Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch’s monthly survey indicated on Tuesday.
Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of a plan to as much as double core earnings by 2022.
U.S. stock exchange futures were higher on Tuesday, helped by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Budget airline Ryanair hopes to find an agreement with German unions before Christmas, Chief Marketing Officer Kenny Jacobs said on Tuesday, after pilots and cabin crew staged a full-day walkout this month and threatened further strikes.
Visa Inc , Mastercard Inc , and a number of banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
In a recent blog post, Sears Holdings CEO Eddie Lampert suggested that high pension contributions were a major cause of Sears’ financial distress. It’s one more sign that the company’s leader has lost touch with reality. …read more […]
It is up to Beijing to take the next steps on trade talks, U.S. Commerce Secretary Wilbur Ross said on Tuesday as China vowed to retaliate after U.S. President Donald Trump imposed initial duties on $200 billion worth of Chinese goods.
U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world’s second largest economy – artificial intelligence.
Who’s afraid of the big bad trade war? Not world stock markets it seems.
New U.S. tariffs on Chinese imports represent an unfortunate escalation of global trade tensions and are the wrong method to force Beijing to reform, the European Union’s trade chief said on Tuesday.
EU antitrust regulators are investigating whether BMW , Daimler and Volkswagen colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers.
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will use Alphabet’s Google Android operating system in future vehicles – handing a victory to the U.S. tech giant which seeks to carve out a bigger share of the infotainment market.
Shares in Dutch digital mapping company TomTom lost over a quarter of their value on Tuesday, as carmakers Renault, Nissan and Mitshubishi announced a partnership with rival Google.
The company is expanding a test of a unique idea. …read more […]
Alibaba chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules.
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