MINISO 12-Month Average Price Target Cut to $13.64, 42% Upside
Analysts lowered MINISO’s average 12-month price target from $14.14 to $13.64, while the consensus “Buy” rating remains unchanged.
MINISO Group Holding Limited
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Applied Materials shares slip as Intel research ties deepen
Applied Materials is expanding AI-chip research with Intel, but no new equipment orders were disclosed, leaving the timing of revenue gains uncertain.
Applied MaterialsIntel
Tesla shares slip after European assisted-driving relabeling
Tesla renamed its European driver-assistance service Assisted Driving, while shares fell 1.1%. EU approvals remain incomplete despite Slovakia’s expected decision.
TeslaTSLA
Bloomberg: JPMorgan and Goldman Cut Exposure to Volta AI Loan Sale
Bloomberg News reported that JPMorgan and Goldman reduced exposure to a $5 billion Volta AI loan sale. Reuters has not verified the report.
JPMorganGoldman SachsVolta AI
Cisco shares fall 3.3% as Webex agents work beyond calls
Cisco unveiled Webex AI agents that continue tasks after meetings, but gave no adoption data or contract details to support the growth case.
Cisco Systems
Three Issues to Watch in JPMorgan and Big Bank Earnings
JPMorgan, Goldman Sachs, Citigroup and Wells Fargo begin bank earnings season. Investors will focus on rates, investment banking revenue and expenses.
JPMorgan ChaseGoldman SachsCitigroupWells FargoKBW Nasdaq Bank IndexS&P 500
Arista unveils Ethernet push for AI racks as shares fall 2.7%
Arista outlined Ethernet technology for AI clusters, but disclosed no orders, pricing or shipment volumes. Its shares fell about 2.7% on October 12.
Arista NetworksANETNvidia
CBOT wheat rises as traders weigh Black Sea shipping disruption
CBOT wheat futures recovered after three losing sessions as traders monitored Black Sea diplomacy, IKAR’s lower crop forecast and Tuesday’s USDA report.
CBOT wheatK.C. wheatMinneapolis wheat
Corn Futures Rebound as Traders Reassess Friday’s WASDE Report
Corn futures rose after traders reassessed Friday’s WASDE report and earlier losses. Wheat gained, while soybeans weakened amid negative Chinese crush margins.
Corn futuresWheat futuresSoybean futuresCBOTBrentUSD
CBOT corn rebounds from a two-month low as demand improves
CBOT corn recovered after a sharp drop, supported by technical buying and fresh demand, while a large US crop outlook and active harvesting limited gains.
CBOT cornCZ26
Crédit Agricole Agrees to Acquire German Lender IKB
Crédit Agricole will acquire all of IKB from Lone Star Funds with its own funds; terms are undisclosed, and closing is targeted by the end of Q2.
Crédit AgricoleIKB Deutsche Industriebank AGLone Star Funds
CBOT soybeans slip as record US crop meets brisk harvest
CBOT soybeans fell as a larger US crop and active harvesting weighed on prices, while traders assessed Chinese demand and Brazil’s planting prospects.
CBOT November soybeans (SX26)CBOT December soymeal (SMZ26)CBOT December soyoil (BOZ26)
Volkswagen China deliveries plunge 38.5% in the third quarter
Volkswagen’s global deliveries dropped 14.3% in Q3, with China driving the decline as deliveries there plunged 38.5% amid tougher market conditions.
VWAGY
Musk Wants Tesla and SpaceX to Rethink Chip Manufacturing
Elon Musk said Tesla and SpaceX may develop custom chipmaking equipment and plan to build and operate the proposed Terafab AI complex themselves.
TSLATSM
Jefferies Maintains Buy Rating on Insulet Shares
Jefferies kept its Buy rating on Insulet while cutting the stock’s price target from $275.00 to $190.00 per share, Benzinga reports.
InsuletPODD
Crédit Agricole Agrees to Acquire 100% of IKB Deutsche Industriebank
Crédit Agricole said it agreed to acquire 100% of IKB Deutsche Industriebank AG. The transaction is expected to close by end-Q2 2027.
Crédit AgricoleIKB Deutsche Industriebank AG
Amazon Weighs $7 Billion Decart Deal in New Nvidia Challenge
Amazon is considering a roughly $7 billion purchase of AI startup Decart, a move that could support AWS chips and intensify competition with Nvidia.
AmazonNvidiaAMZNNVDAAWSTrainium
HCLTech Posts Record $3.3B Deal Bookings in Strong Q2
HCLTech called its second quarter strong as record deal bookings reached $3.3 billion. The release provided no additional financial metrics.
HCLTech
Wall Street finishes mixed as oil jumps and earnings come into focus
US stocks ended mixed as oil moved above $106 after strikes on Riyadh, while investors awaited earnings, inflation figures and retail-sales data.
WTIBrentS&P 500Nasdaq CompositeDow Jones Industrial AverageUS interest rates
Hammack Backs Gradual Rate Moves to Keep Inflation in Check
Cleveland Fed’s Beth Hammack favors small, timely rate moves as inflation risks broaden; markets trim October hike bets after Fed officials signal caution.
SPYDIAQQQ