Business News
‘Death Cross,’ growth abroad threaten U.S. dollar
Storm clouds are gathering over the U.S. dollar, threatening a two-year rally in the currency that has squeezed corporate profits and angered President Donald Trump.
Year: 2020
Business News
Hyundai fourth-quarter profit beats view on brisk SUV sales, shares jump 5%
South Korea’s Hyundai Motor Co reported a better than expected quarterly operating profit, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.
Business News
Hyundai Motor returns to profit in fourth-quarter as SUV sales boost margins
South Korea’s Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.
Business News
Airlines scour the world for scarce 737 MAX simulators
Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model.
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Airlines scour the world for scarce 737 MAX simulators
MONTREAL/SYDNEY/WASHINGTON (Reuters) – Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. “Boeing is recommending that all 737 MAX pilots undergo training in a 737 MAX simulator prior to flying the aircraft in commercial service,” the company told Reuters on Tuesday evening, the first confirmation of its new policy. On Jan. 7, the company had recommended using a simulator but did not specify what type. …read more […]
Business News
GM’s Cruise unit unveils driverless prototype vehicle for ride-sharing service
General Motors Co’s self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.
Business News
Oil declines as market surplus forecast counters Libya worries
Oil prices eased on Wednesday, extending declines as the International Energy Agency (IEA) forecast a market surplus in the first half, helping ease concerns about disruptions that have slashed Libya’s crude output.
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Tesla Hits $100 Billion Mark Musk Must Sustain for Big Payout
(Bloomberg) — Tesla Inc.’s market value briefly crept above $100 billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.The electric-car maker’s shares climbed as much as 1.4% in after-hours trading Tuesday after closing the regular session up 7.2%. At the post-market high of $555.10, Tesla’s market capitalization was roughly $100.1 billion, just short of Volkswagen AG’s $100.6 billion.Musk, Tesla’s billionaire chief executive officer, is eligible to receive the first tranche of an all-or-nothing pay award if the company’s market value stays above $100 billion for …read more […]
Business News
GM’s Cruise unit unveils driverless vehicle for ride-sharing service
General Motors Co’s self-driving car unit, Cruise, on Tuesday unveiled an electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service, but did not say when it would go into production.
Business News
China stocks tumble on virus outbreak, but regional markets steady
Asian stock markets bounced on Wednesday as China’s response to a virus outbreak tempered fears of a global pandemic, although Shanghai shares slipped amid worries about a hit to domestic demand and tourism.
Business News
Netflix forecasts tough start to 2020; Disney+ going global
Netflix Inc has entered a new year that will be far tougher than the one it left behind.
Business News
Oil falls again as ample global supply seen offsetting Libyan outage
Oil prices edged lower on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude production being off-line amid plentiful supplies elsewhere.
Business News
Tesla crosses $100 billion stock market valuation in extended trading
Tesla Inc became the first $100 billion publicly listed U.S. carmaker in extended trading on Tuesday, in a sign of Wall Street’s confidence in an all-electric future.
Business News
Oil falls again as amply global supply seen offsetting Libyan outage
Oil prices edged lower on Wednesday, extending the previous session’s drops, as investors continue to shrug aside the impact of almost all of Libya’s crude production being off-line amid plentiful supplies elsewhere.
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Tesla crosses $100 billion stock market valuation in extended trading
The milestone comes less than a month after Tesla’s stock crossed $420, the infamous price at which Chief Executive Officer Elon Musk had tweeted he would take the electric car maker private. Musk tweeted he had “funding secured” to take Tesla private in August 2018, when its shares were trading in the mid-$330s, only to later give up under investor pressure and regulatory concerns. Tesla shares were last up 1.4% at $555 after the bell, building on a 7.2% gain during trading when brokerage New Street Research raised its price target to $800. …read more […]