Other news

According to the Reuters poll, the number of loans made in China in October was down significantly from September's figures.

According to an official statement, a taxi and ride-sharing app Beat leaves Latin America to focus on developing the service in Europe. The company announced this decision in an email to its users.

While car manufacturers and market participants are preparing for a possible decline in the most significant car market of the world, the Tesla company demonstrated its highest pace of adding to electric car inventory in Shanghai last month, as it was shown by brokerage data.

Foxconn, an Apple product supplier, said that it continues to operate in a limited mode. Despite lifting a 7-day quarantine in Zhengzhou, the iPhone manufacturing plant has no plans to ease restrictions anytime soon.

On Wednesday, the cost of bitcoin dropped below 10%. Fears related to the stability of the FTX exchange led to the frantic withdrawal of funds and a deal that should rescue it from a stronger Binance player.

The Federal Reserve Bank of New York President spoke positively about the relative stability of long-term inflation expectations.

On Tuesday, ARK Invest’s CEO and founder Cathie Wood once again voiced her suggestion that deflation is highly likely to occur in the U.S. economy.

Netflix Inc. has applied for rights to broadcast sports leagues. The company is exploring the possibility of investing in sports broadcasting.

Trade group CISPE, which includes Amazon, has filed an antitrust complaint against Microsoft before the European Commission. The group accused the tech giant of having anti-competitive cloud computing practices.

The U.S. Energy Information Administration released the Short-Term Energy Outlook. It states that in 2022 the production and demand for blue flame natural gas in the USA will reach a record level.