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.
The German carmaker Volkswagen has announced another restructuring of costs, as the launching of new models has been reducing profits. The firm intends to reduce investment to 165 billion Euro.
The recent Bank of Japan rate cut and comments made by the bank's officials has revealed to market analysts that the central bank is set to continue on its tightening path. Moreover, the markets have started to consider another rate hike in 2024.
At 12:35 GMT, VIX (Fear/ Greed index) reaches levels of 65.00. It is the highest recorded volatility level since March 2020.
The German carmaker BMW has announced that the firm has suffered a decline in margins from 9.2% to 8.4% due to a decline in demand and competitors in China.
Billionaire Elon Musk has commented that the Federal Reserve has made a mistake by not cutting interest rates on Wednesday. Musk has argued that the Fed has done damage to the economy by keeping rates high for too long.
Despite other markets being closed, the global asset sell off has continued in the cryptocurrency markets. On Sunday, the price for Bitcoin had declined 6.90%, compared to Friday's close.
CNBC has reported that the CEO of Delta Air Lines Ed Bastian has revealed to the news outlet that the costs from the CrowdStrike outage would amount to $500 million.
Due to a surge in the wealth management sector, the banking group HSBC has gained unexpected revenue. The firm has announced that it would do $3 billion in share buybacks.
The Japanese government has ordered Toyota to implement drastic reforms, as a certification procedure check has revealed new violations.
The online retailer Amazon reported its quarterly financial results after Thursday's trading hours. In general, the firm has reported a slow-down in growth of sales, which disappointed investors and caused a stock decline. The stock price of Amazon declined almost 8.00% during the Frankfurt trading session.
The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index is reacting to the news by sharply declining below the 104.00 mark.
The Italian luxury brand group Prada has published higher than expected revenues and operating profit that have been experienced during the first half of 2024.