As the US monetary policymakers have gathered at the Jackson Hole Symposium, members of the US Federal Reserve has expressed concerns about rising unemployment, as the official Unemployment Rate suddenly increased by 0.3% in July.
A leaked internal memo has revealed that Uber has hired Tesla executive Rebecca Tinucci to manage the ride hailing firm's transition to electric vehicles.
The German carmaker BMW has announced the recall of 720,796 cars in the United States due to a short circuit concern. The NHTSA has reported that there is an improperly sealed electrical connector on the water pump that may be exposed.
At 08:30 GMT, S&P Global published its Purchasing Managers Indices for the United Kingdom. The survey results were better than expected, which caused a surge of the Pound against peer currencies.
As rail workers in Canada readied for a strike, trucking firms have prepared to take up the shipping volume and benefit from the issues in the competing sector.
Johnson & Johnson has revealed the purchase of the heart disease device firm V-Wave for a total of $1.7 billion.
Energix Renewables have announced that the firm has signed a deal with Google about supplying electricity and renewable energy points from the firm's solar power plants.
A recent Reuters poll has revealed that economists expect the US Federal Reserve to cut interest rates by 25 base points at each meeting throughout the rest of 2024.
The publication of the Federal Reserve Federal Open Markets Committee Meeting Minutes at 18:00 GMT on Wednesday added more energy to the ongoing decline of the US Dollar. The minutes revealed new information about how the prior Federal Reserve rate decision was made and what some members of the committee spoke about the future.
General Motors has announced that the firm has fired 1,000 employees from service and software departments across the world.
Hapag-Lloyd has revealed that due to higher demand for restocking, shipping across the Atlantic Ocean into the United States has increased.
Reuters has reported that the oil producer APA has announced a $1 billion sale of Permian assets.
The major US retailer and biggest shareholder of JD.com has sold its entire stake of the company's stock. The sale amounts to a total of $3.74 billion.
Due to a decline in demand in China, Estee Lauder has announced that it does not expect to reach its annual earnings estimates. Moreover, the company has retired its CEO Fabrizio Freda
The President of the Minneapolis Federal Reserve Neel Kashkari has stated that it would be appropriate to discuss US rate cuts.
The semiconductor company AMD has set out to acquire server producer ZT Systems for a total of $4.9 billion.
The banking giant Goldman Sachs has reduced its 12-month recession odds from 25% down to 20%.
The alcohol producer Diageo has submitted financial documents to Indian anti-corruption officials that were requested as part of a major investigation.
The government of Japan has evaluated Tokyo Metro for a total of $4.7 billion, as the officials prepare to list the company on the stock exchange.
A recent decline in crude oil prices has been attributed to a potential decline in demand from the Chinese energy market.
Global financial market volatility has declined, as the world waits for the US central banker symposium in Jackson Hole. The main event of the symposium will be the speech of the Chairman of the Federal Reserve at 14:00 GMT.
South Korean AI semiconductor producers Rebellions and Sapeon have agreed to merge. The deal is an attempt to combine forces in an effort to compete with Nvidia.
The Canadian Alimentation Couche-Tard has made a preliminary offer to acquire the Japanese firm Seven & I. The total offer amounts to $38 billion, which is the largest ever offer for a Japanese firm.
The recent decline in stocks price of Alibaba has been caused by the firm missing quarterly financial result forecasts. Alibaba has reported a decline in sales due to declining e-commerce sales.