Financial & Business News

WTI crude oil hovers at $71 as rising demand from China and India supports prices. Geopolitical tensions heighten supply disruption concerns.

Rolls-Royce CEO Tufan Erginbilgic sat down with Bloomberg's Francine Lacqua in one-to-one conversion in London to talk range of topics from the company's growth trajectory, supply issues, defense and turnaround to Boeing with the arrival of new CEO. -------- More on Bloomberg Television and Markets Like this video?

Nutanix is set to gain significant market share from VMware due to Broadcom's changes, with a 'Strong Buy' rating and a $90 target price. Nutanix's strong ACV and ARR growth is driven by partnerships with Dell, Cisco, and Nvidia, and its solutions on Azure and AWS platforms. Nutanix's up-market focus and new AI offerings are expected to accelerate revenue growth, with a projected 18% organic revenue increase.

Italian lender UniCredit said on Monday it has offered to buy rival Banco BPM in a stock deal valued at about 10.09 billion euros ($10.57 billion).

Borr Drilling sold off on news that Aramco is suspending one of its rigs. The sell-off is perhaps amplified by the Oslo de-listing as certain institutional holders can no longer own the stock. Despite the worries, Borr Drilling is expected to generate 20% FCF yield next year under conservative assumptions.

Abbott has a very stable gross profit margin, while the company's revenue and return on invested capital could be more consistent. The company has increased their dividend for more than 50 years and should announce their 53rd dividend increase in December. Considering ABT is trading for a slight premium and has a long-term expected rate of return of 8%, potential investors will need to be patient.

Goldman Sachs predicts a 3% annual return for the S&P 500 over the next decade, making income-focused strategies like RDTE's covered call ETF appealing. RDTE offers a high dividend yield with weekly distributions but lacks underlying equities, relying on synthetic covered call strategies, which may limit price stability. RDTE's heavy reliance on return of capital for distributions raises concerns about the sustainability of its high yield and potential for future dividend cuts.

Canoo stock price has collapsed this year, raising concerns that the electric vehicle company may be about to collapse. GOEV shares have crashed by over 53% in the last 30 days and 92% this year, bringing its market cap to about $43 million.

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LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced it will receive a new shipment of 100 sets of Fuji vehicle body parts for FF 91 2.0 production. The Company continues to work to optimize its global supplier network. In tandem, the readiness of the first Faraday X (FX) prototype mules for shipment to the U.S. demonstrates th.