Other news

It is reported that in an attempt to stay afloat amid the recent decline of the personal computer market, Intel intends to lay off numerous employees. Another reason may be the increased costs in recent years. It’s also said that the number of reduced employees could reach several thousand.

In the next few weeks, income statements from companies will be released that will provide insight into the direction of the US economy in the coming months. During the period of chaos in the market, investors have hope for some certainty.

Apple Inc and Samsung Electronics cellphones in India will receive a software update by December.

General Electric Co., which provides comprehensive healthcare solutions, will carry about $15.4 billion in debt and pension liabilities when it spins off the health-care unit in January.

Disney is raising prices for its Genie+ service, which allows visitors to the Walt Disney World Resort in Florida and California to avoid waiting in lines for hours on popular attractions. The cost of the service will now vary depending on park occupancy.

Nasdaq stock index short positions rose to 12.497 billion shares as of September 30. That figure is up from 12.209 billion on September 15, 2022.

Updated expectations of Goldman Sachs on the auto industry have been recently made available to public. The company’s forecasts have been corrected to disclose the current market situation, which is complicated by hurdles in both financial and macroeconomic aspects, while the electric car industry has gained additional policy support, including the loosening of chip restrictions. In general, the Goldman Sachs expectations on the worldwide levels of automobile production and sales for the following three years have been lowered for some degree. At the same time, their projections on the electric car industry have been raised.

The daily limit on the purchase of bonds of the Bank of England increased twice.

The U.S. Department of Labor is putting forward a bill that would prevent firms from treating workers as independent contractors as of Tuesday. The measures are expected to affect sectors, including delivery, ride-hailing and others, where these workers are needed.

According to Bloomberg, the level of computing power required to mine bitcoins has reached the record.