Other news

Last week, Moderna filed a claim for patent infringement against Pfizer and BioNTech. The companies copied messenger RNA technology developed and researched by Moderna, officials said. As a result, Moderna filed a lawsuit, and its amount has not yet been reported.

According to Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, a plunge in stock market shows that market participants understand the commitment of the Fed and Jerome Powell to curb the inflation.

On Monday, Tesla Chief Executive Elon Musk announced the company's plans for 2022. The development of autonomous driving technology for electric cars was the highlight of his speech. Musk aims to have its self-driving technology available in the U.S. and Europe after regulatory approval.

The Walmart corporation, owner of the world’s largest chain of stores, has already possessed a controlling stake in Massmart, and the company eventually plans to purchase the rest of its shares for 62 rand ($3.65) per a share, which is more than the closing price by 50%, with a subsequent removing of the company from the Johannesburg exchange.

Microsoft has announced changes to its cloud service license terms, following numerous complaints from European providers. Competent authorities have become interested in Microsoft activities as the corporation was reported to violate antitrust laws, having the drop on rivals.

Bank of Japan Governor Haruhiko Kuroda emphasized that one of the main causes of inflation in the country is the rise in commodity prices. According to him, the central bank should continue to stick to ultra-easy monetary policy.

The Labor Department's August jobs data is due out at 8:30 a.m. ET on Friday. The labor market is expected to remain strong. According to a Bloomberg survey of economists, the nonfarm payrolls may increase by 300,000 in August.

According to the information received from trademark filings, there’s a high probability of Apple to be reserving possible names for its new category of hardware. The company’s expected mixed-reality headgear is planned to be released next year, which will become its first launch of a new product type in seven years.

Australian retail sales peaked in July despite all forecasts. Inflation data, along with statistics on the labor market facilitated the rise, encouraging consumer spending. Although, an increase in borrowing costs has been witnessed.

Federal Reserve Chairman Jerome Powell warned of raising interest rates to curb inflation. This would lead to unfortunate consequences for the U.S. households. In a speech at the Jackson Hole symposium, Powell noted that the path to tame inflation would not be easy, but the central bank "will make every effort to restore consumer prices."