A US Federal Judge has ruled that Google might have to pay $1.67 billion to a scientist, who claims that the company had infringed on his AI related patents.
For the first time in five months, US small business sentiment index increased in December. However, the data revealed that entrepreneurs still worry about inflation.
The US Securities and Exchange Commission has announced that it would investigate the Tuesday's fake post about approval of Bitcoin ETFs. The post caused a jump of the crypto to $48,000.00. However, the reveal that it is fake reversed the move.
Reuters has revealed that Airbus is nearing the closure of making a deal with Delta Air Lines for the delivery of dozen wide-body airplanes.
Hewlett Packard Enterprise has been reported to be nearing a $13 billion acquisition of Juniper Networks. The deal could be announced as soon as this week. However, the market has already reacted to the news, as HP has dropped 7.7% and Juniper stock surged 21%.
Data for November has revealed that during the month industrial output dropped in Germany. The decline marked a sixth month of consecutive declines.
The Chinese electric vehicle producer BYD is set to enter the Indonesian market starting from next week.
A tech company lobby group has commented that the US regulator plans to supervise digital wallets could reduce innovation and even keep some companies out of the market.
The surge of the stock price of NVidia has resulted in the asset reaching a new all-time-high level by shortly trading above the $525.00 level. The stock price of the company started to surge on Monday due to the company announcing a new desktop GPU. The new GeForce RTX 40 Super series processors are set to use artificial intelligence.
On Tuesday, oil prices stopped the previous decline, as markets looked for the publication of American Petroleum Institute weekly data at 21:30 GMT.
After breaking the previous all-time-high level, the price for NVidia continued to move higher, as the $525.00 mark was highly likely set to be reached on Tuesday.
This week, the price for Bitcoin has already reached $47,000.00 levels, as the markets await for the approval of a new Exchange Traded Fund. The creation of the new fund is expected to boost demand for the currency due to it being open as investment for a new type of investors.
The Chinese market regulators have announced that Tesla would have to recall 1.62 million cars due to software issues.
Reuters has reported that the Chinese government has been pushing new equity fund launches in an effort to strengthen the stock market.
Due to tensions in the Middle East and recent Federal Reserve comments on inflation, crude oil price benchmarks have continued to rise.
The Chief Executive Officer of McDonald's Chris Kempczinski has stated that several Middle East markets have been impacted by the war in Israel due to associated misinformation.
The United States Bureau of Labor Statistics has just published the US monthly employment data sets. The Dollar jumped against all other assets due to the data being overwhelmingly positive.
The largest supplier of Apple has announced that the company expects a decline in revenues in the first quarter of 2024, as the company observed a decline in demand at the end of 2023.
Recently released Canadian services sector Purchasing Managers Index has revealed that in December the sector continued to experience a decline.
Starting from Thursday, Carrefour has put up signs on PepsiCo products revealing that the supplier has reduced packaging size and increased prices. Moreover, the French retailer intends to no longer sell products of the company.
Data for December has shown a continuation of the decrease of business activity in the Euro Zone.
In 2023 bankruptcy numbers increased by 18%, as higher interest rates increased capital costs and turned a portion of businesses no longer capable to break even.
Recently published Caixin Purchasing Managers Index survey results have revealed that in December the Chinese services sector had experienced a major increase of activity.
This week, after booking record gains in 2023, US semiconductor industry stocks dropped with the sector index dropping 7% from the high reached on December 27.