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Milan-listed shares in the company however extended losses after the results were published, as Ferrari did not upgrade the forecasts for its full-year results it provided in August, including for adjusted EBITDA growing to at least 2.5 billion euros ($2.7 billion).

Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. West Texas Intermediate crude was at $71.33 a barrel, down 14 cents, or 0.2%.

US election 2024 results are set to be declared after November 5 polling day as millions of American voters will pick their next President between Donald Trump and Kamala Harris. A new poll showed Democratic candidate Kamala Harris leading in Iowa ahead of a Tuesday vote, even though rising bets of a win for Republican candidate Donald Trump in the recent weeks had lifted bond yields, dollar and bitcoin, as per a Reuters report. Stocks viewed as bets on the former president's chances of victory dipped in premarket trading, while a drop in 10-year Treasury yield from its recent high eased pressure on the broader market. Trump Media & Technology Group slipped 5 per cent and software developer Phunware that made apps for Trump campaign in 2020 fell 8.9 per cent, as per the Reuters report.

Senate, both by slim margins Republicans are well positioned to win the majority in the Senate on Tuesday's election but Democrats cannot be counted out entirely. Democrats face a tough fight in US election to preserve their narrow 51-49 majority in the Senate. Polls suggest the two parties could switch control of each chamber, with Democrats winning back the House and Republicans retaking the Senate, according to the BBC. ALSO READ: US elections: What if there's a tie between Donald Trump and Kamala Harris?

oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China and rising supply outside the group maintain downward pressure on the oil market. The OPEC+ group, combining the Organization of the Petroleum Exporting Countries plus Russia and other allies, was scheduled to raise output by 180,000 barrels per day in December. It had already delayed the increase from October because of falling prices. However, weak demand and economic data raised concern in the group about adding more supply, sources told Reuters last week ahead of the decision to postpone the hike made on Sunday after consultations between ministers.

US election 2024 polls to choose between Democratic Vice President Kamala Harris and Republican former President Donald Trump as the country's next president. However, strikes in the aerospace industry depressed manufacturing employment while hurricanes shortened the collection period for payrolls, making it hard to get a clear picture of the labor market ahead of next week's presidential election, Reuters reported. «This is not the clarifying report on the economy that Americans and markets needed before next week's election to answer whether voters are better off than they were four years ago,» Christopher Rupkey, chief economist at FWDBONDS.

Trump donor Norm Champ details how the Biden-Harris regulations have been hurting Americans’ retirement funds on ‘The Bottom Line.’

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (1 November) came in significantly below market expectations, with economists polled by Reuters expecting the figure to stand at 113,000. At the same time country's unemployment rate remained unchanged at 4.1% from September and slightly lower than the 4.2% recorded in August. The figures for October were also below the downwardly-revised 223,000 jobs created in September. US economy adds 254,000 jobs in September as unemployment rate softens The largest increase last month came via the healthcare sector...

Walt Disney is forming a new unit to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality, as the media giant explores applications across its film, television and theme park divisions. The newly formed Office of Technology Enablement will be led by Jamie Voris, who spearheaded development of Disney's app for the Apple Vision Pro mixed reality device, according to an email seen on Friday by Reuters. «The pace and scope of the advances in AI and XR (extended reality) are profound and will continue to impact consumer experiences, creative endeavors and our businesses for years to come — making it critical that Disney explore the exciting opportunities and navigate the potential risks,» Disney Entertainment Co-Chairman Alan Bergman wrote.

They said the effort was communicated by U.S. envoy Amos Hochstein to Lebanese caretaker Prime Minister Najib Mikati this week, as the U.S. stepped up diplomatic efforts for a ceasefire between Israel and Iran-backed militant group Hezbollah. Mikati's office in a statement to Reuters denied the U.S. had asked Lebanon to declare a unilateral ceasefire. It said the government's stance was clear on seeking a ceasefire from both sides, and the implementation of U.N. Security Council Resolution 1701, which ended the last round of conflict between the two foes in 2006.

