Arm set to extend gains, Chinese data lifts sentiment - what's moving markets

Go back to Arm set to extend gains, Chinese data lifts sentiment - what's moving markets

Will the EU postpone Brexit tariffs on EVs?

September 18, 2023 1:45 PM EDT

The European Union is hesitant to grant Britain's request for a postponement of impending tariffs on electric vehicle sales, as indicated by the United Kingdom's automotive industry association on Monday. Despite this, car manufacturers maintain a positive outlook, believing that a delay in implementing these tariffs can still be negotiated.

As per the terms of the Brexit trade agreement, starting in January, the... More

'Too soon' to declare Arm Holdings (ARM) an AI winner says Bernstein

September 18, 2023 9:45 AM EDT

Bernstein analyst Sara Russo initiated Arm Holdings (NASDAQ: ARM) shares at Underperform with a $46 price target in a note Monday.

Russo told investors that while the expectations Arm will be a beneficiary from AI growth may be adding a premium to the share price,... More

Unions call for one-day strike at Stellantis (STLA) plant in Italy

September 15, 2023 2:20 PM EDT

On September 18, unions, including UILM, FIM-CISL, Fismic, and Uglm called for a one-day strike at Stellantis' (NYSE: STLA) Melfi plant in southern Italy in response to the carmaker's lack of communication regarding its future production plans at the facility.

In June, the Franco-Italian company had revealed its intention to... More

Citi Out Positive on NVIDIA (NVDA), 'continues to standout out as the most advanced AI platform'

September 15, 2023 10:48 AM EDT

Citi analyst Atif Malik reiterated a Buy rating and $630.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA continues to standout out as the most advanced AI platform for both training and inference, in our view. Going from inference for computer... More

Detroit 3 fall as UAW begins strike

September 15, 2023 8:44 AM EDT

The stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More