PNC reported lower Q1 FY24 results, with revenue declining 8% Y/Y. Net interest income fell 9% while noninterest income decreased 7%. Adjusted EPS was $3.36, above consensus.
Nissan Motor reportedly announces a bold shift towards gigacasting, mirroring Tesla's innovation strategy. By 2027, Nissan aims to roll out EVs boasting rear floors crafted with 6,000-ton force machines, slashing production costs by 10%.
Honda Motor unveils its ambitious plan to launch six electric vehicle (EV) models under the 'Ye' brand in China by 2027. Featuring cutting-edge technology and the exclusive "H mark" design, these models promise enhanced driving performance and sustainability.
Eni reportedly plans to sell minority stakes in biofuel and bio-plastic units, aiming for EUR1.3B. It may also set up separate entities for greener businesses.
Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed early
Rivian Automotive shares are trading slightly lower in premarket after a significant slump, influenced by market concerns over Tesla's job cuts and Rivian's upcoming first-quarter financial results.