Amazon shares jump as analysts praise third-quarter results
CEO Andy Jassy has been in cost-cutting mode to address high levels of inflation and rising interest rates over the past year.
European stocks close lower as investors assess global data, earnings; Sanofi falls 19%
European stocks closed lower on Friday, with earnings and the state of the global economy keeping sentiment on edge.
Taylor Swift has reportedly entered her billionaire era with success of Eras Tour
The 33-year-old is now worth $1.1 billion, according to Bloomberg News.
Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings
Intel stock jumped Friday morning after the company beat third-quarter estimates for profit and sales.
Russia hikes key rate to 15% in bigger-than-expected rise
“Current inflationary pressures have significantly increased to a level above the Bank of Russia’s expectations,” the bank said in a statement.
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is creating a “tremendously dangerous” outlook for global equities, according to Livermore Partners’ CIO.
Volvo Cars CEO strikes cautious tone on solid-state battery technology
The CEO of Volvo Cars is bullish about the long-term potential of electric motors, but appears more cautious on solid-state battery technology.
NatWest admits ‘serious failings’ in Nigel Farage incident; shares slide after earnings
A review into the closure of Brexit figurehead Nigel Farage’s account found “potential regulatory breaches and a number of areas for improvement.”
Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts
It’s holding on to its ultimatum that foreign firms need to base their regional headquarters in the kingdom or be barred from lucrative government contracts.
Huawei’s revenue barely rose in the third quarter, despite phone and car sales growth
Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.
