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U.S. Has Identified 52 Sites to Hit if Tehran Retaliates Over Killing of General

(Bloomberg) — President Donald Trump said late Saturday the U.S. has identified 52 Iranian sites that it would hit if Tehran retaliates against the killing of Iranian General Qassem Soleimani, a day after saying the U.S. hadn’t made the move to “start a war.” Trump’s comment came after the U.S. and Iran traded threats following the deadly drone strike against the Islamic Republic’s most prominent military man, with Tehran promising a protracted response.The comment seemed to reverse the efforts of Secretary of State Michael Pompeo, who in the past two days has repeatedly reaffirmed that the U.S. remains committed to …read more […]

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Musk’s Moment of Truth Arrives as Made-in-China Teslas Roll Out

(Bloomberg) — Elon Musk’s decision to assemble Tesla Inc. cars in China required years of planning and billions of dollars in spending. Now comes the challenging part.The electric Model 3 sedans rolling off the assembly line at Tesla’s Shanghai plant — its first outside the U.S. — face a market where total vehicle sales are expected to fall for a third straight year. After capturing about 5% of China’s car sales, electric vehicles have been losing steam as the economy cooled and the government scaled back subsidies for buyers.That could spell trouble for a launch that investors are watching closely …read more […]

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Apple Shares End Years of Discount as Earnings Risk Seen Waning

(Bloomberg) — Apple Inc., the largest U.S. company by market value, has gotten little respect from equity investors. Until now.For the first time since 2011, shares of the iPhone maker have traded at a higher price-earnings ratio than the S&P 500 for months amid a year that saw the stock’s valuation almost double. It’s a reversal from the previous nine years, when concerns over a lack of product innovation kept the stock at a persistent discount to the market.Credit the shift in sentiment to Apple’s focus on tapping an ecosystem of nearly 1.5 billion users to generate a steady stream …read more […]

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Fear Hits Tehran Over What Might Come Next

(Bloomberg) — Their supreme leader promised revenge and thousands gathered in Tehran to watch American flags burn, but any show of defiance after the assassination of their most prominent military man is laced with anguish for many Iranians.In the capital, the strike that took out Al Quds commander Qassem Soleimani capped a year that had already been dominated by turmoil and fear as the country’s finances crumbled, the authorities struggled to contain civil unrest, and provocation of the U.S. backfired.“It’s a nerve-racking situation that only adds to the likelihood of more unforeseen circumstances,” said Hossein, 44, sitting on a park …read more […]