The number of US citizens filing their claims for unemployment benefits surged unexpectedly last week following new layoffs and slow labour market recovery due to the coronavirus pandemic.
On Thursday, Macy's posted over 20% fall in its quarterly comparable sales, expecting a decline in the whole fall season, and marking a tough holiday period for the company.
Alphabet's Google redesigned its US payments app by implementing paid promotions to its service, as well as opening the waitlist for Citigroup bank accounts, which are set to be launched in 2021.
On Thursday, UBS announced that it would be paying out its 2019 dividend in full amount. The bank is the first one in the sector to do so.
Over 30 major Japanese companies are set to launch experiments in 2021 towards issuing a private digital currency, seeking to promote digitalisation, group's official stated on Thursday.
Shares of Tesla surged more than 10%, extending its rally after the announcement that the electric carmaker is set to join the S&P 500.
Global debt is likely to hit record $277 trillion by 2020-end as companies and governments continue to spend amid the COVID-19 pandemic, according to the IIF report.
Rivian, backed by Ford Motor and Amazon, announced plans to follow up its two products, an SUV and full-size pickup, with smaller models for Europe and China.
Canada and the UK were closer to signing a new trade deal, which will replace the current deal Britain has through the EU membership.
The head of telecoms equipment producer Ericsson told the FT that Sweden's decision to ban Huawei from its 5G networks restricts free trade and competition.
Canada's Intact Financial and Denmark's Tryg reached an agreement to buy the UK insurance group RSA for £7.2B in cash.
Uber Technologies self-driving unit considers partnership with other autonomous firms, according to the company's CEO statement made on Wednesday.
On Wednesday, BMW announced its plans to retool the German plants to build electric vehicles and components, seeking to move its combustion engine manufacturing to factories in England and Austria.
Major US utilities group together with Tesla, Uber and others created a new US lobbying group for national policies aimed to bolster electric vehicle sales.
Amazon France's CEO stated on Wednesday that the second French lockdown was boosting the online retailer's sales with the activity rising 40%-50%.
Bitcoin has broken through $18K this Wednesday to hit thee record-high since December 2017, driven by growing demand for the cryptocurrency's perceived quality as expectations of the mainstream acceptance and inflation hedge.
On Wednesday, Apple announced its plans to launch a programme to lift down its App Store fees for smaller software developers, who have not more than $1M in proceeds annually from the store.
General Motors is set to announce on Thursday its expanded and boosted electric vehicle strategy in the company's effort to assure investors about its chances to be a serious rival to Tesla.
On Wednesday, Pfizer has reported its COVID-19 vaccine trial's final results showed a 95% success rate, paving its way to apply for the emergency US authorisation within days.
The US Federal Aviation Administration's chief Steve Dickson stated he was "100% confident" about the Boeing 737 MAX being safety, allowing the planes to resume flights on Wednesday.
The Swiss financial giant UBS projected on Tuesday that production and earnings would return to pre-pandemic levels by the end of next year.
McDonald's brand, McCafe, stated on Tuesday that it would invest $381. 6M in Shanghai coffee market over the next three years.
The US Boeing stated on Tuesday that air cargo transportation is expected to grow 4% annually over the next two decades, thus creating a demand for production of more cargo planes.
According to Le Monde newspaper report published on Tuesday, Air France-KLM is discussing ways to raise $7.1B from its main shareholders.