Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace

Key Points

Xpeng reported an eighth-straight month of more than 30,000 monthly vehicle deliveries amid a fierce price war in China.
Xpeng’s U.S.-listed rivals, which target a more premium segment of China’s car market, saw more modest sales momentum.
BYD remained the market giant, with its passenger car sales edging higher in June to 377,628 vehicles.

Source

Finance

Stocks making the biggest moves midday: Qualcomm, Fermi, Dyne Therapeutics, Organon, Snowflake and more

October 27, 2025

Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia […]

Finance

Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues

October 27, 2025

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A […]

Finance

Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year

October 27, 2025

Key Points Treasury Secretary Scott Bessent confirmed that the list of candidates to replace Federal Reserve Chair Jerome Powell has been winnowed down to five. President Donald Trump told reporters that he anticipates naming a replacement by the end of the year. Powell’s term doesn’t expire until May. Source