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Shares in US automakers have motored ahead by more than 2 per cent in pre-market trade — and taken European rivals along for the ride — after media reports China is moving towards cutting the tariffs it placed on American-made vehicles. that “China has agreed to reduce and remove tariffs on cars coming into China from the US” No further details or timeline were provided, and Beijing did not immediately confirm any change in duties. China is moving towards cutting the tariffs on US auto imports to 15 per cent from 40 per cent, according to Bloomberg, which cited people familiar with the matter.
Of the 22 Reuters-surveyed analysts tracking Sprint (S) stock on December 4, 14 (~63%) recommended “hold,” five recommended “sell,” and three recommended “buy.” Their median target price of $6 for the stock implies a 2.6% downside over the next 12 months from its current price of $6.16.
BEIJING (AP) — A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington.
Moody’s lowered AB InBev’s senior unsecured debt ratings to Baa1 from A3, putting the world’s largest beermaker three steps from junk, the ratings firm said in a statement Monday. AB InBev, based in Leuven, Belgium, has the biggest debt load in the global food and drink industry. If the Hoegaarden brewer can’t cut that ratio to 4.5 or lower by the end of 2020, Moody’s said it could lower the credit rating even further.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
In 2016, Horacio Gutierrez left his position as general counsel of Microsoft to help take Spotify, the music streaming company, public. Direct listings on the NYSE are now available for other companies. The IPO was just one of many areas where the legal team helped make a difference to Spotify.
Craig Glidden knew exactly what he was getting into when he joined the carmaker General Motors as its general counsel in March 2015. A company recall — and 124 deaths allegedly linked to the defect — had triggered civil suits, a congressional inquiry and a criminal investigation by the US Department of Justice. At stake was the company’s survival, whether victims would be adequately compensated and the trust of millions of consumers in the GM brands, which include Buick, Cadillac and Chevrolet.
In the latest trading session, General Motors (GM) closed at $34.42, marking a -0.78% move from the previous day.
Let’s see where Tesla stock might be headed this time. On December 7, Jefferies upgraded its “hold” rating on Tesla to “buy,” according to a CNBC report. Jefferies also raised its target price for Tesla stock to $450 from $360.
Stock futures signal more losses. The relative strength line spots market leaders, such as Tesla now. But Dow stocks Apple, Boeing and Visa show why you shouldn't buy on the RS line alone.
The United States and Australia have banned Huawei products from being used to build their 5G networks. According to a recent report by the Wall Street Journal, the United States has even gone the extra mile to ask friendly countries to shun Huawei products in their 5G network buildout. Huawei is a fierce rival of Ericsson (ERIC) in the telecom equipment vendor market.
The Zacks Analyst Blog Highlights: Fiat Chrysler Automobiles, General Motors, Ford Motor, Honda Motor and Toyota Motor
In my opinion, the single biggest influence on the Aussie and Kiwi at this time is U.S.-China relations. Even a Wall Street Journal article saying the Fed is likely to take a “wait-and-see” approach to future rate hikes failed to bring buyers into the AUD/USD and NZD/USD. Although we’re likely to see periodic rallies tied to oversold conditions or economic data, I don’t think the Australian and New Zealand Dollars will be able to mount a strong rally as long as there is uncertainty over the trade talks.
As of December 4, Sprint’s (S) market capitalization was $25.1 billion, making it the fourth-largest US mobile carrier. In comparison, T-Mobile’s (TMUS) market capitalization was $56.5 billion, Verizon’s (VZ) was $240 billion, and AT&T’s (T) was $223.7 billion.
WASHINGTON (AP) — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker contends with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers.
Inappropriate inspection of brakes, steering wheels, speed measurements and vehicle stability impels Nissan (NSANY) to recall 150,000 cars in Japan.
Fiat Chrysler's (FCAU) latest plan to manufacture Jeep Grand Cherokee SUVs in an idled Detroit plant in 2020 is likely to add at least 100 and at the most 400 jobs.
Sprint (S) closed at $6.16 on December 4. Based on that closing price, Sprint had a market capitalization of $25.1 billion, the lowest among major US mobile carriers. The stock was trading 28.1% above its 52-week low of $4.81 and 6.9% below its 52-week high of $6.62.
In the week that ended on December 7, the broader market turned negative again after seeing a recovery in the final week of November.
Outgoing IMF chief economist Maurice Obstfeld sees a sharper growth slowdown in 2020 compared to 2019. President Trump has imposed tariffs on billions of dollars of Chinese goods (FXI) despite opposition from companies like Amazon (AMZN) and Walmart (WMT).
Sprint (S) has been continuously spending to enhance its network. In the second quarter of fiscal 2018 (ended in September), Sprint’s cash capital expenditure (excluding leased devices) rose YoY (year-over-year) to $1.3 billion from $0.7 billion, mainly driven by higher spending on Next-Gen Network initiatives.