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.
Due to a decline in demand for new trucks in Europe and Asia, Daimler Truck has imposed a reduction in working hours instead of firing employees.
The Japanese carmaker Toyota Motor Corporation has announced a 17% surge in first quarter profits. However, most of the gains are attributed to cost-cutting and weaker Japanese Yen value.
The Republican candidate for the US Presidency Donald Trump has agreed to debate incumbent Vice President and Democrat party candidate Kamala Harris on Fox News on September 4.
The President of the Richmond Federal Reserve Thomas Barkin has revealed to the Carolina Business Review that he would not change his monetary outlook despite the recently released weak US employment data.
Goldman Sachs have revealed that investment in hedge funds across the world has been declining due to high fees. In fact, 15% of investors are willing to pay pass-through fees.
The US Department of Justice has sued TikTok due to massive-scale privacy violations of minors under the age of 13.
The oil giant Chevron has announced that the firm has been struggling with industry-wide pressure to lower refining margins. Moreover, lower natural gas prices have been unexpected and have caused losses in the recent quarter.
Volvo Cars has announced that in July the firm has managed to increase sales by 6% due to demand of electric vehicles in Europe.
Data from the China Passenger Car Association has revealed that in July Tesla has increased production in the country by 15.3%, compared to July 2023.
The Chief Executive Officer of Eli Lilly has recently revealed to Bloomberg News that the firm expects the shortage of weight loss drugs to end in the near term future.
The Institute for Supply Management (ISM) announced on Thursday that the institute's Purchasing Managers Index has reached an eight-month low level. The survey results have shown a reading of 46.8.
Reuters has published a report on how world's largest truckmakers have been reworking their combustion engines to work with hydrogen instead of diesel. The firms have discovered that hydrogen engines might be the solution to reach zero emissions.
For the first time since the pandemic, Rolls-Royce has announced that the firm will pay out a dividend, as the aero engine maker has reported larger profits that have been caused by demand for Airbus jet engines.
The Census Bureau of the US Commerce Department has revealed that in June spending on construction has continued to decline in the United States.
The energy company Shell has revealed that it has experienced a decline in its quarterly profits of 19%, compared to the previous quarter.
The Japanese carmakers Nissan and Honda have started to jointly research new software. Moreover, the two firms have asked Mitsubishi to join the endeavour.
The London Stock Exchange Group has announced an increase of total income of 5.4%, as the stock exchange has benefited from joint ventures with Microsoft.