Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a thing of the past by 2050, the company said on Thursday.
Global stocks plunged into a bear market and oil slumped further on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves overnight to restrict travel from Europe over the spread of the coronavirus.
Unfortunately for some shareholders, the United Technologies (NYSE:UTX) share price has dived 31% in the last thirty… …read more […]
The stock markets have been see-sawing wickedly in recent sessions. The Dow Jones average has seen several daily swings of 1,000 points or more. Fears about the COVID-19 epidemic lie behind the increased volatility; the spread of the virus has shut down factories, slowed supply chains, and reduced consumer spending as governments have instituted quarantines and travel restrictions to combat the disease. While there are hints that workers in southeastern China are beginning to return to the factories, it is clear that the epidemic – now officially a pandemic – has not yet peaked.Wall Street is nervous, and even anticipated …read more […]
Investors are beginning to get very worried. …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […] …read more […]
Fears continue to rise around the coronavirus as more Americans test positive. Dr. Howard Foreman, professor at Yale School of Public Health, joins On The Move to discuss how to contain the the spread of COVID-19. …read more […]
Volkswagen’s expansion in electric cars will open up new business opportunities in storing and managing energy, encroaching on business currently dominated by utilities and energy firms, chief strategist Michael Jost said on Thursday.
Shares in Boeing Co dropped more than 16% on Thursday on increased concerns over a fallout from news of sweeping U.S. travel restrictions on Europe meant to curb the spread of coronavirus.
American Airlines Inc and Delta Air Lines Inc both said Thursday they will cap air fares on flights from Europe to the United States that are impacted by new travel restrictions as Americans flock to European airports trying to return home.
(Bloomberg) — It had all the trappings of a classic Warren Buffett deal. There were the preferred shares created just for him, the warrants giving him an option to buy more common stock and a hefty dividend — 8%, which came to a cool $800 million a year on the $10 billion he plunked down.On their face, the terms were so favorable for Buffett’s Berkshire Hathaway Inc. — and so onerous for the company, the oil driller Occidental Petroleum Corp. — that fellow billionaire investor Carl Icahn seethed with indignation. It was, he wrote, “like taking candy from a baby.”But …read more […]
To the annoyance of some shareholders, Phillips 66 (NYSE:PSX) shares are down a considerable 39% in the last month… …read more […]
Trading on Wall Street’s three main indexes was halted moments after the opening bell on Thursday as the S&P 500 slipped 7%, setting off an automatic 15-minute cutout, for the second time this week.
A group of investors in GameStop Corp on Thursday asked the video game retailer to appoint a shareholder nominee on its board, after a year-long standstill agreement with the company to not express concerns publicly expired recently.
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