Other news

According to Reuters agency, the fall in oil prices was fueled by concerns that new coronavirus-related restrictions in China would reduce demand to offset production cuts at the largest US shale oil field.

The US economy expanded last quarter, recovering from a contraction in the first half of the year.

The U.S. Federal Reserve is expected to cut the pace of interest rate increases as early as the end of the year. On Thursday, it was reported that the economic slowdown has already taken place. According to the reports, it was provoked by the Fed's actions.

An analyst at the Uber company, which provides taxi services, released the first findings on the company’s partnership with Hertz Global Holdings Inc last week. It has already been a year since the beginning of the companies' cooperation on Tesla’s electric vehicles supply.

On Thursday, the management of Altria Group Inc announced the start of cooperation with Japan Tobacco to increase the output of smoke-free products.

On Thursday, Apple Inc announced revenue and profit that exceeded expectations of Wall Street, thereby becoming one of the few positive news in the IT sector, which has been hit by inflation-driven spending cuts, according to Reuters.

The European Commission’s antitrust enforcers are investigating Google Play Store developed by Google (Alphabet unit), as stated in a regulatory filing.

Amazon.com Inc. shares fell Thursday, Oct. 27, as the company forecasts lower profits for the current quarter of 2022. Reuters reports that early holiday marketing often fails to boost sales, while labor and shipping costs are rising.

According to Reuters, Amazon.com Inc. is forecasting slower sales growth over the holiday season, falling short of Wall Street's expectations and a warning that consumers and businesses worried about rising inflation are spending less money.

Intel downgrades its 2022 forecast for the second time. In the first quarter, one share brought in $0.59 in profit.