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Chevron announced record quarterly earnings at the end of July. These results were made possible by strong fuel margins and high natural gas and oil prices. The company also increased its share buyback plan.

Earlier this week, Apple and Amazon have been in the spotlight of market players. The companies’ combined market value increased by $175 billion as of July 29. These results indicate the ability of two technological giants to overcome an economic downturn.

A survey on Monday showed that New Zealand's inflation rate will slow in the third quarter of 2022.

After the recent disclosure of data by The Office for National Statistics, it became clear that British GDP had declined by 0.6% in June. This fact, combined with other evidence of economic shrinking, such as the growing inflation and the decline of consumption sector of the economy, resulted in the fall of the pound sterling against the US dollar and EU euro, while the dollar is getting stronger.

U.S. import prices fell in July for the first time in seven months, thanks to a stronger dollar and lower fuel and non-fuel costs. At the same time, the annual consumer inflation forecast weakened in August, the latest sign that price pressures may have peaked.

Tesla Inc. is lobbying to set up its own electric car facility in Canada as part of a "high-tech manufacturing" program. The corporation’s Canadian unit is engaged with the government to further develop the country's industrial base, as the updated filing from July 18 claimed.

After four days of declines, including a drop of more than 1 percent on Wednesday, the dollar rose against its major peers on Friday, but it is still on track for a decline of about 0.84 for the week.

The release of lower-than-expected inflation data in the U.S. sent Bitcoin up to $25,000 for the first time since mid-June. The second most frequent cryptocurrency, Ethereum has also been influenced by this event.