Reuters has published research results that indicate that British Chief Executive Officers have received record pay for the fiscal year of 2023.
United States auto safety authorities are investigating Hyundai due to a potential issue of seat belts of nearly 330,000 vehicles.
The electric vehicle maker Nikola has published smaller than forecast quarterly financial losses, which has caused the recent surge of the firm's stock price.
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. In general, the data has revealed below expected inflation. The US Dollar is reacting to the news by declining.
The London Stock Exchange Group has reported that global investors have bought almost $100 billion of money markets products in the seven days leading up to August 7.
Due to potential strikes and disruptions in the shipping industry during the holiday period, US retail firms have started to import goods designated to be sold during the holidays.
Various analysts and research firms have revealed that global demand for crude oil would have to increase at a faster pace to meet the higher global production.
Reuters has released a report on how US and Canadian companies have continued to reduce employee numbers in an effort to continue to cut costs.
Reuters has published a report that reveals that various research firms have shown that the recent global stock drop was bought by mostly the retail investors and traders.
Palantir Technologies have announced that they would deploy an Artificial Intelligence Platform on Microsoft cloud platforms.
The parent company of Burger King, Restaurant Brands International has managed to pass market expectations for quarterly earnings, as demand for Burger King and Tim Hortons fast food has remained resilient.
The German carmaker BMW has announced a recall of 100,000 vehicles in the United States due to an issue with starter motor.
The Chief Executive Office of one of the top European investment firms, Allianz, Oliver Baete has commented that high public debt is posing risk to sovereign bonds.
Due to a decrease of US consumer spending, various travel companies have reduced their 2024 income forecasts.
The Brazilian jet maker Embraer has revealed that the firm's quarterly profits have increased by 40%. In addition, the firm has reported rising plane delivery numbers, which indicates at a continuation of the profit growth trend.
The United States have become the top trading partner of Germany. The US have overtaken China, which had been German top trade partner for eight years.
Exchange data has revealed that, in the aftermath of the Bank of Japan rate hike, foreigners sold off Japanese stocks for a total value of $7.33 billion. The selling occurred during the week ending August 2nd.
Consumer and luxury goods firms have experienced a stock decline. The sell-off is attributed due to the fact that consumers around the world have run out of accumulated savings and are no longer adapting to price increases.
The major US bank J.P. Morgan has raised its recession by end of 2024 expectations to 35%. In the meantime, markets have priced in a 50 base point rate cut by the Fed in September, which signals that the economy might need saving as soon as mid-September.
In the aftermath of Monday's sell-off and VIX spike, traders shorted the volatility index in expectations of the market calming down. However, as reported by Reuters, various market participants have lost billions, as the VIX moved higher during mid-week.
Goldman Sachs analysts have revealed to their clients that in their opinion, the worst part of the market sell-off is over. However, there might be additional losses and big directional bets should not be taken.
Telecommunications firm Viasat has increased its 2025 profit expectations due to increasing demand for satellite communications from the aviation and defence sectors.
Data for July has revealed that car sales in China have continued to decline for a fourth month straight. On an annual basis, vehicle sales have decreased by 3.1%.
The passengers of the US airline Delta have sued the firm due to the airline refusing to refund flights that were cancelled during the recent CrowdStrike outage.