Corporate results:

  • Alibaba fell 8% in Hong Kong after its results and, above all, the abandonment of the demerger of its "cloud" unit.
  • Applied Materials fell 7% after its quarterly results. The group is the subject of a criminal investigation in the United States for deliveries to the Chinese company SMIC.
  • Generali posted a 29.6% rise in nine-month profit and maintains its targets for 2024.
  • Gap shares soared 20% in premarket trading after reporting better-than-expected results on Thursday evening. However, the group said it expected sales for the current quarter, including the holiday season, to be below estimates.
  • Chargepoint Holdings plunges 24% in pre-market trading after the electric vehicle charging network provider lowers its quarterly sales forecast and announces the appointment of Rick Wilmer as CEO, effective immediately.

In other news:

  • New York State will launch a new offshore wind energy tender on November 30.
  • Apollo Global Management - Panasonic Holdings said on Friday it was considering selling part of its automotive systems business to funds managed by US private equity firm Apollo.
  • Apple is reportedly behind schedule in the development of chips to replace Qualcomm models, according to several sources.
  • Boeing announced on Thursday evening that Marc Allen, the Group's Chief Strategy Officer, would leave the aircraft manufacturer in 2024.
  • At General Motors, agreement on wage increases got voted by a narrow majority.
  • Geely seeks to sell 100 million Volvo shares, according to Bloomberg.
  • Google delays the release of Gemini AI, which aims to compete with OpenAI.
  • Meta launches AI-based video editing tools.
  • Greece sold 20% of National Bank of Greece at EUR 5.30 per share.
  • Merck & Co - Bayer AG is not liable for allegations arising from certain lawsuits involving talc-based foot powder products it acquired from the U.S. group in a $14.2 billion deal in 2014, Delaware's highest court ruled Thursday.
  • Amazon to launch online car sales in the US next year, starting with Hyundai.
  • IBM withdraws its X ads after an avalanche of controversial tweets from Elon Musk.
  • 3M Company's healthcare business to be called Solventum after demerger.
  • Anima acquires Kairos Partners from Julius Bär.
  • London Stock Exchange wants to buy back £1bn of shares by 2024.
  • The Blockchain Group adjourns its AGM, has its listing suspended and seeks funding.
  • Foot Locker becomes the official marketing partner of the National Basketball Association in the USA.