Other news

General Electric Co is likely to report lower earnings and unchanged revenue in the third quarter because of bottlenecks in the supply chain, drop in demand and shrinking margins.

AT&T shares rose after the company raised its annual profit forecast. AT&T reported third-quarter profit of $0.68 per share on revenue of $30 billion, topping estimates of $0.61 per share and $29.87 billion in sales.

Amazon is expected to release its third-quarter earnings report next week. Prior to data publishing, analysts at Credit Suisse, acting as financial conglomerate, downgraded the company's stock price target from $170 to $159.

Shares of Tesla Inc have fallen after CEO Elon Musk said it's becoming a little harder for the electric carmaker to attract customers at a time of economic downturn around the world.

Amid the weakening of optimistic sentiment regarding the likely increase in energy demand in China, and as the market weighed in on fears of a skyrocketing inflation, oil prices were fixed.

The UBS survey shows that the majority of people still prefer Nike to other athletic wear brands. UBS considers Nike clothing to be the most suitable for sports activities. Thus, the brand, despite its many years of existence, continues to gain popularity and increase influence around the world.

The Alphabet company activated the first local cloud region for Israel, thereby making this service accessible to the country’s government and military structures. It’s expected that implementation of the technology will contribute to Israel’s economic growth and increase in jobs.

Pfizer Inc. expects to roughly quadruple the price of its COVID-19 vaccine, according to Pfizer CEO Angela Lukin.

Ahead of Apple’s earnings report for the fourth quarter, Morgan Stanley analysts confirmed the “overweight” rating on the company’s stock and a target price of $177 per share. It’s expected that the technological giant will exceed Wall Street analysts expectations for the previous quarter.

Employment rates in Australia have almost stopped, while the unemployment rate has remained unchanged. This would suggest that the Reserve Bank would remain on the sidelines of global policy tightening.