Other news

As the Fed officials are concerned about the high growth rate of core inflation, given the rate of interest rate hike, the rate is expected to rise to 4.5-4.75% by the spring. That's according to the Federal Reserve Bank of Chicago CEO Charles Evans.

Digital asset management firm Xalts based in Hong Kong has received the first investment from venture capitalist group Citigroup Inc.

McDonald's customers are now allowed to pay for purchases with Bitcoin in the Swiss town of Lugano. The town, whose population hits 63,000 people, will be a kind of cryptocurrency hub in Western Europe.

On Thursday, face recognition became available once again on Google's Pixel phones, despite issues with rising costs and falling device performance. This was announced by the Alphabet’s former employees.

The number of vacancies will probably decrease in September as the US economy has experienced a massive increase in interest rates.

Tal Cohen, executive vice president at Nasdaq, said that the U.S. stock exchange does not plan to launch a cryptocurrency exchange anytime soon. Legal regulation of the issue by policymakers needs to be determined first.

On Thursday, the Bank of Canada clearly outlined its position on interest rates by expressing no intention to slow down the pace of rate hiking. As it was stated by the bank’s Governor Tiff Macklem, there is currently no indication that underlying inflation is weakening.

International Business Machines Corporation announced plans to invest $20 billion in the Hudson Valley over the next decade.

On Friday, the Labor Department will release its employment report for September.

After the Caterpillar Dealer Finance Conference in Las Vegas, JPMorgan analysts announced to investors that Caterpillar’s end-consumer demand remains quite positive. The analysts also gave optimistic commentary to investors.