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Stellantis CEO resigns: 3 things the next CEO needs to fix

Stellantis (STLA) CEO Carlos Tavares resigns from the automaker over disagreements with its board of directors. The company plans to find a replacement within the first half of 2025. Yahoo Finance autos reporter Pras Subramanian lists the three biggest areas that the next Stellantis chief executive will have to focus on. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

STLA
Upstart, LendingClub, Gap, Cloudflare: Stocks in focus

Morning Brief Co-hosts Seana Smith and Brad Smith analyze recent stock calls from JPMorgan (JPM) and Morgan Stanley (MS) analysts. JPMorgan delivered downgrades for Upstart Holdings (UPST) and LendingClub (LC). The firm cut Upstart's rating from Neutral to Underweight, primarily due to valuation concerns. Lending Club was downgraded from Neutral to Overweight, reflecting competitive challenges in its market segment. Meanwhile, JPMorgan lifted Gap (GAP) stock to Overweight from Neutral following a meeting with the company's CEO. JPMorgan suggested Gap is at an inflection point and actively addressing fundamental business challenges. Morgan Stanley also upgraded Cloudflare (NET) from Equal Weight to Overweight, citing the company's continued robust revenue growth driven by artificial intelligence. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith

Yahoo Finance Video 47 minutes ago

NET

GAP

UPST
Tesla updates include Apple Watch app and fart prank

Tesla has revealed an app designed for the Apple Watch and says it should be live by next week. The Tesla app for the Apple Watch will do much of what the smartphone app does – it doubles as a key, can open up the trunk or the frunk, activate climate control, and show battery charge level. Rendering of Tesla's new Apple Watch app.Image Credits:Tesla Tesla announced the app as part of a large swathe of updates; we counted 18 large updates and eight minor updates. They include the ability to watch

TechCrunch 59 minutes ago

TSLA
Intel announces abrupt retirement of CEO Pat Gelsinger

On Monday, Intel Corporation (INTC) announced CEO Pat Gelsinger's retirement this past Sunday; Gelsinger will also be stepping down from the company's board of directors. Yahoo Finance executive editor Brian Sozzi joins Seana Smith and Brad Smith on The Morning Brief to react to this news, highlighting Gelsinger's leadership at Intel since first joining in 2021 and Intel's own struggles a laggard in the chip sector. Watch Yahoo Finance's full interview with Intel CEO Pat Gelsinger from October. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 1 hour ago

INTC
Tavares clashed with Stellantis board over revival plan, sources say

Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday. Shares in the Jeep, Fiat and Peugeot manufacturer slumped as much as 10%, hitting their lowest since July 2022, as investors worried about the vacuum left at the top of the world's No. 4 carmaker following Tavares' resignation on Sunday. Stellantis is struggling to get rid of overcapacity and bloated inventory in its key North American market, at a time when global demand remains sluggish and competition from Chinese rivals, especially in electric vehicles, is intensifying.

Reuters 3 minutes ago

STLAM.MI
Jim Cramer on Tesla (TSLA): ‘I’d Be A Buyer On Weakness Though Because I’m A Believer In Musk’s Leadership’

We recently published an article titled Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against the stocks that will benefit from the new administration according to Jim Cramer. Jim Cramer, the host of Mad Money, recently […]

Insider Monkey 19 minutes ago

TSLA
Stellantis' EV Subsidiary, Samsung SDI Battery Project Receives Tentative Approval for $7.54 Billion in Loan Funding

Stellantis' (STLA) FCA US subsidiary and Samsung SDI, in a joint venture called StarPlus Energy, hav

PREMIUM
MT Newswires 23 minutes ago

STLAM.MI

^YH310
Super Micro Computer Soar 20% After Governance Overhaul and Explosive AI Growth

No misconduct, record-breaking revenue, and bold leadership changes propel Supermicro's stock into the spotlight.

GuruFocus.com 23 minutes ago

SMCI
Intel CEO Forced Out After Board Grew Frustrated With Progress

(Bloomberg) -- Intel Corp. Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, adding to turmoil at one of the pioneers of the technology industry.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe clash came to a head last week when Gelsinger met with the board about the company’s progress on winning back market s

Bloomberg 23 minutes ago

INTC

NVDA
Intel Corporation (INTC) Secures $7.8 Billion CHIPS Act Grant to Boost Chip Production in Ohio

We recently compiled a list of the 10 AI News Updates You Should Not Miss. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against the other AI stocks you should not miss. Latest reports, published by MIT News, suggest that researchers at the Massachusetts Institute of Technology have […]

Insider Monkey 32 minutes ago

INTC
Super Micro Finds No Evidence of Fraud; Will Replace CFO

(Bloomberg) -- Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionA review by a special board committee, alongside attorneys from Cooley LLP and forensic accounting firm Secretariat Advisors, found “no evidence of mis

