Recently released Chinese factory output data has revealed that the sector has continued to slow down for a third straight month, as the Chinese economic recovery has shown signs of failure.
Reuters has reported that major investors have held back from buying back assets, as they expect a larger wave of selling that could follow additional recession concerns.
The Swedish electric vehicle producer has announced the start of production in the United States, as the firm intends to avoid US import tariffs.
The CEO of Chipotle Brian Niccol, who managed to turn around Chipotle, has been named by Starbucks as the new CEO of the company.
The main supplier of Apple, Foxconn has revealed that it has passed quarterly earnings forecasts by increasing profits by 6.00%.
The producer of Mars, Snickers and other candy bars has announced the acquisition of Pringles chips producer Kellanova for a total of $36 billion.
The National Highway Traffic Safety Administration has ended the preliminary investigation of 1.8 million Toyota RAV4 SUVs and the causes of the issue of short-circuiting batteries.
The Chinese tech giant Tencent Holdings has announced that the firms has experienced an 8.00% increase in quarterly revenues.
General Motors has announced a recall of 21,000 electric SUVs in the United States due to brake issues.
The largest union of Samsung Electronics has started a four-day strike, starting from Thursday. The union demands higher wages and bonuses.
The US National Federation of Independent Business has revealed that its Small Business Optimism Index has increased to the highest level seen since February 2022.
The Chinese tech firm Huawei is creating a new AI chip that is expected to compete with Nvidia products in China, as reported by the Wall Street Journal.
Rho Motion has reported that global electric vehicle sales increased by 21% in July, as China has reported a 31% increase of sales year-on-year.
Moody's and S&P rating agencies have revealed to Reuters that both agencies doubt that Boeing could reach its 2024 737 MAX aeroplane production targets.
United States manufacturing firms have experienced a surge in property insurance costs. Insurance prices are reportedly doubling at their annual renewals.
Pfizer has announced that the firm's new respiratory syncytial virus vaccine Abrysbo has shown good results in helping patients with compromised immune systems.
South Korean officials have held a meeting to discuss EV safety regulation, as consumer have been concerned about recent electric vehicle fires.
The oil production cartel OPEC has revealed that it expects demand for oil to decline in 2024 due to lower purchases from China.
The United States Bureau of Labor Statistics has published the Consumer Price Index data sets. In general, inflation is below market forecasts. Although, the US Dollar reacted to the news by surging.
The Chief Executive Officer of the Bank of America Brian Moynihan has recently stated that the US consumers could face issues, if the Federal Reserve does not cut interest rates.
The Vietnamese government has announced plans to subsidize electric vehicle charging stations, as the country intends to promote the adoption of EVs.
Reuters has published research results that indicate that British Chief Executive Officers have received record pay for the fiscal year of 2023.
United States auto safety authorities are investigating Hyundai due to a potential issue of seat belts of nearly 330,000 vehicles.
The electric vehicle maker Nikola has published smaller than forecast quarterly financial losses, which has caused the recent surge of the firm's stock price.