Hertz pulls back on EV...

Good Morning!

This is Market Mornings. The fastest way to get the most important stock market news each day. Just the headlines, none of the other nonsense. Read by over 10,000 professional investors from firms like Goldman Sachs, Centerview, JPM, Qatalyst, and more!

💰 Featured News

Amazon's cloud group becomes more profitable but misses on top line - CNBC

GDP report shows US economy grew a strong 4.9% in the latest quarter as Fed mulls rate hikes - NY Post

Uber begins offering rides in self-driving Waymo cars - CNBC

Intel stock rises on earnings beat after cutting expenses - CNBC

Barbie sales surged 14% after blockbuster movie release, Mattel says - NY Post

US auto safety agency investigating two new GM Cruise crash reports - Reuters

Ford withdraws 2023 forecast, warns on EV results - Reuters

Buffett's Berkshire is sued by Haslam family over Pilot truck stop takeover - Reuters

M&A Hit Multi-Year Low, S&P Global Market Intelligence Quarterly Report Finds - PRNewsWire

Mastercard forecasts weaker revenue growth on economic slowdown fears - Reuters

Eli Lilly's bowel disease drug gets US FDA's approval in adults - Reuters

🇬🇧🇨🇳🇲🇽🇿🇦 International

ECB clears 2.5 billion UniCredit share buyback tranche - Reuters

Michelin winds down tire production at Ardmore, cuts 1,400 jobs - Reuters

Siemens Energy shares slide 32% after company seeks support from German government - CNBC

Shares of Tencent-backed J&T Express fall in Hong Kong debut - CNBC

US-China tensions will slow global chip industry, TSMC founder says - Reuters

PS5 is fully stocked for first time and on track for record sales this year, top Sony exec says - CNBC

Battery maker warns demand could slow for EVs as GM-Honda partnership falls apart - Fox Business

Chinese smartphone maker Xiaomi releases a new operating system as it plans car integration - CNBC

🤝 Mergers / Acquisitions / Partnerships

Tesla gets $100 mln US ultra-fast charger order from BP EV charging unit - Reuters

Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals - Reuters

Western Digital Drops on Report Kioxia Merger Talks Have Ended - Barrons

SQM acquires Azure Minerals for about $1.03 billion - Kitco

Shares of UFC owner Endeavor jump as firm could be taken private again - NY Post

💼 Executives

Morgan Stanley's new potty-mouthed CEO also a ‘party animal': sources - NY Post

Hertz CEO says company will continue to add electric vehicles to its fleet, despite issues - CNBC

Mattel Q3 earnings exceeds expectations, CEO talks Barbie success, consumer demand, growth outlook - Yahoo Finance

Meta reports record sales, CEO Mark Zuckerberg: Threads has almost 100 million monthly users - Yahoo Finance

Hershey CEO talks weight loss drug concerns in earnings call - Yahoo Finance

Otis CEO on interest rates: 'We've hit a level where people are questioning investment' - Yahoo Finance

📈 Earnings

Amazon's advertising revenue tops $12 billion in the third quarter - CNBC

Comcast investors focus on lack of broadband growth as shares slump - CNBC

Hertz pulls back on EV plans citing Tesla price cuts, high repair costs - CNBC

Southwest Airlines Earnings Sink on Rising Fuel and Labor Expenses - Investopedia

UPS stock falls after delivery giant cuts revenue outlook - CNBC

Chipotle Mexican Grill easily tops earnings estimates, as price hikes help to offset higher food prices - CNBC

Royal Caribbean lifts annual profit target again on steady cruise vacation demand - Fox Business

Harley-Davidson profit hit by slowing demand - Reuters

Marlboro maker Altria reports declining revenue, citing competition from illicit e-vapor products - CNBC

Capital One beats profit estimates on interest income boost - Reuters

Hasbro cuts annual sales outlook on weaker toy business - Reuters