Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
The companies plan to start robotaxi tests in Luxembourg in the coming months, before expanding to other parts of Europe next year.
Coca-Cola Plans $1 Billion IPO for Indian Bottling Unit Amid Rising Competition
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year.
India’s F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
Zepto closes $450-million round led by US pension fund Calpers; valuation hits $7 billion
The startup’s valuation grew to $7 billion after a financing round that drew existing backers Goodwater Capital and General Catalyst, the Bangalore-based startup said in a statement. The California Public Employees’ Retirement System became a shareholder via the pre-IPO funding.
Stocks making the biggest moves after hours: Novo Nordisk, Interactive Brokers, CSX and more
These are the stocks posting the largest moves in extended trading.
U.S. regulators toss out rules requiring banks to prepare for climate change
The Fed and others no longer believe the requirements are necessary as they are redundant with other provisions banks already make to plan for emergencies.
Stocks making the biggest moves midday: Snap-on, Triumph Financial, Micron & more
These are the stocks posting the largest moves midday.
Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move
The central bank policymaker indicated that he still expects his colleagues to vote for another quarter-point reduction.
Retail traders’ incredible support of the stock market continues with biggest options volume day ever
Citadel Securities’ Scott Rubner said Friday’s selloff resulted in over 108 million contracts traded, the largest options day in markets history.
Stocks making the biggest moves premarket: J.B. Hunt, Salesforce, Charles Schwab, Hewlett Packard Enterprise & more
These are some of the stocks seeing the largest moves before the market’s opening bell.