Business News
‘Intensive’ talks on Lufthansa with EU Commission ongoing: Germany
Berlin is in intensive talks with the European Commission over a planned bailout for flagship German carrier Lufthansa , a government spokesman said on Friday.
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How to Be Financially Independent
Are you a doctor, lawyer, or other professional? How about a salaried employee?
If so, you’re in a trap. And you’ll never get out unless you listen to me today.
In my book Automatic Wealth, I talked about this “trap.” Here’s what I said…
At the end of the day, you are charging for your time. And if you want to make more money, there are only two ways to do it:
1. Charge more per hour.
2. Work more hours (though there are only so many hours you can work and still have a life).
Professionals and top executives, you may be surprised …read more […]
Business News
Danish state prosecutor drops investigation of Danske Bank auditor EY
Denmark’s state prosecutor has dropped its investigation into whether accountant EY breached anti-money laundering laws in connection with its audit of Danske Bank , the Danish Business Authority (DBA) said on Friday.
Business News
As lockdowns ease, a Bronx nail salon plans a careful reopening
When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
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The recovery faces two major labor market risks: Morning Brief
Top news and what to watch in the markets on Friday, May 29, 2020. …read more […]
Business News
We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot
Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.
Business News
Oil falls but remains set for biggest monthly gain in years
Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea and a worsening in U.S.-China relations, but were still on track for a hefty monthly gain.
Business News
Volkswagen pumps 2 billion euros into China electric vehicle bet
Volkswagen AG plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players.
Business News
Ukraine expects $5 billion IMF loan approval on June 5 – PM
Ukraine expects the International Monetary Fund (IMF) to approve a $5 billion (4.05 billion pounds) loan package at a board meeting on June 5 and the first tranche of $1.9 billion to be disbursed the following day, Prime Minister Denys Shmygal told Reuters on Friday.
Business News
SoftBank leads $500 million fundraising for Didi’s self-driving unit
China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s Vision Fund 2.
Business News
Vestager says she is not placing extra hurdles in way of Lufthansa bailout
EU antitrust chief Margrethe Vestager on Friday denied that she is placing additional hurdles in the way of Lufthansa’s $10 billion government rescue, which has been held up by her demand for the stricken airline to give up airport slots.
Trading Ideas
Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’
Tesla (TSLA) CEO Elon Musk has now received access to the first of 12 potential stock option awards from his extensive 2018 compensation plan- and thanks to the stock’s recent rally, these shares are now worth a whopping $775M.To receive his stock options, the company’s market cap had to stay at $100B or more on a 30-day and six-month moving average, alongside trailing four-quarter revenue of $20B or EBITDA of $1.5B.Musk can now purchase 1.7M Tesla shares at $350.02 each, or $591M total. Based on Thursday’s closing price, these shares now have a total value of about $775M. Of course, …read more […]
Trading Ideas
Battle for Hong Kong Is Shifting to City’s Financial Markets
(Bloomberg) — The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.Waves of mainland capital are flooding into equities, especially megacap Chinese banks, countering losses sparked by sweeping national security legislation. Tension is also building in the foreign exchange market, where options and forwards show the pegged currency will reach the weak end of its trading band.Stability in financial markets would reinforce the message being promoted by officials and tycoons alike: that tougher laws on dissent will bring calm to a city wracked by violent protests. The city’s leader Carrie Lam cited gains …read more […]
Business News
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
The Japanese government has guaranteed almost a third of the 7l3 billion yen ($6.65 billion) in loans Nissan Motor Co has secured from its main lenders to weather the COVID-19 pandemic, according to three people with knowledge of the plans.
Business News
China says Canada is an accomplice of U.S. in Huawei case
China’s foreign ministry said on Friday that Canada is an accomplice to the U.S. government’s efforts to bring down Chinese tech giant Huawei and said Canada should immediate release Huawei executive Meng Wanzhou.