STAMPS.COM INC

There has been a transformation going in the automobile sector and its supply chain, the auto ancillary industry. Now a number of the large auto companies have been re-rated in the last one year. But the re-rating of the auto ancillary unit has been slower, for a valid reason. These auto ancillary units are dependent on their main buyers. So, for an auto ancillary company which has been supplying to TVS, Tata motors the process of transformation started a long time back but for some other where the major buyer has not even launched a single EV model, transition has been slower. But the biggest factor which distinguishes a winner and laggard in the auto ancillary industry is how proactive the management has been. We take a look at 6 stocks from auto ancillary space. Where either they are a literal monopoly in their segment or they have been focussing on EV much earlier or have been sharp to react to changing market conditions.

Tencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry challenges resulted in lower paying user counts".

The Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 billion yuan ($19 billion) in the third quarter, according to a stock exchange filing.

Crypto.com tweeted that its chief executive Kris Marszalek will go live on YouTube to answer questions around some transactions on the platform that had sparked speculation and fund withdrawals.

Bob Evans Farms Foods has recalled one of its products, Italian pork sausage, because of consumer complaints. It had received some complaints but has not yet received any health issue reports.

U.S. private-sector business activity contracted for a second straight month in August to its weakest in 18 months, with particular softness in the services sector as demand weakened in the face of inflation and tighter financial conditions.