The US Treasury Secretary Janet Yellen has stated during her visit to China that the US would not tolerate imports from China that would decimate US industries.
The world's second largest memory chip producer has laid out a plan to invest $3.87 billion in a new AI product development, research and packaging facility in Indiana.
Reuters has revealed that the production of Boeing 737 airplanes has fallen due to increased US regulator inspections.
First quarter 6.8% US sales increase of Ford vehicles has been driven by hybrid car and pickup truck sales.
The Chief Executive Officer of Stellantis Carlos Tavares has stated that electric vehicle batteries have be reduced in weight by 50% during the next ten years to make electrification meaningful.
Reuters has reported that the US President Joe Biden is set to sponsor nearly 30 million in student debt by covering it from the federal budget. The news caused a drop of the US Dollar, as the student debt amnesty is set to flood the market with additional supply of USD.
The stock price of Amazon has extended its surge. On Monday, the share price of the company touched the $187.26 level and booked a new all-time-high level.
Amazon Web Services have revealed that it has fired hundreds of marketing, sales and tech employees.
The US retailer Costco Wholesale has announced that it would offer its members new weight loss programs that include the drugs Ozempic and Wegovy.
The President of the Atlanta Federal Reserve Raphael Bostic has recently revealed that he expects the Fed to cut interest rates only once in 2024. Moreover, the rate cut could occur at the end of the year.
The United States Food and Drug Administration has published information that Eli Lilly is set to continue to struggle with supply issues with its weight-loss drug Zepbound.
In March, as reported by the Institute for Supply Management, the United States services sector has grown, despite decreasing expansion rate, compared to February.
Head of the Austrian central bank and member of the ECB board Robert Holzmann has commented that he would like to cut interest rates in June. However, the ECB is set to synchronize its actions with the Federal Reserve.
The major US bond management firm Pacific Investment Management Corporation has commented that it expects the Federal Reserve to start reducing interest rates mid-2024.
Microsoft and its partner Quantinuum have announced a key improvement in quantum computer reliability that is set to allow the commercialization of quantum technologies.
Recent increases in US Treasury yields have turned bonds into a more attractive investment, which has been blamed for a decline of demand for stocks.
In the aftermath of 7.2 magnitude earthquake, Taiwan Semiconductor Manufacturing Company has paused work at its constructions sites in Taiwan. The firm is set to evaluate the impact of the disaster, before resuming operation.
The Caixin PMI release has revealed to the world that the Chinese services sector activity had increased its pace of growth during the month of March. Growth has been caused mainly by new businesses.
The Chinese tech company Xiaomi has started to deliver its first SU7 electric vehicles. The firm has received orders for more than 100,000 cars.
Data for the Greater Toronto area has revealed that home sales have declined in March for a second month in a row. However, prices have risen, despite the decline in sales.
In March, inflation in the Euro Zone has unexpectedly declined to 2.4%. The news are strengthening the case for a European Central Bank rate cut.
For the first time since 2018, the Chinese government has announced that it would ease its car loan regulations. The government intends to boost demand for new vehicles.
Due to a rise in tourism, Hong Kong has reported a 1.9% increase in retail sales, in February. Meanwhile, tourism increased by 667.1% on an annual basis.
The President of the Minneapolis Federal Reserve Bank Neel Kashkari has just shook the financial markets. Neel Kashkari has stated that the Federal Reserve could keep interest rates on hold for the whole year, if inflation does not meet the central bank's expectations.