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.
The Brazilian jet maker Embraer has revealed that the firm's quarterly profits have increased by 40%. In addition, the firm has reported rising plane delivery numbers, which indicates at a continuation of the profit growth trend.
The United States have become the top trading partner of Germany. The US have overtaken China, which had been German top trade partner for eight years.
Exchange data has revealed that, in the aftermath of the Bank of Japan rate hike, foreigners sold off Japanese stocks for a total value of $7.33 billion. The selling occurred during the week ending August 2nd.
Consumer and luxury goods firms have experienced a stock decline. The sell-off is attributed due to the fact that consumers around the world have run out of accumulated savings and are no longer adapting to price increases.
The major US bank J.P. Morgan has raised its recession by end of 2024 expectations to 35%. In the meantime, markets have priced in a 50 base point rate cut by the Fed in September, which signals that the economy might need saving as soon as mid-September.
In the aftermath of Monday's sell-off and VIX spike, traders shorted the volatility index in expectations of the market calming down. However, as reported by Reuters, various market participants have lost billions, as the VIX moved higher during mid-week.
Goldman Sachs analysts have revealed to their clients that in their opinion, the worst part of the market sell-off is over. However, there might be additional losses and big directional bets should not be taken.
Telecommunications firm Viasat has increased its 2025 profit expectations due to increasing demand for satellite communications from the aviation and defence sectors.
Data for July has revealed that car sales in China have continued to decline for a fourth month straight. On an annual basis, vehicle sales have decreased by 3.1%.
The passengers of the US airline Delta have sued the firm due to the airline refusing to refund flights that were cancelled during the recent CrowdStrike outage.
The average 30-year mortgage rate has declined in the United States. The decline is seen as a signal of upcoming Federal Reserve interest rate cuts.
The owner of such brands as Snickers and M&Ms, Mars has reportedly been evaluating the acquisition of Kellanova, the maker of Pringles and Cheez-It.
The US pharmaceutical firm Eli Lilly has announced a stunning financial quarter, as the firm has managed to increase production of weight loss drugs. The stock price of the company was set to start Thursday's trading with a gap up of nearly 9.00%.
The US statisticians have published the weekly Unemployment Claims numbers. Released numbers are below market expectations, which is causing a recovery of the US Dollar and the US stock markets.
The German industrial firm Siemens has passed market analyst forecasts for the quarterly profits. The firm has profited due to its clients upgrading electric infrastructure.
Elon Musk has revealed that the new Neuralink implant has been implanted into the brain of a second trial patient.
The fashion brand Hugo Boss announced that, due to a 42% drop in quarterly operating profits, the firm would concentrate on cost reductions in an effort to increase profitability.