Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images China’s real estate bonds were once key performance drivers for Asia junk bond funds, but the market share from property bonds has fallen as a result of the country’s property debt crisis. As a result, …
The S & P 500 — down about 20% so far this year — is on pace for its worst first half of the year since 1970. But fund manager Robert Luna believes it could be primed for a rally. “It’s definitely time for a rally talk because there’s a lot of pessimism out there right now, similar to what we …
Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs. Source link
U.S. stock futures fell Thursday night after the S&P 500 closed out its worst first-half performance in decades. Futures tied to the Dow Jones Industrial Average traded 114 points lower, or 0.4%. S&P 500 and Nasdaq 100 futures dipped 0.3% each. Micron Technology shares fell more than 2% in after-hours trading on the back of disappointing fiscal fourth-quarter guidance. Thursday …
DETROIT – It’s the beginning of the end for Tesla’s dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to around 11% in 2025, John …
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is making another attempt Thursday to clear a shareholder hurdle to raise new funds – over the objections …
Education remained the most popular category for Chinese consumer’s planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING — Chinese consumers’ inclination to save is at its highest in two decades, the People’s Bank of China found in a second quarter survey. …
A new European battery ecosystem could be in the cards, as the region seeks to be a leader in the global shift to electric vehicle adoption, according to Goldman Sachs . The bank names the key stocks along the battery value chain that it thinks could benefit from “Europe’s largest industrial transformation.” The bank estimates EV penetration in Europe will …
Now is the time to buy McDonald ‘s, a defensive name to ride out slowing consumer spending, according to Atlantic Equities. Analyst Edward Lewis upgraded the fast-food giant to overweight, saying in a note to clients Wednesday that the company is “more than just a defensive value-play” and a leader in the global quick-service restaurant space. “As the global consumer …
Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the U.S. central bank meets to decide its next monetary policy move …
