ADVFN US – Market Content Editor
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OCBC cuts oil price forecasts as Strait of Hormuz shipments recover (OCBC)
OCBC Group Research has lowered its quarterly Brent crude price forecasts through the second quarter of 2027, citing improving shipping activity through the Strait of Hormuz and renewed expectations of abundant global oil supplies. The revised outlook reflects the bank’s view that easing supply disruptions have shifted market attention back towards the risk of oversupply.…
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Tesla beats delivery forecasts with 480,126 vehicles delivered in second quarter (TSLA)
Deliveries outperform market expectations Tesla (NASDAQ:TSLA) reported second-quarter 2026 vehicle deliveries of 480,126 units, comfortably exceeding analyst expectations of 406,024 vehicles. The electric vehicle maker also produced 451,758 vehicles during the quarter, according to a company statement. Model 3 and Model Y continue to dominate sales The vast majority of Tesla’s deliveries came from its…
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Lucid reports second-quarter production and unveils senior leadership overhaul (LCID)
EV maker publishes Q2 production and delivery figures Lucid Group (NASDAQ:LCID) produced 4,774 vehicles and delivered 3,953 vehicles during the second quarter ended 30 June 2026, according to a company announcement. Alongside its quarterly production update, the electric vehicle manufacturer revealed a broad management restructuring led by Chief Executive Officer Silvio Napoli, designed to simplify…
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U.S. nonfarm payrolls miss forecasts as hiring slows sharply
Job growth weakens more than expected The latest U.S. nonfarm payrolls report showed hiring slowed significantly, raising fresh questions about the strength of the labour market and the broader economy. Nonfarm payrolls increased by 57,000 in the latest month, well below the market expectation of 114,000 new jobs. The reading also marked a sharp decline…
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U.S. jobless claims fall below forecasts, signalling continued labour market strength
Weekly unemployment claims edge lower New applications for U.S. unemployment benefits declined slightly in the latest reporting week, pointing to continued resilience in the labour market despite ongoing economic uncertainty. Initial jobless claims totaled 215,000, coming in below the market expectation of 219,000 and down marginally from the previous week’s reading of 216,000. Labour market…
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Tesla China-made EV sales rise for eighth consecutive month in June (TSLA)
Shanghai production continues to gather momentum Tesla (NASDAQ:TSLA) recorded its eighth straight month of year-over-year sales growth for China-built electric vehicles in June, supported by improving demand in European export markets. According to figures released on Thursday by the China Passenger Car Association, deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai…
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Coty streamlines leadership team as three senior executives prepare to exit (COTY)
Company reshapes management structure Coty Inc. (NYSE:COTY) has announced a series of leadership changes aimed at simplifying its organisational structure and accelerating execution of its Coty.Curated strategy. As part of the reorganisation, Executive Chairman and interim Chief Executive Officer Markus Strobel will assume direct oversight of the Prestige commercial business, with regional leadership teams reporting…
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Cannabix Expands Breath Testing Potential with Breakthrough Detection of Methamphetamine and Amphetamine
Cannabix Technologies (CSE:BLO)(USOTC:BLOZF)(Frankfurt: 8CT)has announced a potentially transformative advancement in the field of breath-based drug testing, successfully detecting methamphetamine and amphetamine compounds in human breath samples using its proprietary Marijuana Breath Test (MBT) platform. The achievement highlights the growing versatility of the company’s technology and opens the door to significant new market opportunities beyond cannabis detection.…
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Rivian raises 2026 delivery forecast after stronger second-quarter performance (RIVN)
Deliveries exceed quarterly guidance Shares of Rivian Automotive (NASDAQ:RIVN) climbed 5% on Thursday after the electric vehicle manufacturer reported second-quarter production and delivery figures that surpassed its own expectations and prompted an increase to its full-year delivery outlook. During the quarter ended 30 June, Rivian produced 12,613 vehicles at its manufacturing facility in Normal, Illinois,…
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Gold edges higher as investors await U.S. jobs report
Bullion gains ahead of key labour market data Spot gold prices moved higher on Thursday as investors positioned themselves ahead of the release of the closely watched U.S. nonfarm payrolls report, which could influence the Federal Reserve’s next monetary policy decisions. By 10:37 GMT, spot gold had climbed 0.8% to $4,065.05 per ounce, while gold…