Brazil ETF Plunges 26% After Lula’s Surprise Reelection
Brazil’s EWZ ETF falls 26% in U.S. premarket trading after Lula wins reelection, as investors await the domestic market opening and a legal challenge.
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Brazil’s EWZ ETF falls 26% in U.S. premarket trading after Lula wins reelection, as investors await the domestic market opening and a legal challenge.
Alphabet, Microsoft and Amazon report this week as investors weigh cloud growth, AI spending and cash flow alongside the Federal Reserve’s rate decision.
Audi plans a $4 billion Georgia SUV factory with 4,500 jobs and full production in 2031, while Volkswagen’s corporate approval remains outstanding.
Booz Allen raises its fiscal 2027 adjusted earnings outlook after stronger quarterly profit, while revenue falls and cash flow remains below last year’s level.
SLB reports higher third-quarter revenue and $828 million in free cash flow as oilfield activity improves, while its data center business adds a separate growth driver.
Munich Re lifts its full-year profit forecast after preliminary third-quarter earnings of about €1.7 billion exceeded expectations, helped by lower major claims.
Roche agrees to license Zymeworks’ experimental ZW209 cancer treatment for $55 million upfront, with further payments tied to development and commercial milestones.
Frasers crosses the 50% ownership threshold at Hugo Boss, bringing the German fashion group into its consolidated accounts while minority investors retain their shares.
Nvidia’s cloud-capacity commitments and conditional guarantees face scrutiny as CoreWeave and other neoclouds suffer a selloff.
American Express plans to cut about 5% of its workforce as it prepares for AI, joining Barclays and Netflix in a broader push to reshape staffing.
Tesla, SpaceX, xAI, X, Neuralink and Boring form a connected business universe. A merger would reshape its ownership and the financing risks investors carry.
Apple begins worldwide iPhone Duo sales after AAPL reached a record $348.36, putting demand for its $1,999 foldable and holiday deliveries in focus.