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Energy & Utilities Roundup: Market Talk
Woodside Energy and more in the latest Market Talks covering Energy and Utilities.
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Stellantis Falls as Executive Shake-Up Fails to Calm Nerves
Stellantis shares slipped following the troubled automaker’s announcement of a sweeping management reshuffle just days after it slashed full-year earnings guidance.
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Volkswagen Car Deliveries Fall as Industry Challenges Mount
Volkswagen delivered fewer cars in the third quarter as the automaker navigates an increasingly challenging market hit by a price war in China and high domestic production costs.
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Tesla’s Robotaxi Event Disappoints Investors
Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details.
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Sanofi in Talks to Sell Controlling Stake in Consumer Health Arm to CD&R
The French drugmaker said the negotiations are for a potential sale of a 50% controlling stake in Opella.
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Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023
The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.
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Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett’s Berkshire Hathaway cut its stake in Bank of America below an important level.
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AMD launches AI chip to rival Nvidia’s Blackwell
Advanced generative AI such as OpenAI’s ChatGPT requires massive data centers full of GPUs, which has created demand for more companies to provide AI chips.