The online retailer Amazon has started to use Rivian electric vehicle vans for deliveries in Germany. The company is set to start with 300 vehicles. Amazon ordered a total of 100,000 vehicles from Rivian in 2019.
As the United States have set restrictions on technology exports to China, the Chinese government has replied with an export ban on metals that are used in the semiconductor industry.
The United States Bureau of Labor Statistics published the US monthly employment data sets at 12:30 GMT. The released data caused an immediate drop of the US Dollar, as these official data sets indicate that the US labor market is doing worse than previously assumed.
Meta Platforms has revealed that the company would launch a new app named Threads. The app intends to compete in the microblogging market against the current leader, Twitter.
The Founder of Taiwan Semiconductor Manufacturing Company Morris Chang has commented on US-China relations stating that national security and tech leadership takes precedent before globalisation.
Reuters has reported that Microsoft is set to be under investigation by European Union antitrust regulators, as negotiations between the company and authorities have failed.
The Automatic Data Processing Non-Farm Employment Change number is seen as a precursor to official US employment data. It was forecast that the US would have created 226,000 jobs in June. Instead the ADP data shows 497,000 new jobs created. Due to the news the US Dollar index surged by 0.31% in less than five minutes after the release.
The price for Bitcoin reached today the $31.500 level, which beat the previous June 23 high. By reaching the new high level, the price has booked a level not seen for 13 months. The last time BTC traded this high was in early June of 2022.
The South Korean company Samsung Biologics has revealed that is has closed manufacturing deals with Pfizer that amount to a total of $897 million.
The electric carmaker Rivian Automotive has beat second quarter vehicle delivery expectations. The announcement has caused a surge of the company's stock price.
Despite reducing its global workforce by 30%, UBS has reportedly been hiring US wealth managers that would serve rich American clients.
The spread between the two and ten year US Treasuries has reached a record not seen since 1981, as it has reached -109.50.
Various survey results for June have revealed that manufacturing has been declining in most Asian countries. In addition, a slowdown of growth has occurred in China.
Financial Times has reported that UBS Group AG intends to avoid the usage of the $10 billion Credit Suisse government backstop.
The Caixin Purchasing Managers Index data has revealed that in June factory activity declined in China, compared to May.
The share price of AstraZeneca has experienced a decline due to the company announcing that its lung cancer treatment trials have been lagging expectations.
Apple Inc has become the first company to reach above a market capitalization of $3 trillion. The stock price has been gaining due to the ongoing investor optimism in regards to more moderate US monetary policy.
On Sunday, Tesla announced that the company had delivered 466,000 vehicles in the second quarter of 2023. The market survey consensus was that the carmaker would deliver around 445,000 cars.
Crude oil prices have rallied at the start of this week due to Saudi Arabia extending its supply decrease through August.
Exxon Mobil and Tetra Technologies have agreed upon developing 6,100 of Lithium rich Arkansas land.
Toyota Motor has reported an increase of global sales in May by 10%, compared to May 2022. The company has sold 838,478 cars, compared to 761,466 in the year prior.
The stock price of Apple has continued to book new high levels as during the week it has reached the $190.00 levels. The stock surge has been attributed to a broader tech stock surge that has been fuelled by AI optimism.
Google has revealed that it would lay off employees at its mapping app Waze due to a merger with Google Ads technologies.
The Chinese tech giants Ant Group and Tencent Holdings have revealed that they would allow users to use international credit cards on their platforms.