In the headlines Oct 31: TSLA, GLEN, AAPL

By Kirsteen Mackay

Oct 31, 2022

Tesla (NASDAQ: TSLA), Glencore (LON: GLEN), Apple (NASDAQ: AAPL), job markets, company earnings and inflation, are in the headlines this morning.

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TSLA, GLEN

Job Market Strength

Job markets are defying central bankers’ efforts to bring down inflation. Bloomberg

Earnings Shortfall

Strategists say earnings shortfalls suggest Fed rate hikes are working. Bloomberg

Strong dollar has so far wiped $10B off US Q3 earnings. Financial Times

Tesla Glencore Talks

Tesla (NASDAQ: TSLA) held preliminary talks with Glencore (LON: GLEN) about acquiring a 10-20% stake. Preliminary discussions began last year and continued in March, but no agreement as Tesla is concerned that Glencore's extensive coal mining operation conflicts with Tesla's environmental goals. Financial Times

China's Zero Covid Policy Risk to Apple

Covid outbreak driving workers from the Foxconn plant, which is the world's largest Apple (NASDAQ: AAPL) iPhone factory. Financial Times

When to slow rate hikes?

Key issue as Fed meets this week: When to slow rate hikes?

The Federal Reserve may reach a turning point this week as it announces what’s expected to be another substantial three-quarter-point hike in its key interest rate.

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This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.