Other news

On Wednesday, Lori Beer, chief information officer of financial holding JPMorgan Chase & Co, said the company plans to hire about 2,000 engineers from various countries by the end of the year, despite the current economic situation.

The LiveWire electric motorcycle unit of Harley-Davidson Inc. debuted on the stock exchange was unsuccessful.

The Federal Reserve's (Fed) objective is now to curb price hikes in the U.S. However, other countries are under pressure caused by the Fed's actions, as their central banks are also forced to raise their own rates at a rapid pace.

After two consecutive months of decline, China's manufacturing activity rose in September. This was made possible by a set of stimulus and easing measures under COVID.

The Federal Aviation Administration (FAA) informed Boeing that the work required to certify the 737 MAX 7 has not yet been completed. Boeing has a December deadline to win approval for planes.

The confirmation of the amount of money, which was spent by the Japanese government on the foreign exchange market intervention last week, is expected to take place this Friday. The mentioned intervening was aimed at supporting the yen. The confirmation is likely to draw attention to the difficulties the country might face in case of frequent interventions in attempts to stop rapid falling of the currency.

The market witnessed the S&P 500 index fall on Thursday. Its respite the day before was short-lived. The reason was an Apple shares drop, caused by concerns about falling consumer demand that led to a sell-off.

On Friday, Japanese Prime Minister Fumio Kishida instructed the government to prepare an economic stimulus package by the end of October to help minimise the impact of inflation, as economists warn against excessive spending.

One of the Bank of America’s analysts has downgraded the Apple stock from “Buy” to “Neutral”. The analyst explains his decision by the fact that the company’s great performance is at risk again. Also, he outlines that the Apple’s “significant growth since the beginning of the year” is caused by its so-called “safe haven” status as a reliable option for investment.

Walt Disney Co will reopen their theme park and Disney Springs entertainment complex in Florida.