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 […]
Japan’s Nissan Motor Co will spend around $900 million to build a new auto assembly plant in China that will increase production capacity in the company by 30 percent, the Nikkei newspaper reported on Monday.
The bull market in stocks is poised this week to break the record as the longest in the history of U.S. trading. If the market doesn’t drop significantly in the three days through Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. It’s a record that few would have predicted when stocks struggled to find their footing after a 50 percent plunge during the financial crisis. …read more […]
PepsiCo will buy household drink-machine maker SodaStream for $3.2 billion as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market.
PepsiCo will buy household drink-machine maker SodaStream for $3.2 billion as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market. Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavoured syrups to carbonated water, but it faded in popularity as soft drinks became cheaper. PepsiCo will pay $144 per SodaStream share in cash, representing a 10.9 percent premium to Friday’s closing price of SodaStream’s U.S.-listed stock and …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
