood the market with additional supply of USD.
The stock price of Amazon has extended its surge. On Monday, the share price of the company touched the $187.26 level and booked a new all-time-high level.
Amazon Web Services have revealed that it has fired hundreds of marketing, sales and tech employees.
The US retailer Costco Wholesale has announced that it would offer its members new weight loss programs that include the drugs Ozempic and Wegovy.
The President of the Atlanta Federal Reserve Raphael Bostic has recently revealed that he expects the Fed to cut interest rates only once in 2024. Moreover, the rate cut could occur at the end of the year.