Oil prices fell on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year prevented a bigger fall in prices.
(Bloomberg) — Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said, betting the move will lure buyers as the world’s biggest electric-vehicle market slows.Tesla aims to bring down costs by using more local components, allowing it to import fewer parts and avoid tariffs, the people said, asking not to be identified as the matter isn’t public. Prices of the cars, which will be built in Tesla’s new Shanghai factory and start at 355,800 yuan ($50,800), will probably be lowered from the second half of …read more […]
The SUV boom is sucking up the oxygen, leaving little air for passenger cars. Which is why automakers are killing car models left and right. …read more […]
Asian stocks camped out at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking fresh wounds as revived Brexit fears came back to haunt it.
Asian stocks camped out at 18-month peaks on Wednesday having climbed for five straight sessions, while the British pound was licking fresh wounds as revived Brexit fears came back to bite it.
An associate producer on the CBS current affairs TV show “60 Minutes” filed a lawsuit on Tuesday alleging gender discrimination and retaliation by the company after she complained about inappropriate conduct by her boss.
A U.S. bankruptcy judge approved on Tuesday PG&E Corp’s $13.5 billion settlement with victims of Californian wildfires, and the company’s stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned.
An Ireland-based plane lessor sued Boeing Co on Tuesday for breaching a contract for 22 of the U.S. planemaker’s 737 MAX aircraft and sought a compensation of $185 million.
Oil retreated on Wednesday after rising more than 1% in the previous session as U.S. industry data showed a surprise build in crude stocks, but hopes for firmer demand next year checked a deeper fall in prices.
PG&E Corp said on Tuesday it submitted a multi-party settlement agreement related to the 2017 and 2018 wildfires in Northern California to the California Public Utilities Commission (CPUC).
Q4 2019 Anavex Life Sciences Corp Earnings Call …read more […]
Treasury Secretary Steven Mnuchin said it’s interesting that, in a increasingly digital world, “the demand for U.S. currency continues to go up.” …read more […]
(Bloomberg) — Bankrupt utility giant PG&E Corp. won court approval for its $13.5 billion plan to compensate the victims of catastrophic fires blamed on its equipment, as a well as a deal with insurers.Judge Dennis Montali’s ruling is a major victory for PG&E. The company has spent months trying to gain support for a viable restructuring plan so it can emerge from the biggest utility bankruptcy in U.S. history by a state-imposed deadline of June 30, 2020.The company filed for Chapter 11 in January after its power lines were tied to deadly blazes that erupted across Northern California in 2017 …read more […]
FedEx Corp on Tuesday issued its second warning for fiscal 2020 profit as it spent heavily to launch Sunday delivery in time for the holidays, the continued tariff fight restrained global trade, and it grappled with fallout from its breakup with Amazon.com.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that’s why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […] …read more […]
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