Trading volume on the Prague stock exchange reached a record CZK 5.17 billion on Tuesday, the highest level since the Xetra trading system was introduced in 2012. The surge underscores a notable spike in local market activity. #Prague #CzechMarkets #FiatNews
China Evergrande Group was delisted from the Hong Kong stock exchange, marking another chapter in the developerβs collapse and underscoring deep, lasting damage in Chinaβs property sector since its crisis. The delisting cements Evergrandeβs fall from a former market giant. #Evergrande #FiatNews
A DOJ probe into UnitedHealth has broadened beyond Medicare to include the companyβs prescription drug management services and how it pays expenses to its own physicians, Bloomberg sources report. The investigationβs wider scope increases potential legal and regulatory scrutiny. #UnitedHealth #FiatNews
Colt CZ Group agreed to acquire Synthesia Nitrocellulose from Kaprain for CZK 22 billion. Synthesia Nitrocellulose is a major global producer of energetic nitrocellulose, used in propellants and ammunition. Billionaire Karel PraΕΎΓ‘k will become the group's third-largest shareholder after the deal. #ColtCZ #FiatNews
GDP for the second quarter was revised up to 2.6% year-on-year (from 2.4%), while quarter-on-quarter growth slowed modestly to +0.5% q/q from earlier readings of 0.7% and 0.8%. The revisions reduce prospects for further sizable rate cuts in the near term. #GDP #FiatNews
US GDP for Q2 was revised up to an annualized 3.3% growth, three tenths higher than the late-July estimate. The upward revision adds to evidence of stronger-than-expected US economic momentum in the quarter and will factor into monetary and market assessments. #USGDP #FiatNews
Cloud data platform Snowflake beat quarterly expectations and its shares jumped by double digits after the results. The companyβs stronger-than-expected performance contrasted with mixed reactions in the tech sector, where some peers disappointed on key metrics. #Snowflake #FiatNews
Nvidiaβs revenue growth is slowing and its Data Center sales narrowly missed estimates, the company reported for its second fiscal quarter. Market reaction is likely to be negative as investors digest the slowdown in the AI-driven growth narrative despite the firm topping broader Wall Street expectations. #Nvidia #FiatNews
Teslaβs European deliveries fell sharply in July, the seventh consecutive monthly decline, while Chinese rival BYD posted strong growth on the continent. The divergence highlights intensifying competition in EV markets and a shifting balance among global manufacturers. #Tesla #BYD #FiatNews
Chinaβs rapid rise in electric vehicles is reshaping the global auto market, catching many by surprise. Chinese EV makers have scaled quickly in production, sales and exports, prompting reassessments of competitive dynamics worldwide and challenging incumbent manufacturers. #China #EVs #FiatNews
