Stocks to Watch Wednesday: ASML, Morgan Stanley, Renault
🔎 Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS): More major bank earnings are also expected before the market opens.
↘️ ASML (ASML): The global chip-equipment supplier said it couldn't guarantee growth in 2026 due to increasing uncertainty from President Trump's tariffs. Shares dropped around 7.5% in the Netherlands.
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Switzerland is assessing higher US tariff, pushing for 'negotiated solution'
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Faraday Future Kicks Off Trial Production Phase of its FX Super One MPV at its Hanford, CA Manufacturing Facility, Advancing Engineering and Safety Testing
HANFORD, Calif., August 01, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that its newly-unveiled First Class EAI-MPV model, the FX Super One, has commenced its trial production phase at its Hanford, CA factory. The trial production phase is primarily focused on planning and verifying production processes, operational workflows, and quality standards. In parallel, engineers and production staff at the Hanford factory are undergoing specialized training to support production readiness. Following this phase, the Company will proceed with comprehensive vehicle engineering of the vehicle, which includes extensive safety testing and validation. These efforts are integral to ensuring that the FX Super One meets the highest standards of quality, performance, safety, and the end user experience. The FX Super One was unveiled on July 17 in Los Angeles and showcased the Super EAI F.A.C.E. (Front AI Communication Ecosystem) and the FF EAI Embodied AI Agent 6x4 Architecture. The vehicle is positioned as an EAI-MPV that aims to redefine the traditional mobility experience long dominated by models such as the Cadillac Escalade. Faraday Future's current 1.1 million-square-foot manufacturing and production facility in Hanford, California, named "FF ieFactory California," has approximately $300 million invested so far in the multi-use facility, and with additional investment and permitting, could become capable of producing more than 30,000 vehicles annually. The Company's Hanford factory could prepare a flexible production line for FX units, including FF. The facility would support mixed-line manufacturing or assembly for multiple models. The Company recently completed a new round of financing commitment totaling $105 million, which is expected to nearly cover the launch of the FX Super One. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD LOOKING STATEMENTS This press release includes "forward looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "could," "will," "should," and "future," variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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British Airways profits jump despite Heathrow fire closure
British Airways' half-year earnings have increased despite a £40 million hit from the closure of Heathrow in March after a substation fire, as the airline ramped up its flight programme. The carrier reported a 48% jump in underlying operating profits to £824 million for the six months to June 30, up from £555 million a year ago. Owner International Airline Group (IAG) said earnings were driven higher at British Airways as it increased flight capacity by 2.1% and boosted passenger revenues. The wider IAG company – which also owns Aer Lingus, Iberia and Vueling – posted a 43.5% rise in earnings to £1.88 billion for the first half. Pre-tax profits rose sharply to £1.75 billion from £1.05 billion a year ago. IAG chief executive Luis Gallego said: 'Our strong performance in the first half of 2025 reflects the resilience of demand for travel and the success of our ongoing transformation, underpinned by the fundamental strengths of our group. 'We continue to benefit from the trend of a structural shift in consumer spending towards travel. 'We remain focused on our market-leading brands and core geographies, where we continue to see robust performance, allowing us to invest in fleet as well as technology to improve operational efficiency and customer experience. 'These results give us confidence that we will deliver good earnings growth and margin progression for the full year and enable us to create value for our shareholders through our sustainable dividend and the share buyback.'
