The Japanese stock index Nikkei 225 has reached above the 35,000.00 mark for the first time since February of 1990.
Due to a drought Maersk is set to avoid the Panama Canal and use rail transport to ship containers. The drought is set to add even more to global shipping costs, as the Suez Canal is being avoided due to terrorist attack risks.
Alphabet has revealed that Google is set to fire hundreds of employees in the engineering hardware and assistant teams. Most of the layoffs would occur in department responsible for Augmented Reality.
The United States Bureau of Labour Statistics has published the United States Consumer Price Index data. The data revealed that inflation in the United States is higher than expected. The US Dollar is surging and the stock market is dropping.
The United States Securities and Exchange Commission has approved the long awaited new Bitcoin Equity Traded Funds. The announcement fuelled a surge of the crypto that was heading to the 48,000.00 mark.
The electric vehicle maker Tesla has announced a new restyled Model 3 for the North American market.
China Passenger Car Association has published 2023 market data. The data revealed that Volkswagen and Toyota have lost 0.6% of total market share to other producers.
The world's biggest asset manager BlackRock has announced that it would fire 3% of its workforce by laying off 600 employees.
The Japanese carmaker Honda Motor has revealed plans to introduce new electric vehicles in 2026. The company has been playing catch up to its rival sin the EV sector.
The United States administration has revealed the final version of new legislation that would make it difficult for companies to hide their actual employees under contractor laws.
A US Federal Judge has ruled that Google might have to pay $1.67 billion to a scientist, who claims that the company had infringed on his AI related patents.
For the first time in five months, US small business sentiment index increased in December. However, the data revealed that entrepreneurs still worry about inflation.
The US Securities and Exchange Commission has announced that it would investigate the Tuesday's fake post about approval of Bitcoin ETFs. The post caused a jump of the crypto to $48,000.00. However, the reveal that it is fake reversed the move.
Reuters has revealed that Airbus is nearing the closure of making a deal with Delta Air Lines for the delivery of dozen wide-body airplanes.
Hewlett Packard Enterprise has been reported to be nearing a $13 billion acquisition of Juniper Networks. The deal could be announced as soon as this week. However, the market has already reacted to the news, as HP has dropped 7.7% and Juniper stock surged 21%.
Data for November has revealed that during the month industrial output dropped in Germany. The decline marked a sixth month of consecutive declines.
The Chinese electric vehicle producer BYD is set to enter the Indonesian market starting from next week.
A tech company lobby group has commented that the US regulator plans to supervise digital wallets could reduce innovation and even keep some companies out of the market.
The surge of the stock price of NVidia has resulted in the asset reaching a new all-time-high level by shortly trading above the $525.00 level. The stock price of the company started to surge on Monday due to the company announcing a new desktop GPU. The new GeForce RTX 40 Super series processors are set to use artificial intelligence.
On Tuesday, oil prices stopped the previous decline, as markets looked for the publication of American Petroleum Institute weekly data at 21:30 GMT.
After breaking the previous all-time-high level, the price for NVidia continued to move higher, as the $525.00 mark was highly likely set to be reached on Tuesday.
This week, the price for Bitcoin has already reached $47,000.00 levels, as the markets await for the approval of a new Exchange Traded Fund. The creation of the new fund is expected to boost demand for the currency due to it being open as investment for a new type of investors.
The Chinese market regulators have announced that Tesla would have to recall 1.62 million cars due to software issues.
Reuters has reported that the Chinese government has been pushing new equity fund launches in an effort to strengthen the stock market.