Diesel prices in the UK at record level – RAC
UK diesel prices have risen to a record high of 199.18 pence per litre, according to industry organisation RAC. The Guardian reports. This means that a previous record from when Russia launched its invasion of Ukraine has been surpassed. Filling up an average family car now costs almost 110 pounds, around 31 pounds more than […]
Dallas Fed index 9.8 in September, expected 7.8
Dallas Fed index 9.8 in September, expected 7.8
MongoDB CEO leaves for Meta – former CEO returns temporarily
(adds the two final paragraphs) Database company MongoDB’s CEO Chirantan “CJ” Desai is leaving his post with immediate effect to take a senior position at Meta Platforms. This is stated in a press release. The board has appointed Dev Ittycheria as interim CEO with immediate effect. He was CEO of MongoDB between 2014 and 2025, […]
Tesla raises wages at German plant by 4-5 percent
Electric vehicle maker Tesla plans to raise wages at the company’s Berlin-Brandenburg plant by an average of 4-5 percent from October 1. Reuters reports this. In addition, a performance-based pay component will be introduced for parts of Tesla’s workforce in Germany.
Trump expected to present $15 billion steel project in Iowa – WSJ
US President Donald Trump is expected to present Mesabi Metallics’ plans for a steel mill in Iowa costing around $15 billion. The Wall Street Journal reports. According to the White House, the facility could begin production in 2030 and support more than 1,700 jobs. The steel mill is planned to have an initial capacity of […]
Barclays reiterates Overweight on Roche, positive on updated pipeline
Barclays reiterates its Overweight rating on pharmaceutical company Roche and describes the updates from the company’s drug day as positive, albeit not groundbreaking. This is according to an analysis. Roche now sees up to 20 new drug compounds with launch potential by 2030, compared with 18 previously, and plans five new Phase 3 studies. Barclays […]
Calendar Tuesday 29 September
STOCK MARKET Foreign reports Unspecified time: Hornbach Before market opening: Adidas General meetings 08:30 Martela (extraordinary) Investor meeting British American Tobacco Capital Markets Day Trading ex-dividend F-Secure (dividend EUR 0.02) MACRO 01:01 United Kingdom BRC Shop Price Index 06:30 Australia interest rate decision 07:00 Finland house price index 07:00 Japan revised leading indicators 08:00 Finland […]
Spacex Starship reached orbit for the first time
Spacex Starship reached orbit around Earth for the first time on Monday, despite one of the spacecraft’s six Raptor engines ceasing to function after separation. The launch took place from southern Texas on Monday morning local time. Spacex initially aborted the attempt but resumed it minutes later. The Super Heavy rocket simultaneously completed the cleanest […]
Roche halts development of obesity drug
Swiss pharmaceutical giant Roche is discontinuing development of the obesity drug candidate emugrobart after clinical data indicated that the treatment would not meet the company’s internal targets. The company said this at an investor day on Monday. The rights will be returned to Chugai Pharmaceutical, which originally discovered the drug and licensed it to Roche. […]
Prediction markets take the leap into stocks – raising regulatory concerns – Reuters
Prediction markets have become a new arena for speculation in U.S. stocks, raising regulatory concerns and questions about investor protection and market surveillance. More than USD 220 million has been wagered on around 31,000 stock-related markets on Polymarket’s international platform, according to an analysis by Allium seen by Reuters. Nearly 60 percent concerns individual stocks, […]
