STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Tesla cuts 2022 delivery targets, downplays weakening vehicle demand

After the bell Wednesday, Tesla reported its highly-anticipated third-quarter earnings, in which the company addressed a broad range of questions, including Chief Executive Elon Musk's pending Twitter takeover.

United Airlines gains on profit forecast as strong travel demand continues

With consumer appetite for travel showing no signs of slowing down despite a run-up in ticket prices, United Airlines said Tuesday it expects its operating profit margin to surpass pre-pandemic levels in the final quarter of 2022.

Intel's Mobileye plans to offer 41 Million shares in IPO

According to a prospectus filed with the SEC, Intel Corp's Mobileye said it plans to offer 41 million class A shares at a projected price of $18 to $21 per share of its initial public offering.

Stellantis debuts "pure-electric Jeep" despite skepticsm on EU's 2035 targets

At the Paris Motor Show Monday, Stellantis debuted its "first pure-electric Jeep" as the automaker pushes to launch an additional 28 all-new electric vehicles through 2024.

Goldman Sachs could announce major reorganization to combine businesses

Goldman Sach, which is expected to announce the changes on October 18, plans to combine its biggest businesses into three divisions, with its storied investment banking and trading businesses merged into a single unit.

Kroger announces $24.6 billion deal to compete with rival Walmart

After eyeing the retail chain for a while, grocery giant Kroger Co. agreed last week to buy Albertsons for $34.10 per share in a deal valued at $24.6 billion.

Beyond Meat announces another round of job cuts, shares plunge

In a strategic shift to achieve more sustainable growth, plant-based burger maker Beyond Meat Inc. is conducting further layoffs following a round of cuts made in August.

Sony and Honda join hands to deliver first EVs by 2026

In a joint venture between Sony Group and Honda Motor, the companies will target the premium electric vehicle market and aim to deliver their first EVs by 2026.

Intel could cut thousands of jobs as demand for PC processors slows

According to a Bloomberg News report Tuesday, Intel corp is looking to make significant job cuts in the coming period, citing people with knowledge on the matter.

PepsiCo shares climb on resilient demand despite fresh price increases

PepsiCo on Wednesday got a lift from an upbeat sales outlook and profit on the back of fresh price increases for its sodas and snacks to fight rising costs while signaling resilient demand.

Rivian shares fall sharply after recalling 13,000 of its electric vehicles

Shares of Rivian fell sharply Monday after the California-based company said it would recall nearly all of its vehicles.

Following widespread criticism, PayPal backtracks policy that fines users $2,500

Paypal Holdings Inc. walked back on a published policy over the weekend that foresaw fining users $2,500 for spreading misinformation.

Denbury shares climb on talks of Exxon Mobil takeover, Bloomberg

Shares of Denbury soared to an all-time intraday high, climbing as much as 12% on Monday after Bloomberg reported Exxon Mobil was considering a takeover of the oil-recovery specialist.

A statement from Peloton CEO calls for another 500 job cuts

Peloton Interactive Inc.'s chief executive said it plans to cut about 500 jobs in a move that should position the struggling fitness equipment maker to return to growth

Uber inks 10-year deal with Motional to launch robotaxis in the US

Last week, Uber Technologies inked a 10-year deal with Motional, a joint venture between Hyundai Motor Group and Aptiv that offers driverless rides and enables food deliveries through its ordering service using Motional's new all-electric IONIQ 5-based robotaxis.

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