Trading Ideas
Tesla's prototype Semi has a 'Mad Max' Autopilot mode
You didn’t think Tesla’s Semi truck would go without a Ludicrous-like software …read more […]
Articles by admin
Business News
Advent takes over GE distributed power unit for $3.25 billion
NEW YORK/FRANKFURT (Reuters) – U.S. buyout group Advent agreed to buy General Electric Co’s distributed power unit for $3.25 billion, the companies said on Monday, marking GE’s exit from a growing segment of the power business.
Business News
U.S. Treasury’s Mnuchin says new investment curbs not specific to China
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Monday that forthcoming investment restrictions from the department will not be specific to China but would apply “to all countries that are trying to steal our technology.”
Business News
We’ve changed, Uber tells court in battle to keep London license
LONDON (Reuters) – Uber [UBER.UL] accepted it had made mistakes but said it had changed on Monday in a court challenge to a decision stripping it of its London license after it was ruled unfit to run a taxi service in its most important European market.
Business News
Wall Street drops as trade fears keep investors on edge
(Reuters) – Wall Street fell on Monday, with technology and industrials bearing the brunt of an escalating trade dispute between the United States and other leading economies.
Trading Ideas
GE's Capital 'Permanently Impaired' by M&A Pattern, First Eagle Says
Jun.25 — Matthew McLennan, head of global value team at First Eagle Investment, discusses General Electric’s M&A strategy as the company agrees to sell its industrial gas-engine business to Advent International in a $3.25 billion deal. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.” …read more […]
Trading Ideas
Why Trump's trade war hasn't tanked the market or the economy yet
business confidence has been hurt by the prospect of a global trade war, but a couple major tailwinds are helping the United States stave off a crash … for now. …read more […]
Trading Ideas
U.S. Supreme Court backs American Express in merchant fee dispute
The U.S. Supreme Court on Monday sided with American Express Co and against 11 states, ruling that the company’s policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law. Spurning states that had sued American Express, the justices upheld a lower court decision that had cleared the company of unlawfully stifling competition through so-called anti-steering provisions in its contracts with merchants. Shares of American Express moved higher after the ruling and were last up 2.2 percent at $99.41. …read more […]
Trading Ideas
Harley-Davidson to move some production out of U.S. to avoid EU tariffs
The shift in production is an unintended consequence of U.S. President Donald Trump’s administration imposing tariffs on European steel and aluminum early this month, a move designed to protect U.S. jobs. …read more […]
Business News
U.S. Supreme Court backs American Express in merchant fee dispute
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday sided with American Express Co, ruling that the company’s policy of forbidding merchants from encouraging customers to use rival credit cards with lower fees does not violate federal antitrust law.
Business News
Rebound in South powers U.S. new home sales in May
WASHINGTON (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
Trading Ideas
Carnival shares sink on outlook, cost concerns
Carnival Corp. shares tumbled Monday after the cruise operator gave a weaker-than-expected outlook, citing growing fuel costs. The stock fell $6.11, or 9.6 percent, to $57.42 in morning trading. The lackluster … …read more […]
Business News
U.S. new home sales surge in May, boosted by South
WASHINGTON, (Reuters) – Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
Business News
Advent to acquire GE’s distributed power business for $3.25 billion
FRANKFURT (Reuters) – U.S. buyout group Advent has agreed to buy General Electric’s (GE) distributed power operations for $3.25 billion, the companies said on Monday.
Trading Ideas
AT&T buys online ad marketplace AppNexus, GE to sell off industrial engine unit, Harley-Davidson moving production
AT&T, General Electric, Harley-Davidson, Apple and Molson Coors are the companies to watch. …read more […]