The price for Bitcoin has experienced one of the worst weeks in a year due to suspected dumping from the Japanese Exchange Mt. Gox and leveraged market participants.
The Wall Street Journal has reported that Brigade Capital Management and Arkhouse Management have increased their bid for Macy's by nearly 6.9$ billion.
In June the sales of Volvo cars increased due to a boost from new electric model sales. The new EX30 SUV has caused an 8% increase in sales.
Telecoms firm Ericsson has received another one billion dollar charge for the acquisition of Vonage in 2021. The news of more costs caused a decline of the firm's stock price.
The CEO of the German airline Lufthansa has revealed that the company would consider increased the firms stake in ITA Airways to 90%.
In June, foreign investors have been investing in the Chinese markets. The flow of funds has been attributed to expectations of a US Federal Reserve rate cut, which would make US investments less profitable.
An estimate of 27 analysts from LSEG SmartEstimate has been published and revealed that the profit of Samsung Electronics is set to have increased 13-fold to $6.35 billion. The surge has been attributed to the AI frenzy.
Nikkei has reported that Nissan and Honda are set to work together on EV charging infrastructure and software.
Reuters has published the opinion of a think tank that Japan could experience a shortage of workers of at least one million by 2040.
The United Nations have reported that Chinese firms have been leading in the race for registering generative artificial intelligence patents. China has reportedly filed for six times more patents than the closest rival the United States.
The fund network Calastone has reported that UK investors have bought additional 11.4 billion GBP in equity funds in the first half of 2024.
Hyundai Motor Group and LG Energy Solution have opened up a new electric vehicle plant in Indonesia.
Market data indicates that the financial world has started to focus on US Presidential Election instead of the US Federal Reserve monetary policy.
The US Bureau of Labor Statistics has just released the US monthly employment data. In general, the data shows a mixed job environment. The US Dollar is reacting to the news by an initial spike up and then starting a decline.
The Handelsblatt has reported that the Italian government intends to order 350 infantry fighting vehicles and 200 main battle tanks from Rheinmetall. The order is set to amount to 20 billion Euros.
The Swiss banking group Credit Suisse has received a fine from South Korean authorities. The bank has been fined for illegal equity short selling.
IMF'S Kammer has stated that recent Euro Zone inflation data indicates that the European Central Bank can continue to cut interest rates.
The results of a poll done by Reuters have revealed that market analysts do not expect emerging market currencies to recover their losses against the US Dollar at least until the end of 2024.
President of the Chicago Federal Reserve Bank Austan Goolsbee has commented that he has observed signs of a weakening economy.
Toyota Motor Corporation has reported a 9.20% increase of sales in the United States. Sales have been driven higher by demand for SUVs.
Second quarter US auto sales of General Motors have continued to grow. However, the growth pace has slowed down, as sales increased only 0.6%.
This week, the head of the US Federal Reserve Jerome Powell made a speech on monetary policy. The main message behind the speech was that more data is needed before USD interest rate cuts.
Reuters has reported that NVidia could be charged by French regulators for anti-competitive practices.
The Chinese Electric Vehicle producer BYD has published a 21% quarterly increase of electric vehicle sales.