Meta Platforms, Icahn Enterprises, Fisker rise premarket; FMC falls
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- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
Goldman Sachs starts Xpeng (XPEV) at Buy, expects rise in margins and overseas volumes
July 11, 2023 11:03 AM EDTGoldman Sachs initiated coverage on Chinese electric automaker, XPeng (NYSE: XPEV) with a Buy rating and a 12-month price target of $18.10 as analyst Tina Hou expects Chinese auto OEMs overseas sales volume to rise from 2.7mn to 8.5mn in 2022-2030E, driven by leading technology and product competencies of Chinese EV models.
In the... More
Mercedes-Benz doubles EV sales in 2Q
July 11, 2023 9:48 AM EDTGerman luxury automaker, Mercedes-Benz released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last year. According to Mercedes, Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales more than doubling (123%) to reach 56,300... More
OTR Global Comments on Meta Platforms (META)
July 11, 2023 9:29 AM EDTOTR Global Comments on Meta Platforms (NASDAQ: META)
Said to have commented positive on ad spending growth in Q2 2023... MoreIcahn Enterprises L.P. (IEP) confirms updated term loan agreement between Carl Icahn and banks
July 10, 2023 9:04 AM EDT(Updated - July 10, 2023 9:06 AM EDT)
Icahn Enterprises L.P. (NASDAQ: IEP) disclosed:
On July 10, 2023, Carl Icahn and certain of his affiliates entered into a three-year term loan agreement (the Loan Agreement) with certain bank lenders, which amends and restates previous loan agreements with the lenders and consolidates all borrowings of Mr. Icahn. Neither Icahn Enterprises L.P. ( IEP) nor any of its subsidiaries is a party to the Loan Agreement or the previous loan... More

