ADVFN US – Market Content Editor
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Tesla’s European sales slip as BYD accelerates market push in September
Sales of Tesla, Inc. (NASDAQ:TSLA) vehicles in Europe fell sharply in September, even as Chinese rival BYD Company Limited made strong gains, underscoring shifting competitive dynamics in the region’s electric vehicle market. According to data from the European Automobile Manufacturers’ Association, Tesla registrations in the European Union, EFTA, and the UK dropped 10.5% year-on-year to…
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Gold weakens further below $4,000 as risk appetite grows on U.S.–China trade hopes
Gold prices extended their decline in Asian trading on Tuesday, slipping further below the $4,000 per ounce threshold as optimism surrounding U.S.–China trade negotiations curbed demand for safe-haven assets ahead of a key Federal Reserve System policy decision. By 01:58 ET (05:58 GMT), spot gold had fallen 0.4% to $3,963.60 an ounce, while U.S. Gold…
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Oil declines for third straight session as OPEC+ output outlook tempers U.S.–China trade optimism
Crude oil prices slipped again on Tuesday, dragged down by expectations that OPEC+ will raise production in December, offsetting upbeat sentiment around the upcoming U.S.–China trade talks. By 07:57 GMT, benchmark Brent Crude futures were down $0.83, or 1.26%, at $64.79 per barrel, while West Texas Intermediate (WTI) dropped $0.75, or 1.22%, to $60.56. “Traders…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures steady as investors eye Fed meeting; Trump stops in Japan, Amazon plans job cuts, gold under pressure
U.S. stock index futures were little changed early Tuesday as traders awaited a week packed with major earnings releases, central bank decisions, and key geopolitical developments. President Donald Trump is visiting Japan as part of a broader Asian tour, fueling optimism that his upcoming summit with Xi Jinping in South Korea could pave the way…
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Stellantis posts third straight month of sales growth in Europe
Stellantis (NYSE:STLA) continued its upward trend in the European market (EU, EFTA, UK), recording sales growth for the third month in a row after solid results in August. In September, the automaker delivered 165,457 vehicles across the region — an increase of 11.5% year over year — and nudged its market share up from 13.3%…
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Optimism About U.S.-China Trade Deal Sparks Rally On Wall Street
After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Monday. The major averages added to the strong gains posted last week, reaching new record closing highs. The major averages saw further upside going into the end of the day, reaching new highs for…
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U.S. signs $1 billion supercomputer and AI partnership with AMD, Reuters reports
The U.S. Department of Energy (DOE) has reached a $1 billion agreement with Advanced Micro Devices (NASDAQ:AMD) to build two state-of-the-art supercomputers designed to accelerate nuclear research, fusion energy development, and cancer treatment, according to Reuters. Energy Secretary Chris Wright told Reuters the systems would “supercharge advances in nuclear power and fusion energy, technologies for…
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Revolution Medicines shares climb after FDA grants Orphan Drug Designation for pancreatic cancer treatment
Revolution Medicines Inc (NASDAQ:RVMD) shares gained 5.8% on Monday after the company announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug Designation to its investigational therapy daraxonrasib for the treatment of pancreatic cancer. The designation applies to the company’s RAS(ON) multi-selective inhibitor, which is currently being evaluated in a global Phase…
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Mexico and U.S. to keep trade negotiations going, Sheinbaum says after call with Trump
Claudia Sheinbaum, President of Mexico, said Monday that trade negotiations with the United States will continue for “a few more weeks” after a weekend phone conversation with Donald Trump. During her daily morning press briefing, Sheinbaum explained that she spoke with the U.S. president on Saturday to discuss unresolved trade matters between the two countries.…
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American Water Works stock dips after announcing all-stock merger with Essential Utilities
American Water Works Company (NYSE:AWK) shares fell 3.2% on Monday after the utility giant unveiled plans for an all-stock merger with Essential Utilities (NYSE:WTRG), whose stock slipped 1% following the news. The two companies announced a tax-free merger that would form a leading regulated water and wastewater utility in the U.S., with a pro forma…