Other news

As reported by Bloomberg, oil flopped amid the release of an industry report that revealed an increase in crude oil stockpiles in the US. Investors were concerned about a decline in demand for oil amid slowing growth.

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.

The European Commission said Tuesday that U.S. tobacco company Philip Morris has obtained permission from the European Union's antitrust agency to buy Swedish Match for $16 billion. The acquisition comes despite the giant's earlier statements on selling its logistics business.

Google has stated that it has a long history of protecting the privacy of its users, including pushing back against overbroad government demands for user data.

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.

According to Reuters, Elon Musk plans to close the deal of acquiring Twitter Inc by Friday, as he informed his co-investors, who provide funding of this purchase. The social network’s acquisition will cost Musk $44 billion.

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.

Google Alphabet Inc. and Israel's Reichman University have opened a school for high-tech professionals, offering sales courses in computer programming and data analysis among other subjects, the university said.

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

There is a possibility of the Eurozone falling into recession due to the fastest drop in business activity in almost two years.