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Auto Stocks Slide As VW Cuts Outlook, Industry Urges Trump To Keep BYD Cars Out
Auto Stocks Slide As VW Cuts Outlook, Industry Urges Trump To Keep BYD Cars Out
Earnings pressure and trade-policy uncertainty are weighing on auto stocks on Friday.
Volkswagen shares fell as much as 7.5% after the struggling European automaker lowered its operating-margin forecast, reflecting a write-down on its Porsche stake and weak Chinese demand.
Separately, US auto industry groups urged the Trump administration to maintain restrictions on Chinese vehicles, according to a Bloomberg report.
"Allowing them to open a domestic facility would provide a foothold in the US market at the expense of...
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Nov 5, 2026 / Tyler Durden
Hormuz Oil Flows Unlikely To Return To Pre-War Levels, Rystad Says
Hormuz Oil Flows Unlikely To Return To Pre-War Levels, Rystad Says
Authored by Michael Kern via OilPrice,The United States and Iran could reach some form of a limited agreement by the middle of 2027, which would allow oil flows from the Strait of Hormuz to continue to gradually recover, but fundamental differences will remain, and the Middle East situation will remain far from normal next year, according to Rystad Energy."Achieving a comprehensive settlement would require addressing issues related to Iran's nuclear program, sanctions, Tehran-backed armed groups in the region, and...
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Jun 1, 2026 / Tyler Durden
Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going
Futures Rise Despite Oil Bounce, As Nvidia Keeps AI Euphoria Going
Futures are positive and at session highs even as the a lack of a US / Iran deal pushes oil prices, bond yields, and volatility higher. As of 8:00am ET, S&P futures are up 0.3% to a new all time high of 7620; Nasdaq futures rise 0.2%: the Computex AI Conference kicked off; biggest news is NVDA to enter PC space with a new chip challenging AMD / INTC, helping send its stock up 2.3%. Microsoft shares gain 3.1% after...
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Oct 29, 2026 / Dave DeCamp
Ghalibaf Says No Progress in US Talks Unless Iran’s ‘Seven Conditions’ Are Met
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Thursday that there would be no progress in negotiations with the US until the US accepts Iran’s “seven conditions,” comments that come amid reports that US Vice President JD Vance has sent a message to Mogsen Rezaei, the head of Iran’s Supreme National Security Council. “Iran’s conditions […]
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