Category: Uncategorized
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Kamala Harris is closing in on the perfect economic message—but the left’s price-gouging exaggerations could undermine it
Following her latest economic policy speech, Vice President Kamala Harris and Stephanie Ruhle discussed Harris’s economic plan, including her controversial pledge to pass a new federal law against price gouging. When pressed on how this matches her belief in the capitalist system, the Vice President responded, “I am never going to apologize for going after companies and…
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Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites
Stellantis, the parent company behind Detroit brands Jeep, Ram and Chrysler, slashed its forecast for the full year on Monday in the latest alarm for a global car industry rocked by crisis. Shares in the Netherlands-domiciled group tumbled roughly 15% in trading in Europe, and were set for a similarly rough opening in U.S. trading,…
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Bitcoin and crypto stocks sink after last week’s rally
Bitcoin. Nurphoto | Getty Images Bitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month. The flagship cryptocurrency was last lower by 3.5% at $63,612.63, after briefly reclaiming the $65,000 level last week, according to Coin Metrics. Crypto stocks…
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Chinese stocks are on fire, and this sector is poised to benefit
The Chinese stock market just had its best single day in more than a decade. The mainland CSI 300 index surged 8.5% on Monday , its biggest one-day gain since September 2008. That pushed the benchmark to its highest level since August 2023. It’s also the last trading day of the week in China due…
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Ford EV benefits program aims to boost sales
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program…
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‘No challenges can stop China’s progress’ Xi Jinping says in 75th anniversary speech
China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day. Adek Berry | Afp | Getty Images BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s…
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Iran’s response to Israel is a choice between revenge and survival
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via Reuters Iran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah…
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NIO, STLA, MSTR and more
Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc.…
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German inflation drops to 1.8% in September, below expectations
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024. Krisztian Bocsi | Bloomberg | Getty Images The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come…
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DirecTV is buying rival Dish to create a pay-TV giant—over 20 years after it first tried
DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years, as seeks to better compete against streaming services that have become dominant. DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of…