For a third month in a row, the German IFO Institute business sentiment has continued to decline. In August, the index has decreased to 86.6 points.
The administration of Biden-Harris intends to increase trade tariffs on Chinese imports. However, US electric industry firms have asked for the tariffs to be reduced, delayed or even abandoned at all, as firms see the move doing more damage than good to the USA.
Reuters has revealed that the Chinese ride-hailing service DiDi is set to sell its smart auto assets to NavInfo.
The ride-hailing platform Uber has received a fine in the Netherlands due to sending European taxi driver data to the United States. The total fine amounts to $290 million.
The US retailer Target has managed to succeed in its price cut campaign, as it increased sales beyond expectations. Due to this reason, the company has increased its 2024 profit forecast.
A California judge has dismissed a lawsuit against Musk's social media company X. The lawsuit accused the company of getting rid of workers with disabilities that could not comply with Musk's policy of no remote work.
Due to weak demand for upscale products, Macy's reduced its 2024 income expectations. The news were the catalyst of a broad stock price decline.
Exports of crude oil from the United States have continued to increase. However, recent data indicates that the growth has been slowing down and might stop by the end of 2024, as global and domestic demand has been declining.
The investment bank has downgraded its forecasts for the Chinese equity market due to recent update of economic fundamentals and market sentiment.
Fitness equipment firm Peloton Interactive has revealed that it searches for a new CEO who could turn around the company that has been struggling in the aftermath of the boom experienced during Covid lockdowns.
The banking group Morgan Stanley has issued a warning about Mexican stocks due to upcoming electoral and judiciary changes in the country.
A recent survey of economists done by Reuters has revealed that most expect the global stock markets to continue to move higher, as the US Federal Reserve gradually cuts interest rates.
World's largest asset manager, BlackRock has denied support to most of its shareholder environmental, social and governance proposals, as the asset managers has not seen economic merit or long term benefit in 96% of the proposals.
US carmaker Ford has announced that it would cancel the project to develop a three-row electric SUV. The change of plans might cost up to $1.9 billion in write-downs and expenses.
Due to increased demand for chips in consumer, industrial and communications sectors, Analog Devices have announced a fourth quarter revenue and profit forecast that is above the market consensus forecasts.
In the aftermath of the European Union deciding upon tariffs on Chinese electric vehicles, Chinese authorities have started an investigation of European Union's dairy products for potential signs of government subsidies of the exports of these products to China.
The US retailer TJ Maxx parent company TJX Cos has increased the 2024 profit forecast due to declining costs and high demand for affordable accessories and clothing.
The Chinese ride hailing company, DiDi Global has managed to make a profit of 1.4 billion Yuan in the second quarter of 2024, compared to a loss of 300 million Yuan in the year prior.
The experienced media executive Edgar Bronfman has submitted a $4.3 billion bid to acquire National Amusements, which owns the controlling stake in Paramount Global.
As the US monetary policymakers have gathered at the Jackson Hole Symposium, members of the US Federal Reserve has expressed concerns about rising unemployment, as the official Unemployment Rate suddenly increased by 0.3% in July.
A leaked internal memo has revealed that Uber has hired Tesla executive Rebecca Tinucci to manage the ride hailing firm's transition to electric vehicles.
The German carmaker BMW has announced the recall of 720,796 cars in the United States due to a short circuit concern. The NHTSA has reported that there is an improperly sealed electrical connector on the water pump that may be exposed.
At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies.
As rail workers in Canada readied for a strike, trucking firms have prepared to take up the shipping volume and benefit from the issues in the competing sector.