The US carmaker Stellantis has announced that due to higher costs, the firm would make less by the end of 2024 than previously forecast.
The Chairman of UBS Colm Kelleher has announced that the potential Swiss government rules that would increase capital requirements for major banks might hurt the Swiss banking sector. The government intends to strengthen legislation due to the fall of Credit Suisse.
The United States Bureau of Labor Statistics has published the monthly employment statistics. In general, the data is a lot better than expected. The US Dollar index is reacting to the news by immediately spiking up more than 60 base points.
The German steel firm Thyssenkrupp has announced that its workers have to prepare for potential job cuts, as the firm struggles with profitability.
The Wall Street Journal has recently reported that Apple has dropped out of negotiations about joining a group of investors in the next OpenAI investment round
The US Presidential candidate Donald Trump has revealed that, if elected, he would seek the prosecution of Google for favouring Kamala Harris in search results.
The major German carmaker Volkswagen has reduced its 2024 financial outlook for a second time, as the firm has been observing weaker than expected sales in the passenger vehicle division.
The results of a poll done by Reuters have revealed that factory activity data for September for China is set to show a continuation of the prior decline.
For a seventh month in a row, in August, Toyota worldwide production output has continued to decline, as production has been hurt by a typhoon and a certification scandal.
Bloomberg News has reported that Intel has told Arm Holdings that it is not going to discuss a potential sale of its product division.
The publication of the US Institute for Supply Management has published the Services sector Purchasing Managers Index survey results. In general, the sector is very optimistic, which is strengthening the value of the US Dollar.
The Federal Reserve regulatory chief Michael Barr has recently stated that banks should not worry about using the Fed's discount window liquidity, and use it when it makes sense for the banking sector.
Shenzhen and Shanghai have announced plans to get rid of restrictions on home buying in the cities in an effort to boost demand for real estate.
Citigroup and Apollo Global have joined forces to create a new $25 billion direct lending and private credit program.
Due to a decline of deliveries experienced in September, investors have raised questions whether Airbus should review its earnings forecasts.
The US airline Southwest Airlines has announced that it is raising the firm's quarterly income expectations by 1%.
The US based sportswear firm Nike has announced that it is withdrawing its annual sales target and called off the firm's investor day that was scheduled for 19 of November. The markets reacted to the news by dumping the stock of the firm.
The US 30-year fixed mortgage rate has reached a level not seen since September 2022, as lenders can fix the rate at 6.08%.
Last week, the Wall Street Journal reported that the US Justice Department has started an investigation of Super Micro Computer. The government is looking into accusations that the firm has been conducting accounting manipulation. These news have fuelled a major decline of the firm's stock price.
Data published by Dealogic indicates that Merger and Acquisition numbers are declining. The decline of activity has been attributed to the upcoming US Presidential Election.
Russian officials have announced an expansion of agriculture export capacity in the Baltic Sea ports. The country intends to increase agriculture exports by 50% by 2030.
Reuters has revealed that seven of its sources indicate that the European Central Bank monetary policy committee is set to argue whether further rate cuts are necessary, as the already done cuts might not have yet had an effect.
The President of the Atlanta Federal Reserve has recently stated that the US economy is approaching normal inflation and unemployment rates, which signals that the US central bank can cut rates.
The Chief Executive Officer of Volkswagen Oliver Blume has revealed that the firm expects the labour unions to come up with proposals for cost-cutting.