Articles by admin

A former LVMH executive is weighing in on the automotive industry — and singled out Tesla for its ‘disastrous’ cybertruck. …read more […]

(Bloomberg) — Private equity funds are picking through the rubble of India’s crisis-stricken shadow banking sector, even as other investors balk.The funds have invested about $2 billion this year in the country’s non-bank financing sector, which is worth some $40 billion. While that’s not enough to staunch the 16-month long cash crunch following the collapse of IL&FS Group, it is 50% higher than the average over the last four years and comes after a strong 2018, according to data from research firm Venture Intelligence.Investing in India’s shadow banks involves some serious risks. Slowing economic growth could drag more financiers into …read more […]

Rosneft has begun delivering crude oil shipments from its massive Russkoye oil field in the Arctic just a few short days before the OPEC meeting …read more […]

Tiffany & Co. (TIF) said yes. The luxury jeweler is gearing up to be bought by LVMH (MC.PA) after the luxury retailer proposed with a $16.2 billion deal. …read more […]

(Bloomberg) — The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.Around noon in New York, 5,000 lots for a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce.“It’s like 18-month term life insurance; what will the world look like if gold is at $4,000,” Tai Wong, the head of metals derivatives trading at BMO Capital Markets, said in an email. “They are hoping for …read more […]

Boeing faces a new hurdle after the FAA announced it will independently review hundreds of the new 737 Max planes. Yahoo Finance’s Jared Blikre joins Akiko Fujita to discuss on The Ticker. …read more […]

Shares of Dell are sinking after the tech company slashed its full year revenue guidance, citing a shortage of chips from Intel have hurt its growth prospects. Yahoo Finance’s Dan Howley joins Akiko Fujita to discuss on The Ticker. …read more […]

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

The Justice Department has closed an antitrust investigation into a trade group that includes Verizon and AT&T among its members and which had been criticized for making it harder for consumers to switch carriers. The technology called eSIM allows consumers to switch wireless providers without having to insert a new physical SIM card, an identifying microchip. Previously, there had been allegations that the standard was set in a way that made it harder to switch carriers and to make it harder for new wireless companies to enter the market. …read more […]

The retail portion of Saudi Aramco’s initial public offering (IPO) has been fully covered, with orders reaching 32.57 billion Saudi riyals ($8.7 billion), lead manager Samba Capital said on Wednesday. The state-owned oil giant plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals ($25.6 billion) and giving the company a market value of between $1.6 trillion and $1.7 trillion. Aramco has said at least one-third of the sale is expected to be covered by …read more […]

The fuselage of Boeing Co’s upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, Boeing said on Wednesday. The world’s largest planemaker suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. The Seattle Times, which first reported new details on the testing issue https://bit.ly/35AdjgE, said photos it had obtained of the test on the 777X showed that the extent of the damage was greater than previously disclosed and earlier reports were wrong …read more […]