Other news

As it was said in a statement made on Thursday by Caterpillar, the board of directors decided to abandon its policy that forces Jim Umpleby, the company’s current CEO and Chairman, to leave his post and resign upon reaching the age of 65.

Amazon Web Services (AWS) and the BMW Group have declared a strategic partnership to develop customized cloud-based software, which can make the distribution and data management of millions of connected vehicles easier.

The midpoint of Singapore’s currency’s policy band has been adjusted to the prevailing level. The Monetary Authority of Singapore (MAS), whose main regulatory tool is the exchange rate, has performed this action as a result of the previous quarter’s report on the economic growth, which turned out to be better than it was initially suggested. The report also signaled that demand might be damped by raised prices and tightening of the financial environment.

On Thursday the governor of the Bank of Japan Haruhiko Kuroda made a statement.

With inflation still elevated and a recession coming, the U.S. interest rate could probably reach not only 4.5%, but become even higher. Such a measure is necessary in order to cope with inflation. JPMorgan Chase & Co CEO Jamie Dimon announced this at a meeting of the International Institute of Finance on Thursday.

General Electric Healthcare's subsidiary is expected to launch in the first half of January 2023, as company officials said.

In November, Netflix will introduce a subscription plan with advertising. The plan will cost about $7 a month. The streaming service will debut an ad-supported tier to attract new subscribers. Earlier, in the first half of the year, the company lost a lot of subscribers.

Morgan Stanley analysts have established a neutral rating on Netflix shares and determined the fair value per share at $230.

Recovery of the British pound started after the management of the Bank of England expressed its intention to extend the bond-buying program if necessary.

In anticipation of the earnings report to be released in 2 weeks, Credit Suisse analysts reaffirmed their Outperform rating on Apple stock and raised their fourth-quarter revenue forecasts by 1%, as well as their earnings per share forecasts by $0.04, which was higher than projected.