Category: Top Story
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AppLovin Shares Extend Decline as SEC Investigates Data Practices
AppLovin (NASDAQ:APP) shares continued to slide on Tuesday, falling 3.2% in premarket trading following a steep 14% drop on Monday, after reports emerged that the U.S. Securities and Exchange Commission (SEC) has opened an investigation into the company’s data-collection practices. According to Bloomberg, which cited sources familiar with the matter, the SEC is examining whether…
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Intercontinental Exchange Shares Jump on Reported $2 Billion Investment in Polymarket
Shares of Intercontinental Exchange (NYSE:ICE) — the parent company of the New York Stock Exchange (NYSE) — rose more than 4% in pre-market trading on Tuesday, after a report from The Wall Street Journal suggested the firm is nearing a $2 billion investment in Polymarket, a cryptocurrency-based prediction platform. According to the report, Intercontinental Exchange…
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Valneva Shares Slide After FDA Suspension Prompts Guidance Revision
Shares of Valneva SE (NASDAQ:VALN) dropped 6.4% on Tuesday after the French vaccine developer revised its 2025 financial outlook downward following the U.S. FDA’s suspension of the product license for its IXCHIQ vaccine. The company now anticipates product sales of €155–170 million, down from its earlier projection of €170–180 million. Total revenue guidance has been…
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Stellantis Sees 32% Drop in Italian Vehicle Production Over First Nine Months of 2025
Stellantis (NYSE:STLA) reported a 32% decline in vehicle output across its Italian facilities during the first nine months of 2025, according to figures released on Tuesday by the FIM Cisl union. Between January and September, the automaker produced just over 265,000 vehicles in Italy, spanning both passenger cars and light commercial vehicles, the union said…
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Euro Under Pressure Amid French Political Unrest; Yen Drops to Two-Month Low
The euro slipped slightly against the U.S. dollar on Tuesday as investors monitored growing political uncertainty in France, while the Japanese yen weakened to its lowest level in two months, with markets focused on the composition of Sanae Takaichi’s new administration following her recent election as leader of Japan’s ruling party. In France, outgoing Prime…
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Toyota Recalls Nearly 394,000 Vehicles in the U.S. Due to Rearview Camera Malfunction
Toyota Motor (NYSE:TM) has issued a recall for 393,838 vehicles across the United States following the discovery of a rearview camera defect that could prevent images from displaying properly, according to a statement released by the U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday. The safety regulator said the issue could impair drivers’ rear…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures Slip as Tesla’s Big Reveal and Fed Uncertainty Steer Market Focus
U.S. stock futures edged lower early Tuesday, as optimism over artificial intelligence breakthroughs was tempered by concerns surrounding the ongoing federal government shutdown. Investors are also looking ahead to several key corporate events, including Tesla’s anticipated unveiling of a cheaper Model Y, Dell’s analyst meeting, and Constellation Brands’ earnings report, which showed smaller-than-expected declines in…
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Gold Holds Near $4,000 as Global Political Tensions Drive Safe-Haven Buying
Gold prices remained close to record highs in Asian trading on Tuesday, as investors sought safety in the precious metal amid mounting political instability across major economies, including the United States, Japan, and France. Growing expectations for additional U.S. interest rate cuts also bolstered sentiment, while fresh data showing continued gold purchases by the People’s…
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Oil Prices Edge Higher as OPEC+ Surprises Markets with Modest Output Increase
Oil prices extended their upward momentum on Tuesday after OPEC+ announced a smaller-than-expected production increase for November, easing concerns over a potential oversupply in the coming months. As of 06:23 GMT, Brent crude futures rose 19 cents, or 0.29%, to $65.66 per barrel, while U.S. West Texas Intermediate (WTI) gained 19 cents, or 0.31%, to…
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Fifth Third Bancorp to Acquire Comerica in $10.9 Billion All-Stock Merger
Fifth Third Bancorp (NASDAQ:FITB) announced on Monday, October 6, that it will acquire Comerica Inc. (NYSE:CMA) in an all-stock transaction valued at $10.9 billion, a move that will create the ninth-largest bank in the United States. The combined institution will hold approximately $288 billion in assets and a strong presence across the Midwest, Texas, and…