Charter Communications reported a larger-than-expected decline in broadband subscribers for the third quarter on Friday, as the U.S. broadband and cable TV provider grapples with intense competition f... ...

AbbVie raised its 2025 profit forecast on Friday, after strong sales of newer immunology drugs Skyrizi and Rinvoq helped boost third-quarter results above Wall Street estimates. ...

Core Viewpoint - Data storage companies like Seagate and Western Digital have significantly outperformed the broader market this year due to the high demand for hard drives driven by the global race to scale data storage capabilities [1] Group 1: Company Performance - Shares of Seagate and Western Digital have shown sharp increases, indicating strong market performance [1] - The demand for hard drives has surged, contributing to the positive performance of these companies [1] Group 2: Industry Demand - There is a staggering demand for hard drives globally, which is a key factor in the growth of data storage companies [1] - The ongoing global race to scale data storage capabilities is fueling this demand, highlighting the industry's growth potential [1]

Analysts are holding their oil price forecasts largely unchanged as rising OPEC+ output targets and lacklustre demand offset geopolitical risks to supply, a Reuters poll showed on Friday. ...

Core Insights - Erste Group Bank raised its annual targets following third-quarter results that exceeded expectations, driven by loan growth and reduced customer deposit costs, resulting in a record high for its shares [1] Financial Performance - The third-quarter results showed significant loan growth, which contributed positively to the bank's performance [1] - Lower customer deposit costs also played a crucial role in enhancing the bank's financial results [1] Market Reaction - The positive earnings report and raised targets led to Erste Group Bank's shares reaching a record high [1]

Core Viewpoint - Dexcom shares fell 12% in premarket trading due to executives indicating that the company's 2026 growth forecast may not meet Wall Street expectations [1] Company Summary - Dexcom is a medical device maker that specializes in continuous glucose monitoring systems [1] - The decline in share price reflects investor concerns regarding future growth potential [1] Industry Summary - The medical device industry is facing scrutiny as companies adjust growth forecasts amid changing market conditions [1] - Investor sentiment in the sector may be influenced by individual company performance and guidance [1]

Core Viewpoint - Apple shares experienced a premarket increase of approximately 2% following positive forecasts for the upcoming holiday quarter, indicating a sales rebound driven by the latest iPhone 17 models despite shipping delays [1] Group 1 - The forecasts for the holiday quarter are optimistic, suggesting strong sales performance [1] - The latest iPhone 17 models are a key factor in the anticipated sales rebound [1] - Shipping delays have been noted, yet they have not significantly impacted the positive outlook [1]

Core Insights - Nissan and UK software firm Monolith have extended their partnership to utilize artificial intelligence in reducing physical testing for vehicles, aiming to shorten development times for new cars [1] Company Summary - Nissan is focusing on leveraging artificial intelligence to enhance efficiency in vehicle development processes [1] - Monolith, as a software partner, plays a crucial role in providing AI solutions that support Nissan's objectives [1] Industry Summary - The automotive industry is increasingly adopting artificial intelligence technologies to streamline development and testing processes, reflecting a broader trend towards innovation and efficiency [1]

Core Insights - Exxon Mobil exceeded Wall Street expectations for third-quarter earnings, driven by increased oil and gas production in Guyana and the Permian Basin, which compensated for lower oil prices [1] Group 1: Earnings Performance - The company reported third-quarter earnings that surpassed analyst forecasts [1] - Higher production levels in key regions contributed significantly to the earnings performance [1] Group 2: Production Highlights - Increased oil and gas production in Guyana played a crucial role in supporting earnings [1] - The Permian Basin also contributed to the overall production increase, helping to mitigate the impact of declining oil prices [1]

Chevron beat analyst estimates on Friday as record oil and gas production, boosted by its $55 billion acquisition of Hess, and stronger refining margins lifted the No. 2 U.S. oil producer's results fo... ...