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Market Morning: Musk Tweets 250K, Papa John Vents, Car Sales Fall, World Trade Contracts

Elon Musk Plays Another Round of Twitter Roulette Tesla (NASDAQ:TSLA) CEO Elon Musk has decided that he hasn’t had enough trouble with the SEC and Twitter regarding financial disclosures about his company, so he’s going for another round. Tweeting “250K” yesterday suggests that Tesla has had 250,000 preorders for its Cybertruck. A preorder costs $100 […]The post Market Morning: Musk Tweets 250K, Papa John Vents, Car Sales Fall, World Trade Contracts appeared first on Market Exclusive. …read more […]

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UPDATE 1-Deere's earnings fall on trade tensions, poor weather

Deere & Co. on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers. “Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” said new chief executive officer John May. Industry sales of agricultural equipment in the U.S. and Canada, the company’s biggest market, are expected to be down about 5%, on the back of lower demand for large equipment. …read more […]

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Deutsche Bank Sells $50 Billion Book of Assets to Goldman

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG sold another chunk of unwanted assets to Goldman Sachs Group Inc. as part of a radical restructuring that’s seeing the German firm exit businesses where it’s been unable to compete.The nation’s largest lender recently sold securities with a notional value of about 40 billion pounds ($51 billion) to the U.S. bank, people briefed on the matter said. The assets are tied to emerging market debt and were previously housed in Deutsche Bank’s wind-down unit, one person said. They asked …read more […]

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UPDATE 1-Smartphone maker Xiaomi posts slowest-ever revenue growth in Q3

Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth, as the country’s smartphone market copes with a protracted lull in sales and bigger rival Huawei grabs more market share. Demand for smartphones has eased in China as consumers hold on to devices longer. As well, Chinese shoppers have rallied behind and boosted sales at Huawei, the world’s second-largest smartphone maker, which was added to a trade blacklist by the United States. …read more […]