Year: 2020

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Trading Ideas

Hyundai recalls cars for problem that can cause engine fires

February 7, 2020 admin Comments Off on Hyundai recalls cars for problem that can cause engine fires

Hyundai is recalling nearly 430,000 small cars because water can get into the antilock brake computer, cause an electrical short and possibly an engine fire. The recall is another in a series of problems that the South Korean automaker and its related company Kia have had with engine fires during the past few years. Past problems have triggered an investigation by the U.S. National Highway Traffic Safety Administration. …read more […]

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Business News

Fed says risks to economy easing, but calls out coronavirus in report to Congress

February 7, 2020 admin Comments Off on Fed says risks to economy easing, but calls out coronavirus in report to Congress

A “moderately” expanding U.S. economy was slowed last year by a manufacturing slump and weak global growth, but key risks have receded and the likelihood of recession has declined, the U.S. Federal Reserve said in its latest monetary policy report to the U.S. Congress.

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Trading Ideas

Pence dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

February 7, 2020 admin Comments Off on Pence dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

U.S. Vice President Mike Pence on Friday declined to endorse an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd. Barr, a former general counsel at Verizon Communications Inc , said on Thursday the United States and its allies should consider taking a “controlling stake” in Finland’s Nokia and Sweden’s Ericsson to counter Huawei’s dominance in next-generation 5G wireless technology. …read more […]

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Trading Ideas

Musk Needs Apple’s Margins, VW Sales to Justify Tesla Value

February 7, 2020 admin Comments Off on Musk Needs Apple’s Margins, VW Sales to Justify Tesla Value

(Bloomberg) — Tesla Inc. has always had one foot in the automotive world and the other in technology. But when it comes to the company’s valuation, neither truly fits.The stock’s stunning ascent — doubling in just the first 23 sessions of the year on record vehicle deliveries, the opening of a China plant and an earlier-than-expected profit at a jointly operated battery factory — has cooled off as exuberance gives way to caution. But the still-meteoric advance of the last five weeks has prompted more comparisons with high-growth technology names, and even has tech-focused market watchers looking more closely at …read more […]

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Expert: ‘there are people at the top who are making a lot of money, but most people are going to work at jobs that are low-wage, low-hour’

February 7, 2020 admin Comments Off on Expert: ‘there are people at the top who are making a lot of money, but most people are going to work at jobs that are low-wage, low-hour’

According to the January jobs report, 225K jobs have been added. Westwood Capital Managing Partner Dan Alpert joins On The Move to discuss his findings of how more low-wage and low-hour jobs jobs were added and what impact that could have on U.S. growth. …read more […]