The Taiwan Semiconductor Manufacturing Company has revealed that it expects a third quarter profit decline of 30%.
Crude oil prices have started a decline, as the US government has been considering an easing of sanctions on Venezuelan oil exports.
The professional social media site LinkedIn has announced a second employee lay off, which is set to result in the firing of 668 employees.
Recently published Chinese consumer price data has revealed that consumer and factory-gate prices had declined more than expected during September.
Rising rents and gas prices in the United States have been the main reason for returning inflation. Meanwhile, other sectors have experienced a decline in prices.
Bloomberg has reported that the Chinese government is evaluating the use of a new fund that would prop up the equity markets.
Electric vehicle sales in the United States have reached a new record high level. However, Tesla dominates only half of the market, compared to 62% in the first quarter of 2023.
The United Kingdom antitrust regulators have allowed Microsoft to acquire Activision Blizzard in a $69 billion deal that was previously forbidden.
The Swedish electronics giant Ericsson has revealed a 39% decline in quarterly profits. The decline has been attributed to major drop of demand in North America.
Reuters has reported that in a new attempt to control capital China has announced the prohibition of new offshore brokerage accounts.
Crude oil prices are reacting to the United States tightening Russian crude oil export restrictions. The new rules have caused an expectations of reduced global supply. At mid-Friday, US light crude traded near the 85.00 mark and Brent crude was above 89.00 level.
Internet giants Google, Cloudflare and Amazon have reported that they have encountered the largest ever denial of service operation. Moreover, the attacks had used a new technique.
The United Auto Workers have announced this week that they were expanding the ongoing strike to the largest Ford factory in the world.
Microsoft has announced that the United States Internal Revenue Service has notified the company that the government seeks an additional payment of $28.9 billion, interest and penalties for the period of 2004 up to 2013.
The President of Atlanta Federal Reserve Bank Raphael Bostic has stated this week that the Federal Reserve should not increase interest rates further, as the current rates have already slowed down inflation.
The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards.
The stock prices of firms that provide dialysis services to diabetes and kidney failure patients have dropped due to Novo Nordisk revealing that Ozempic has shown success in permanently treating these diseases.
Reuters has revealed that due to buying up cheaper sanctioned oil from Iran, Russia and Venezuela Chinese firms have saved almost $10 billion.
The United Kingdom Office for National Statistics has released the monthly UK GDP data. Despite hitting the forecast of 0.2% growth, the publication caused a drop of the Pound's value due to the revision of the prior data from -0.5% to -0.6%.
The Korean electronics giant Samsung Electronics has reported better than expected 2023 third quarter financial results. The new caused a surge of the company's stock price.
The United States Treasury Secretary Janet Yellen has revealed that she would meet with the Governor of the Peoples Bank of China Pan Gongsheng to discuss debt issues.
The International Monetary Fund has kept its global economic growth outlook almost unchanged. Although, the IMF has increased its GDP expectations for the US. Meanwhile, the GDP forecasts for China and Europe have been decreased.
The United States Bureau of Labor Statistics has just published the monthly US Producer Price Index and Core Producer Price Index. The PPI was expected to show an increase of 0.3% and the Core PPI was forecast to have grown by 0.2%. Instead the PPI was revealed to increase by 0.5% and the Core PPI shows growth of 0.3%.
The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.