Uber stock pops 11% on revenue beat, strong guidance
Uber reported a third-quarter loss but beat analysts’ estimates for revenue.
Apple iPhone maker Foxconn slams ‘maliciously edited’ video that claims Covid deaths at China plant
Foxconn said on Tuesday that there have been no deaths at its Zhengzhou, China factory, the biggest Apple iPhone production facility in the world.
European stocks climb as global markets focus on the Fed; Ocado shares up 32%
European markets have a positive start to the trading session on Tuesday with global investors focusing on the U.S. Federal Reserve’s policy meeting.
BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings
The world’s largest oil and gas majors have reported bumper earnings in recent months, leading to renewed calls for higher taxes on oil company profits.
Britain’s new PM is a fan of crypto. There are hopes he’ll give the industry a boost
As finance minister, Rishi Sunak was a vocal advocate of crypto and blockchain technology. Now he’s prime minister.
Oil CEOs warn this winter’s energy crisis will be nothing compared to the next
“It’s the next winter I think many of us worry, in Europe, could be even more challenging,” BP CEO Bernard Looney told CNBC.
China’s economy could rebound soon, but longer-term growth will be ‘deeply challenging’
Decoupling, a weak global economy and an expected reopening following years of strict Covid measures are factors affecting the outlook for China.
Hong Kong Monetary Authority chief defends currency peg, says it brings stability
Hong Kong Monetary Authority’s CEO has defended Hong Kong’s currency peg, saying it helped see the city through some of its toughest economic challenges.
What investors should buy in this ‘short lived’ rally, according to one analyst
Michael Landsberg says the bounce is temporary, and reveals where to put your money — and what to short.
Hong Kong’s currency peg has been great for the city in times of uncertainty, HKMA says
Hong Kong Monetary Authority’s chief executive Eddie Yu has defended Hong Kong’s currency peg to the U.S. dollar, saying it helped the city through some of its toughest economic challenges previously.
