The President of the Minneapolis Federal Reserve Neel Kashkari has recently stated that the US 0.50% interest rate cut was a correct response to progress in the battle against inflation.
Elon Musk has announced that SpaceX intends to send five uncrewed spaceships to Mars during the next two years.
The China Automobile Dealers Association has revealed that it expects to incur a 138 billion Yuan or $19.55 billion loss due to being forced to sell cars at discount.
Goldman Sachs has announced that, as interest rates have been declining, hedge funds have bought up tech firm stocks.
Bloomberg has revealed that the US airline Southwest Airlines has issued a warning to its employees that the company faces tough decisions.
As Johnson & Johnson has proposed a $10 billion settlement in the talc cancer lawsuit, the firm's talc subsidiary has filed for bankruptcy for another time.
The results of a Reuters poll of economists have revealed that markets expect the US Federal Reserve to cut interest rates by 0.25% in November and December.
The tech firm Nokia has revealed that a German court has ruled in its favour in the patent case against Amazon.
General Motors has announced the laying off of 1,700 employees at the firm's Kansas factory. The firing is set to start on November 18.
The US Commerce Department has proposed the ban of Chinese autonomous driving software and hardware from US roads due to national security concerns.
FINMA has ordered an audit of the last months of Credit Suisse, as the regulator wants to find out how the now defunct bank was managed prior to its demise.
Various tech giants have merged forces to lobby and persuade the European Union to reduce regulation of new Artificial Intelligence technology.
The aeroplane producer Airbus has announced that it would deliver the new longest-range narrow body jet in October. Previously, the firm was expected to deliver the A321XLR in late summer.
The new Chief Executive Officer of Nike Elliott Hill has increased the firm's efforts to restore relation with retailers. Namely, the firm is reversing the prior strategy of using firm stores and websites.
The US carmaker General Motors has issued a recall of 450,00 pick-ups and SUVs due to a warning light issue.
The US Dollar is declining and with it, boosting asset prices, as Personal Consumption Expenditure Index has revealed that consumer inflation in the USA is below forecast. This in turn signals that the Federal Reserve can continue to ease its monetary policy.
The payment card firm MasterCard has announced that it expects US holiday sales to increase by 3.00%, compared to the holiday season of 2023.
The retail clothing chain H&M has announced plans to reduce prices and offer a wider than usual range of clothes during the holiday season in an effort to increase overall sales.
Regal, AMC and other US theatre firms are set to invest nearly $2.2 billion in upgrading their locations in USA and Canada.
This week, the stock price of Micron Technology experienced a major surge of more than 26.00%. This surge occurred due to the firm revealing that there is high demand for its products, which is set to result in major profits during the next quarter.
United States banking stock prices have experienced a boost due to the recently occurred US interest rate cut, as the decreased rates are reducing credit risks and costs.
In the second quarter of 2024, the United States current account deficit has increased and reached the highest number in more than two years.
Construction of single family homes in the United States has started to recover, as US interest rate cuts have created demand. Meanwhile, market analysts do not expect prices to rise, as supply is expected to meet the demand.
Amazon has announced an increase of its worker pay in the transportation and fulfilment units. Workers are set to be paid an additional $1.5 per hour.