IN THE NEWS
Benzinga
The foundations of industry — every industry — are cracking under the weight of invasive robots. From retail to health care to security to agriculture, autonomous technology and artificial intelligence are changing the game: Link
The autonomous driving startup nuTonomy — which received seed funding from the mobility-focused, Detroit-based venture capital fund Fontinalis Partners — is being acquired by Delphi Automotive PLC DLPH in a $450 million deal: Link
Advanced Micro Devices, Inc. AMD shares took a hit following the company’s third-quarter earnings release, despite an earnings and sales beat: Link
Wall Street Journal
The fault lines within the Republican Party cracked further on Tuesday as feuding between President Donald Trump and senators intensified within the U.S. Capitol, and anti-establishment activists claimed political momentum outside of it: Link
After fixing a French car manufacturer long derided by the industry as an eternal also-ran, Carlos Tavares is turning his attention to the business General Motors Corp GM could never fix: Link
Reuters
AT&T Inc’s T quarterly results missed Wall Street estimates as the U.S. No. 2 wireless carrier lost video subscribers to traditional and online TV competitors and fewer of its existing customers upgraded their devices ahead of Apple Inc’s AAPL launch of the iPhone X: Link
Twitter Inc TWTR said on Tuesday it would add labels to election-related advertisements and say who is behind each of them, after a threat of regulation from the United States over the lack of disclosure for political spending on social media: Link
Bloomberg
Congress is trying to ram through a bill that would reshape the U.S. economy in just a few short weeks, but its leaders have kept the plan shrouded in secrecy and released not a word of legislative text: Link
Under Trump, made in America is losing out to Russian steel: Link
ECONOMIC DATA
- USA Core Durable Goods Orders (MoM) for Sep 0.70% vs 0.50% Est; Durable Goods Orders (MoM) for Sep 2.20% vs 1.00% Est
- The FHFA house price index for August is schedule for release at 9:00 a.m. ET.
- Data on new home sales for September will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
- The Treasury will auction 5-year notes at 1:00 p.m. ET.
ANALYST RATINGS
- RBC upgraded Synopsys SNPS from Outperform to Top Pick
- Mizuho upgraded PulteGroup PHM from Underperform to Neutral
- Morgan Stanley downgraded GM GM from Overweight to Equal-Weight
- Wells Fargo downgraded Hanesbrands HBI from Outperform to Market Perform
- Raymond James downgraded Rent-A-Center RCII from Strong Buy to Market Perform
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