Other news

Australia reported a significant improvement in fiscal year 2022 budget results. Rising commodity prices have brought windfall gains to government coffers while the deficit was A$32 billion ($21 billion), i.e. 1.4% of GDP.

Intel Corporation, aiming to restore its position in the microcircuit industry, presented new processors for personal computers.

16 financial companies, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS, were fined Tuesday by U.S. regulators. The firms have to pay a total of $1.8 billion in fines after it turned out that employees discussed company business on personal mobile phones.

The strong U.S. dollar has been “devastating” to other countries of the world, and this might affect the country’s competitiveness and economic activities later, which can cause the Fed to stray from its restrictive monetary policy course. This point of view was voiced by Cathie Wood, Chief executive officer and founder of Ark Investment Management.

LiveWire Group, acting as the electric motorcycle unit separated by Harley-Davidson Inc., attracted less funds than expected and was valued below forecasts as a result of a weak trading debut.

August marked the eighth consecutive month of rising retail sales in Australia, indicating that the country's households are coping well with rapidly raising interest rates to fight rising inflation.

Ford Motor Company has shared the information on a new variety of its Super Duty pick-up truck, shedding light on how the American car manufacturer is going to deal with one of the most prominent problems Detroit is now facing.

China's monetary authorities are appealing to local banks to restore the yuan fixing tool they abandoned two years ago as they seek to manage and protect the rapidly weakening currency.

NVIDIA announced the creation of a new model of artificial intelligence.

Stocks have been under pressure since the end of August, when aggressive U.S. Federal Reserve policy showed that the central bank would not stop even the potential risk of a recession in an effort to meet its priority of lowering inflation