The satellite TV firm DirectTV has reported to the US Federal Communications Commission that Walt Disney has not been negotiating in good faith and engaged in anticompetitive actions.
Reuters has revealed to the world that Broadcom has done a test at Intel facilities which has resulted in a failure of the testing of silicon wafers. In general, Intel can not move to high-volume production as previously expected.
The US National Highway Traffic Safety Administration has announced that it has ended the investigation into General Motors vehicle seat belt issue. The investigation concerned more than 1.3 million cars.
Reuters has revealed that top 10 Chinese fund managers have demanded senior executives to return excessive pay that has been paid out in the last five years.
The major bank Goldman Sachs has revealed that it expects the US economy to benefit in the upcoming two years from a potential election of Kamala Harris.
The Chinese government has expressed dissatisfaction with new Dutch export controls of ASML semiconductor production tools. The European country has aligned its limits on exports with the US.
The CEO of Volkswagen has revealed that the firm has been loosing its European market share due to increasing competition. The CEO intends to enact unprecedented reforms.
The Wall Street Journal has recently reported that U.S. Steel would have to close various mills and move its headquarters in the case of the firm failing to make a buyout deal with Nippon Steel.
The US discount store chain Dollar Tree has cut its annual earnings expectations, as the firm has struggled to attract price-sensitive shoppers. Namely, as indicated by news earlier in the month, the less well off people are shopping at Walmart not Dollar Tree.
The major bank Goldman Sachs has announced that it expect the development of AI to decrease crude oil prices due to improved logistics that AI would manage.
The United States drug store chain Rite Aid has emerged from Chapter 11 bankruptcy. However, it has been accomplished by taking the company private in a broader financial restructuring.
More and more US firms have announced revamps of their DEI or diversity, equity and inclusion programs that were meant to boost productivity by increasing creating an ethnic variation of employees.
At 12:30 GMT, Bureau of Labor Statistics has published monthly unemployment rate. Reported Unemployment rate is at 4.2%, same as forecasted. US dollar is reacting to the downside.
Wells Fargo has downgraded Boeing's stock. Namely, the bank has indicated that the bank's income of $10 billion might be delayed by two years. Moreover, Boeing is set to spend $30 billion on the development of a new aeroplane.
Data for July has revealed that spending on construction in the United States has declined even more than expected. Spending decreased by 0.3%, compared to the forecast 0.1%.
The US Federal Reserve has released research that indicates that United States housing inflation should decline in 2025.
The German carmaker Volkswagen has announced that in an effort to cut costs, the firm could shut down factories in Germany.
In August, year-on-year sales of Tesla vehicles that have been made in China have increased by 3.00%. Meanwhile, deliveries of Model 3 and Model Y increased by 17%.
The Chinese Caixin PMI of the manufacturing sector has increased in August to 50.4 from 49.8 in July, signalling that the sector could be starting a recovery.
The ISM has published the Service PMI survey. Results were expected to show a reading of 51.3, but the actual number is slightly higher- 51.5. Dollar has a strong move to the upside, and signalling confidence in US economy.
AT 12:15 GMT, Automatic Data Processing, Inc. reported monthly changes in employment, excluding farming industry. Forecasted number was 144 thousand, actual number came in lower-at 99 thousand.
Purchasing Managers Index made by HCOB for the Euro Zone has revealed that the index continues to show a decline in the industry by showing a reading of 45.8.
Reuters has reported that the European Central Bank policymakers were at odds between a potential recession that would require rate cuts and a return of inflation that could be caused by cutting too early.
Reuters has revealed that a group of investors led by Blackstone is set to buy the data centre group named AirTrunk for a total of $13.53 billion.