The U.S. Federal Reserve is expected to cut the pace of interest rate increases as early as the end of the year. On Thursday, it was reported that the economic slowdown has already taken place. According to the reports, it was provoked by the Fed's actions.
An analyst at the Uber company, which provides taxi services, released the first findings on the company’s partnership with Hertz Global Holdings Inc last week. It has already been a year since the beginning of the companies' cooperation on Tesla’s electric vehicles supply.
On Thursday, Apple Inc announced revenue and profit that exceeded expectations of Wall Street, thereby becoming one of the few positive news in the IT sector, which has been hit by inflation-driven spending cuts, according to Reuters.
The European Commission’s antitrust enforcers are investigating Google Play Store developed by Google (Alphabet unit), as stated in a regulatory filing.
According to Reuters, Amazon.com Inc. is forecasting slower sales growth over the holiday season, falling short of Wall Street's expectations and a warning that consumers and businesses worried about rising inflation are spending less money.
Intel downgrades its 2022 forecast for the second time. In the first quarter, one share brought in $0.59 in profit.
McDonald's earnings results for the third quarter of the year were released on Thursday and exceeded analysts’ expectations due to the company’s marketing strategy and higher prices on the menu.
Due to record U.S. crude oil exports, as well as state refineries operating at higher levels for this time of year, oil prices are rising, Reuters reported.
On Thursday, an American chipmaker Intel Corp announced the cut of the company’s profit and revenue forecasts for a full financial year, and also the staff reductions. At the same time, the company’s personal computers segment demonstrated higher-than-expected results.
According to Reuters, Tesla is recalling more than 24,000 cars across America. The reason is that some defects were found in the seat belts of the Model 3 2017-2022 car.