Bloomberg 33 minutes ago

SMCI
Gene Munster of Deepwater Sees Upside for Apple (AAPL) in the Long Term – Here’s Why

We recently published a list of 10 Trending AI Stocks to Watch in December. In this article, we are going to take a look at where Apple Inc (NASDAQ:AAPL) stands against other trending AI stocks to watch in December. Jared Cohen, Goldman Sachs president of global affairs, co-head of the Goldman Sachs Global Institute, said […]

Insider Monkey 35 minutes ago

AAPL
US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC is expected to create at least 2,800 jobs at the plants and hundreds more at a nearby park for parts supply companies, the Energy Department said Monday in a statement. To get the loan, StarPlus must develop a plan to engage with community and labor leaders to create good paying jobs.

Associated Press Finance 40 minutes ago

STLAM.MI
Dan Niles Says He Likes Amazon.com (AMZN) Amid Upcoming Holiday Season Following ‘Great Quarter’

We recently published a list of 10 Trending AI Stocks to Watch in December. In this article, we are going to take a look at where Amazon.com Inc (NASDAQ:AMZN) stands against other trending AI stocks to watch in December. Jared Cohen, Goldman Sachs president of global affairs, co-head of the Goldman Sachs Global Institute, said […]

Insider Monkey 40 minutes ago

AMZN
Meta Platforms (META)’s Arun Srinivas Highlights AI-Powered Personalization Boosting Brand Visibility, With Over 50% of Instagram Content Now AI-Recommended

We recently compiled a list of the 14 AI News That Broke The Internet This Week. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks that broke the Internet this week. The World Trade Organization (WTO) recently released a report that examines how […]

Insider Monkey 42 minutes ago

META
Magnificent Seven Stocks: Nvidia Stock Rallies; Tesla Surges On Upgrade, Apple Tops New Buy Point

Nvidia stock rallied Monday, while Tesla surged on an analyst upgrade. Apple is breaking out past a new buy point.

Investor's Business Daily 50 minutes ago

NVDA

AAPL

TSLA
A Tesla rival now builds stuff for Apple

Tesla’s biggest competitor has a side hustle assembling iPads.

Quartz 54 minutes ago

AAPL

TSLA
Stellantis Stock Sinks After Jeep Maker's CEO Resigns

Stellantis shares tumbled following the carmaker's announcement that CEO Carlos Taveras resigned, effective immediately.

Investopedia 55 minutes ago

STLAM.MI
Novocure Launches 31% After Pancreatic Cancer Treatment Succeeds

Novocure stock catapulted early Monday after the company's cancer-treating device succeeded in a study of patients with pancreatic cancer.

Investor's Business Daily 1 hour ago

NVCR
Biden Offers $7.5 Billion for Samsung SDI-Stellantis Battery Hub

(Bloomberg) -- A joint venture between Samsung SDI Co. Ltd. and Stellantis NV to create battery manufacturing plants in Indiana is being offered $7.54 billion in financing from the Biden administration.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe conditional loan to StarPlus Energy LLC would fund as many as two lithium-ion battery cell and module manufacturing plants in Kokomo, Indiana for

Bloomberg 1 hour ago

STLAM.MI

^YH310

RIVN

Performance Overview

Return	SIMPLXREA.BO	MSCI WORLD
YTD	+60.68%	+20.44%
1-Year	+62.76%	+25.53%
3-Year	+100.14%	+23.61%

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Related News

Stellantis CEO resigns: 3 things the next CEO needs to fix

Upstart, LendingClub, Gap, Cloudflare: Stocks in focus

Tesla updates include Apple Watch app and fart prank

Intel announces abrupt retirement of CEO Pat Gelsinger

Tavares clashed with Stellantis board over revival plan, sources say

Jim Cramer on Tesla (TSLA): ‘I’d Be A Buyer On Weakness Though Because I’m A Believer In Musk’s Leadership’

Stellantis' EV Subsidiary, Samsung SDI Battery Project Receives Tentative Approval for $7.54 Billion in Loan Funding

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Intel CEO Forced Out After Board Grew Frustrated With Progress

Intel Corporation (INTC) Secures $7.8 Billion CHIPS Act Grant to Boost Chip Production in Ohio

Super Micro Finds No Evidence of Fraud; Will Replace CFO

Gene Munster of Deepwater Sees Upside for Apple (AAPL) in the Long Term – Here’s Why

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

Dan Niles Says He Likes Amazon.com (AMZN) Amid Upcoming Holiday Season Following ‘Great Quarter’

Meta Platforms (META)’s Arun Srinivas Highlights AI-Powered Personalization Boosting Brand Visibility, With Over 50% of Instagram Content Now AI-Recommended

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A Tesla rival now builds stuff for Apple

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Biden Offers $7.5 Billion for Samsung SDI-Stellantis Battery Hub

Performance Overview