Business News
Volvo to test full-size driverless bus in Singapore
Sweden’s Volvo Buses and Singapore’s Nanyang Technological University (NTU) on Tuesday unveiled a full-size autonomous electric bus for testing this year in the city state.
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Business News
Codelco’s lithium push fades in favor of copper
With the global race to secure lithium heating up in 2016, Chile’s president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world’s lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.
Business News
China says Canadian stole secrets; Huawei to sue U.S.
China’s government and its leading smartphone maker, Huawei Technologies Ltd, stepped up pressure on Monday on the U.S. and Canadian governments in a dispute over trade and telecoms technology that has ensnared Huawei’s CFO, who faces U.S. criminal charges.
Business News
Japanese court grants bail to ex-Nissan chair Ghosn after more than three-month detention
A Japanese court granted bail to ousted Nissan Motor Co Ltd chairman Carlos Ghosn on Tuesday more than three months after his arrest for alleged financial crimes, on condition he submit to video surveillance and communications monitoring.
Business News
Tokyo court grants bail to ex-Nissan chair Ghosn after more than three-month detention
A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said.
Business News
Oil falls as China trims economic growth target, but OPEC-led cuts support
Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.
Business News
Tokyo court grants bail to ex-Nissan chair Ghosn after more than 3-month detention
A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nissan Motor Co Ltd who is fighting charges of financial misconduct, after more than three months in detention, Ghosn’s lawyer said.
Business News
Google plans to ban political ads before Canada election
Alphabet Inc’s Google will ban political advertising on its platform before the Canadian federal election, after the country introduced stringent transparency rules.
Business News
Asian shares retreat as China targets slower growth
Asian shares stepped back on Tuesday, weighed by U.S. growth concerns and as China cut its economic expansion target amid growing challenges from rising debt and a dispute over trade and technology with the United States.
Business News
Volkswagen signs e-vehicle startup as first partner for production platform
Volkswagen has signed German start-up e.GO Mobile as the first external partner for its modular platform for electric vehicles (EV), as it seeks to simplify production across a variety of models.
Business News
Oil falls on weak demand growth outlook; OPEC-led cuts support
Oil prices fell on Tuesday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support.
Trading Ideas
America’s Retirement Crisis (and How We Can Help)
Let’s be honest. The U.S. has a serious retirement problem…
The Club’s Bond Strategist Steve McDonald writes extensively about this issue.
About 42% of Americans have less than $10,000 saved for retirement.
Even most of those with retirement accounts don’t have enough to last a long retirement. The median account balance for Americans nearing retirement is $15,000.
And that money is supposed to last them the rest of their lives!
Don’t look to the government for help. Social Security’s reserve funds will be depleted by 2034. Medicare will most likely become insolvent by 2026. The country is in massive debt… and so are many Americans.
The …read more […]
Business News
Japan’s Subaru announces biggest-ever global recall over brake lights
Subaru Corp is recalling around 2.3 million vehicles globally over a brake light problem, the automaker’s biggest-ever recall as it grapples with a series of quality-related issues following rapid expansion.
Business News
JPMorgan stays with Venezuela in emerging bond indexes: fund managers
JPMorgan has retained dollar-denominated debt issued by Venezuela’s state-run oil company PDVSA in a key emerging market bond index as part of its monthly rebalancing, according to two fund managers.
Business News
Intellia CEO not involved in Starboard’s Bristol-Myers board challenge
Intellia Therapeutics Inc Chief Executive John Leonard, who U.S. drug maker Bristol-Myers Squibb Co said last week was nominated by hedge fund Starboard Value LP to sit on its board, is not affiliated with the effort, an Intellia spokeswoman said on Thursday.