Implementation of lower US tariffs on Switzerland targeted in coming days

Oil prices experienced their largest decline in a week as U.S. fuel inventories increased. Investors are closely watching the potential impact of upcoming sanctions on two major Russian oil producers, which are set to take effect on Friday.

New York City's transit network, the largest in the US, plans to reduce its operating budget deficits by $418 million over the next three years. This will be achieved through expense cuts and a potential recovery in real estate tax collections.

Valentin Gapontsev's trust has sold shares of IPG Photonics (IPGP) for $5.09 million. This transaction reflects Gapontsev's financial strategy and decision-making regarding his investment in the company. The sale is part of standard practices among shareholders.

Hyster-Yale has announced the elimination of 575 jobs globally due to a slowdown in its industrial segment. This decision reflects ongoing challenges within the market, impacting the company's operational capacity and workforce.

First Capital has declared a quarterly dividend of $0.31 per share, reflecting its commitment to returning value to shareholders. This decision is part of the company's ongoing financial strategy to maintain investor confidence and support its growth initiatives.

Nvidia has forecasted its fourth-quarter revenue to exceed estimates, reflecting strong demand for its AI chips. The company has reported a significant increase in revenue, driven by exceptional sales of its Blackwell AI chips. This positive outlook comes amid ongoing discussions about the sustainability of the AI boom.

Atlassian CEO Mike Cannon-Brookes has sold $1.13 million worth of shares in the company. This transaction is part of standard executive trading practices and reflects Cannon-Brookes' financial decisions regarding his stake in Atlassian.

Farquhar Scott has sold shares of Atlassian (TEAM) valued at $1.13 million. The transaction reflects Scott's decision to liquidate a portion of his investment in the software company, which is known for its collaboration and productivity tools.