Oil prices rose by over 1 percent toward $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.
The current bull market is likely to continue galloping for years to come, pushing the Dow Jones Industrial Average above 40,000 by 2025. …read more […]
Volkswagen said it has agreed to cooperate with China’s FAW Group and the China Intelligent and Connected Vehicles Research Institute (ICV) on technologies including e-mobility, connectivity and autonomous driving.
U.S. stock index futures rose on Tuesday, as focus turned to the U.S. corporate earnings season that kicks off this week, while worries of a trade dispute took a back seat in the wake of encouraging economic data.
Tesla Inc. is planning a factory in China with a capacity for 500,000 vehicles a year, its biggest step beyond the U.S. so far, according to people familiar with the matter. Tesla is due to sign a memorandum of understanding with local entities in Shanghai, the people said, asking not to be identified as the information isn’t public. Bloomberg reported earlier that Chief Executive Officer Elon Musk would be in the city for an event with the government on Tuesday. …read more […]
Airbus unveiled a new identity for the 110-130-seat CSeries passenger plane on Tuesday as it prepares to broaden its battle with Boeing to small passenger jets.
Here are five nuggets of wisdom from some of the best investors of all time. …read more […]
PepsiCo Inc reported second-quarter revenue and profit that topped Wall Street estimates as higher sales in its Frito-Lay unit in North America helped offset sluggish demand for beverages.
Musk has floated a number of ways to rescue the Thai soccer team stuck in a cave, and sent engineers to the site. The Thai prime minister said he was “highly appreciative” of Musk’s initiative. Elon Musk has floated a variety of ways to help free the members of the Thai soccer team — but his kid-sized submarine has been politely rejected for being “not practical” for the mission. …read more […]
Thyssenkrupp’s workers and its leading shareholder will serve as an anchor of stability at the company following the sudden departure of Chief Executive Heinrich Hiesinger, they told a German regional newspaper.
PepsiCo Inc reported a 2.4 percent rise in quarterly revenue on Tuesday due to higher sales growth in its Frito-Lay unit in North America that helped offset weak demand for beverages.
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The move is the earliest indication of how much higher Chinese tariffs on certain U.S. imports will flow through to buyers, with other automakers likely to follow suit or shift a greater portion of production to China. “It’s only chapter one of this story,” said James Chao, a Shanghai-based analyst at consultancy IHS Markit, …read more […]
Airbus expects to sell a double-digit number of CSeries jets this year and sees demand for at least 3,000 of the planes over the next 20 years, said CSeries sales chief David Dufrenois.
Oil prices rose by more than $1 dollar per barrel on Tuesday due to growing global supply outages, with Norway shutting down one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.
World shares hovered near three-week highs on Tuesday, supported by optimism about U.S. company earnings and expectations that global economic growth can withstand trade tensions, although political bickering kept British markets on the backfoot.
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