Jul. 16 at 8:22 AM
📌*Stock Headlines*
$RNO –16 % pre‑market. Renault slashed its 2025 margin target to 6.5 % and cut FCF guidance after CEO Luca de Meo bolted to Kering. Interim boss is CFO Duncan Minto. Weak June sales and a €900 M working‑capital hit explain the downgrade.
$STLA scraps hydrogen vans. Stellantis ends its fuel‑cell program and halts production in France and Poland as it re‑thinks Symbio; staff stay on payroll while the company “explores alternatives.”
$CFRUY beats on jewelry. Richemont Q1 sales +6 % constant FX; Cartier and Van Cleef offset a broader luxury slowdown.
$AAPL racks up 81 Emmy nods. “Severance” leads with 27; “The Studio” sets a record for a rookie comedy at 23. Ceremony is Sept 14.
Activism radar. Elliott builds a stake in
$GPN following its
$WP deal.
*Deal rumor*. Cantor Fitzgerald is said to be near a
$4 B SPAC tie‑up with a Bitcoin pioneer.
