The third largest bank of Canada, the Bank of Montreal, has announced that it would close its retail auto financing business. The move is set to result in major job losses.
The US antitrust lawsuit against Google has continued into its second week, as the lawmakers have called to testify Verizon executives.
Reuters has compiled and published a report on how Goldman Sachs, Morgan Stanley and Citigroup have started to lay off employees in an effort to save costs.
Due to rising interest rate costs, the losses of the Federal Reserve in 2023 have reached above $100 billion, as reported by the Federal Reserve.
The state of California has sued oil companies for the downplaying of environment risks that have been posed by the use of fossil fuels.
The President of the European Central Bank Christine Lagarde has been reported by Reuters to have ordered the seizure of the cell phones of the ECB council for the duration for the policy meetings to avoid information leaks.
Goldman Sachs has announced that the US Federal Reserve is unlikely to raise interest rates during the November FOMC meeting.
Chinese police have arrested a number of Evergrande wealth managers in the south of the country, indicating a new upcoming investigation.
The workers unions of Stellantis have called for a one day strike in Italy due to the lack of information about future production.
The US Detroit automaker worker strike has continued into a fourth day, impacting top three United States automaker stock values.
The Chinese government has announced sanctions against US arms manufacturers for sale of weapons to Taiwan. Lockheed Martin and Northrop Grumman are set to be sanctioned. However, there is no clear announcement how the firms might be impacted due to them not selling to China
The Russian Central Bank has increased its base interest rate up to 13%. The central bank has been attempting to prop up the declining Rouble.
The US monthly release of Consumer Price Index has revealed that inflation in the US has inched up to 3.7% instead of the expected 3.6%. However, this is another increas,e compared to 3.3% in August and 3.1% in July.
The European Union has started to investigate the imports of Chinese electric vehicles for the possible need of implementation of tariffs.
The release of the new iPhone 15 has received a mixed reaction across the world, as even Chinese consumers prefer Huawei.
The Financial Times has reported that Goldman Sachs intends to fire employees that the bank considers underperformers.
The Governor of Bank of Canada Tiff Macklem has stated that interest rates might not be high enough to decrease inflation. The central bank has recently kept its base rate at 5.00%.
The Citizen Lab group has recently revealed that they have found Israeli firm's NSO spyware on Apple devices.
Walmart stores have announced that the company would adjust its entry-level employee pay structure. In general, entry level workers are set to have their wages reduced.
Starting from Friday, Australian liquefied natural gas project employees of Chevron went on strike, as talks broke down. The strike affects 5% of global supply.
The Chinese government has increased its curbs on use of IPhone by government employees. Namely, employees have been forbidden to use phones at work.
The carmaker Stellantis has announced that the company expects internal combustion engine vehicles to remain in use until at least 2050.
This week, the US weekly jobless claims had reached a low level not seen since February. Moreover, it has been announced that productivity had reached a high level not seen for years.
The Tesla factory in Shanghai has hit a new record, as it has produced a total of 2 million cars.