Year: 2019

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll look at… …read more […]

The price increases for shared rides predominantly affect Chicago’s low-income neighborhoods, which is where most of the carpool rides are booked, the analysis showed. The Chicago data does not differentiate between rides operated by Uber Technologies Inc, Lyft Inc, or smaller ride-share rival Via. Data by Second Measure, which tracks credit card expenditures, estimates that Uber commands a roughly 72% market share in Chicago. …read more […]

(Bloomberg Opinion) — If you like historical parallels, as I do, and particularly about markets, then here’s an intriguing one: What’s happening now in 2019 looks and feels a lot like it did in 1998. The obvious similarities are that, now as then, a U.S. president faces the threat of impeachment against the backdrop of a strong economy and surging stock market. Even “Friends” is still popular today, just as it was then. But it’s the finer affinities within those broader parallels that are most interesting, and in some ways instructive. Let’s take a look. For starters, when the U.S. …read more […]

(Bloomberg) — Europcar Mobility Group, one of the continent’s largest car rental agencies, is drawing interest from suitors including Apollo Global Management Inc. as it explores a potential sale of the company, people familiar with the matter said.The company has reached out to private equity firms including Cerberus Capital Management as it starts gauging interest from potential buyers, the people said, asking not to be identified as the matter is private. Europcar, which has a market value of 666 million euros ($734 million), is working with financial advisers as it considers selling part or all of the business, according to …read more […]

One simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive… …read more […]

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. U.S. pork producers see a potential $24.5 billion market in China within 10 years if the Trump administration can gain unrestricted trade access after the Asian country’s hog herd has been devastated by disease.The National Pork Producers Council released the forecast on Tuesday as they pressed the Trump administration to emphasize access for pork products in ongoing talks with Beijing for a partial trade agreement.The spread of African swine fever has ravaged China’s hog herd and by September had driven …read more […]

A European Central Bank board member has said Europe must overcome its reliance on international payment providers – but that it is not the central bank’s job to come to the rescue and crowd out private sector initiatives. More than two-thirds of non-cash payments are made with overseas cards as most competing European providers tend to be focused domestically or regionally, Benoit Coeure told a conference on Tuesday. “Europe is at risk of losing its economic edge,” Coeure said. …read more […]

MOSCOW/ISTANBUL, Nov 26 (Reuters) – Russia hopes to seal a deal to supply Turkey with more S-400 missile systems in the first half of next year, the head of Russian state arms exporter Rosoboronexport, Alexander Mikheev, said in an interview with RIA news agency published on Tuesday. Such a move could further sour ties between Turkey and the United States, which has suspended Ankara from the F-35 stealth fighter jet programme, in which it was a producer and buyer, to punish it for buying S-400 batteries earlier this year. Washington has also warned of possible U.S. sanctions, saying …read more […]

LONDON/PARIS (Reuters) – Tiffany was codenamed “Tea” and LVMH was “Latte” in the whirlwind talks that led to the U.S. jeweller being taken over by the French luxury group for more than $16 billion, in a homage to famed film “Breakfast at Tiffany’s”. The monikers were an attempt to ensure secrecy about a deal that LVMH wanted to seal swiftly before its competitors could intervene, according to two sources involved in the talks. LVMH’s bid approach was discussed by executives at the two companies in mid October, soon before the French firm launched a big factory in Johnson …read more […]

South Korea’s Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market. The deal comes as Hyundai and affiliate Kia Motors struggle with a prolonged sales downturn in China, where they suspended two factories this year. Hyundai Motor said it will invest about $1.55 billion in the Indonesia auto manufacturing plant from now until 2030, including product development and operation costs. …read more […]