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S&P 500 climbs to fresh record high as chip stocks outperform: Live updates CNBCStock market today: Dow, S&P 500, and Nasdaq slide as oil rises amid Hormuz standoff Yahoo FinanceWall St muted as Middle East impasse, mixed earnings hurt sentiment ReutersStocks cut opening losses, trade little changed as U.S.-Iran tensions remain high Investing.com
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It's a precarious time for the airline sector, as a surge in fuel costs due to the Iran conflict is forcing carriers to cut capacity.
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Final 2026 NFL mock draft by Dane Brugler: Jeremiyah Love in top 5, Caleb Downs to Giants The New York Times10 Notable Players Who Could Be Cut or Traded Immediately After the 2026 NFL Draft Bleacher Report2026 NFL Draft Consensus Big Board: The Top 300 Players in the 2026 NFL Draft, According to 134 Analysts wideleft.footballBucky Brooks' top five 2026 NFL Draft prospects by position 3.0: Carson Beck climbs QB rankings NFL.com
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Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
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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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