U.S. shopper plays in China are much more than coffee and iPhones. Shares to watch
Finance
Chinese robotaxi company Pony.ai to work with Stellantis on Europe expansion
Key Points Pony.ai’s Luxembourg unit and Stellantis said Friday they will work together on testing robotaxis for Europe. The companies will start testing in Luxembourg in the coming months, before expanding to other parts of Europe next year. The agreement comes as Waymo this week announced plans to start testing robotaxis in London. Source
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Finance
Stocks making the biggest moves after hours: Novo Nordisk, Interactive Brokers, CSX and more
Check out the companies making headlines in after-hours trading. CSX Corporation — Shares of the railroad jumped 2% on the back of its strong quarterly results. CSX reported adjusted earnings of 44 cents per share on revenue of $3.59 billion for its third quarter, just beating analysts’ earnings expectations of 42 cents per share on […]
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Finance
U.S. regulators toss out rules requiring banks to prepare for climate change
Key Points Regulators are doing away with controversial regulations that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday. Trump administration officials have criticized the Fed for falling prey to mission creep, or exceeding the scope of its mandates for monetary policy and bank supervision. Source
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