Core Viewpoint - Fortive raised its annual profit forecast after exceeding third-quarter sales and profit estimates, driven by strong demand for its industrial automation software technology, resulting in a 10% increase in its shares [1] Group 1 - Fortive's third-quarter performance surpassed sales and profit expectations [1] - The company experienced robust demand for its industrial automation software technology [1] - Following the positive earnings report, Fortive's shares rose approximately 10% [1]

Oct 29 (Reuters) - Investment banking giant Morgan Stanley said on Wednesday it will buy private shares platform EquityZen, as Wall Street races to meet growing investor demand for stakes in fastgrow... ...

Nvidia on Wednesday became the first company to breach $5 trillion in market value, continuing a meteoric rise that has firmly positioned it at the heart of the global AI revolution. ...

Core Insights - Garmin has raised its adjusted profit forecast for the year, indicating a positive outlook despite challenges in certain segments [1] Financial Performance - The company reported a rise in operating expenses, which may impact overall profitability [1] - There was a decline in quarterly revenue specifically from its outdoor and auto units, suggesting potential weaknesses in these segments [1]

Core Viewpoint - The head of AerCap highlighted an acute supply shortage of widebody jets, indicating that Boeing and Airbus are unlikely to exceed their previous production peaks [1] Group 1: Company Insights - AerCap, as the world's largest aircraft leasing company, is directly impacted by the supply constraints in the widebody jet market [1] - The statement from AerCap's leadership suggests a potential opportunity for aircraft leasing companies to capitalize on the limited availability of new jets [1] Group 2: Industry Trends - The aircraft manufacturing industry, particularly Boeing and Airbus, is facing challenges in ramping up production to meet demand, which may affect the overall supply chain dynamics [1] - The acute supply situation may lead to increased leasing rates and demand for existing aircraft in the market [1]

Core Insights - Lockheed Martin is investing $50 million in Saildrone, a sea drone manufacturer, to enhance its surveillance drones with missile capabilities [1] Company Summary - The investment marks the first instance where long-distance autonomous ships will be equipped to carry missiles [1]

Core Insights - AerCap, the world's largest aircraft lessor, raised its full-year earnings guidance after reporting record gains from aircraft sales in the third quarter [1] Financial Performance - The company experienced significant financial success, leading to an upward revision of its earnings forecast for the year [1] - Record gains were attributed to the sale of aircraft, indicating strong demand and favorable market conditions [1]

Core Insights - Microsoft CEO Satya Nadella is scheduled to visit India in December, marking his second trip to the country this year [1] - The visit will include meetings with high-ranking government officials, indicating a focus on strengthening ties with the Indian government [1] Company Activities - Nadella's upcoming visit highlights Microsoft's ongoing commitment to the Indian market and its strategic importance [1] - The meetings with government officials may lead to potential collaborations or initiatives that could benefit Microsoft's operations in India [1]

China's Sinopec reported on Wednesday a 32% year-on-year decline in net income for the first three quarters due to lower oil prices and weaker fuel sales. ...

Data analytics firm Verisk Analytics cut its annual revenue forecast below Wall Street estimates on Wednesday, sending shares down 8.7% in premarket trading. ...