Core Viewpoint - Berkshire Hathaway is set to acquire Occidental Petroleum's chemical business, OxyChem, for $9.7 billion in cash, representing its largest acquisition since the $11.6 billion purchase of Precision Castparts in 2016 [1] Group 1 - The acquisition of OxyChem marks a significant strategic move for Berkshire Hathaway, enhancing its portfolio in the chemical sector [1] - The deal highlights Berkshire Hathaway's continued interest in the energy and chemical industries, reflecting a broader trend of consolidation in these sectors [1] - This transaction is expected to strengthen Berkshire Hathaway's operational capabilities and market position within the chemical industry [1]

US stock futures traded in the mixed territory on Thursday, with Dow futures slipping in red, while futures tied to Nasdaq and S&P 500Â rallied amid optimism over potential Federal Reserve rate cuts. ...

Tesco, Britain's largest supermarket group, raised its full-year profit forecast on Thursday after a strong first half in which hot weather and competitive pricing helped it win market share from rivals. The group, which holds 28. ...

Core Viewpoint - Tesco's share price remained stable after the company reported strong financial results and raised its outlook [1] Financial Performance - Tesco's share price was trading at 435p, showing a slight decrease from the year-to-date high [1]

Core Viewpoint - Alibaba's stock price has experienced a strong rally in Hong Kong following an increase in target price by JPMorgan analysts, marking the highest trading level since August 2021 [1] Group 1 - Alibaba shares have jumped for four consecutive weeks [1] - The stock is currently trading at its highest level since August 2021 [1]

Core Insights - Intel shares increased by 6% following reports of preliminary discussions to potentially onboard Advanced Micro Devices (AMD) as a customer for its chip-manufacturing operations [1] Company Developments - Intel is exploring a partnership with AMD, which could enhance its chip-manufacturing business and diversify its customer base [1] - The discussions indicate a strategic move by Intel to strengthen its position in the semiconductor industry [1] Market Reaction - The market responded positively to the news, reflected in the 6% rise in Intel's stock price [1]

Core Viewpoint - The announcement of a merger between semiconductor equipment makers Axcelis Technologies and Veeco Instruments has led to contrasting stock movements for the two companies, with Axcelis shares rising while Veeco's shares fell [1] Group 1: Company Actions - Axcelis Technologies and Veeco Instruments plan to merge in an all-stock transaction [1] - The merger is expected to create a larger entity in the semiconductor equipment sector, potentially enhancing market competitiveness [1] Group 2: Market Reactions - Following the merger announcement, shares of Axcelis Technologies increased, indicating positive investor sentiment towards the merger [1] - In contrast, Veeco Instruments experienced a decline in its stock price, suggesting investor concerns or skepticism regarding the merger [1]

Core Insights - QuantumScape's stock surged nearly 20% following the announcement of a strategic partnership with Corning Inc. [1] Company Summary - QuantumScape specializes in solid-state lithium batteries, which are considered a significant advancement in battery technology [1] - The partnership with Corning Inc. is expected to enhance QuantumScape's capabilities and market position [1] Industry Summary - The collaboration highlights the growing interest and investment in solid-state battery technology, which is crucial for the future of electric vehicles and energy storage solutions [1]

Core Viewpoint - The Federal Reserve's September meeting resulted in a 25 basis point reduction in interest rates, lowering the key Fed Funds rate to a range of 4.00-4.25% [1] Group 1: Interest Rate Changes - The Federal Open Market Committee (FOMC) decided to cut interest rates by 25 basis points [1] - The new Fed Funds rate is now set between 4.00% and 4.25% [1]

Mentions of Reddit Inc (NYSE: RDDT) on the artificial intelligence (AI) chatbot, ChatGPT, have dropped sharply – and investors are reacting. According to Promptwatch, Reddit content appeared in 2.0% o... ...