Morning Brief Hosts Seana Smith and Brad Smith check in on some trending tickers on Yahoo Finance.
Stellantis (STLA) shares are under pressure after the carmaker extended the production pause for its electric Fiat until November 1 due to weak demand. The company is also recalling nearly 200,000 hybrid Jeeps over a potential fire risk.
Shares of Nio (NIO) are rising after the Chinese electric vehicle maker saw its second-highest number of deliveries ever during September, up more than 35% from a year ago. The company also set a new quarterly record for deliveries in the third quarter.
Charles Schwab (SCHW) announced that its CEO Walt Bettinger will retire at the end of 2024 after holding the position for 16 years. He will be replaced by the company’s president, Rick Wurster.
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This post was written by Melanie Riehl