While Apple gave Wall Street a reason to cheer, the other Big Tech companies showed how challenging the economic environment has become for their businesses.
After Musk indicated his takeover of Twitter was complete, the EU’s Thierry Breton tweeted: “In Europe, the bird will fly by our rules.”
The ECB announced another 75-basis-point rate hike — its third consecutive increase this year — while also scaling back support for European banks.
The leaders of Germany and France are meeting Wednesday in Paris, but this encounter almost got cancelled as tensions between both sides grow.
The U.K.’s third prime minister of the year faces a packed in-tray including a looming recession and the European energy crisis.
Rishi Sunak will be named the U.K.’s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation.
In remarks Sunday, Xi emphasized the Party’s leadership in “a new journey to turn China into a modern socialist country,” according to an official translation.
But the new list for China’s central committee left off several officials with more market-leaning tendencies.
“Overseas investors are likely to see this political volatility as another reason to get out of U.K. assets,” one strategist told CNBC.
U.K. Prime Minister Liz Truss resigned following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party.