The benchmark S&P 500 .SPX last week hit its first closing all-time high in two months after the Federal Reserve unveiled a hefty 50-basis point rate cut.
The local currency has lost value and the price of fuel continues to increase
Volkswagen said earlier this month it needed significant restructuring to stay competitive, and was considering shutting sites in Germany for the first time in its 87-year history
In Tokyo, the Nikkei 225 index soared 1.5% to close at 37,723.91
Biden emphasized that there was more work left to do, but he used his speech to the Economic Club of Washington to burnish his economic legacy even as he criticized Republican presidential candidate Donald Trump
The union, has been pushing for a 40% raise over four years in its first full contract negotiations with Boeing in 16 years, well above the planemaker's offer of 25%, which was resoundingly rejected
Teresa Ribera must secure European Parliament's approval before taking up her post
Samsung workers on strike for over a week, want higher wages
Talks between the company and the Air Line Pilots Association produced a tentative, four-year collective agreement, the airline announced in a statement early Sunday
Senior officials at the US central bank including Fed chair Jerome Powell have in recent weeks indicated that a rate cut is coming this month
China has been grappling with a lagging economy post-COVID
Apple ranked first in annual shipments for high-end smartphones in China in 2023, capturing a market share of 17.3%, says industry research firm IDC China
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