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Japanese authorities conducted the second intervention in a month
On Friday, Japan conducted yet another currency intervention in order to buy the yen after its fall to a 32-year minimum at the level of 152 per dollar. It has been the second purchase of the yen by the government this month.
24 October 2022
Tesla cuts prices for Model 3 and Model Y cars in China
Tesla’s Model 3 и Model Y cars are expected to see a price cut, bringing the starting price of vehicles down by 9%. The company came up with the decision after Tesla CEO Ilon Musk said last week that "a kind of recession" in China and Europe had led to a decline in the demand for electric cars.
24 October 2022
Exxon shares hit an all-time high
On Friday, October 21, Exxon Mobil Corp shares reached a new high. The reason is the oil price surge. As a consequence, analysts raised their forecasts on the long-run earnings of the largest U.S. oil corporation.
24 October 2022
Gold grows because of weakening US dollar
Information about the possible debates between US Fed representatives concerning the increased rates provoked the weakening of the currency.
24 October 2022
Pfizer's revenue will rise due to higher prices for COVID vaccines
Analysts say Pfizer's plan to increase the price of a COVID-19 vaccine is now four times beyond Wall Street expectations.
24 October 2022
Oil prices are rising due to the growing supply shortage
In view of the upcoming EU sanctions on Russian oil, a reduction in supplies around the world is expected. This factor supports oil prices, as a result of which its growth is observed.
24 October 2022
Verizon profit declines due to loss of subscribers
Verizon Communications Inc, the major U.S. wireless operator, expectations for the number of customers in the third quarter fell short as increasing the prices of plans forced many users to replace Verizon with a more affordable wireless operator.
24 October 2022
UBS expands its partnership with Microsoft
UBS Group AG and Microsoft Corp have decided to expand their partnership in order to increase UBS' presence in the public cloud space over the next five years. Also, UBS plans to transfer more than 50% of its applications, including the key ones, to the Microsoft Azure cloud platform.
21 October 2022
Pound to keep falling whatever the result of UK leadership race
Regardless of who wins the race to replace Liz Truss as British Prime Minister, one thing is clear: the pound will keep on falling.
21 October 2022
ECB will raise rates to higher levels despite the threat of recession
A recent survey of economists has showed that, according to their opinion, the European Central Bank (ECB) may start to act more decisively than it was expected in order to take a record-high inflation under control.
21 October 2022
