Tesla’s market-crushing performance this year will continue, according to one Wall Street firm. Baird told its clients the long term opportunity for the company’s recently launched Model 3 is larger than investors think. “We expect strong demand for the Model 3 and believe the total addressable market will likely be underestimated, but think it will […]
Read moreGerman Chancellor Angela Merkel launched her re-election campaign with a scathing attack on German auto bosses on Saturday yet the electorate is unlikely to have been inspired by the criticism, according to ING Germany’s chief economist. Merkel, campaigning to secure a fourth term in office, accused auto industry chiefs of “destroying trust” in the sector […]
Read moreWith U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax. While tax cuts for business have garnered the most headlines, lobbyists and lawmakers have conceded that rewriting the […]
Read morePresident Donald Trump on Monday will order his top trade adviser to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said on Saturday. The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump […]
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Four of this year’s five best-performing large ETFs have something in common. Among all the U.S.-listed exchange-traded funds with more than $2 billion in market value, the top dog is the iShares MSCI China ETF (MCHI), which is up 34 percent through Friday’s close. Following closely behind is the iShares MSCI All Country Asia ex […]
Read moreThe Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. More than any other industry, autos have been the focus of U.S. […]
Read moreCurrency, United States Finance
London property sales slump as Brexit bites but Indians seeking ‘safe haven’ may take up slack
Prime property in central London has lost its attractiveness among global investors due to the uncertainty over the country’s future relationship with the European Union. Sales in central London have tanked 41 percent in the first quarter of this year to just 3406 sales compared with the previous year, data from real estate investment adviser […]
Read moreMargins at German energy group RWE‘s gas-fired power plants were higher than expected in the first half, it said on Monday, and it now expects full-year profits to be at the upper end of itsoutlook range. Shares in the group, which focuses on conventional power generation and energy trading, were up 2.5 percent at 0745 […]
Read moreSAN FRANCISCO — Uber’s board has voted to move forward on proposals by two investment groups to buy shares in the ride-hailing service and is considering a third offer, with any final decision set to affect who gains the upper hand at the company. Over the last week, the privately held company’s board voted to […]
Read moreJapan’s economy grew better than expected in the second quarter, but a lack of wage growth in the economy and labor shortages are likely to cause problems, markets watchers tell CNBC. “Despite this very tight labor market there’s very little wage growth in Japan. I suppose you could argue there are echoes of that in […]
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