Other news

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.

McDonald's earnings results for the third quarter of the year were released on Thursday and exceeded analysts’ expectations due to the company’s marketing strategy and higher prices on the menu.

The Bank of Japan remains confident that the country's inflation rate will fall below 2% next year. In this regard, the bank has kept interest rates extremely low compared to other countries, arguing for the decision with new government measures aimed at fighting inflation.

Shares of Honeywell International Inc. rose more than 3% after the company raised its profit forecast for the full year and stressed that it has "confidence" in the demand for its products, despite difficult economic conditions.

Due to record U.S. crude oil exports, as well as state refineries operating at higher levels for this time of year, oil prices are rising, Reuters reported.

On Thursday, an American chipmaker Intel Corp announced the cut of the company’s profit and revenue forecasts for a full financial year, and also the staff reductions. At the same time, the company’s personal computers segment demonstrated higher-than-expected results.