Ford Motor and Unifor, the union representing Canadian auto workers, have reached a preliminary three-year labor contract covering over 5,000 employees. The deal, which awaits member ratification, could set a pattern for upcoming negotiations with General Motors and Stellantis.
Bank of America has initiated coverage on European web-hosting firm Ionos with a 'Buy' rating, forecasting a 17% compound annual growth rate for earnings per share, driven by AI opportunities and sovereign cloud demand.
Gold is trading in a tight range below the key resistance level of $4,150, forming a "bearish pennant" pattern that suggests the recent downtrend could continue, according to a technical analysis from Investing.com.
Russia has reportedly suspended traffic through the Don-Azov channel, a route for nearly a quarter of its wheat exports, following a Ukrainian attack on its vessels in the Sea of Azov.
Brent crude surged toward $80 a barrel following renewed US-Iran hostilities, while South Korea's KOSPI index entered a bear market, signaling a risk-off mood ahead of key US inflation data and corporate earnings.
Bitcoin and other major cryptocurrencies rallied on Thursday after a surprisingly weak U.S. jobs report for June led investors to scale back expectations for a near-term Federal Reserve interest rate hike.
The cryptocurrency EOS experienced a sharp sell-off, falling more than 15% in its most significant daily percentage drop in several years, even as market leaders Bitcoin and Ethereum posted gains.
The Oregon attorney general's office has pulled its legal request to delay the media megadeal, accusing Paramount of non-compliance. The $110 billion transaction still faces significant regulatory scrutiny from other states.
The main sea freight index for dry bulk commodities rose to 2,944, marking an 8.4% weekly gain, primarily driven by a sharp increase in charter rates for larger capesize vessels.
