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Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap Bloomberg.comAsian stocks sink, bonds struggle as oil spike stokes rate risks ReutersAsia stocks fall as Trump tariffs rattle exporters; Japan, S.Korea tumble Investing.comShares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel Click2Houston
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Trump imposes forced labor duties on 60 trading partners as 10% US tariffs expire ReutersTrump Administration Imposed New Tariffs of Around 10% on Over 80 Nations The New York TimesUS Hits 60 Economies With Duties as Trump Rebuilds Tariff Wall Bloomberg.comTrump's Trade Wars Are Back—Despite the Supreme Court WSJTrump imposes new tariff targeting dozens of countries CNN
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Tech titan's ex-wife fails to win greater share of AI boom in decade-long ‘divorce of the century' CNNSK Hynix Billionaire to Get Long-Awaited Ruling on Divorce Case Bloomberg.comSouth Korean court orders SK Chairman Chey to pay $640 mln to ex-wife in divorce ruling ReutersSouth Korean AI billionaire faces $1 billion divorce payout after 'marriage of the century' crumbles amid affair with younger woman New York Post
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Tehran slams Trump's threat to use frozen Iranian assets as ‘incendiary' Al JazeeraTrump considering a ‘massive attack' on Iran as Tehran labels UK ‘accomplice' to America CNBCUS to use frozen Iranian assets to fund war damages BBCTrump weighs broader Iran offensive as Iraq holds talks with Tehran Fox News
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Intel blows past estimates, recording fastest sales growth in almost 15 years on 'unprecedented' demand CNBCIntel tops Q2 estimates on top and bottom lines, offers upbeat Q3 outlook Yahoo FinanceIntel Forecast Shatters Estimates, Fueled by Data Center Growth Bloomberg.comIntel posts fastest growth in 15 years as AI fuels chip sales Financial TimesIntel Earnings Arrive as Chip Stocks Continue to Wobble
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Microsoft launches new in-house AI models it says cut costs up to 89% versus OpenAI VentureBeatSee more headlines & perspectives on Google News
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Wall St falls as tech earnings spark AI spending worries and oil hits $100 ReutersStocks Tumble as A.I. Spending and Oil Prices Weigh on Market The New York TimesStock market today: Dow, S&P 500, Nasdaq sell off as rising oil prices, bond yields, and AI capex weigh Yahoo FinanceBrent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower AP News
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Microsoft is replacing OpenAI image models in PowerPoint, Bing The Seattle TimesSee more headlines & perspectives on Google News
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Saudi nuclear deal in doubt as Trump adds new condition regarding Israel The Washington PostTrump Approves Landmark Nuclear Deal With Saudi Arabia in Big Win for Kingdom WSJWhy a Saudi nuclear deal is a perfect metaphor for Trump's presidency CNNThe Art of the Giveaway The AtlanticTrump's Saudi nuclear deal risks igniting
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Murdoch and Musk in the crosshairs at Venice film festival The GuardianA 4-hour Elon Musk documentary and a dark CIA comedy lead Venice Film Festival lineup AP NewsVenice Chief Alberto Barbera on Robert Pattinson, Lack of Studio Movies VarietyRobert Pattinson, Penélope Cruz, Alicia Vikander and Oasis Lead All-Star Venice Lineup The Hollywood ReporterVenice Film Festival 2026 Movies --
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Asian stocks sink, bonds struggle as oil spike stokes rate risks ReutersA dangerous new phase of war is breaking all the oil market's constraints CNNBrent Crude Oil Prices Top $100 as Conflict With Iran Drags On The New York TimesShortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil' CNBC
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How Trump upended the Saudi nuclear deal less than 24 hours after its signing CNNTrump Approves Landmark Nuclear Deal With Saudi Arabia in Big Win for Kingdom WSJOil-Rich Saudi Arabia Isn't Short on Energy. Here's Why It Wants to Go Nuclear. The New York TimesTrump's Saudi Nuclear Deal Is Too Important to Lie About Bloomberg.comThe Art of the Giveaway
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NYC stabbing attacks that injured 2 being evaluated as potential hate crime: NYPD ABC News - Breaking News, Latest News and VideosStabbings near Central Park: NYPD says suspect in custody after 2 men stabbed on Upper West Side of NYC ABC7 New YorkNYPD evaluating possible hate crime after 2 men were stabbed in unprovoked attack, officials say CNN2 Men Stabbed on Upper West Side in Possible Hate Crimes, Police Say
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Trump warns of largest strikes on Iran yet as Tehran lashes out across Gulf Al JazeeraTrump weighs broader Iran offensive as Iraq shifts toward Tehran Fox NewsIran war updates: Trump warns of unprecedented ‘massive attack' on Iran Al Jazeera
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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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