Year: 2019

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Trading Ideas

U.S. to Put Tariffs on Europe Planes, Whiskies After WTO Ruling

October 2, 2019 admin Comments Off on U.S. to Put Tariffs on Europe Planes, Whiskies After WTO Ruling

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The U.S. released a final list of billions of dollars of European products it will hit with new tariffs after the World Trade Organization’s landmark ruling on illegal subsidies to Airbus SE.The U.S. plans to impose a 10% tariff on large civil aircraft from France, Germany, Spain and the U.K. It will also slap 25% levies on a range of other items including Irish and Scotch whiskies; wine, olives, cheese; as well as certain pork products, butter and yogurt from …read more […]

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Trading Ideas

Tesla deliveries miss Wall Street target; shares fall 6%

October 2, 2019 admin Comments Off on Tesla deliveries miss Wall Street target; shares fall 6%

Deliveries of all models rose 1.9% from the second quarter to 97,000 vehicles, including 79,600 Model 3 sedans and 17,400 Model S/X SUVs, below estimates of 97,477 vehicles. Elon Musk had previously said that Tesla aims to be profitable in the fourth quarter, with the third quarter to be break-even. Under pressure to meet his repeated promises to make Tesla sustainably profitable, Chief Executive Elon Musk is trying to contain costs while still spending on major initiatives from a Shanghai factory and assembly-line to upcoming models such as the Model Y SUV and a Semi commercial truck. …read more […]

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Trading Ideas

Ford Investors Will Have To Be Tough When It Comes to Their Dividend

October 2, 2019 admin Comments Off on Ford Investors Will Have To Be Tough When It Comes to Their Dividend

I covered Ford Motor Company (NYSE: F) in this column a year ago. At the time, the automaker got a “D” for dividend safety because of falling cash flow and a payout ratio that was too high.
We’re in the same situation today, though now things appear a little worse.
Ford is going through a reorganization as it invests a lot of money into electric vehicles (EVs).
Ford plans to invest $11 billion in developing EV technology. It may ultimately pay off as EVs become more popular.
The company has also already invested $1 billion into autonomous driving car technology and is likely to …read more […]

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Business News

U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

October 2, 2019 admin Comments Off on U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative’s office said on Wednesday.

…read more […]