As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.
Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.
Japan’s Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 – part of a 60 billion yuan ($8.73 billion) strategy to become a top three player in the world’s largest auto market.
Slashing its price target for Tesla Inc (TSLA.O) from $308 to $195, the brokerage said it did not believe Chief Executive Officer Elon Musk had the funding for a plan announced by tweet just under two weeks ago. Analysts from the U.S. bank had upped its forecast from $198 to $308 after a surge in Tesla stock following Musk’s tweets on Aug. 7 but its analysts said they now thought the deal was a long way from completion. The median price target of the Wall Street analysts covering Tesla is $336. …read more […]
U.S. stock index futures pointed to a higher open on Monday as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade row.
Standard Chartered will likely have to wait until the autumn at the earliest for approval from German and European banking regulators to turn its Frankfurt branch into its European Union subsidiary, a spokeswoman for the bank said on Monday.
Tesla Inc shares fell 7 percent early on Monday as a $113 cut in JPMorgan Chase’s price target for the electric carmaker added to growing doubts among market players about a plan to take the company private.
Tesla Inc.’s shares continued to fall pre-market on Monday after JPMorgan analyst Ryan Brinkman slashed his price target on the stock, saying that funding for the “going private” deal does not appear to be secured. Brinkman, who had hiked his price target on Tesla after Elon Musk’s Twitter statement about taking the company private, lowered it to the earlier level of $195 from $308. “The revelation the Saudi fund is subsequently asking Tesla for details of how the company would be taken private suggests to us that any deal is potentially far from even being formally proposed,” the …read more […]
Shares rose worldwide on Monday on hopes of a resolution to the U.S.-China trade row at talks this week, while Turkey’s lira fell after cuts to the country’s credit ratings and shots were fired outside the U.S. embassy in Ankara.
PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.
U.S. stock index futures rose on Monday on hopes that planned trade talks between the United States and China would help resolve escalating trade tensions between the world’s two largest economies.
The energy giant is lagging badly today, but it’s working toward a much brighter future — which could be good for investors who can stomach the bad headlines. …read more […]
T-Mobile US Inc is asking smaller wireless operators that piggyback off its network to issue public statements or even write newspaper editorials to help persuade antitrust regulators to approve its proposed $26 billion acquisition of Sprint Corp .
Germany’s current account surplus is set to remain the world’s largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel’s fiscal policies. The International Monetary Fund and the European Commission have for years urged Germany to do more to lift domestic demand and imports as a way to reduce global economic imbalances and stimulate growth elsewhere. Since his election, U.S. President Donald Trump has also criticised Germany’s export strength. …read more […]
Attorney Misty Marris on concerns about the future of Tesla and CEO Elon Musk’s health. …read more […]
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