Other news

Restrictions imposed in China due to the COVID-19 pandemic have hurt businesses so badly that it caused service sector activity to drop in October.

According to CNBC, mortgage origination volume has dropped again in recent weeks. As a consequence, there are fears that the bank will have to lay off more workers.

Pfizer Inc said Tuesday that its pilot respiratory syncytial virus (RSV) vaccine has shown effectiveness in preventing severe infections in infants.

Analysts at Tigress Financial maintained a "Buy" recommendation, but lowered their target price on Amazon stock from $232 to $192 to reflect a revised valuation and growth rate adjustment.

According to Mastercard CEO Michael Miebach, cryptocurrencies still have a long way to go before becoming mainstream.

The Bank of England plans to raise interest rates by three-quarters to 3% on Thursday, the biggest increase since 1989, as the country struggles with the highest inflation in 40 years.

The U.S. dollar is strengthening due to the Fed's hawkish policy choice. Nevertheless, oil prices remain stagnant due to general supply concerns.

Qualcomm Inc. will continue to provide Apple with modem chips for the majority of the iPhones in 2023. The company expected Apple Inc. to stop using their technology and switch to their own proprietary 5G modem.

On Wednesday, the Chinese government locked down the world's largest iPhone enterprise. The zone surrounding the enterprise was declared closed because of a local coronavirus outbreak.

The U.S. dollar fell slightly on Thursday as investors adjusted to the Federal Reserve’s possible decision to continue raising interest rates further on. On Wednesday, the U.S. central bank raised its benchmark funds rate again by 75 basis points.