Biden discourages Israel from striking Iran’s oil industry, crude posts best week in more than year
Though oil prices have surged this week on geopolitical tensions, they have risen from a low baseline.
Jamie Dimon denies Trump’s claim that JPMorgan CEO has endorsed him
JPMorgan Chase CEO Jamie Dimon previously urged corporate leaders to back Nikki Haley over Donald Trump. Trump faces Vice President Kamala Harris in November.
Stellantis files federal lawsuit against UAW union over strike threats
Stellantis is suing the United Auto Workers, escalating a monthslong battle between the trans-Atlantic automaker and American union, CNBC has learned.
Stock market next week: Investors wonder what’s to come after tumultuous October start
Investors are looking ahead to the first major earnings reports and some economic releases.
The best geopolitical hedges from gold to oil and even stocks
According to Bank of America, stocks, oil and gold are good ways to hedge against geopolitical risk.
Meta, challenging OpenAI, announces new AI model that can generate video with sound
Meta announced a new AI model called Movie Gen that can generate videos with realistic-seeming audio clips, including background music and sound effects.
Ubisoft shares skyrocket 33% after report Tencent, Guillemot family considering buyout
Ubisoft shares surged 33% Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company.
Rivian shares fall after EV maker slashes production forecast, misses Q3 delivery expectations
Rivian produced 13,157 vehicles at its manufacturing facility in Normal, Illinois, and delivered 10,018 vehicles during the same period.
Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
Fifteen miles off Iran’s northwestern coast, the Kharg Island terminal handles more than 90% of the country’s crude exports.
European Union votes to impose tariffs on Chinese electric vehicles
European Union member states on Friday voted in favor of the European Commission’s proposal to impose definitive tariffs on battery electric vehicles from China.
