The US Transportation Department has fined American Airlines for a total of $4.1 million for keeping thousands of passengers on the tarmac. This is the largest fine for breaking the law forbidding the action.
At 14:00 GMT, the Job Openings and Labor Turnover Survey results were published. It revealed that in the United States instead of 9.49 million job openings there are only reportedly 8.83 million jobs available. Due to the news, the US Dollar plummeted in value. Over the span of five minutes the Dollar index lost 0.38% or almost 40 base points.
The Chinese carmaker BYD has announced that it would acquire US firm's Jabil mobility unit for a total of $2.2 billion.
The 3M Company has agreed to settle nearly 260,000 lawsuits from military service members that have suffered hearing loss due to the 3M Combat Arms earplugs. The case is set to be settled by paying out $6 billion over the span of next five years.
Credit Suisse has lost a total of $4 billion in the second quarter of 2023, as reported by the Sonntagszeitung.
As the Evergrande shares resumed trading, the company's value plummeted by $2.2 billion or 79%.
The Governor of Bank of Japan Kazuo Ueda has stated that the slowdown of the Chinese economy is adding uncertainty to the future of the Japanese economy.
US officials have announced that they would soon announce a resolution to the ongoing Tesla autopilot investigation.
The Chinese government has developed a draft of a proposal to cut domestic stock trading stamp duties by 50%. The reduced taxation on trading is expected to boost investment and speculation that should increase local stock prices.
After experiencing a recession during the winter, the German economy has stagnated in the second quarter of 2023. The country has reported zero growth in the three months to July.
Reuters has reported that the European Central Bank policymakers were concerned about declining economic growth and where debating a possible stop to the ongoing monetary policy rate increases.
The Chairman of the US Federal Reserve Jerome Powell has just caused a US Dollar's surge. The head of the central bank has hosted a speech at the Jackson Hole Symposium revealing future monetary policy. The central bank is sticking to its 2.00% inflation target. The Federal Reserve sees room for more tightening. Interest rates are expected to be increased and
The US mobile carrier T-Mobile US has announced that due to increased costs the company would have to fire 7.00% if its workforce, which amounts to a total of 5,000 employees.
The US airline United Airlines has agreed upon a $30 million settlement with the family of a quadriplegic man, who was left in a vegetative state due to a deplaning incident.
Reuters has reported that, as the United States have put restrictions on chip exports to China, the Chinese firms have been hiring up US semiconductor industry talents in an effort to create their own infrastructure.
The crypto exchange Binance and MasterCard have announced that they would end four crypto card programmes in Brazil, Colombia, Bahrain and Argentina.
Boeing has identified a quality issue with one of its suppliers, which is set to cause delay in deliveries of 737 MAX aircraft.
The Chinese state-run Economic Daily has published an opinion that houses should be for living not speculation, as the country has been known for a real estate speculative bubble.
The Brazilian corn exporters are set to overtake the United States as the top global corn exporter, as the country's firms have made breakthroughs in logistics in the north of the country.
The share price of NVidia has jumped 8.50% at the market open. The surge was caused by the company smashing its earnings expectations and announcing a $25 billion share buyback.
The New York Stock Exchange has suspended WeWork shares from trading due to abnormally low trading prices. Moreover, the exchange is starting the process of delisting.
Reuters has reported that the Chinese state planners have given the approval to Xiaomi Corporation to start the production of electric vehicles.
Since the IPO of the Vietnamese electric vehicle maker VinFast the share price of the company has doubled, as the stock has been up by 127.00%.
Recently released S&P Global Purchasing Managers Indices for Germany have reached low levels not seen since May 2022.