Other news

JPMorgan Chase & Co. reports an intention to increase the workforce working in Saudi Arabia by 20 people. The staff will be expanded before this year ends.

American Express CEO Stephen Squeri made some remarks Friday after the company posted Q3 results.

The Bank of England is launching a bond sale program next month.

Verizon has no plans to cut investment in network infrastructure, even though a recession is approaching. According to Verizon CEO Hans Vestberg this is the company's peak year for network investments.

Wall Street is in for a hectic final week in October, as some of the biggest companies report their financial results and the government releases its quarterly assessment of the U.S. economy.

On Friday, Japan conducted yet another currency intervention in order to buy the yen after its fall to a 32-year minimum at the level of 152 per dollar. It has been the second purchase of the yen by the government this month.

Tesla’s Model 3 и Model Y cars are expected to see a price cut, bringing the starting price of vehicles down by 9%. The company came up with the decision after Tesla CEO Ilon Musk said last week that "a kind of recession" in China and Europe had led to a decline in the demand for electric cars.

On Friday, October 21, Exxon Mobil Corp shares reached a new high. The reason is the oil price surge. As a consequence, analysts raised their forecasts on the long-run earnings of the largest U.S. oil corporation.

Information about the possible debates between US Fed representatives concerning the increased rates provoked the weakening of the currency.

Analysts say Pfizer's plan to increase the price of a COVID-19 vaccine is now four times beyond Wall Street expectations.