North America:

  • Workday reported higher third-quarter earnings and revenue, with a profit of $1.89 per share and $2.16 billion in revenue, surpassing analyst expectations, although their fourth-quarter subscription revenue guidance of $2.025 billion fell slightly short of the consensus estimate of $2.04 billion.
  • CrowdStrike Holdings reported strong Q3 results with earnings and revenue surpassing expectations, and provided optimistic guidance for Q4 and FY2025, projecting continued growth in revenue and earnings per share.
  • HP Inc reported better-than-expected fiscal Q4 revenue and non-GAAP EPS, but its shares and those of Dell fell after both companies forecasted weaker Q4 earnings and HP projected a Q1 profit below estimates due to sluggish PC market demand.
  • Autodesk reported a Q3 earnings beat with an EPS of $2.17 and revenue of $1.57 billion, subsequently raising its guidance with an expected Q4 EPS between $2.10 and $2.16.
  • Dell Technologies reported mixed Q3 results with earnings per share of $2.15 surpassing expectations, but a revenue of $24.37 billion falling short of estimates, alongside a weaker Q4 revenue forecast impacted by declining PC demand, increased competition, and cautious enterprise spending, while an insider sold shares worth over $1.1 million.
  • Nordstrom exceeded Q3 earnings expectations, reported $3.34B in revenue aligning with estimates, and raised its FY revenue and comparable sales forecasts despite a late October sales slowdown.
  • Amazon Japan is facing an investigation by Japan's Fair Trade Commission for potential anti-monopoly law violations, while simultaneously, Amazon workers in the U.S., including drivers in Atlanta, are pushing forward with unionization efforts.
  • Kohl's reported a larger-than-expected decline in Q3 revenue, lowered its full-year financial outlook, announced a new CEO, and saw its shares drop to the lowest level since 2020 amid challenges in its turnaround strategy, while consumer stocks slightly rose.
  • Mexico's president warned of inflation and job losses due to Trump's tariff threats, while consumer stocks rose and Ford planned layoffs in Germany, potentially impacting the Cologne production site.

Europe and Asia:

  • Volkswagen has sold its Xinjiang plant to a Chinese state-owned company, ending its controversial presence in the region amid economic reasons, a shift towards electrification, and years of pressure over human rights concerns.
  • EasyJet has raised its dividend due to increased customer volumes, reporting record profits and sales for the summer and annual results, with a positive outlook and expectations to fly more passengers in 2025, leading to shares reaching an 8-month high.
  • Stellantis is consolidating its UK manufacturing by closing its Luton plant, affecting 1,100 jobs, and investing GBP 50 million in its Ellesmere Port facility to transform it into an all-electric vehicle hub amidst broader industry challenges and regulatory pressures.
  • Aston Martin Lagonda Global has raised £211 million through a combination of share placements and senior secured notes, while revising its FY24 adjusted EBITDA guidance downwards and warning of lower profits due to delayed deliveries of the Valiant model, causing its shares to drop to a two-year low.
  • HSBC Holdings was fined 32 million euros by the EU General Court for engaging in anti-competitive behavior and rigging the Euribor, despite the bank also buying back approximately 3.7 million shares in the UK and Hong Kong.
  • Banco BPM, led by CEO Giuseppe Castagna, has rejected UniCredit's takeover bid, aiming to remain independent and focus on its industrial plan, including a voluntary OPA on Anima Holding, while appointing Edoardo Faletti as the new Chief Risk Officer.
  • Novartis' drug Kisqali has received approval from the European Commission to be used as an adjuvant treatment for high-risk hormone receptor-positive, human epidermal growth factor receptor 2-negative early breast cancer patients across a broad population.
  • Standard Chartered is considering selling its wealth and retail banking businesses in Botswana, Uganda, and Zambia to concentrate on serving cross-border corporate and financial institution clients.
  • Johnson Matthey reported a resilient first-half performance for fiscal year 2024 with higher profits despite a decrease in revenue to GBP5.63 billion and minimal impact from proposed US import tariffs.
  • Nokia has secured multiple contracts with Deutsche Telekom to deploy Open-RAN and 5G technology across Germany, replacing Huawei as the network equipment provider.
  • SoftBank Group intends to invest $1.5 billion in OpenAI via a tender offer, marking a significant new financial commitment to the AI company.
  • CATL introduced new batteries for heavy-duty vehicles, denied sourcing from Xinjiang, and partnered with Bolivia's government and CBC to construct two lithium extraction plants worth over $1 billion.
  • In October, Apple experienced a decline in smartphone sales in China and is facing regulatory challenges in launching its AI models, prompting potential partnerships with local firms such as Baidu, ByteDance, and Moonshot.
  • Australia has enacted legislation prohibiting children under 16 from using social media, despite opposition from tech giants Meta and Alphabet.
    Nvidia Corporation Samsung Electronics has named new leaders for its memory and foundry chip divisions to enhance its position in the AI chip market.
  • Oversea-Chinese Banking Corporation Limited OCBC is utilizing treasury shares to facilitate its employee share scheme.
  • China Telecom and Huawei have partnered with MTN South Africa, signing an MOU to explore new business opportunities and enhance technological offerings in South Africa.
  • Bank of China Limited Liu Lange, the former chair of Bank of China, was given a suspended death sentence for engaging in bribery and issuing illegal loans.
  • Samsung Electronics Co., Ltd. South Korea intends to support its semiconductor industry by offering $10 billion in low-interest loans through government banks.
  • Commonwealth Bank of Australia has issued AU$1.5 billion in subordinated fixed to floating rate securities, set to mature on November 27, 2039.
  • BYD is intensifying the price war in China's auto market by requesting a 10% price cut from its suppliers starting January 1.
  • Macquarie Bank London was fined £13 million by the UK's Financial Conduct Authority for not detecting over 400 fictitious trades by an employee from 2013 to 2017.