Other news

Representatives of Altria Group Inc announced that Philip Morris International Inc (PM) has agreed to buy Altria’s exclusive rights to sell IQOS heated tobacco products on the U.S. territory at a deal price of $2.7 billion.

AT&T Inc is in talks to form a joint venture that will invest billions of dollars to expand its fiber network, Bloomberg News reported.

Amazon.com Inc. has expanded its scope of activities. The company will now also offer U.K. consumers home and property insurance from third-party providers.

Quantitative strategists from Citigroup Inc. suggest that U.S. equities are priced with higher recession risks being taken into consideration, i.e. with higher risks than any other type of assets. Due to this fact, U.S. equities might be prepared for more losses.

This week, about 60 companies included in S&P 500 index are going to present their earning reports. Three of these companies’ reports – Tesla, Procter & Gamble, and International Business Machines (IBM) – may have a great impact on the market, starting today.

Major design software maker Adobe Inc. reaffirmed its forecast for the current quarter, even though expected revenue for 2023 came in below analysts' estimates.

The gold price has slightly increased thanks to less pressure from the dollar. However, the Fed's tight interest rate policy has prevented it from rising further.

Bitcoin and Ethereum dropped sharply Wednesday, October 19, during morning trading on the Asian market. The reason is the European Union (EU) to consider a bill that says the mining process of energy-intensive cryptocurrencies, including Bitcoin, may be restricted.

Amazon Prime Video will air the first ever National Football League (NFL) Black Friday game next year.

Cyclyx International, ExxonMobil and LyondellBasell signed an agreement to build a unique plastic waste sorting and recycling plant in Houston.