Meta's publicly available Llama model to develop an AI tool for potential military applications, according to academic papers and analysts. In a June paper reviewed by Reuters, six Chinese researchers from three institutions, including two under the People's Liberation Army's (PLA) leading research body, the Academy of Military Science (AMS), detailed how they had used an early version of Meta's Llama as a base for what it calls «ChatBIT». The researchers used the Llama 2 13B large language model (LLM) that Meta released in February 2023, incorporating their own parameters to construct a military-focused AI tool to gather and process intelligence, and offer accurate and reliable information for operational decision-making.

Asian central banks will cut interest rates slower than the U.S. Federal Reserve over the coming year, Reuters polls showed, as solid growth has eased pressure to maintain currency stability against a persistently strong dollar. A jumbo 50 basis points Fed rate cut in September and expectations for two more quarter-percentage point reductions by end-year has provided wriggle room for central banks in Asian economies to consider their next moves. The Fed is expected to cut rates by another 125 basis points next year, much more than Asian central banks. But with the U.S. economy showing continued resilience, the greater risk is for the Fed to move more gradually than speed up.

Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle East war, Brent crude futures gained $1.81, or 2.5%, to $72.93 a barrel by 11:30 a.m. EDT (1530 GMT). U.S. West Texas Intermediate crude rose $1.85, or 2.8%, to $69.06.

Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to an average 4.9% this quarter and drop to 4.6% in January-March, giving the Reserve Bank of India (RBI) room to ease policy. The central bank has held interest rates at their highest since early 2019 for the past 10 meetings.

Michael Lee Strategy founder Michael Lee provides his market outlook ahead of the September CPI inflation report on Varney & Co.

King Maha Vajiralongkorn from Thailand, officially known as King Rama X, is the richest monarch in the world. Vajiralongkorn, 66, ascended to the throne after the death of his father, King Bhumibol Adulyadej in October 2016, according to a report from France24. His father ruled the Buddhist kingdom for 70 years, one of the world's longest-serving monarchs. Vajiralongkorn was crowned in May 2019 when his 88-year-old father Bhumibol Adulyadej passed away on October 13, 2016. What is surprising is that Charles III, the King of the United Kingdom, is a globally influential monarch but he did not make the list of the world’s top 10 richest monarchs. According to the sources, his net worth is estimated to be around $747 million. ALSO READ: Vasundhara Oswal, Indian-origin billionaire's daughter, detained in Uganda. A look at her Rs 1,649 crore house, lavish lifestyle

The assessments based on commercial satellite imagery were reached separately by David Albright, a former U.N. weapons inspector, and Decker Eveleth, an associate research analyst at CNA, a Washington think tank. They told Reuters that Israel struck buildings in Parchin, a massive military complex near Tehran. Israel also hit Khojir, according to Eveleth, a sprawling missile production site near Tehran.

Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei's Ascend 910B, the people said. Huawei is restricted from buying the technology to protect U.S. national security. Reuters could not determine how the chip ended up on the Huawei product. Sophgo, which is affiliated with cryptocurrency mining equipment company Bitmain, did not respond to requests for comment. TSMC declined comment. Huawei did not immediately respond to a request for comment.

Israeli military strikes across the Gaza Strip have killed at least 72 people since Thursday night and Israeli forces launched a night-time raid on a hospital in the north of the enclave, Palestinian officials said. The Gaza health ministry said a strike on houses in the southern city of Khan Younis killed at least 38, many of them women and children. The Israeli military said its forces had killed a number of Palestinian gunmen in air and ground strikes in the southern Gaza Strip and dismantled military infrastructure.

The Rich Dad Company co-founder Robert Kiyosaki discusses support for Bitcoin and explains his concern with the bond market on Cavuto: Coast to Coast. 

hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its vessels with Patriot interceptor missiles, two senior defence officials said. One industry official said putting the highly agile Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, used primarily in the U.S. by the Army, aboard Navy ships anticipates advances in Chinese missile technology, including the use of highly manoeuvrable hypersonic weapons. Integrating the Lockheed Martin-made missiles with ships' air defences comes amid simmering tension in the Indo-Pacific region as China rapidly modernizes its military, and in the wake of successful missile defense efforts in Ukraine and the Middle East.