KPMG has announced that it would fire 5% of its US employees due to "economic headwinds, couple with historically low attrition."
International Business Machines Corporation has revealed this week that it would boost its cloud and automation capabilities by acquiring Apptio for $4.6 billion.
The recent rally of Tesla shares has caused a major wave of downgrades of stock price targets by Wall Street firms.
Deutsche Bank has revealed to its investors that some shares of Russian companies have become inaccessible.
The Wall Street Journal has reported that US retailers have been seeing a broad wave of receiving bomb threats. Callers have reportedly asked for payment to not detonate a potential bomb planted at a store.
S&P Global has decreased its forecast for the growth of the Chinese GDP in 2023 from 5.5% down to 5.2%.
At the start of the week's trading, crude oil prices increased. The move was attributed to the Russian mercenary mutiny that occurred over the weekend.
Japan's Vice Minister of Finance for International Affairs Masato Kanda has issued a statement. The country is not ruling out taking action against the recent weakening of the Japanese Yen.
Uber has announced that the company would fire 200 employees from its recruitment division.
The Ifo institute has announced that in 2023 the German economy is set to decrease more than previously forecast.
Intel Corporation has announced a major restructuring of its manufacturing activities. The company intends to create a separate entity that would generate its own margin.
The Swiss National Bank has increased its base interest rate by 0.25% and revealed that it would continue to tighten monetary policy.
In an unexpected move the Bank of England has increased its official bank rate to 5.00%. The event has caused a strengthening of the Pound against peer currencies.
Goldman Sachs have revealed that the major bank expects OPEC+ countries to do another oil production cut.
Reuters has reported that French consumers have started to decrease their food budgets by choosing lesser quality foods, as a 16% record food inflation has hit the country.
The Bank of America has issued research that forecasts the Japanese stock market to reach a new record high in early 2025.
The CEO of Neste has commented that the company expects renewable fuels to drive the company's growth in 2023.
Advance Auto Parts has decreased its 2023 profit expectations due to elevated costs. The announcement caused a drop of the company's stock price.
The most recent quarterly Canadian GDP data has revealed that the country's economy has increased by 3.1% in the first quarter of 2023.
Economists surveyed by Reuters have revealed that the Bank of England is most likely going to increase its Official Bank Rate up to 5.00%.
The Russian miner Nornickel has revealed that it expected the worldwide Palladium market to turn into a production surplus of 300,000 ounces in 2024.
American Airlines group has reported that it would increase its second quarter earnings expectations due to a rise in demand for travel.
The carmaker Jaguar Land Rover has announced a recall of almost 6,400 I-Pace electric vehicles in the United States due to battery overheating issues.
Employees of the failed Credit Suisse have reportedly been leaving the bank in the hundreds each week, as uncertainty over the bank's takeover has gripped workers.