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Market Morning: US Steel Trouble, Amazon Self Ships, Starliner Fails, American Goes Non-Binary

So Much For Steel Tariffs U.S. Steel Corp. (NYSE:X) is going through some hard times. The company announced Thursday afternoon that it isn’t doing too well, and the Trump tariffs on steel imports haven’t helped at all. It will slash its dividend 80% to a penny per quarter and stop repurchasing its own stock, lay off […]The post Market Morning: US Steel Trouble, Amazon Self Ships, Starliner Fails, American Goes Non-Binary appeared first on Market Exclusive. …read more […]

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Tesla Secures More Than $1.4 Billion in Financing from China

(Bloomberg) — Tesla Inc. clinched more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said.An announcement will probably be made as soon as this week, one of the people said, asking not to be identified discussing a private matter.Chief Executive Officer Elon Musk is counting on the China plant to help build on recent momentum for the company in the world’s largest market both for electric vehicles and autos in general. Tesla’s new-car registrations …read more […]

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How Putin Got a New Best Friend Forever in Africa

(Bloomberg) — Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterAlpha Conde of Guinea had a favor to ask Vladimir Putin when the two presidents met at the inaugural Russia-Africa summit in the Black Sea resort of Sochi in October.“I would like, if possible, to spend most of our meeting in a one-in-one format because I have things to say to you that are not worth discussing in such a large group,” the 81-year-old West African leader said.“My pleasure,” Putin, 67, replied as aides began to herd the several dozen officials and reporters in attendance out …read more […]