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.
The head of climate at the UN Simon Stiell has pleaded G20 leaders to increase financing for the climate via grants, loans and debt relief.
The President of the Federal Reserve Bank of Chicago Austan Goolsbee recently has commented that he expected the Fed to cut interest rates by additional 1.25% by the end of 2025.
This week, the US airline Spirit Airlines has filed for bankruptcy, as the firms has continued to suffer losses quarter after quarter.
Boeing has named the ex-CEO of Vanguard Group Tim Buckley to the firm's Board of Directors. Buckley will serve on the Finance and Governance & Public Policy committees.
The nomination of Robert F. Kennedy junior to be the new US Health Secretary has caused a decline of Pharmacy and Foodstuff firm stocks, as Kennedy has vowed to purge the Food and Drug Administration that allegedly has been allowing malpractice in favour of companies for decades.
The President of the Boston Federal Reserve Susan Collins has revealed to Bloomberg that she does not rule out the Fed doing a rate cut in December.
Monthly publication of Canadian inflation data has shown not only rising inflation, but also higher than expected increases. Namely, markets expected prices increasing, but the pace is higher than forecast. The news caused major Canadian Dollar volatility.
Data for October has revealed that US industrial production has decreased. The main reasons for the decline have been recent hurricanes and the strike at Boeing.
The banking group's analysts have announced that Trump's presidency is most likely going to hurt the growth of emerging market economies.