In the aftermath of major price drops, the US office real estate market has been observed to be bottoming, as reduced interest rates have revived demand.
The ChatGPT maker OpenAI has attached new investment from Microsoft, Nvidia and venture capitalists. The total attracted investment is $6.6 billion.
The US retailer Amazon has announced its plans to hire 250,000 workers in warehouses and transportation to meet this holiday season demand.
A US Federal judge has dismissed the Department of Justice case that accused eBay of allowing the sale of harmful products like motor pollution avoidance kits and pesticides.
US carmaker Stellantis has recalled 194,000 Jeep plug-in hybrid cars due to fire risks.
The Federal Communications Commission has fined T-Mobile with a $31.5 million fine for data breaches that impacted the firm's clients over the span of three years.
The US Federal Trade Commission has allowed Chevron to acquire Hess Corporation for a total of $53 billion, if the current CEO John Hess does not get a seat on the Chevron board of executives.
The Canada based Toronto Dominion Bank has agreed to pay a $20 million fine to resolve the ongoing spoofing case with US authorities.
President of the Atlanta Federal Reserve Raphael Bostic has revealed to Reuters that he is open to another 0.50% Federal Reserve interest rate cut.
Various major banks have published their outlook for gold prices in 2025. In general, most bankers expect the bull run to continue and gold to book new all-time high levels.
The Chinese National Bureau of Statistics has published its Purchasing Managers Indices for the services and factory sectors. Both of the indices indicate that the sectors continue to decline.
Chinese stock indices have ended September by booking the best month seen since April 2015. Meanwhile, investors appear to be continuing to pile into Chinese stocks, since the government announced new stimulus.
Reuters has revealed that the TikTok owner ByteDance is developing a new artificial intelligence model that would use Huawei chips.
The UK carmaker Aston Martin has announced that the firm expects lower than previously forecast annual profits due to supply chain issues and competition in China.
LSEG data has revealed that cross-border M&A action in the Asia Pacific region has recovered during 2024.
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.