Globally critical chip firm ASML jumps 6% after earnings; sees limited impact from U.S. China curbs
ASML reported third-quarter earnings that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor companies.
UK inflation moves back up to 40-year high as Brits battle cost-of-living crisis
The inflation data will also impact the Bank of England’s approach for the near term, just as the Bank plans to sell off some of its government bonds, known as gilts, from Nov 1.
Hong Kong exchange’s third-quarter profits down 30% on lower trading volume
Hong Kong’s bourse operator on Wednesday reported a 30% drop in third quarter profits following rising rates, inflationary pressure and geopolitical tensions.
Hong Kong announces plans to ‘trawl the world for talents’
In his first policy address since he took office, Hong Kong leader John Lee said the government would set aside billions to attract businesses to the city.
October is a historically strong month for bitcoin, but price action this month has been oddly lackluster
Known in crypto trading circles as “Uptober,” October has historically churned out some big gains for bitcoin. Crypto has been in a lull this month, however.
Kakao co-CEO resigns after mass outage locked 53 million users out
One of Kakao’s top executives will step down after a fire at a data center led to a mass outage over the weekend and disrupted services for 53 million users.
Elon Musk’s SpaceX could spin off Starlink as public company by 2025, analysts predict
“We think it makes perfect sense,” Ben Wood, chief of research at CCS Insight, told CNBC in an interview. “Starlink is going to need to invest heavily.”
Apple iPhone maker Foxconn says it wants to make cars for Tesla as it ramps up EV push
Foxconn launched two electric vehicle prototypes — the Model V pickup truck and Model B sports crossover hatchback.
BofA says ‘higher-for-longer’ oil will boost stocks beyond energy — here are some of its picks
Bank of America lists the industries set to benefit from higher oil prices, plus the stocks to buy — and avoid.
Goldman Sachs predicts how gold will perform in different economic scenarios
Gold has had a choppy year — but Goldman Sachs says its upside looks significantly greater than its downside.
