In this articleP911-DEThe 2026 Porsche Cayenne Electric SUVPorschePorsche on Wednesday revealed an all-electric version of its Cayenne SUV, calling it the "most powerful" production vehicle ever made by the German sports car manufacturer.The 2026 Cayenne EV is capable of 1,139 horsepower, 0-60 mph in 2.4 seconds and up to 1,106 foot-pounds of torque, according to Porsche. Its top speed is up to 162 mph, the company said. The car that previously had the title of "most powerful road-legal Porsche" was the Tay ...

During the third quarter, comparable sales rose 5%, far ahead of expectations of 3.7% growth, according to StreetAccount. Shares rose more than 2% in premarket trading. Here's how TJX performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: The company's reported net income for the three-month period that ended Nov. 1 was $1.44 billion, or $1.28 per share, compared with $1.30 billion, or $1.14 per share, a year earlier. Sales rose to $15.12 billion ...

Blue Owl has decided to call off the merging of two of its private-credit funds after the deal caused some angst among investors, according to people familiar with the matter. The firm had planned to merge its smaller, non-traded Blue Owl Capital Corporation II (OBDC II), into the larger, publicly traded fund Blue Owl Capital Corporation (OBDC). In doing so, the firm restricted investors in the $1.7 billion OBDC II from redeeming until the deal closed, even as the merger would have meant about 20% paper los ...

The Nvidia logo is displayed on a building at Nvidia headquarters on August 27, 2025 in Santa Clara, California.Justin Sullivan | Getty Images News | Getty ImagesThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. AI warsWall Street may be losing some of its excitement for artificial intelligence, but the battle among major technology companies for dominance in the field hasn't cooled. A ...

In an aerial view, a customer enters a Lowe's store on May 21, 2025 in Cotati, California.Lowe's on Wednesday posted a year over year sales increase for the quarter, but the company lowered its full-year profit outlook slightly to reflect a tougher economic backdrop.The home improvement retailer now expects full-year total sales to be $86 billion, up from its previous expectations of $84.5 to $85.5 billion, because of a recent acquisition. However, it said it expects comparable sales, an industry metric tha ...

Group 1: Market Sentiment - Global investor sentiment for artificial intelligence remains strong despite ongoing sell-offs in equity markets [1] - European and Asia markets have experienced consecutive losses, following the downward trend of U.S. markets, particularly affecting AI-related stocks [1] Group 2: U.S. Market Dynamics - U.S. stock futures showed little change as major indexes continued to decline, with AI stocks like Nvidia, Palantir, and Microsoft under pressure [2] - Analysts believe the current pullback is specific to the AI sector and not indicative of a broader bear market [2] Group 3: Investment Strategy - The current market situation presents an opportunity for investors to rebalance their portfolios, as many have seen good performance in AI stocks despite recent declines [2] - There is a consensus that the market has been in correction for six weeks, but this does not signify the end of the AI investment cycle [3]

Core Insights - Investment in artificial intelligence (AI) companies continues to grow, with Microsoft and Nvidia committing a total of $15 billion to Anthropic, an AI competitor to OpenAI [1] - Despite significant investments, major AI stocks like Nvidia, Amazon, and Microsoft have seen declines, contributing to a four-day losing streak for the S&P 500, the longest since August [1][2] - Google has introduced the third version of its AI model, Gemini, which aims to provide deeper insights rather than superficial responses [1] Company Developments - Microsoft and Nvidia's investment in Anthropic indicates a trend where established companies are backing AI startups while also securing business agreements for compute power [1] - Nvidia's upcoming earnings report is critical; failure to meet investor expectations could lead to further declines in the S&P 500 [2] Market Sentiment - Investor skepticism towards AI stocks persists, as evidenced by the recent performance of major companies in the sector [1] - The overall market reaction suggests a cautious outlook on AI investments despite ongoing funding and development in the industry [1]

Market Overview - European stocks are expected to open softly, with the U.K.'s FTSE index flat, Germany's DAX down 0.2%, France's CAC 40 down 0.11%, and Italy's FTSE MIB slightly higher [1] - Global markets are experiencing tension due to concerns over AI-related tech stocks and their valuations [2] Company Focus: Nvidia - Analysts anticipate Nvidia will significantly exceed Wall Street's expectations and forecast strong sales growth, driven by demand for its AI chips and infrastructure [3] - There is pressure on Nvidia to meet high investor expectations, as recent profit-taking in tech holdings reflects concerns that the AI boom has inflated valuations for Nvidia and other tech hyperscalers [3] Economic Indicators - U.K. inflation data for October is scheduled for release, alongside earnings reports from Sage Group, Severn Trent, and Smiths Group [4]

Core Viewpoint - EQT is significantly increasing its investment focus on Asia, identifying the region as a major growth engine with compelling opportunities in private equity and infrastructure [1][2]. Investment Strategy - EQT raised over $10 billion for its ninth Asia private equity fund, the BPEA Private Equity Fund IX, which has a target of $12.5 billion [3]. - The firm plans to invest approximately $930 million in Douzone Bizon, a South Korean enterprise software provider [3]. Market Trends - Other private equity firms, such as KKR, are also shifting focus to Asia, with half of their 2025 private equity capital returns expected to come from the region [5]. - EQT's Asia strategy is based on a strong local presence to exploit "structural alpha opportunities" due to market inefficiencies compared to the U.S. and Europe [6][7]. Regional Focus - While many investors are cautious about China, EQT sees potential in early-stage investments driven by domestic demand rather than cross-border flows [8]. - The firm emphasizes sectors such as services, software, education, and financial services, which are less affected by geopolitical tensions [8]. Performance Insights - In 2020, China represented over 50% of Asia-Pacific private equity deal value, but this share dropped to 27% in 2024 [9]. - EQT's performance has been largely independent of monetary cycles, with the firm not relying on falling interest rates for future success [10][11].

Core Insights - Tesla has received a permit to operate a ride-hailing service in Arizona, marking a significant step in its autonomous vehicle strategy [1] - The company aims to launch a commercial robotaxi service in Phoenix and other U.S. cities by the end of 2026, with plans to remove human safety drivers from its cars in Austin before the year ends [3] - Competitors like Waymo and Baidu are currently leading the robotaxi market, with Waymo operating over 400 autonomous vehicles and having completed more than 10 million driverless trips [4][5] Group 1: Tesla's Developments - Tesla applied for a "transportation network company" permit on November 13 and received approval shortly after [1] - The company has initiated a robotaxi pilot in Austin, Texas, and is conducting autonomous vehicle testing in Phoenix [2] - Tesla's goal is to operate a commercial robotaxi service in multiple U.S. cities by the end of 2026 [3] Group 2: Competitive Landscape - Waymo operates a significant commercial robotaxi service in Phoenix with at least 400 autonomous vehicles [4] - Baidu's Apollo Go service reported 3.1 million fully driverless rides in Q3 2025, showing a year-over-year growth of 212% [5] - Tesla's CEO, Elon Musk, has made ambitious claims about achieving full autonomy, but the company has yet to meet its previous goals [5][6]