U.S. futures dip, Moody's flags government shutdown impact - what's moving markets

Stellantis (STLA) announces leadership changes

Stellantis (NYSE: STLA) announced Thursday the appointment of Emanuele Cappellano as COO of Stellantis South America, as well as Antonio Filosa to Jeep Brand CEO, replacing Christian Meunier who is taking a break to focus on personal matters.

Stellantis also announced the... More

Britain keeps timeline for 2035 fossil fuel Car phase-out despite delay

Britain revealed Thursday that the country will continue with its previous timetable to eliminating fossil fuel-burning cars by 2035, mitigating the consequences of last week's five-year delay, which now mandates that petrol and diesel vehicles must incorporate hybrid engines.

This announcement means that the policy shift introduced last week by Prime Minister Rishi Sunak's will not generate as much disruption to the industry as manufacturers had... More

UAW union seeks minimum 30% pay increase - Bloomberg

Bloomberg reported Thursday that the United Auto Workers union is seeking a minimum 30% pay increase from Detroit's three major automakers.

Citing people familiar with the matter, the publication stated that 30% is the level the union feels will satisfy existing members and organize non-union plants. It is lower than the... More

UAW warns of expanded strikes if progress isn't made by Friday

As the United Auto Workers (UAW) union enters its 14th day of striking against the Detroit 3 automakers (GM, Ford, Stellantis), reportd have surfaced that the union may announce extended strikes if progress in negotiations hasnt been made by 10 a.m. on Friday.

The new deadline set by the union follows the UAW's decision to extend its initial strike actions against GM and Stellantis to include 38 more parts and distribution facilities, one week... More

Evercore ISI on Amazon.com (AMZN): 'We strongly reiterate our Outperform', 'compelling entry/adding opportunity'

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $190.00 price target on Amazon.com (NASDAQ: AMZN)

The analyst comments "We strongly reiterate our Outperform rating and $190 PT. We believe the recent 15% correction in AMZN shares driven by a number of macro, market & company... More

Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'

Morgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.

Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).

In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More