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Mobileye, an Intel unit, raised $861 million in IPO

Reuters reports that Mobileye Global Inc, the unit of chip maker Intel Corp, which develops self-driving systems, raised $861 million in an initial public offering (IPO) without fear of trading volatility.

26 October 2022
GE CEO expects difficulties in 2023

In the next year, General Electric Co is likely to experience difficulties associated with a less stable operating environment, as stated by the company's Chief Executive Officer Larry Culp, who nonetheless believes his company is capable of coping with this challenging environment.

26 October 2022
AT&T stock gets a new upgrade after its report

Analysts at Raymond James upgraded the AT&T stock rating from Outperform to Strong Buy and set a price target of $24 per share. The company’s upgrade of rating was caused by several reasons.

25 October 2022
S&P 500 rise ahead of Big Tech earnings

The S&P 500 Index is rising as investors await a wave of quarterly reports from major technology companies.

25 October 2022
Oil rises thanks to lower US dollar, but demand remains worrisome

Due to the fact that the US dollar has fallen relative to other leading currencies, there is an increase in oil prices, although this growth is restrained by concerns about slowing growth of global fuel demand in light of weak economic data from the world's largest oil importers, including China.

25 October 2022
The dollar continues to rise despite a suspected intervention by the Bank of Japan

The dollar rose on Monday, despite another suspicion of currency intervention by Japan.

25 October 2022
Deloitte: U.S. oil companies' cash flow to increase by 68% per barrel in 2022

U.S. upstream oil companies could see their free cash flows swell by 68% per barrel produced in 2022. Rising prices drive profit to grow, while production growth has remained at 4.5% year to date, as reported by Deloitte consultancy on Monday.

25 October 2022
New Zealand's central bank hopes inflation has peaked

According to Chief Economist Paul Conway, the Reserve Bank of New Zealand (RBNZ) expects inflation to have already peaked, even though third-quarter reports showed it was higher than anyone would have expected.

25 October 2022
Ruble stabilized, with interest rate decision at the center of attention

The Russian ruble strengthened on Monday thanks to a favorable end-of-month tax period and the prospect of upcoming dividend payments, which also boosted equities as investors await the central bank's interest rate decision on Friday.

25 October 2022
Tesla is improving the efficiency and charging speed of electric cars

A software update for electric cars manufactured by Tesla Inc. was released over the weekend.

25 October 2022