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Lilium, a Germany-based air taxi startup, saw its U.S.-listed shares plummet by over 57% after announcing that its main subsidiaries would be filing for insolvency in the coming days. This news caused shares to trade around 25 cents on Thursday afternoon. On the flip side, Tesla’s stock surged more than 20% following a third-quarter profit beat, with CEO Elon Musk predicting a 20% to 30% growth in vehicle production by 2025. Newmont experienced a more than 14% drop in shares due to weaker-than-expected third-quarter earnings. QuantumScape, a battery manufacturer, saw a 23% increase in its stock price after reporting third-quarter results matching expectations. Molina Healthcare, a managed care company, witnessed a 21% rally in shares after exceeding quarterly earnings estimates. Whirlpool’s shares jumped around 14% after surpassing third-quarter expectations. West Pharmaceutical Services also saw a 17% surge in shares after beating third-quarter expectations. CBRE Group hit a 52-week high with a 9% increase in shares following a strong third-quarter performance. Raymond James Financial rose by 7% after posting better-than-expected fourth-quarter earnings. Northrop Grumman advanced by 2% after reporting an earnings beat. ServiceNow, a software company, saw a more than 5% increase in shares after exceeding third-quarter revenue expectations. Mattel’s stock rose by 4% after surpassing earnings per share estimates for the third quarter. Boeing’s stock slipped by roughly 2% after Boeing machinists voted against a new labor contract, prolonging a strike that has been ongoing for over five weeks. Lastly, International Business Machines (IBM) saw its shares tumble by about 7% following disappointing third-quarter revenue that fell short of analysts’ expectations.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.