Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs
Xpeng, the Chinese electric vehicle maker, says it remains committed to Europe for the long term despite pressure it faces from the European Union’s tariffs.
Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
Nvidia’s gains in share price lifted its market value to top $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street.
Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
Tokyo Metro set to raise $2.3 bln in Japan’s biggest IPO in 6 years, Reuters reports
Tokyo Metro expected to raise $2.3 billion, according to two sources familiar with the matter, in the largest IPO in Japan for six years.
BlackRock, Fidelity snap up Hyundai India shares in record $3.3 billion IPO
Hyundai Motor India sold shares worth $989.4 million to BlackRock, Fidelity on Monday, as the carmaker launched the country’s biggest IPO at $3.3 billion
Overtourism: It’s not the tourists — it’s local ‘lack of management,’ says sustainability expert
Overtourism can be alleviated by better awareness and management at the local level, said Randy Durband, CEO of the Global Sustainable Tourism Council.
China stocks drop after trade data disappoints with Hang Seng tanking 4%, CSI 300 falls over 2%
Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month.
CNBC Daily Open: Economic growth and inflation might remain strong
After the strong slate of data on employment, income growth and inflation, there’s chatter that the U.S. economy might be headed for a “no landing” scenario.
Delivery Hero vs. Just Eat? One has 60% upside in a ‘winner-takes-all’ market, says Stifel
The company’s pivot toward profitability has started to bear fruit, says the Stifel analyst.
Netflix and more: Jefferies names stocks set to benefit from a $60 billion anime boom
“Many companies are now positioning anime-related businesses as core to their growth strategies,” Jefferies’ analysts said.
