October 9, 2026 1:54 pm
Key Moments Stellantis CEO Antonio Filosa said the partnership with Wayve is expected to cut both development time and costs for advanced driver-assistance systems. The first product using Wayve’s AI-powered software on Stellantis’ STLA AutoDrive platform is targeted for launch in 2028 in North America. Stellantis and Wayve demonstrated hands-free driving in Fiat 500e and […]
Read moreOctober 9, 2026 9:52 am
Key Moments Verizon stock is down 5.4% in pre-open trading to $43.20 following SpaceX’s agreement to buy Grain Management’s 800 MHz spectrum assets for about $8 billion. The FCC recently authorized SpaceX to deploy 15,000 mobile satellite service devices without ground operator lease fees, bolstering support for Starlink Mobile’s model. Verizon’s ex-dividend date for its […]
Read moreOctober 9, 2026 9:39 am
Key Moments Paramount Pictures is developing a live-action film set in the “Cyberpunk 2077” universe, pushing CD Projekt RED’s shares up 3% in early Friday trading. CD Projekt RED reported “Cyberpunk 2077” sales of 40 million copies as of July 3, with its “Phantom Liberty” expansion reaching 15 million. An Erste analyst said Paramount’s participation […]
Read moreOctober 9, 2026 9:29 am
Key Moments Citi argued a Starbucks (NASDAQ:SBUX) acquisition of Chipotle (NYSE:CMG) could be strategically compelling, even as investors remained skeptical about its likelihood. The firm reiterated its Buy rating on Chipotle and set a price target of $45, compared with a share price of $30.77 as of Tuesday. Citi highlighted both potential strategic advantages – […]
Read moreOctober 9, 2026 9:26 am
Key Moments Apple Inc (NASDAQ:AAPL) reportedly reduced October component orders for iPhone 18 Pro models by 15%-20% from initial expectations. Weaker-than-expected demand for the new premium iPhone 18 lineup has been linked to higher device prices driven by rising memory and component costs. AAPL shares were down 1.9% in U.S. premarket trading by 05:15 ET […]
Read moreOctober 9, 2026 9:17 am
Key Moments Firmus suspended its planned $5 billion Australian IPO and is turning to private capital instead. The IPO, backed by Nvidia and other major investors, faced weakening demand amid questions over debt, valuation, and execution risk. Investors grew more cautious after a key data center partner walked away from a major AI factory development […]
Read moreOctober 8, 2026 1:38 pm
Key Moments HubSpot (NYSE:HUBS) fell 1.6% in pre-market trading to $216.70 as investors reacted to a plan to cut about 660 jobs, or roughly 7% of its global workforce. Restructuring charges tied to the reorganization are projected at $65 million to $75 million, with most of the impact expected in the fourth quarter of fiscal […]
Read moreOctober 8, 2026 1:30 pm
Key Moments Citi identified AMD, Texas Instruments, Lam Research, Teradyne and Synopsys as its preferred buy-rated semiconductor names going into third-quarter earnings. The SOX semiconductor index has climbed 24% from its summer correction, while Citi says the sector is in “Phase 2” of its playbook, driven by data center and auto/industrial demand. Citi downgraded NXP […]
Read moreOctober 8, 2026 1:24 pm
Key Moments Constellation Brands stock is down 1.1% in pre-market trading after a downgrade from Buy to Hold and a price target cut to $135 from $192. Fiscal Q2 2027 results showed adjusted EPS of $3.74 and net sales of $2.63 billion beating estimates, while beer depletions declined 0.6%. Management reaffirmed full-year comparable EPS guidance […]
Read moreOctober 8, 2026 12:57 pm
Key Moments Generac Holdings stock advanced 1.2% in pre-market trading after two firms issued Overweight ratings on the same morning. The bullish calls focused on Generac’s long-term Amazon data center power agreement, with a potential value of up to $8 billion over seven years. GNRC gained ground even as the S&P 500 fell 0.6%, the […]
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