Month: October 2019

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But on the bright side, if… …read more […]

Swedish home appliances maker Electrolux posted a slightly smaller-than-expected fall in third-quarter profit on Friday and said it expected to offset stronger headwinds from unfavourable currency swings for the full year. Operating earnings at the maker of appliances under brands such as Electrolux, Frigidaire and AEG fell to 1.19 billion crowns ($123.18 million) from 1.76 billion crowns a year ago, just topping a Refinitiv mean analysts’ forecast of 1.12 billion. Electrolux and U.S. rival Whirlpool Corp have spent the year pushing price hikes and greater efficiency as they seek to cushion the blow from higher raw materials costs …read more […]

Asian shares trod water on Friday as investors awaited key central bank policy meetings next week amid signs of slowing global growth, while sterling extended its slide on a fresh bout of Brexit anxiety. MSCI’s broadest index of Asia-Pacific shares outside Japan was up just 0.05%, having spent the day oscillating between small losses and gains. Europe looked set to be similarly directionless, with pan-region Euro Stoxx 50 futures up 0.06% at 3,613, German DAX futures down 0.03% at 12,864.5 and FTSE futures up 0.11% at 7,312 in early trade. …read more […]

BEIJING/SHANGHAI, Oct 25 (Reuters) – U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended website sales of a less expensive variant of the same model, lacking an autopilot function, it had previously offered at 328,000 yuan ($46,389). Tesla did not respond to an e-mailed request for comment. …read more […]

French automaker Renault’s group revenues fell 1.6 percent in the third quarter, with the company citing reduced production at its partners Nissan and Daimler , and a drop in demand for diesel engines in Europe. The company, which owns 43.4 percent of Japanese manufacturer Nissan , said Renault group revenues were at 11.296 billion euros. The company also said last week its operating margin was set to come in at 5%, versus a previous 6% goal, as it struggles to keep a lid on research and development costs. …read more […]

BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla on Friday started selling its China-made Model 3 with an autopilot function priced from 355,800 yuan ($50,310), making it the company’s cheapest model on sale in the country, the official website showed. It suspended website sales of a less expensive variant of the same model, lacking an autopilot function, it had previously offered at 328,000 yuan ($46,389). Tesla did not respond to an e-mailed request for comment. …read more […]

(Bloomberg Opinion) — From the Rocky Mountains to the Rhineland and Australia’s Great Dividing Range, the great tide of the coal industry is receding.The entire Powder River Basin, the region spanning the states of Montana and Wyoming that provides about half of America’s thermal coal, is “distressed,” Moody’s Investors Service wrote in a report last week. All companies producing coal there are now focusing on mining coking coal elsewhere in the U.S., the ratings company wrote. Output “will likely fall significantly in 2020,” it said.Energy Information Administration forecasts quoted by Moody’s suggest that production from the Powder River-dominated Western Region …read more […]