10.09 +0.05 (0.50%)
Pre-market: 8:29AM EDT
|Bid||10.02 x 800|
|Ask||10.09 x 36900|
|Day's range||9.94 - 10.09|
|52-week range||7.41 - 12.05|
|Beta (3Y monthly)||0.97|
|PE ratio (TTM)||12.93|
|Earnings date||24 Jul 2019|
|Forward dividend & yield||0.60 (6.30%)|
|1y target est||10.44|
Draghi's decision to take a dovish approach comes a day before the Fed’s policy decision. Fed Chair Jerome Powell is also expected to take a dovish stance, but a rate cut this month looks quite improbable.
The Fed's two-day meeting is scheduled to start on June 19. The Fed will release a statement and announce its interest rate decision on the same day. Expert Jim Grant weighs in on the possibility of an interest rate cut.
To thrive, brands need to make themselves indispensable, suggests Elspeth Chueng, global director of the brand equity database BrandZ: “It’s not just about the product, but what consumers need in their daily lives.” As prices rise to compensate for higher tariffs — $200bn imposed by the US and $60bn by China in May — brands will need to justify that extra money. Just take US car companies in China, which are feeling the strain already. Sales in China have dropped for the first time since 1990, partly as a result of trade war uncertainty prompting consumers to hold back on purchases.
GM is one of many automakers trying to chase Tesla (TSLA) as the top electric and autonomous vehicle manufacturer, with plans to produce 20 models of electric cars by 2023.
On June 12, Ford announced a recall for ~1.2 million Ford Explorers in the US and 28,000 Explorers in Canada. The defect could increase the risk of a crash by diminishing the steering control.
Taking cues from the broader market movement, most auto companies traded on a slightly positive note last week. General Motors, Fiat Chrysler, and Toyota rose 0.5%, 0.5%, and 1.6%, respectively.
Earlier today, US Commerce Secretary Wilbur Ross once again hinted at President Donald Trump’s willingness to impose auto tariffs on Europe. While talking to CNBC, Ross said that he is positive about a US-Europe trade deal.
Car sales in China, the world’s biggest automotive market, fell year-over-year in 2018 for the first time in more than two decades. Automotive sales have contracted in China for 11 consecutive months now. The slowdown only seems to be deepening, and last month, China’s car sales fell a whopping 16.4%.
With Tesla (TSLA) shares running out of gas in recent months, one shareholder says he’s never been more bullish on the company and its CEO Elon Musk. HyperChange CEO Galileo Russell is scooping up as many shares as he can with all of his available capital because - unlike some of the skeptics in this market - he really believes in the Tesla growth story.
Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound.
Ford (F) to close its engine plant in Bridgend, South Wales, U.K. Fiat Chrysler (FCAU) to tie up with Aurora for autonomous technology.
Car giant Volkswagen's talks on co-operation with US-based Ford concerning electric vehicles and automated driving are "close to completion", the German company's chief executive Herbert Diess said Thursday. "Talks on cooperation with Ford on (electric vehicle platform) MEB and automated driving are going well and are close to completion," Diess told a meeting of almost 500 Volkswagen managers in Wolfsburg. In March, Diess said Ford could be granted a license to use VW's Modular Electric Toolkit "MEB" platform -- the technical underpinnings of all the future electric cars planned by the German giant.
After five decades of producing high-flown tragedies, Giuseppe Verdi ended his operatic career with what was only his second comedy — his first had flopped disastrously half a century before. Falstaff is generally reckoned one of the outstanding achievements of the comic opera genre, but this blend of pinpoint wit and senior wisdom remains an almighty challenge to cast and — with its multiple complex ensembles — to perform. Conducted by the exceptional Francesco Cilluffo, Christopher Luscombe’s production for The Grange Festival succeeds beyond any possible expectations.