The parent company of Google has reported the third quarter earnings. In general, the firm has passed expectations by experiencing a 10.00% surge in digital add revenues. The stock started the day's trading with a 7.00% gap up.
AMD has reported the firm's quarterly financial results. In general, the firm hit third quarter forecasts, but the stock is dropping due to the firm reducing expectations for the next quarter.
Morningstar has released research that indicates that in 2024 the number of AI equity traded funds has increased by a third, as the AI associated firms continue to attract investment.
The battery making unit of LG Energy Solutions has reduced its expectations for 2025, as the firm has observed a decline of demand for electric vehicles.
In an effort to raise cash, this week, Boeing has launched a new stock sale that is expected to raise as much as $19 billion.
The government of China has warned the European Union to stop negotiating with Chinese electric vehicle makers without the involvement of the Commerce Ministry.
The Chief of the Belgian Central Bank Pierre Wunsch has revealed that he sees no urgency for the ECB to cut rates at a faster pace. Moreover, Wunsch has stated that the Euro Zone could live with inflation below 2.00%.
Index Ventures have revealed in a report that seven European countries have improved their legislation to compete with the US in attracting investment and talent to start-ups.
Taiwan Semiconductor Manufacturing Company has announced that it is suspending shipping to China, as a chip made by the company has been found in a Huawei AI processor.
At 14:00 GMT, two data sets were released that conflict with one another. The US JOLTS Job Openings disappointed, but the CB Consumer Confidence surprised the markets. However, it appears that JOLTS rule the market, as the US Dollar dropped on the announcement.
The Governor of the Bank of England Andrew Bailey has revealed that the central bank is continuing to work on the creation of a digital currency that would be available for the public.
The Information has reported that Google is developing new AI tech that would control web browsers in order to do various tasks.
Stock exchange data indicates that last week, Nvidia has managed to surpass Apple as the world's top value company.
The Chinese government has met with US officials in Washington. At the meeting, Chinese representatives expressed concerns over US tariffs and sanctions on Russia.
A US court has ruled that the United States labor board has been wrong by ordering Musk to delete an anti-union tweet.
The Chinese online retailer Alibaba has decided to pay $433.5 million to settle a lawsuit with shareholders that claimed the firm had practised monopolistic policies.
The Wall Street Journal has reported that Boeing is exploring a potential sale of its space business, as the firm intends to raise cash.
The President of the Federal Reserve Bank of Dallas Lorie Logan has recently commented that she would prefer gradual interest rate cuts. Moreover, the Federal Reserve should continue on with reducing its balance sheet.
Crude oil price benchmarks started the week by dropping more than 5.00%. The decline was attributed to the limited Israeli attack on Iran. The markets appear to have expected an escalation and surge in oil prices.
Walt Disney has picked the Executive Chairman of Morgan Stanley James Gorman as the firm's new Chairman. Gorman is set to take the new position in January.
The government of Portugal has announced that the country has to retrain 1.3 million people or 30% of the workforce to work with new AI tech in an effort to close the productivity gap it has with the rest of the European Union.
The CEO of Dolce & Gabbana has revealed that the firm could do an initial public offering in the future. However, the current priority of the firm is a stronger business.
Vedomosti have reported that the Russian government purchases of iPhones in 2024 have been four time higher than in 2023, despite officials being banned from using Apple devices.
Reuters has published a report on how Latin American countries are preparing for the upcoming US Presidential Election, as trade tariffs and monetary policy of the United States are set to be influenced by the President and in turn impact the neighbouring region.