European markets open higher after UK fiscal U-turns
European markets open higher after UK fiscal U-turns
Warren Buffett-backed BYD pops more than 5% after Chinese EV maker forecasts surging profits
BYD, which is backed by Warren Buffett, said sales volumes of its new energy vehicles, which include electric cars, “continued to reach record highs.”
While global central banks take on jumbo hikes, Australia took a smaller step
The central bank’s board members said they “recognized the benefits of a smaller increase,” according to minutes released from its Oct. 4 meeting.
4-day work week firms are seeing a surge in job applications
Job applications have skyrocketed at companies taking part in the four-day work week trial, though not all candidates are a good fit.
Xi warned about Taiwan interference — but don’t expect an imminent invasion, analysts say
China will continue to work toward becoming more self-reliant, but don’t expect President Xi Jinping to move quickly on Taiwan by force, analysts said.
U.S. could sell oil from emergency reserve this week: Reuters, citing sources
The sale would market the remaining 14 million barrels from Biden’s previously announced, and largest ever, release from the reserve of 180 million barrels that started in May.
Microsoft confirms job cuts after calling for growth to slow
Microsoft carried out another round of layoffs on Monday after saying Windows growth would be slower, in part because of continuing weakness in PC sales.
Japan will respond appropriately to excessive FX moves, finance minister says
Japanese Finance Minister Shunichi Suzuki said on Tuesday authorities would respond appropriately to excessive currency moves driven by speculators.
Goldman says these resilient software stocks are buys even in an economic ‘hard landing’
Software stocks have taken a beating this year, but Goldman Sachs thinks there are some names in the space that can withstand a sharp economic downturn.
Asia could be a bright spot amid global downturn next year, economists say
Asia, and in particular Southeast Asia, could stand out as an economic outlier as the global economy descends into a possible recession next year, economists say.
