Luxury carmaker Aston Martin on Monday warned of a deepening annual loss due to weaker than expected demand in North America and Asia Pacific and the impact of US tariffs, sending shares 10% lower.The company said that its annual loss will now exceed 110 million pounds ($147.81 million), marking a sharp deterioration from July, when Aston Martin first warned that tariffs had been “extremely disruptive” and forecast adjusted operating profit would roughly break even this year compared with earlier expectatio ...

Core Insights - AMD has secured a deal to supply OpenAI with hundreds of thousands of AI chips, potentially granting OpenAI a 10% stake in AMD [1][5] - AMD's stock surged by 27%, adding nearly $80 billion to its market capitalization following the announcement [1][3] - The agreement includes a significant deployment of six gigawatts of power, sufficient to supply 5 million US households, starting in the second half of 2026 [1][3] Financial Implications - The deal is projected to generate tens of billions of dollars in revenue for AMD while enhancing OpenAI's AI infrastructure capabilities [3][4] - OpenAI's CEO highlighted the partnership as a crucial step in building the necessary compute capacity for AI development [3][4] Strategic Developments - OpenAI plans to establish a one-gigawatt facility utilizing upcoming AMD Instinct MI450 chips, with the project commencing next year [4][6] - AMD has issued OpenAI a warrant for up to 160 million shares of common stock, contingent on achieving specific milestones [4][5] Competitive Landscape - This partnership is one of the largest GPU deployment agreements to date and aims to diversify OpenAI's supplier base, reducing its dependence on Nvidia [6][11] - Nvidia's shares fell by 1.1% following the announcement, indicating potential market shifts due to AMD's new role [6][11] Broader Industry Trends - OpenAI is also negotiating with Broadcom for custom chips for its next-generation GPUs, reflecting a trend towards a more complex supply chain in the AI sector [7][9] - The collaboration aligns with a larger initiative, reminiscent of the $500 billion Stargate project aimed at rapidly developing AI infrastructure in the US [9][10]

Core Insights - Firefly Aerospace is acquiring SciTec for approximately $855 million, funded by $300 million in cash and $555 million in Firefly shares, with the deal expected to close by the end of the year [1][4][6] - The acquisition aims to enhance Firefly's space services by integrating SciTec's defense software analytics, which includes missile warning, tracking, and defense capabilities [4][6] - The deal positions Firefly to capitalize on increasing investor interest in military and civil space programs amid rising geopolitical tensions [6] Company Developments - Firefly's valuation reached $9.84 billion following a nearly 56% surge in its Nasdaq debut, marking the largest US listing by a space tech firm in 2023 [2] - SciTec will operate as a unit of Firefly under its current CEO, Jim Lisowski, post-acquisition [4][6] - Firefly has faced challenges, including a bankruptcy in 2017 and a recent testing mishap that destroyed its Alpha rocket booster [6][7]

The Trump administration’s decision to halt fully permitted offshore wind energy projects is “very damaging” to investment, Shell US President Colette Hirstius told the Financial Times in a report published on Sunday.Hirstius told the newspaper that energy projects with proper permits should be allowed to continue and warned the political pendulum in the US could eventually swing back against the oil and gas sector.“I think uncertainty in the regulatory environment is very damaging. However far the pendulum ...

Group 1 - Paramount Skydance's CEO David Ellison is attempting to persuade David Zaslav to sell Warner Bros. Discovery (WBD), leveraging the expertise of new hire Makan Delrahim, a former antitrust chief [1][2] - Delrahim's strategy includes highlighting the potential consequences for Zaslav if he does not sell, referencing the recent sale of Paramount's media empire for $8 billion after delays [2] - Zaslav has engaged Goldman Sachs to explore selling WBD, indicating interest from major players like Netflix, Amazon, and Apple, which complicates Ellison's bid [3][6] Group 2 - Warner Bros. has achieved significant box office success, being the first studio to earn $4 billion in 2023, and HBO Max is profitable with strong subscriber growth [5] - Zaslav is actively reducing debt from the TimeWarner acquisition and restructuring the company to facilitate a potential sale, separating cable channels from streaming and studio operations [5][6] - Zaslav is reportedly seeking a bid in the $30 range for WBD's streaming and studio assets, significantly higher than the $22 to $24 per share that Ellison is rumored to be preparing [7][12] Group 3 - Delrahim's assessment suggests that potential buyers like Netflix and Amazon face regulatory hurdles, particularly due to existing consent decrees and antitrust scrutiny [10][11] - Apple is also seen as a less likely suitor, as it prefers to build content organically rather than through acquisitions [11] - The dynamics of the deal-making process are complicated by Zaslav's experience and connections, including his mentorship under notable figures in the industry [12][13]

