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Shares of Tesla dropped nearly 9% following its robotaxi event, which left investors disappointed with the lack of details on how the company will compete against ride-sharing giants like Lyft and Uber. On the other hand, Lyft and Uber saw their Stocks surge by more than 9% and nearly 11% respectively after the event. Wells Fargo’s stock rose over 5% after reporting better-than-expected profits for the third quarter. JPMorgan Chase shares jumped more than 4% following the bank’s impressive third-quarter results. Symbotic’s stock rose 8.8% after announcing a deal with Walmex to deploy warehouse automation systems. Fastenal’s stock advanced nearly 10% on stronger-than-expected third-quarter earnings. Affirm’s shares moved up 12% after receiving an upgrade from Wells Fargo. Bank of America’s stock rose about 5% despite Warren Buffett’s stake reduction. Stellantis saw a more than 2% decline after announcing major shake-ups within the company, including the departure of the finance chief. BlackRock’s shares climbed over 3% after beating analysts’ expectations for the third quarter. Kinder Morgan’s stock jumped more than 4% following an upgrade from Bank of America. Ferrari’s stock rose approximately 3.5% after receiving an upgrade from JPMorgan. Bank of New York Mellon’s stock dropped 0.4% despite issuing a stronger-than-expected quarterly report.
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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.
