Elon Musk says that Tesla has received 200,000 pre-orders for its Cybertruck. Customers can reserve one of the vehicles with a fully refundable $100 deposit. Prices start at $39,900 for a single-motor version of the pickup, with most orders reserving the triple-motor option that goes for $69,900 according to Musk. Production for the pickup trucks is not expected to begin in late 2022. …read more […]
Retail subscription for Saudi Aramco’s initial public offering (IPO) reached 21.77 billion Saudi riyals ($5.8 billion) on Monday, lead manager Samba Capital said.
A brand powerhouse with steady and meaningful growth prospects Continue reading… …read more […]
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on Monday.
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on Monday. FCA – which is finalizing merger talks with France’s Peugeot owner PSA to try to create the world’s fourth-largest carmaker – announced last year it would spend 5 billion euros ($5.5 billion) in Italy up to 2021. Gorlier said that despite unfounded speculation, FCA has “consistently confirmed the plan through action, with no delays”. …read more […]
Apple Inc and semiconductor stocks powered the S&P 500 and Nasdaq indexes to record highs on Monday, after a report signaled that the United States and China were nearing a trade truce, with sentiment also buoyed by a raft of mega deals.
Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021. Companies ranging from General Motors Co to startup Lordstown Motors Corp have said they plan to introduce electric pickups over the next two years, and are scheduled to build up to 250,000 a year by 2024, according to industry analysts. If demand falls that far short of production targets, “there are going to be a lot of auto execs crying in their beer,” predicts IHS Markit analyst …read more […]
Simon Property Group, Exelon, Ventas, CenterPoint Energy, Western Midstream Partners and Under Armour present buying opportunities Continue reading… …read more […]
Charles Schwab Corporation officially announced the brokerage firm will buy TD Ameritrade in a $26 billion all-stock deal. Yahoo Finance’s Dan Roberts, Julia La Roche and Brian Cheung break down the latest developments on YFi AM. …read more […]
Texas’ attorney general has settled with T-Mobile Inc and Sprint Corp and will drop its opposition to a merger of the third and fourth largest U.S. wireless carriers.
LVMH Moët Hennessy announced today that the luxury brand acquired Tiffany & Co. in an all-cash deal worth $16.2 billion. Yahoo Finance’s Dan Roberts, Julia La Roche and Brian Cheung discuss on YFi AM. …read more […]
Louis Vuitton owner LVMH snapped up U.S. jeweler Tiffany & Co on Monday for $16.2 billion in its largest buyout ever, adding America’s biggest luxury name to its stable of brands.
(Bloomberg) — Teva Pharmaceutical Industries Ltd. and other generic drugmakers have held talks with the U.S. Justice Department in the past six months about resolving a long-running criminal antitrust probe of alleged price-fixing by the companies, according to people familiar with the matter.Among the possible outcomes that have been discussed are deferred prosecution agreements in which the companies would admit to certain allegations but would be shielded from indictment in exchange for cooperating with the investigation and paying fines.Talks are being held with drugmakers individually, and any one or all of the negotiations could fail to result in an agreement, …read more […]
Insiders invest in Energy Transfer, Uber Technologies, Gannett, Aramark and Plains GP Holding Continue reading… …read more […]
When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $150 billion in global investments and Dalio’s own net worth coming at $18.7 billion, he has earned guru-like status by taking the opinions of experts that disagreed with him into consideration.“I learned a great fear of being wrong that shifted my mind-set from thinking ‘I’m right’ to asking myself ‘How do I know I’m right?’ …read more […]
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