October 16, 2026 10:47 am
Key Moments Mercedes-Benz and NVIDIA announced on October 16, 2026, that they will extend their strategic partnership to build next-generation driver assistance and automated driving systems. The collaboration combines MB.OS and Mercedes-Benz engineering with NVIDIA Hyperion, Alpamayo Stack and Halos, with no commercial launch schedule or financial terms disclosed. The companies said the technology stack […]
Read moreOctober 16, 2026 10:26 am
Key Moments Jefferies reiterates a Buy on Coca-Cola (NYSE:KO) and a Hold on PepsiCo (NASDAQ:PEP) after KFC shifts its U.S. beverage supply from Pepsi to Coke. KFC’s U.S. beverage switch represents an estimated $375 million to $560 million in sales, based on system-wide sales of $4.7 billion and an 8-12% beverage mix. Jefferies says the […]
Read moreOctober 16, 2026 10:19 am
Key Moments Tesla stock climbed 4.7% in pre-market trading after the second-generation Roadster was unveiled at SpaceX’s Waco, Texas facility. The Roadster showcased compressed-air thrusters, upside-down driving via a suction-fan system, and sub-one-second 0-60 mph acceleration, with production targeted for 2028 and pre-orders requiring a $5,000 deposit. Barclays highlighted rising expectations for a potential Tesla-SpaceX […]
Read moreOctober 16, 2026 9:53 am
Key Moments Copper is trading around $6.6118, holding just above a key support zone at $6.50 while capped by resistance at $6.75. The Money Flow Index is at 4.71, signaling extreme selling pressure exhaustion even as broader trend gauges still lean bearish. A defined no-trade band between $6.57 and $6.70 has emerged, with traders waiting […]
Read moreOctober 16, 2026 9:27 am
Key Moments ICE Brent has been trading steadily above $100/bbl as markets price in a significant geopolitical risk premium tied to Middle East developments and Strait of Hormuz flows. International Energy Agency members agreed to release the remaining 100m barrels from strategic reserves, including 20m barrels of diesel, following an earlier commitment of 400m barrels. […]
Read moreOctober 16, 2026 9:04 am
Key Moments USD/CAD trades around 1.4175-1.4170 in Asia, hovering just above a more than two-week low reached the prior day. Declining U.S. bond yields and neutral comments from Fed Chair Kevin Warsh keep the U.S. Dollar under pressure. Oil prices near a three-week high and a more hawkish tone from BoC Governor Tiff Macklem support […]
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