Volkswagen has appointed the former Rivian executive Kjell Gruner as head of VW American unit, as the German carmaker faces issues with negotiating with the United Auto Workers union.
Goldman Sachs has revealed that the bank expects S&P 500 to reach 6,500 by the end of 2025.
It has been observed that the financial markets expect an interest rate hike in Japan, as investors have been selling bonds and buying banking sector shares.
MicroStrategy has raised $3 billion through the sale of 0% convertible senior notes, to purchase more Bitcoin.
Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has decided to step down from his position. January 20 will be his last day as chairman of the SEC.
In November, US homebuilding sentiment has risen to a high level not observed since April, as the market expects more demand due to lower interest rates.
For the fifth consecutive month, Japan's manufacturing PMI has been in contraction. Overall economic sentiment has been impacted by significantly stagnant demand, weak business confidence, and rising costs.
U.S. regulators are calling for drastic penalties against Google, including the sale of its Chrome browser and restrictions on Android, following a ruling that the company holds a monopolistic control over the search engine market.
On November 21th, the Office for National Statistics reported the monthly retail sales figures. Estimated number was -0.3%, actual number was -0.7%.
The founder of Archegos Capital Management, Bill Hwang, received an 18-year prison sentence for fraud involving securities and market manipulation.
As part of a 17,000 thousand job cut, Boeing has already fired more than 2,500 employees in four US states.
The San Francisco Federal Reserve has commented that it has found that the US labour market is still increasing inflation in the country, as salaries continue to rise.
Chief Executive Officer of the carmaker Stellantis Carlos Tavares has recently stated that the company will adapt to potential changes by the incoming US administration. Namely, a stop to the EV tax credit would not hurt the firm, as it offers hybrid, has and electric versions of its vehicles.
The producer of Evian mineral water has won a lawsuit against consumers who sued the firm after Danone claimed that its water production is carbon-neutral. A judge has ruled that consumers had not understood the label.
In the aftermath of a legal settlement, Warner Bros Discovery is set to hold National Basketball Association rights for the next 11 years. The news have been the reason for a surge of the company's stock price
The top tech company NVIDIA has published its quarterly financial results. In general, NVDA has once again passed forecasts and the stock is surging. NVDA started the day's trading near the early November high zone, just below the $150.00 mark.
A court in Germany has ruled that clients that have been affected by Facebook data breaches in 2018 and 2019 are eligible for compensation from the company.
The banking giant Nomura has revealed that it does not expect the US Federal Reserve to continue with its rate cut program in December. Namely, rates are expected to remain at current levels.
The recent stock performance of Walmart has revealed that the company is set to experience the best year since 1999, as the shares have already surged almost 60% during 2024.
The CEO of Nestle has announced plans to boost spending on marketing and advertising while cutting annual costs by at least $2.8 billion to fight weak sales numbers.
United States authorities are investigating Ford vehicles and have ordered the recall of more than 110,000 cars due to seat belt retractor issues.
This week, the stock price of Tesla managed to gain ground, as Bloomberg reported that the Trump's government intends to create federal regulation for self-driving cars.
ARC Global Investments have sold almost all the firm's more than 5.00% stake, or 11 million shares, of the Trump Media & Technology Group.
The Wall Street Journal has reported that T-Mobile has been hacked in a massive breach of networks by Chinese hackers. The breach has lasted for months and allowed the attackers to access high value communications.