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Japan releases $200 billion package to mitigate inflation

Reuters reported that Japan is determined to fight inflation decisively next year. On Friday, a list of measures will be announced that, among other things, help cut energy costs. Such measures will help both to fight inflation and justify the Bank of Japan.

27 October 2022
ECB to raise interest rates, likely to trim bank subsidies

The European Central Bank will raise interest rates again Thursday and likely get a key subsidy to commercial banks, taking another important step in tightening policy to combat a historic spike in inflation, Reuters reported.

27 October 2022
Insights from the head of the Bank of Canada's speech on rates and economic growth

At a press conference, Tiff Macklem, head of the Bank, said about the continuation of quantitative tightening, which supplements the increase in the key rate.

27 October 2022
Morgan Stanley: the bear market may end at the beginning of 2023

Chief Investment Officer and main specialist on American stocks Mike Wilson said that the market of US stock sellers will end in the first quarter.

27 October 2022
The head of the trading division of Starbucks leaves the company

Tim Scharrer, the head of the trading division of Starbucks Corp., has left the company, becoming the third executive to leave the company within the past month.

27 October 2022
JPMorgan recruits more employees for Asia Pacific units

JPMorgan Chase & Co. starts additional hiring to build teams that will be in charge of card transactions and other commercial payments. The company is recruiting employees for key Asian markets, citing the e-commerce boom.

27 October 2022
Ford losses cause abandoning a full automated driving

Ford Motor Co. reported earnings for the third quarter of 2022, Reuters said. The indicators showed an increased net loss for the company following a burden-shifting from Argo AI's self-driving business.

27 October 2022
Bank of Canada slows down rate hikes

The Bank of Canada unexpectedly slowed its pace of rate amid fears that the economy is flirting with a recession.

27 October 2022
Boeing's recovery from losses in its defense business will take a long time

On Wednesday, Boeing Co. warned about the extended time for its recovery from a disastrous crisis in security and economics.

27 October 2022
Pivotal Research: Netflix stock is attractive amid slowing digital advertising growth

On Wednesday, Pivotal Research increased its target price for Netflix stock almost twice from the previous price, raising it from $200 to $375, and gave a buy rating. According to analysts at Pivotal Research, Netflix is quite attractive to investors at the moment.

27 October 2022