After the US stock market closed on Tuesday, NVidia published the company's third quarter financial results. In general, the company has beaten expectations and even increased further outlook. However, concerns regarding future sales in Asia persist.
Reuters has reported that a recent surge in hybrid vehicle sales in China have created a new threat to non-domestic vehicle makers, as Chinese brands have emerged as winners in a recent price war.
The US Securities and Exchange Commission has sued the crypto exchange Kraken for failure to register with the regulator.
The United States auto safety regulators have started an investigation of KIA and Hyundai recalls of 6.4 million that had been done due to brake fluid leaks.
The Financial Time has reported that Blackstone is set to close its multi-strategy fund due to its assets dropping almost 90%.
Reuters has reported that employees of the Citigroup bank are expecting to get fired, as the bank starts a major reorganization.
Nearly 500 employees of OpenAI have sent a letter to the board pf the company threatening to quit and join the recently fired CEO Sam Altman at his new employer, Microsoft, unless the board resigns.
Due to the recently announced further OPEC+ oil production cuts, crude oil price benchmarks have started a surge.
The recently fired Chief Executive Officer of OpenAI Sam Altman has been hired by Microsoft. Market commentators have expressed that the move is set to benefit the stock price of MSFT.
The London Stock Exchange Group has named Micel-Alain Proch as the new Chief Financial Officer of the exchange.
During Monday's trading, the Japanese stock indices reached a three decade high level. Namely, the Nikkei index reached levels not seen since 1990.
The new obesity drug maker Novo Nordisk has invested additional $6 billion in new factories. The CEO of the company has stated that the production volumes still remain far below global demand.
The United States have started to increase beef imports, as exports of the same type of meat has been reduced. The trend has increased costs for meat processors like Tyson Foods.
The Wall Street Journal has reported that Meta Platforms has made a deal with Tencent Holdings to sell new low-cost virtual reality headsets in China.
Apple has agreed to pay $25 million to settle a case with the US Department of Justice over allegations of favouring immigrant workers over US citizens.
Travel analysts at ForwardKeys have revealed that global travel demand has declined due to cancellation of trips to the Middle East in the aftermath of the start of the war.
The giant asset management firm BlackRock has applied to create a new Ethereum trust fund that could result in the creation of a new ETF.
Reuters has reported that Country Garden intends to have a prepared offshore debt restructuring plan by the end of year.
US bankruptcy court has approved the restructuring of the crypto lender Celsius network and the creation of a new company.
Hollywood studios and other media firm stocks have recently surged due to a tentative deal that would end the ongoing actor strike.
The National Highway Traffic Safety Administration has ordered Tesla to recall 159 vehicles due to incorrect airbag deployment.
The pharmacy firm AstraZeneca has increased its 2023 earnings forecast, as it expects to profit from new anti-obesity drugs.
As the Chinese EV firm Zeekr Intelligent prepared for an US initial public offering, it has revealed that it has suffered losses in the first half of 2023. The news caused a sell off of competing electric vehicle firms.
Financial media outlets have attributed the recent decline in stock prices to comments made by Jerome Powell the week prior. Meanwhile, analysts note that the stocks had surged for eight trading sessions, which had not been observed since December 2022.