In May, crude oil imports into the United States have reached a record high not seen since July 2022. The US imported 3.1 million barrels per day. Moreover, imports have remained around the 3.0 million barrel mark throughout June.
The newest Tencent Holdings game Dungeon & Fighter has managed to dominate app download charts for almost a month. The success of the game is expected to result in major earnings.
Shares of the German automaker Volkswagen have declined, as the firm has announced a $5 billion investment in Rivian. In general, the decline is caused by the uncertainty of the investment deal.
This week, the stock price of NVidia has resumed its broader surge, as the profit taking that followed the 10-for-1 stock split has ended.
Investment company KKR has bought real estate assets from Quarterra Multifamily for nearly $2.1 billion. The assets consist of 5,200 rental units across various US states.
The world's top investment advisor BlackRock has managed to keep board seats at six closed end funds. BlackRock was being threatened by a vote to replace directors at the funds by Saba Capital Management.
The Japanese Government has announced that it has to review the latest GDP data due to corrections in construction order data. The new GDP is set to be published on July 1.
It has been revealed by Volkswagen that it will invest almost $5 billion in the US electric vehicle producer Rivian. Stock price of Rivian surged by nearly 50% on the announcement.
The UK car producer Aston Martin has revealed a new car model Valiant to be sold in the fourth quarter of the year. The new car is inspired by the Formula One champion Fernando Alonso.
On Wednesday, the Canadian airline WestJet Airlines announced that it has received a second strike notice from its engineer union.
US District Judge Margo Brodie has rejected a $30 billion antitrust settlement in the Visa and MasterCard case. The firms had agreed to reduce fees for merchants that use their payment cards.
It has been announced by Zurich Insurance that the firms would buy AIG's travel insurance and assistance unit for a total of $600 million.
During Wednesday's trading hours, European stock indices gained value, as risk on sentiment increased in the global markets.
In April, the United States trade deficit increased due to the imports outpacing export growth. The trade deficit has reached $74.6 billion.
The ride-hailing firm Lyft has announced that it expects to grow its gross bookings by 15% annually until 2027.
The trading platform Robinhood has announced a $200 million cash buyout of the crypto exchange Bitstamp.
The coffee shop chain Starbucks has announced that it would partner up with Grubhub food delivery service to deliver beverages.
The New York Times have reported that US antitrust regulators have started investigations of Microsoft, Open AI and NVidia. Regulators are interested in how these firms have come to dominate the AI sector.
European Union advocacy groups have asked EU officials to stop Meta from using personal data to train its artificial intelligence models without user consent.
The Chinese government has announced that it has not used electric vehicle subsidies that are banned by the World Trade Organization.
In April, the orders for industrial goods in Germany had declined on a month on month basis by 0.2%. The markets expected orders to increase by 0.5%.
A recent report by the Solar Energy Industries Association of the United States has revealed that solar power has accounted for 75% of new energy capacity created in the US.
The Association of Professional Flight Attendants has denied the offered American Airlines 17% pay increase.
Telecommunications firm groups are seeking a way to stop a planned reinstatement of the net neutrality rules. The new rules would result in reinstating government oversight over broadband internet.