TSLA rival cuts workforce...

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💰 Featured News

US job growth misses expectations in October as labor market slows - Reuters

Chinese Tesla rival Nio cuts 10% of workforce as CEO predicts 'intense competition' - CNBC

Ozempic and other weight-loss drugs will power the anti-obesity market to 16-fold gains by 2030, Goldman Sachs says - Business Insider

Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion - CNBC

Apple concerns grow as China market weighs on earnings, plus lackluster new iPhone sales - Yahoo Finance

GM cancels 1,245 layoffs at factories in Brazil, union says - Reuters

Astra defaults on debt agreement, warns it may not be able to raise needed cash - CNBC'

Walmart shares hit all-time high, as retailer's value focus attracts shoppers and investors - CNBC

Tesla raises wages by 4% for German workers amid union pressure - Reuters

BofA notifies customers of temporary industry-wide deposit delays - Reuters

Citi weighs shutting municipal-bond trading business - Bloomberg News

WeWork Bankruptcy Would Deal Another Blow to Ailing N.Y. Office Market - NY Times

🇬🇧🇨🇳🇲🇽🇿🇦 International

Ryanair forecasts record annual profit, promises regular dividend as fares soar - Reuters

UK banking giant Barclays sued over ex-CEO Jes Staley's ties to Jeffrey Epstein - NY Post

Fitch follows S&P in cutting Orsted's outlook - Reuters

BMW: we have "no interest" in sinking prices to gain market share - Reuters

NTT to develop driverless vehicles with Toyota, invest $67 million in startup - Nikkei

Ant Group wins approval to release AI products to Chinese public - Reuters

Foxconn says October sales down 4.56% y/y - Reuters

China EV maker BYD to build first Europe plant in Hungary - Reuters

🤝 Mergers and Acquisitions

Ford buys EV charging startup in bid to help rescue its electric dreams - Business Insider

Italian telecom TIM approves acquisition offer by KKR investment fund - Market Watch

Carlyle to sell Japanese cosmetics supplier Tokiwa in $1 bln deal -sources - Reuters

UPDATE: Korro Bio and Frequency Therapeutics Announce Closing of Merger and Private Placement of $117 Million - GlobeNewsWire

The Ensign Group Acquires Post Acute Care Campus in Texas - GlobeNewsWire

Healthwell Acquisition Corp. I Announces Termination of Business Combination with Starton Therapeutics, Inc. - Business Wire

Travelers to Acquire Corvus Insurance - Business Wire

💼 Executives

Target CEO on consumer spending: 'They're buying less stuff' - Fox Business

Enbridge CEO: Companies structured to create dividends will be rewarded - Enbridge

Booking CEO Says People Love to Travel. Investors Shouldn't Bet 'Against Human Nature. - Barrons

Block CFO on blowout Q3 as top and bottom lines beat estimates - CNBC

We've seen the most home price cuts since 2015, says Redfin CEO Glenn Kelman - CNBC

Microchip CEO: We're going through classic inventory correction amplified by macro concerns - CNBC

📈 Earnings

Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance - CNBC

Coinbase's Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed - TechCrunch

Restaurant Brands' revenue misses estimates, hurt by Burger King's underperformance - CNBC

Paramount narrows streaming loss forecast as investments peak - Reuters

FuboTV stock flies toward a 3-month high after revenue beat, as paid subscribers jump to a record - Fubo TV

Carvana Stock Soars On Earnings Surprise, Key Profit Metric Swells - Investors Business Daily

Cloudflare Earnings Beat. NET Stock Reverses Up Amid Light Revenue Outlook. - Investors Business Daily