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Apple stock is a good pick amid a downbeat outlook for the hardware sector

Morgan Stanley analyst Erik Woodring warned that a sharp drop in sales of personal computers and consumer electronics during recent quarters would negatively affect computer hardware stocks.

18 October 2022
Intel has lowered Mobileye IPO valuation to $ 20 billion

Intel believes its self-driving car division Mobileye Global Inc. will be priced significantly lower than previously estimated during its initial public offering, as reported by Corrie Dribush from The Wall Street Journal.

18 October 2022
Apple halted plans on using Chinese chips made by YMTC

Apple has temporarily halted its plans on using memory chips by Yangtze Memory Technologies Co.

17 October 2022
ECB may start cutting the balance sheet when the rate becomes neutral

The president of the central bank of the Netherlands, Klaas Knot, said that once the interest rate increases to a level that will neither push the economy to grow nor slow it down, the ECB should consider cutting its own assets, which, according to Knot, are too large.

17 October 2022
Citi analysts expect dollar to peak only when global economy hits bottom

The dollar continues to rally until the global economy recovers and accelerates, according to Citigroup Global Markets Inc.

17 October 2022
Bitcoin remains at $19000 level

The last weekend was quiet for the Bitcoin’s to US dollar exchange rate (BTCUSD), and the volatility spotted throughout the week completely disappeared. At the moment, commentators are waiting for the returning of the rush.

17 October 2022
Xi Jinping aims to win US tech battle

Chinese President Xi Jinping promised that his country would win the fight to develop strategically important technologies.

17 October 2022
Wall Street falls amid increasing inflation and rising worries of a recession

On Friday the US stock markets fell. Market participants continued to fear inflation.

17 October 2022
Fed’s Bullard: dollar may weaken soon

The Fed's rapid interest rate hike has helped strengthen the dollar against other currencies, but that positive effect could wane once the U.S. central bank pauses rate hikes, said James Bullard, president of the St. Louis Fed.

17 October 2022
Bank of Japan official: Yen swings too fast and one-sided

Deputy head of the Bank of Japan Masazumi Wakatabe gave an opinion that the recent swings of the national currency were one-sided and quite fast.

17 October 2022