ASML’s lowered forecast suggests factory overcapacity, not chip doom
By Max A. Cherney and Stephen Nellis (Reuters) – ASML (AS:ASML)’s deep forecast cuts that sparked a global tech stock selloff signal…
PIMCO says UK budget unlikely to shock markets, gilts look attractive
By William Schomberg and David Milliken LONDON (Reuters) – Britain’s new government is unlikely to upset investors in its first budget this…
BofA sees biggest jump in investor optimism, growth expectations since 2020
Investing.com — Investor sentiment has surged to its highest level since mid-2020, according to Bank of America’s October Global Fund Manager Survey. The…
Emirates orders more Boeing 777F freighters, sources say
PARIS (Reuters) – Dubai’s Emirates, one of the world’s largest cargo carriers, is expanding its fleet of Boeing (NYSE:BA) 777F freighters as…
Wall Street mixed as megacap tech stocks fall; banks gain
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -The Dow regained some lost ground on Wednesday although the S&P 500 and the…
Abbott bumps up profit forecast on strong medical device sales
(Reuters) -Abbott Laboratories slightly lifted its annual profit forecast on Wednesday, after beating Wall Street estimates for quarterly earnings on strong demand…
European tech, luxury stocks tumble as ASML, LVMH results disappoint
By Paolo Laudani and Ankika Biswas (Reuters) – Europe’s tech and luxury stocks slumped on Wednesday after disappointing results from industry heavyweights…
Musk’s SpaceX sues California panel, alleges political bias over rocket launches
By Mike Scarcella WASHINGTON (Reuters) -Billionaire Elon Musk’s SpaceX has sued a California commission in federal court, accusing panel members of political…
Coinbase stock volatility to rise in coming months, Citi warns
Investing.com — Citi analysts cautioned in a note Wednesday that Coinbase (NASDAQ:COIN) stock may experience heightened volatility in the coming weeks, driven by…
General Motors to contribute $625 million to new JV with Lithium Americas
(Reuters) -Canadian miner Lithium Americas (NYSE:LAC) said on Wednesday General Motors (NYSE:GM) will contribute $625 million to their new joint venture for…
