Other news

The yen has almost reached its August 1998 minimum. This has encouraged the Japanese authorities to intervene by buying the yen.

Policymakers reaffirmed their firm commitment to bringing inflation back to the Fed's 2% target, with many officials stressing the need to stay the course even as the labor market slows.

In anticipation of the release of data on inflation in the United States, which are under scrutiny, the US currency continues to demonstrate growth. As expected, the data may show that annual CPI inflation stayed above 8% in September, being near the 40-year high that was reached earlier this year.

The UK is likely to fall into recession, as the economy has unexpectedly slowed down in August. For Prime Minister Liz Truss, this fact only makes it more difficult to fulfill the promises she made about accelerating growth.

On Wednesday, OPEC lowered its world oil demand growth outlook in 2022. It is the fourth cut in forecast this year since April. OPEC also trimmed its figure for the next year, citing slowing global growth, resurgence of COVID-19 restrictions in China, and high inflation rate.

Bloomberg reports that Amazon shoppers are more likely to order home goods and inexpensive gifts after the first day of the sale than laptops, TVs and other high-priced items.

On Wednesday, Exxon Mobil Corp, a new player in the low energy field, concluded the first contract on carbon storage.

Netflix is one step closer to building a production studio on a plot of land about 50 miles south of New York City that formerly housed the Army base, people familiar with the matter said.

Customers at Starbucks can now get more than bonus "stars" for their purchases.

Merck & Co. announced that it will take the opportunity to maintain their partnership with Covid-19 vaccine maker Moderna Inc.