Check out which companies are making headlines before the bell: Lennar — The home builder reported quarterly profit of 91 cents per share, beating consensus estimates by 13 cents, while revenue was also well above forecasts. Lennar saw a 12 percent jump in new home order volume, with a 17 percent increase in dollar volume. […]
Read moreShares of Tesla rose nearly 3 percent in the premarket Tuesday after Bloomberg News reported the electric car company is close to a deal to produce cars in China. The report, which cites people familiar with the matter, said the deal would allow Tesla to build facilities in Shanghai’s Lingang development zone. An official announcement […]
Read more
The world has been given a peek at Boeing’s plans for a new small twin-aisle aircraft, unofficially dubbed the 797. Boeing (BA) released the first image of its new “middle-market airplane” at the Paris Air Show on Tuesday as a teaser for what will be the company’s first new airliner since its 787 Dreamliner. Source: […]
Read more
JUHA JARVINEN, an unemployed young father in a village near Jurva, western Finland, brims with ideas for earning a living. “I’m an artist and entrepreneur. Sometimes I’m too active, I don’t have time to stop,” he says. He just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, […]
Read more
Here’s what Trump has said about bringing back coal jobs The rapidly falling cost of solar energy is going to make it difficult for President Trump to deliver on his promise to put coal miners back to work. Trump has taken steps to ease the burden on coal country by ripping up environmental rules and […]
Read moreFresh stock market records could be creating a false sense of security in the market. Gluskin Sheff’s David Rosenberg, one of the first Wall Street strategists to turn bullish following the 2008 financial crisis, says investors could be taking on a lot more risk than they think by pouring money into U.S. equities. It comes […]
Read moreBritish supermarket chain Tesco Plc said on Tuesday a computer glitch had resulted in the cancellation of many home deliveries and disrupted services nationwide. “We experienced an unforeseen technical fault which resulted in the forced cancellation of many orders due to a complete system failure” Tesco said on Twitter after customers complained via social media […]
Read moreCurrency, United States Finance
Europe must avoid fragmentation of financial markets post-Brexit, urges UK’s Hammond
Britain’s finance minister Philip Hammond has urged for continued collaboration between the U.K. and European financial services businesses as Brexit talks enter into their second day. In his annual Mansion House address, Hammond sought to reassure City of London leaders that U.K. businesses could continue to operate with the EU while it establishes its new […]
Read moreThe good news on IPOs for the first half of 2017: There are a lot more of them than last year. The bad news: It’s still not great. Halfway through the year, 66 companies have gone public so far, according to Renaissance Capital. The good news is that 11 more companies are going to try […]
Read moreCurrency, United States Finance
Europe achieves nothing but a new arms race with further sanctions against Russia, says VTB Bank CEO
The European Union has achieved nothing with sanctions against Russia and any extension to such measures from the bloc’s foreign ministers could lead to a new arms race, according to the chief executive of Russia’s VTB Bank. “Did the west achieve anything with (previous) sanctions? Whether the world became a better place to live, whether […]
Read more