Stock News
1. Paypal (PYPL.O) reported third-quarter revenue of $8.42 billion, compared to market expectations of $8.23 billion and $7.847 billion in the same period last year.
2. UnitedHealth Group (UNH.N) is reducing its international presence and raising its full-year 2025 earnings forecast.
3. New Oriental Education & Technology (EDU.N): Under its share repurchase program, the company may repurchase up to $300 million of American Depositary Shares (ADSs) or common stock over the next 12 months.
4. Oracle (ORCL.N) CEO: Not concerned about an "AI bubble."
5. Trump Media & Technology Group (DJT.O): Will launch a prediction market on Truth Social through an exclusive partnership with Crypto.com.
6. Adobe (ADBE.O): Announced a partnership with YouTube. Adobe will integrate OpenAI and Google AI models into Photoshop and other tools. 7. The European Automobile Manufacturers Association (EACA): Tesla (TSLA.O) saw a 19% drop in new car registrations in the EU in September; BYD saw a 272% increase in new car registrations in the same month.
8. HSBC Holdings (HSBC.N) rose nearly 3% in pre-market trading, raising its full-year net interest income forecast for its banking business.
9. WeRide (WRD.O): Founder, Chairman, and CEO Han Xu has voluntarily committed to a three-year lock-up period starting October 28.
10. Boyu Capital is seeking to acquire a controlling stake in Starbucks (SBUX.O) China. The deal could value Starbucks China at over $4 billion.
11. Trump said he will meet with Nvidia (NVDA.O) CEO Jensen Huang tomorrow.
12. Amazon (AMZN.O) announced 14,000 layoffs.
13. Vietnamese electric vehicle manufacturer VinFast (VFS.O): VinFast India has partnered with Union Bank of India to provide comprehensive electric vehicle financing solutions. 14. United Parcel Service (UPS.N) said it has cut approximately 14,000 management positions and 34,000 operations staff so far this year.
15. Novartis (NVS.N) CEO: The company is considering adding additional pharmaceuticals to its direct-to-patient platform, but no specific plans are currently in place.
