The Chinese tech firm Huawei is creating a new AI chip that is expected to compete with Nvidia products in China, as reported by the Wall Street Journal.
Rho Motion has reported that global electric vehicle sales increased by 21% in July, as China has reported a 31% increase of sales year-on-year.
Moody's and S&P rating agencies have revealed to Reuters that both agencies doubt that Boeing could reach its 2024 737 MAX aeroplane production targets.
United States manufacturing firms have experienced a surge in property insurance costs. Insurance prices are reportedly doubling at their annual renewals.
Pfizer has announced that the firm's new respiratory syncytial virus vaccine Abrysbo has shown good results in helping patients with compromised immune systems.
South Korean officials have held a meeting to discuss EV safety regulation, as consumer have been concerned about recent electric vehicle fires.
The oil production cartel OPEC has revealed that it expects demand for oil to decline in 2024 due to lower purchases from China.
The United States Bureau of Labor Statistics has published the Consumer Price Index data sets. In general, inflation is below market forecasts. Although, the US Dollar reacted to the news by surging.
The Chief Executive Officer of the Bank of America Brian Moynihan has recently stated that the US consumers could face issues, if the Federal Reserve does not cut interest rates.
The Vietnamese government has announced plans to subsidize electric vehicle charging stations, as the country intends to promote the adoption of EVs.
Reuters has published research results that indicate that British Chief Executive Officers have received record pay for the fiscal year of 2023.
United States auto safety authorities are investigating Hyundai due to a potential issue of seat belts of nearly 330,000 vehicles.
The electric vehicle maker Nikola has published smaller than forecast quarterly financial losses, which has caused the recent surge of the firm's stock price.
The United States Bureau of Labor Statistics has just published the monthly Producer Price Index data. In general, the data has revealed below expected inflation. The US Dollar is reacting to the news by declining.
The London Stock Exchange Group has reported that global investors have bought almost $100 billion of money markets products in the seven days leading up to August 7.
Due to potential strikes and disruptions in the shipping industry during the holiday period, US retail firms have started to import goods designated to be sold during the holidays.
Various analysts and research firms have revealed that global demand for crude oil would have to increase at a faster pace to meet the higher global production.
Reuters has released a report on how US and Canadian companies have continued to reduce employee numbers in an effort to continue to cut costs.
Reuters has published a report that reveals that various research firms have shown that the recent global stock drop was bought by mostly the retail investors and traders.
Palantir Technologies have announced that they would deploy an Artificial Intelligence Platform on Microsoft cloud platforms.
The parent company of Burger King, Restaurant Brands International has managed to pass market expectations for quarterly earnings, as demand for Burger King and Tim Hortons fast food has remained resilient.
The German carmaker BMW has announced a recall of 100,000 vehicles in the United States due to an issue with starter motor.
The Chief Executive Office of one of the top European investment firms, Allianz, Oliver Baete has commented that high public debt is posing risk to sovereign bonds.
Due to a decrease of US consumer spending, various travel companies have reduced their 2024 income forecasts.