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Apple will comply with iPhone charger law

Apple Chief Marketing Officer Greg Joswiak said that Apple Inc. will have to comply with European Union law that is why iPhones will be equipped with a USB-C charger.

26 October 2022
Japan to spend $170 billion on economic stimulus package

The Japanese government plans to allocate 25.1 trillion yen ($170 billion) for a set of measures to boost the country's economy, Kyodo news agency said Wednesday.

26 October 2022
Bank of Japan ramps up bond purchases

The Bank of Japan increased the number of bonds it planned to buy during the day's operations on Wednesday, confirming its intention to defend its ultra-low interest rate policy amid a recent rise in yields, Reuters reports.

26 October 2022
Halliburton's profit doubled amid rising oil demand

Halliburton Co. is beating experts' profit estimates despite the tight oil market. The corporation's adjusted earnings per share reached 60 cents for the third quarter of 2022.

26 October 2022
The Bank of Japan plans to keep the interest rate at the same level

Haruhiko Kuroda, Governor of the Bank of Japan, appears determined to carry out his mission on inflation, ignoring market and political pressure.

26 October 2022
Alphabet investors are worried about rising digital ad prices

On Tuesday, worries in the digital media sector were caused by disappointing ad sales at Alphabet Inc.

26 October 2022
Dollar falls amid heightened expectations of less hawkish Fed policy

According to Reuters, the price of the dollar concerning basic currencies has fallen to a three-week low.

26 October 2022
Xerox shares fall amid pessimistic forecasts

Xerox Holdings Inc shares fell about 25% on Tuesday. The drop in the company's stock came after the photocopy maker cut its annual earnings and cash flow forecast.

26 October 2022
Microsoft shares fall amid forecasts of weak Azure growth

Microsoft shares fell due to weak sales of the Azure platform. Microsoft Chief Financial Officer Amy Hood estimates Azure revenue growth will be 37% in the current quarter, down 5% from the third quarter. Last quarter, Azure sales were up 42%.

26 October 2022
Oil declines as US crude stockpiles rise

As reported by Bloomberg, oil flopped amid the release of an industry report that revealed an increase in crude oil stockpiles in the US. Investors were concerned about a decline in demand for oil amid slowing growth.

26 October 2022