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Stocks were caught up Friday in a whirlwind of market-moving headlines, making for a wild final trading day in a rough month for U.S. equities.
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United Airlines' stock on Friday suffered its worst drop in 10 months, with other airline stocks also seeing steep declines amid rising oil futures prices and increased market jitters.
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In a post-search, AI-driven market, chasing big 'touchdown' wins has become an unsustainable strategy.
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Worries over the destructive impact of artificial intelligence on the U.S. economy were sweeping through the $30 trillion bond market on Friday.
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Investors fret over growing strains in private credit and risks of AI disrupting the software industry
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Dave Reibstein, Professor of Marketing at the Wharton School, explains how the school's Cryptocurrency Confidence Index tracks U.S. consumer sentiment, explores links between confidence and price volatility, and examines the role of regulation and public perception in shaping the future of digital assets. Hosted on Acast. See acast.com/privacy for more information.
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Well before the Supreme Court struck down many of President Trump's tariffs, Wall Street had been literally betting on it. Firms created a market to sell companies' claims on refunds, if they happen.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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