ADVFN US – Market Content Editor
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Stellantis Tests Diesel-Hybrid Powertrain for Next-Generation Commercial Vans in Europe
Stellantis (NYSE:STLA) is testing a new diesel-hybrid powertrain for its large commercial vehicles in Europe, according to Italian metalworkers’ union UILM, following a meeting with the automotive group on Monday. The new propulsion system is being developed at Stellantis’ Pratola Serra engine manufacturing facility in Avellino, Italy, and is intended to supply the group’s commercial…
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Anthropic Investors Consider Lower $1.5 Trillion IPO Valuation as Revenue Growth Slows
Some existing and prospective investors in Anthropic (NASDAQ:ANTP) are considering a valuation of approximately $1.5 trillion for the artificial intelligence company’s planned November initial public offering, following financial disclosures that revealed slower quarterly revenue growth. The figure represents a potential 25% reduction from the roughly $2 trillion valuation previously anticipated for the share sale, according…
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Mercedes-Benz and Nvidia Expand Collaboration on Advanced Driver Assistance and Automated Driving
Mercedes-Benz (TG:MBG) and Nvidia (NASDAQ:NVDA) have expanded their technology partnership to develop advanced driver assistance and automated driving systems for future vehicles, the companies announced on Friday, 16 October 2026. The extended agreement combines Mercedes-Benz’s automotive engineering capabilities and proprietary vehicle operating system with Nvidia’s computing architecture, artificial intelligence software and safety technologies. The collaboration…
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CoreWeave Shares Drop 3.8% as $50 Billion Debt Burden Raises AI Investment Concerns
CoreWeave (NASDAQ:CRWV) shares declined 3.8% to $67.10 in premarket trading on Friday, 16 October 2026, as investor concerns about the cloud computing company’s $50 billion debt burden and the rising cost of artificial intelligence infrastructure continued to weigh on the stock. The latest decline followed several sessions of selling pressure, with CoreWeave shares already down…
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Nike Resale Market Share Rises to 72.3% in September as Jordan Brand Leads Gains, Citi Reports
Nike (NYSE:NKE) increased its share of athletic footwear resale volume in September 2026, with its Jordan brand accounting for most of the improvement, according to data tracked by Citi. The sportswear company’s resale volume share reached 72.3% during September, representing a month-on-month increase of 63 basis points. The figure was also above Nike’s average share…
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Jefferies Maintains Coca-Cola Buy Rating as KFC Switches US Beverage Supply From PepsiCo
Jefferies has maintained its Buy rating on Coca-Cola (NYSE:KO) and Hold rating on PepsiCo (NASDAQ:PEP) following KFC’s decision to replace Pepsi with Coca-Cola as its beverage supplier in the United States. The investment bank described the change as unexpected, particularly as it follows Marriott’s decision several months earlier to move to Coca-Cola after maintaining a…
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Netflix Shares Fall 2% as Peter Rice Replaces Bela Bajaria as Chief Content Officer
Netflix (NASDAQ:NFLX) shares declined 2% in premarket trading on Friday, 16 October 2026, after the streaming company announced the appointment of Peter Rice as its new Chief Content Officer, replacing Bela Bajaria. Rice, a former Chairman of Walt Disney Television, will join Netflix on 26 October. Bajaria is departing after nearly a decade with the…
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Oil Prices Ease but Remain on Course for Weekly Gains Amid Middle East Supply Concerns
Oil prices declined on Friday, 16 October 2026, but remained on track for weekly gains as uncertainty over Middle Eastern supplies and a larger-than-expected reduction in US crude inventories continued to influence trading. Brent crude futures fell 47 cents, or 0.44%, to $105.45 a barrel at 07:47 GMT, while US West Texas Intermediate (WTI) futures…
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US Stock Futures Edge Higher as Fed Chair Warsh Avoids Rate Guidance and Tesla Unveils New Roadster: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures traded slightly higher on Friday, 16 October 2026, following gains on Wall Street in the previous session as technology shares recovered from selling pressure linked to concerns about artificial intelligence investment and corporate borrowing. Investors were assessing comments from Federal Reserve Chair Kevin Warsh, who declined to indicate the likely outcome of…
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Gold Prices Rise as Lower US Treasury Yields and Weaker Dollar Support Precious Metals
Gold prices edged higher on Friday, 16 October 2026, following a two-week high in the previous session, as declining US Treasury yields and a weaker dollar supported demand for precious metals amid concerns about artificial intelligence investment and financial market volatility. At 00:49 ET (04:49 GMT), spot gold increased by 0.1% to $4,174.76 per ounce,…