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Tesla (NASDAQ:TSLA) recorded a 5% year-on-year increase in sales of China-made electric vehicles in September, accelerating from August’s 3.6% growth as demand in European markets continued to recover. Deliveries of Model 3 and Model Y vehicles manufactured at Tesla’s Shanghai factory reached 95,366 units during the month, compared with 90,812 a year earlier, according to…

American Express (NYSE:AXP) shares declined nearly 2% in after-hours trading on Thursday after the Office of the Comptroller of the Currency (OCC) imposed a $350 million penalty over deficiencies in the company’s anti-money laundering controls. The US banking regulator said American Express’s national bank subsidiary failed to identify and report approximately $13 billion in suspected…

Citi Research has lowered its price target for Danish pharmaceutical company Novo Nordisk (NYSE:NVO) to DKK 296 from DKK 310, citing limited opportunities for operating margin expansion through 2030 despite improving expectations for sales of its oral obesity treatment, Wegovy. The investment bank maintained its “neutral” rating on the stock following Novo Nordisk’s recent Capital…

Apple (NASDAQ:AAPL) shares declined 1.9% in US premarket trading on Friday following reports that the company had reduced component orders for its recently introduced iPhone 18 Pro and iPhone 18 Pro Max models amid weaker-than-expected demand and rising production costs. According to Nikkei Asia, which cited multiple sources familiar with the situation, Apple has instructed…

Major US oil refiners, including Valero Energy (NYSE:VLO), Marathon Petroleum (NYSE:MPC) and Phillips 66 (NYSE:PSX), are expected to report substantially higher third-quarter earnings as disruptions to global fuel production support refining margins. Analysts anticipate that the three companies could exceed their near-record second-quarter profits, benefiting from shortages of refined petroleum products linked to conflicts in…

Coherent (NYSE:COHR) shares advanced 3.5% in premarket trading on Friday after comments from rival Lumentum (NASDAQ:LITE) highlighted sustained demand for optical components used in artificial intelligence data centres, strengthening investor sentiment across the optical communications sector. Lumentum Chief Executive Michael Hurlston indicated that demand from AI infrastructure customers had effectively committed the company’s optical component…

Lumentum Holdings (NASDAQ:LITE) shares advanced 3.8% in premarket trading on Friday after Chief Executive Michael Hurlston indicated that strong demand for optical components used in artificial intelligence data centres had effectively committed the company’s production capacity through early 2029. Speaking to Bloomberg Television in Tokyo, Hurlston highlighted the growing gap between demand for Lumentum’s optoelectronic…

T-Mobile US (NASDAQ:TMUS) shares declined 6.9% to $159.50 in premarket trading on Friday after SpaceX (NASDAQ:SPCX) announced an agreement to acquire a nationwide portfolio of wireless spectrum, prompting investors to reassess the competitive outlook for established US mobile operators. SpaceX has entered into a definitive agreement to purchase 100% of Grain Management’s nationwide 800 MHz…