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The effects of the strike are starting to be felt, with FXCM’s US Automobiles basket starting to show signs of pressure.

Almost 13,000 United Auto Workers (UAW) members went on strike at three American assembly facilities belonging to General Motors, Ford Motor, and Stellantis. This after the union and the automotive companies failed to come to an agreement regarding a fresh labour contract on Thursday evening.

The British chip designer made its debut on the Nasdaq on Thursday with gains of almost 25%, in the biggest IPO of the year, which also helped the banking sector higher

Citigroup is restructuring and streamlining operations under CEO Jane Fraser.

The European Union plans to initiate an inquiry into the subsidies that China offers its electric vehicle manufacturers.

The tech giant unveiled new products on Tuesday, including the new iPhone 15 and said it is on track to ship its augmented reality headset next year

Microsoft Corporation's stock has experienced a recent period of underperformance compared to its counterparts in the technology sector. However, according to analysts from Citi Research, there are reasons to believe that Microsoft's stock is primed for a stronger showing in the coming months.

Tesla retraced to its 61.8% Fibonacci retracement level (blue horizontal line) over July and August. This overlayed with price support (red dashed horizontal line), and the decline was stayed. Since then, TSLA.us has moved higher, with its green 5-week EMA crossing bullishly above its orange 10-year moving average (red circle). Moreover, its weekly RSI has crossed back above 50 (blue rectangle). This is the bullish side of the oscillator and…

Meta Platforms is strategically positioning itself to become a formidable contender within the realm of artificial intelligence. This has ignited investor enthusiasm and bolstered the company's stock performance.

Apple is expected to launch its iPhone 15 on 12 September. However, there are headwinds that have clouded the release. Yesterday, the Wall Street Journal reported that China has banned government officials from using iPhones for work purposes. Bloomberg then reported that the ban may be extended to government-backed agencies and state companies.