Major electric vehicle producers have made requests to the US President not to cut the EV purchase tax credits, which has been rumoured to be the goal of the new administration.
The Chairman of the US Federal Reserve Jerome Powell has stated during his most recent interview that the Fed is in no rush to cut interest rates, as the US economy remains strong.
Reuters has reported last week that the incoming White House administration intends to get rid of the $7,500 electric vehicle purchase incentive that was created by the Biden administration.
The Chairman of the US Federal Reserve Jerome Powell has stated that the Fed has time to continue on with its current policy, before starting to adapt and take into account Trump's economic reforms.
The fund of Warren Buffett, Berkshire Hathaway, has bought 1.28 million shares of Domino's Pizza.
A hedge fund and equity firm lobbying group has asked the incoming US Trump administration to reform the US Securities and Exchange Commission by reviewing legislation that is seen as harmful for private funds.
Reuters has published a report on how Elon Musk could use his new government position to create federal legislation that would push forward the Tesla Robotaxi project.
During October, global electric vehicle sales have increased by 35%, compared to the same month a year ago. The main driver of sales has been China.
Amazon has launched a new low-cost ecommerce service, Amazon Haul that is aimed at competing with Temu.
This week, Volkswagen announced an additional $5.8 billion investment in the EV maker Rivian. The news caused a surge of the firm's stock price.
Bain & Company have revealed that the consultancy firms expects global luxury goods sales to decline in the year of 2024.
The Japanese Corporate Goods Index, which is an indicator for wholesale prices, has increased by 3.4%. This is the highest increase observed in a year.
Metal platforms are set to face an antitrust lawsuit in the United States over the firm's acquisition of Instagram and WhatsApp.
Federal Reserve has conducted surveys that revealed that United States banks have observed lower demand for loans during the third quarter of 2024.
During this week, two heads of US Federal Reserve branches have commented that they see the current lowered interest rates as already restrictive enough, despite this week's CPI revealing higher inflation.
As the US aeronautics firm intends to fire 10% of its workforce, the first employees to be laid off have started to receive termination notices.
The President of the Minneapolis Federal Reserve Neel Kashkari has recently stated that he sees the US monetary policy as moderately restrictive.
The struggling jet part producer Spirit AeroSystems has revealed that it has received nearly $450 million from Boeing and Airbus in advance payments.
Bloomberg News has reported that Greg Brockman has returned to OpenAI. Brockman was one of the founders of the artificial intelligence start up.
On Thursday, the publication of the US Producer Price Index showed that inflation is raising also at the producer level. The US Dollar reacted to the news by resuming the prior surge that was observed to have overextended itself.
Bridgewater Associates have commented that the firm suggests clients to hold US stocks, in the aftermath of the US elections.
The New York Federal Reserve has surveyed consumers and found out that the NY population expects lower inflation and lower debt delinquencies.
The total subscriber base that is watching adds on Netflix has reached 70 million, as the firm has managed to grow the user base.
The United States Federal Deposits Insurance Corporation has revealed that households that use check cashing and payday loans are more likely to hold cryptocurrencies than consumers that have more funds and use traditional banking.