Other news

A slowdown in online sales has caused difficulties for e-commerce giant Amazon.com Inc. The company has suspended hiring for corporate positions in its retail business.

OPEC+ countries decided to cut oil production by 2 million barrels per day, marking the deepest production cut since the start of the pandemic. An agreement reached between OPEC+ members could lead to an increase in gasoline prices ahead of the U.S. election.

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, voiced support of the further interest rate hiking to a range of 4%-4.5% towards the end of the current year to reduce inflation. As it was stated by Bostic, the preferable course of action would be the reaching of moderately restrictive policy within a range of 4%-4.5% before the next year begins, and holding it at the said levels for some time. The further moves would depend on the reaction provided by prices and the economy.

Investors are expected to focus on the U.S. unemployment statistics update scheduled for Friday, October 7.

The chief executive officer of AT&T Inc. John Stankey said that his company far surpasses T-Mobile US Inc. and Elon Musk in the quality of mobile communication services provided in remote areas via satellites.

Management of Apple asked the suppliers to relocate part of the headphone production.

Amazon.com Inc. will invest in outside venture capital funds for the first time.

General Electric Co. is laying off staff at its onshore wind power plant within a plan to restructure and reshape the enterprise that is struggling with weak demand, mounting costs, as well as supply-chain delays.

Google has planned a cloud service in Africa as part of a plan to invest about $1 billion.

Fitch Ratings has lowered the UK's credit outlook to negative from stable.