Core Viewpoint - USA Rare Earth is experiencing significant stock price growth due to discussions with the Trump administration regarding potential government support, highlighting the company's strategic importance in the rare earth elements sector [1][3]. Company Summary - USA Rare Earth shares surged over 18% to $32.45, resulting in a market capitalization of $2.59 billion, with the stock more than doubling in value this year [1][12]. - The company is developing a rare earth mine in Sierra Blanca, Texas, and a magnet plant in Stillwater, Oklahoma, both expected to commence operations in the first half of 2026 [12]. - CEO Barbara Humpton indicated that the company is in "close communication" with the White House, suggesting ongoing negotiations for federal investment [3][9]. Industry Context - Rare earth elements, crucial for electric vehicles, smartphones, and military hardware, are predominantly produced by Chinese manufacturers [12][15]. - The U.S. government has taken steps to enhance domestic production of critical minerals, particularly after trade disputes with China that affected rare earth exports [7]. - Recent government investments in companies like Lithium Americas and MP Materials aim to strengthen supply chains and reduce reliance on Chinese sources [4][14].

Core Points - Nissan is recalling over 19,000 vehicles in the US due to a potential fire risk associated with lithium-ion batteries during rapid charging [1][3] - The recall specifically affects certain 2021-2022 LEAF SUVs equipped with a "Level 3" quick-charge port, with an estimated 1% of the recalled vehicles, or 191 LEAFs, having the defect [1][3] - The lithium-ion batteries may have excessive lithium deposits, leading to increased electrical resistance and rapid heating, which poses a fire risk [3] Company Actions - Nissan advises owners to refrain from using the "Level 3" quick charge function until the vehicles can be serviced at a dealer, where battery software updates will be provided at no cost [4] - Notifications to vehicle owners regarding the safety risk are expected to be mailed on October 24, with follow-up communications once the fix is available [5] - The defective batteries were manufactured in Smyrna, Tennessee [5]

Goldman Sachs CEO David Solomon on Friday warned that an AI investment frenzy may be overdone – and that stock markets are due for a “drawdown”.Major US stock indexes have notched record high after record high this year on the promise of artificial intelligence, but there’s a good chance that not all of those investments will deliver big returns, Solomon said during Italian Tech Week in Turin, Italy, on Friday.He noted that the internet craze of the late 1990s and early 2000s drew a frenzy of investment in ...

Cracker Barrel is ending its partnership with Prophet, the consulting firm behind its failed rebrand.The chain faced intense backlash after unveiling a new logo and redesigned stores that longtime fans said stripped away what they loved most about the brand.Cracker Barrel’s restaurants, long known for their kitschy Americana décor, were recast in a style critics called drab and soulless.The uproar grew after the company dropped its iconic logo of an elderly man leaning on a barrel.A March press release said ...

Group 1 - NBC News has begun laying off staff from its London bureau as part of a restructuring process ahead of its separation from MSNBC and CNBC [1][10] - The initial layoffs have created anxiety within the newsroom, with speculation about further job cuts [2][4][7] - NBC News will cease collaboration with MSNBC, with journalists no longer appearing on the channel starting Monday [10] Group 2 - The restructuring is linked to Comcast's decision to spin off cable assets and digital brands into a new company called Versant, which will be publicly traded [11][12] - Versant will include major cable channels and digital properties, and will focus on independent programming after a transition period [12] - NBCUniversal, which retains NBC News, will concentrate on streaming, studios, and theme parks, while facing challenges such as declining cable profits and approximately $1 billion in debt [15][16]