Amazon has launched a new low-cost ecommerce service, Amazon Haul that is aimed at competing with Temu.
This week, Volkswagen announced an additional $5.8 billion investment in the EV maker Rivian. The news caused a surge of the firm's stock price.
Bain & Company have revealed that the consultancy firms expects global luxury goods sales to decline in the year of 2024.
The Japanese Corporate Goods Index, which is an indicator for wholesale prices, has increased by 3.4%. This is the highest increase observed in a year.
Metal platforms are set to face an antitrust lawsuit in the United States over the firm's acquisition of Instagram and WhatsApp.
Federal Reserve has conducted surveys that revealed that United States banks have observed lower demand for loans during the third quarter of 2024.
During this week, two heads of US Federal Reserve branches have commented that they see the current lowered interest rates as already restrictive enough, despite this week's CPI revealing higher inflation.
As the US aeronautics firm intends to fire 10% of its workforce, the first employees to be laid off have started to receive termination notices.
The President of the Minneapolis Federal Reserve Neel Kashkari has recently stated that he sees the US monetary policy as moderately restrictive.
The struggling jet part producer Spirit AeroSystems has revealed that it has received nearly $450 million from Boeing and Airbus in advance payments.
Bloomberg News has reported that Greg Brockman has returned to OpenAI. Brockman was one of the founders of the artificial intelligence start up.
On Thursday, the publication of the US Producer Price Index showed that inflation is raising also at the producer level. The US Dollar reacted to the news by resuming the prior surge that was observed to have overextended itself.
Bridgewater Associates have commented that the firm suggests clients to hold US stocks, in the aftermath of the US elections.
The New York Federal Reserve has surveyed consumers and found out that the NY population expects lower inflation and lower debt delinquencies.
The total subscriber base that is watching adds on Netflix has reached 70 million, as the firm has managed to grow the user base.
The United States Federal Deposits Insurance Corporation has revealed that households that use check cashing and payday loans are more likely to hold cryptocurrencies than consumers that have more funds and use traditional banking.
The President of Richmond Federal Reserve Thomas Barkin has commented that with US inflation approaching 2.00% the US central bank is capable to respond to potential issues in the jobs market.
Reuters has revealed that the big pharma firm Pfizer has been evaluating the sale of the company's hospital drug unit.
The US Dollar strengthened on Wednesday due to the US Consumer Price Index increasing from 2.4% up to 2.6% on an annual basis. This dataset indicates that the US Federal Reserve might have cut interest rates by too much and too early.
The United States Justice Department has filed lawsuits that would stop the planned acquisition of Amedisys by UnitedHealth Group.
A Governor of the US Federal Reserve Christopher Waller has stated this week that in his opinion the private sector should develop new payment innovations.
ValueAct Capital Management have built up a $1 billion share stake in Meta Platforms and has become the second-largest stockholder of the company.
For the first time since 2021, bonuses of Wall Street executives are expected to increase, as indicated by Johnson Associates.
The world's top cryptocurrency continues its surge, as new all-time highs continue to be reached in the aftermath of the US elections.