ADVFN US – Market Content Editor
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Daimler Truck and General Dynamics Deepen Collaboration on Military Vehicles
Daimler Truck Holding AG (TG:DTG) and General Dynamics Land Systems Inc. (NYSE:GD) are expanding their cooperation in the defense sector as governments boost military budgets worldwide. The enhanced partnership centers on Daimler’s Mercedes-Benz Special Trucks unit, which produces the Zetros and Unimog all-terrain vehicles currently deployed by NATO members and various armed forces globally. Under…
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Nvidia targets $500M investment in British autonomous driving startup Wayve
Nvidia (NASDAQ:NVDA), the American chipmaker, has entered a letter of intent to potentially commit $500 million to Wayve, a UK-based self-driving technology company, the startup confirmed Thursday. Wayve, currently active in the United Kingdom and United States, is broadening its testing and development programs into Germany and Japan, expanding its global footprint. The potential investment…
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Pony AI on track to reach key profitability milestone by early 2026, CFO says
Chinese robotaxi operator Pony AI Inc (NASDAQ:PONY) is expected to hit a significant profit benchmark by the end of 2025 or early 2026, according to the Wall Street Journal, citing statements from CFO Leo Haojun Wang. Wang told the publication that Pony is “well on track” to achieve single-unit economic break-even and could even report…
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FedEx Shares Climb Premarket as Cost-Cutting Measures Lift Results Above Expectations
Shares of FedEx (NYSE:FDX) rose in premarket U.S. trading Friday after the Memphis-based shipping giant reported quarterly earnings that exceeded Wall Street forecasts and issued a full-year outlook aligning with analyst estimates. The company’s focus on reducing costs helped offset weak international volumes, particularly after the expiration of a tariff exemption for certain low-value products…
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Lennar Falls Short in Q3 as Housing Pressures Weigh on Market, Shares Dip
Lennar Corporation (NYSE:LEN) reported third-quarter results that missed analyst expectations as the housing market continued to challenge the homebuilder. The company posted adjusted earnings per share of $2.00, below the projected $2.10, while revenue totaled $8.8 billion, slightly under the consensus estimate of $8.97 billion. Shares of Lennar slid about 3% in premarket trading Friday.…
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Ford Recalls Over 100,000 Taurus Sedans Due to Loose Door Trim
Ford Motor Company (NYSE:F) is recalling 101,944 Taurus sedans in the United States after a safety defect was identified that could cause the door trim to come loose while the car is in motion, the National Highway Traffic Safety Administration (NHTSA) reported. The recall, announced Friday, affects the B-pillar trim on both the driver’s and…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip Slightly Ahead of Trump-Xi Call; Key Market Moves
U.S. stock futures dipped modestly Friday after Wall Street’s major indices posted fresh record closes in the previous session. Investors are now anticipating a phone call between President Donald Trump and Chinese leader Xi Jinping, with a potential deal regarding TikTok’s U.S. operations likely to be on the agenda. Meanwhile, FedEx posted quarterly results that…
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Dollar Strengthens on Jobs Report; Yen Rises After BoJ Policy Meeting
The U.S. dollar inched higher on Friday, supported by encouraging employment data, while the Japanese yen gained following a relatively hawkish Bank of Japan meeting. By 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 97.175, recovering from earlier losses that had brought it to…
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Gold Rises Toward Fifth Straight Weekly Gain After Fed Cuts Rates
Gold prices edged up in Asian trading on Friday, extending gains for a fifth consecutive week following the U.S. Federal Reserve’s widely expected interest rate reduction earlier this week. Spot gold increased 0.2% to $3,650.14 an ounce by 02:25 ET (06:25 GMT), after reaching an all-time peak of $3,707.40 on Wednesday. U.S. December Gold Futures…
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Oil Falls as Demand Worries Overshadow Fed Rate Cut Optimism
Oil prices dipped on Friday as concerns about U.S. fuel demand outweighed expectations that the Federal Reserve’s first rate cut of the year would encourage greater consumption. At 0656 GMT, Brent crude futures were down 17 cents, or 0.3%, at $67.27 a barrel, while U.S. West Texas Intermediate (WTI) futures lost 19 cents, also 0.3%,…