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19 March
Exxon earnings rise

Exxon Mobil Corp reported strong operating profits in the third quarter after a record high the previous quarter. The profit growth was driven by natural gas revenues that were able to offset lower profits in other refining and chemicals businesses.

5 October 2022
JPMorgan analysts bet on Amazon and Uber

JPMorgan analysts reiterated the Best Idea designation on Amazon. They expect revenue growth to accelerate, margin to grow and capital expenditures of the company to decline in the long term.

5 October 2022
Ford EV sales tripled in September with F-150 Lightning leading the segment

Ford's purchases continue to hike, outperforming the industry with a 197% increase. Thus, the manufacturer's rate in the electric vehicle segment rose another 3.1% over a year ago, while market share totalled 7.0%.

5 October 2022
Wall Street grows in hopes of the Fed’s policy easing

Softer U.S. economic data, as well as less significant than expected increase of interest rates in Australia, stimulated a rapid growth of the S&P 500 index and gave hope for less aggressive monetary police tightening by the U.S. Federal Reserve (Fed).

5 October 2022
Elon Musk is ready to buy Twitter

American entrepreneur Elon Musk has expressed his willingness to continue negotiations on his offer to buy Twitter Inc for $44 billion, thus taking the company private.

5 October 2022
U.S. gas at $4 to $5 no longer exists

Sharif Souki, chairman of Tellurian Inc, said yesterday at the Energy Intelligence Forum in London that U.S. gas can no longer be bought for the previous low prices. He also concluded that the best way out of the energy crisis for EU countries would be to invest in the U.S. natural gas industry.

5 October 2022
Philip Morris awaits for EU approval of deal with Swedish Match

The Philip Morris International company has filed a bid to purchase Scandinavian tobacco products manufacturer Swedish Match. The deal, valued as $16 billion, is expected to be approved by the EU antitrust authorities by the end of October.

5 October 2022
Amazon suspends new hiring

Amazon suspends retail hiring until the end of 2022.

5 October 2022
S&P 500 grows due to hopes of slowdown in pace of Fed rate hikes

Last Monday, significant increasing of S&P 500 was registered, which was connected to a possible prospect of the Fed slowing down its pace of interest rate hikes. Such hopes were driven by noted signs of economic growth getting slower.

4 October 2022
UK PMI demonstrates falling production and weak demand

September has been the third consecutive month of rapid decline in UK manufacturing output. As a result of falling foreign demand, the amount of orders also fell significantly.

4 October 2022