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Powell to dash hopes of easing rate hikes, pressuring gold

Gold fell on Thursday amid a hawkish stance by Federal Reserve (Fed) Chairman Jerome Powell. The head dispelled market hopes by announcing a further monetary tightening.

3 November 2022
Elon Musk plans to eliminate half of Twitter jobs

Employees of the U.S. social network Twitter will be notified of possible job cuts on Friday. Elon Musk and a team of advisers are considering various options for changes regarding the number of job openings and Twitter's policies. It has also been stated that downsizing terms could change.

3 November 2022
Moody's is decreasing the rating of European banks

The international rating agency Moody's introduced some changes. On Wednesday the predictions for banks in Germany, Italy and other four countries were decreased

3 November 2022
Estee Lauder fell by 10% after lowering its profit forecast

The stock of Estée Lauder (EL), an American cosmetics company, fell by 10% after its announcement of lowering the company’s full-year forecast. According to Estée Lauder’s outlook, adjusted earnings per share (EPS) will be $1.43 on total revenue of $3.93 billion.

3 November 2022
Ford EV market share jumped 2.2% year-over-year

In October, Ford EV market share increased 2.2% year-over-year to 8.9%. Ford is a top 2 EV maker to trail Tesla according to electric vehicle sales.

3 November 2022
Tesla closes Beijing showroom as retail strategy changes

There have been rumors that electric car company Tesla has decided to cut costs in the market in China by closing a leading showroom there.

3 November 2022
Boeing executives are adding to the optimism of skeptical investors

On Wednesday, Boeing Co.'s top executives talked about their forecast to increase airplane supplies and grow in free cash flow next year.

3 November 2022
Fed raises interest rate by 0.75% and leaves the question of lowering the rate hike open

The U.S. Federal Reserve hiked interest rates again Wednesday by three-quarters of a percentage point and warned that further increases in borrowing costs will be needed as part of its fight against inflation.

3 November 2022
EBay's quarterly results beat expectations amid focus on luxury items

EBay Inc. released its third-quarter 2022 report Wednesday, outperforming Wall Street’s estimates. Consumers, trying to avoid the impact caused by soaring inflation, started to purchase refurbished goods.

3 November 2022
Free Cash Flow of Boeing will be from $3 to $5 billion in 2023

On Wednesday, Boeing Chief Financial Officer Brian West notified investors that the company’s revenue in the new year will be $3-5 billion upon payment of all tax liabilities. These forecasts were announced at the conference for investors ahead of the increasing supplies of airplanes 737 MAX и 787.

3 November 2022