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Amazon offers home insurance for U.K. customers

Amazon.com Inc. has expanded its scope of activities. The company will now also offer U.K. consumers home and property insurance from third-party providers.

19 October 2022
Citigroup analysts consider impending recession to have more effect on U.S. equities

Quantitative strategists from Citigroup Inc. suggest that U.S. equities are priced with higher recession risks being taken into consideration, i.e. with higher risks than any other type of assets. Due to this fact, U.S. equities might be prepared for more losses.

19 October 2022
Adobe earnings are under pressure due to the strong dollar

Major design software maker Adobe Inc. reaffirmed its forecast for the current quarter, even though expected revenue for 2023 came in below analysts' estimates.

19 October 2022
Amazon will stream first-ever Black Friday game in November 2023

Amazon Prime Video will air the first ever National Football League (NFL) Black Friday game next year.

19 October 2022
ExxonMobil, Cyclyx and LyondellBasell will build plastic recycling plant in Houston

Cyclyx International, ExxonMobil and LyondellBasell signed an agreement to build a unique plastic waste sorting and recycling plant in Houston.

19 October 2022
Fed will continue to tighten monetary policy as long as core inflation rises

According to Neel Kashkari’s announcement as Minneapolis Fed President, the U.S. Federal Reserve System won’t be able to stop its campaign of monetary policy tightening at a key rate of 4.5-4.75%, if core inflation continues to gain pace.

19 October 2022
With U.S. stocks rising, investors search for signs of market bottom

Based on stock market indicators, the recent rally in the U.S. is likely to indicate a sustained move higher. A majority of investors are less resolute, expecting signs of lower inflation.

19 October 2022
Pfizer CEO: 2023 will be a turning point

The COVID-19 pandemic is slowly coming to a halt. Masks are now unnecessary in most public places, transportation and municipalities. Vaccination rates have stabilized.

19 October 2022
The Bank of England's bond sales program starts on November 1

On November 1, the sale of a part of British government bonds will start, as announced by the Bank of England. At the same time, long-term securities caught in the epicenter of the recent storm in the UK government bond market will not be sold this year.

19 October 2022
Bank of Canada slows the pace of interest rate hikes

The Bank of Canada is expected to decide to raise the overnight interest rate at a meeting. This time the increase will be less than the previous one, it’s expected to be 50 basis points.

19 October 2022