Blogs

Tesla sues U.S. government to overturn Trump administration tariffs on China

Tesla sues U.S. government to overturn Trump administration tariffs on China

KEY POINTS Tesla is suing the U.S. government and U.S. Trade Representative Robert Lighthizer over the Trump administration’s tariffs on parts Tesla imports from China to manufacture its electric cars ...
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Apple, Microsoft, Amazon and Alphabet are buys at these levels, Jim Cramer says

Apple, Microsoft, Amazon and Alphabet are buys at these levels, Jim Cramer says

KEY POINTS Apple, Microsoft, Amazon and Google-parent Alphabet have reached attractive valuations, CNBC’s Jim Cramer told investors Monday. “I think the reversal today ... was your key to start doing ...
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OPEC and non-OPEC allies to review oil production cuts after dire demand warnings

OPEC and non-OPEC allies to review oil production cuts after dire demand warnings

KEY POINTS OPEC and non-OPEC allies, sometimes referred to as OPEC+, will convene for an online meeting to review the market and discuss compliance with deep production cuts. Analysts do ...
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GDP of ‘developing Asia’ set to contract for the first time in nearly six decades, ADB says

GDP of ‘developing Asia’ set to contract for the first time in nearly six decades, ADB says

KEY POINTS ADB said GDP in developing Asia will contract 0.7% this year and three-fourths of the region’s economies are set to register negative growth for 2020. That includes countries like Singapore, ...
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U.K. unemployment rose in July despite lockdown lifting, with more job losses likely

U.K. unemployment rose in July despite lockdown lifting, with more job losses likely

(CNBC) Unemployment in the U.K. has risen in the three months to July, the latest official data published Tuesday showed, despite this period marking the beginning of looser restrictions. The ...
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The U.S. needs $3 trillion in fiscal stimulus to support coronavirus-hit economy, says economist

The U.S. needs $3 trillion in fiscal stimulus to support coronavirus-hit economy, says economist

KEY POINTS The U.S. needs around $3 trillion in fiscal stimulus to support its pandemic-hit economy, said William Lee, chief economist at Milken Institute. Congress and the White House remain in ...
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Bank Of America's Relative Position Is Stronger Than You Might Think

Bank Of America’s Relative Position Is Stronger Than You Might Think

Summary The global economy shows continued potential for volatility, and income-focused investors are looking for stocks that provide additional dividend protection to safeguard against a downward correction in equities valuations ...
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World economies are still quarters away from returning to pre-coronavirus levels, warns Amundi

World economies are still quarters away from returning to pre-coronavirus levels, warns Amundi

KEY POINTS Economies around the world may still be quarters away from recovering to their pre-pandemic levels, though the worst of the economic shock appears to be over, according to ...
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Tesla tests the circuits for German energy market push

Tesla tests the circuits for German energy market push

FRANKFURT (Reuters) - Elon Musk appears to be opening a new front in the European battle for electric car supremacy: the power behind the wheel. Musk’s Tesla (TSLA.O) has recently ...
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Warren Buffett’s Berkshire Hathaway buys stakes in Japan’s five leading trading companies

Warren Buffett’s Berkshire Hathaway buys stakes in Japan’s five leading trading companies

KEY POINTS Warren Buffett’s Berkshire Hathaway has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. Berkshire acquired the holdings in Itochu Corp., ...
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