• Costco lost 2.5% after the close of trading following its results.
  • Hennes & Mauritz's quarterly profits rise more than expected in fiscal Q3.
  • Amazon is being sued by FTC and 17 US states for alleged monopolistic tactics.
  • China Evergrande chairman Hui Ka Yan has been under judicial supervision since the beginning of the month, according to local press reports. CIFI Holdings has lost half its value in Hong Kong after six months' suspension of trading.
  • Contemporary Amperex Technology (CATL) denied rumors that its partner Ford had halted construction of a $3.5 billion battery plant for electric vehicles in the USA.
  • Volkswagen will temporarily reduce production of two electric vehicle models (ID3, Cupra Born) due to falling demand.
  • According to the Wall Street Journal, OpenAI could be valued at $90 billion in a new financing round.
  • Tesla is working on a technology to mold rocker panels in a single piece.
  • Nel to build an electrode manufacturing gigafactory in the USA.
  • Target to close nine out-of-control stores in the USA, due to theft and crime.
  • SAP launches new generative artificial intelligence assistant Joule.
  • Gabi Schupp appointed CEO of Villeroy & Boch from 2024.
  • Pendragon receives a GBX 32 takeover offer from AutoNation.
  • Evotec and Novo Nordisk team up for translational drug discovery gas pedal.
  • Costco Wholesale fell despite the publication of better-than-expected quarterly results. Analysts said the wholesale distributor had been hit by profit-taking and an extremely pessimistic market environment due to high interest rates.
  • Wells Fargo and private equity firm Centerbridge Partners announced on Tuesday evening a partnership to create a fund of over $5 billion to lend to mid-sized companies in North America.
  • Rivian Automotive plans to use a subscription-based model to monetize certain functions of its cars.
  • Centene will cut 3% of its workforce
  • Rocket Lab lowered its sales forecast for the current quarter.