Ignazio Visco, the current governor of the Bank of Italy, says the European Central Bank (ECB) should curb inflation in a planned manner, anticipating the risks faced by the Eurozone.

Analysts at Goldman Sachs predict that the federal funds rate will peak at 4.75-5%. In addition, a new increase of 25bp is expected in March 2023. In total, Goldman Sachs advocates a November increase of 75bp, a December increase of 50bp, and subsequent steps of 25bp in both February and March.

Several Apple Inc executives involved in the retail online store and information-systems divisions left their posts.

According to Reuters, oil prices reversed their recent declines Tuesday after OPEC raised its medium- and long-term demand forecasts and reiterated its willingness to help stabilize prices if necessary for markets.

Bank of America appointed Adam Cady to the position of leader of a financial sponsors group on both American continents. Filip Rensky was named as vice chair of world financial sponsors.

Stocks of technology-oriented megacapital companies dropped due to disappointing results. In contrast, stocks of energy companies continued their rapid rise

The Stock Trader's Almanac reports that October could end the downtrend. November, on the other hand, is often the golden mean in stock markets. So, a new bull market is expected, reversing the bearish trend of previous months.

Analysts at UBS revised their rating on Caterpillar from "Buy" to "Neutral," raising their target price from $225 to $230.

A new campus of U.S. automaker Ford Motor began its work this Monday, Reuters reports. The campus is located on the outskirts of Mexico City's Naucalpan. The automaker has invested a large sum of $260 million in its opening.

Elon Musk announced Sunday that Twitter would change its user verification procedure. According to Reuters, the American entrepreneur came up with the decision just days after the acquisition of the social media was completed.