Business News
Volkswagen CEO interested in Tesla stake: Manager Magazin
Volkswagen CEO Herbert Diess is interested in acquiring a stake in Tesla , German business publication Manager Magazin reported on Thursday, citing company sources.
Year: 2019
Business News
Fed doubts dominate as futures tick lower
Wall Street’s main markets were set to edge lower on Thursday as the previous session’s hints of a skeptical Federal Reserve attitude to a new cycle of interest rate cuts offset a handful of more bullish signs from U.S. retailers.
Business News
Stocks edge down as investors crave clarity on Fed stance
Share markets slipped on Thursday as uncertainty over the outlook for U.S. interest rate cuts left investors on edge, with the release of minutes from the Federal Reserve’s last policy meeting exposing rifts over its recent easing.
Business News
Global stocks nudge down as investors crave clarity on Fed stance
Share markets flatlined on Thursday as uncertainty over the outlook for U.S. interest rate cuts following the release of minutes from the Federal Reserve’s last policy meeting kept investors on edge.
Business News
South Korea’s top court to rule on Samsung heir’s bribery case on August 29
South Korea’s Supreme Court said it will rule next Thursday on whether to uphold the reduced sentence given to Samsung Group heir Jay Y. Lee or ask an appeals court to revisit a case that was part of a graft scandal that brought down the country’s then-president in 2017.
Business News
Oil rises further above $60, Jackson Hole summit in focus
Oil rose further above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
Business News
Boeing spacecraft astronauts see new frontier for commercial space
A crew of veteran U.S. astronauts and aviators are training in Houston for a manned mission to the International Space Station aboard Boeing’s new Starliner spacecraft, which could also be used to take tourists into space on future missions.
Business News
Explainer: What are the obstacles to Bayer settling Roundup lawsuits?
Bayer AG is in mediation to potentially settle thousands of U.S. lawsuits claiming that the company’s Roundup weed killer causes cancer, but some legal experts said the cases raises novel questions that may prevent an easy settlement.
Business News
Audi to join Mercedes, BMW development alliance: paper
Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday.
Business News
South Korea’s top court to rule on Samsung heir’s bribery case on August 29: YTN
South Korea’s Supreme Court will deliver a ruling on the bribery conviction of Samsung Group heir Jay Y. Lee on Aug. 29 in a corruption scandal that led to the ouster of the country’s then-president in 2017, broadcaster YTN said on Friday.
Business News
Mediaset files complaint with Italian market watchdog against Vivendi
Mediaset has filed a complaint with Italy’s market watchdog, accusing hostile shareholder Vivendi of leaking information with the goal of scuppering a cross-border merger deal, the Italian broadcaster said on Thursday.
Business News
Ryanair says no flight disruption so far from UK pilot strike
All Ryanair flights to and from British and Irish airports have departed without disruption so far on Thursday, the airline said, adding it also expected no impact for the rest of the day from a strike by some of its pilots based in Britain.
Business News
Oil steadies above $60, Jackson Hole summit in focus
Oil steadied above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed.
Business News
Stocks nudge down as investors crave clarity on Fed stance
Share markets flatlined on Thursday as uncertainty over the outlook for U.S. interest rate cuts following the release of minutes from the Federal Reserve’s last policy meeting kept investors on edge.
Trading Ideas
Don’t Buy What the Media Is Selling
Doing what we do and saying what we say… we tend to get ourselves in a bit of trouble.
It’s especially true when we muse about money, the topic we’ve spent the most time studying.
We remember a finger that was pointed at us nearly a decade ago.
We wrote something for a major financial outlet that smacked the face of the wonks in academia. We said the best way to get rich in the stock market isn’t to study fundamentals or to pore over the latest earnings reports. No, the easiest way to make money is to know what Uncle Sam will …read more […]