UPDATE 1-GM, Lyft set out self-driving car partnership, $500 mln investment
Posted on* General Motors to invest $500 mln in ride-sharing service Lyft read more >>> Source : Reuters
* General Motors to invest $500 mln in ride-sharing service Lyft read more >>> Source : Reuters
EPA and Justice Department sue Volkswagen seeking at least $16 billion in fines for violating Clean Air Act with cheating diesel cars. read more >>> Source : CNN Money
2015 is nearing a close, and the notion of planning is all around us. Plan your resolutions, plan your budgets, plan your projects. I came across a poem earlier this year that made me think about planning in general. It also brings in the topics of leadership, organizational structure, communication and a stark reality in […]
The US justice department is suing Volkswagen over the emissions scandal that saw the German car giant fit software to millions of cars to cheat emissions tests. read more >>> Source : BBC
* Yen hits 11-week peak vs dollar, highest vs euro since April read more >>> Source : Reuters
By David Randall NEW YORK (Reuters) – The year’s top-performing U.S.-listed global equities fund as rated by Morningstar sees Asian and emerging market stocks as undervalued and primed to outperform in 2016. Kristian Heugh, whose $641 million Morgan Stanley Global Opportunity fund gained 20 percent for the year through Dec. 29, said his fund has […]
Gun maker stocks are surging in a slumping market, as new federal data indicates a sales jump after 2015 ended with more mass shootings and growing political pressure to tighten regulation. read more >>> Source : CTVNews.Ca
NEW YORK, Jan 4 (Reuters) – The year’s top-performing U.S.-listed global equities fund as rated by Morningstar sees Asian and emerging market stocks as undervalued and primed to outperform in 2016. read more >>> Source : Reuters
Legendary boxer Mike Tyson now has a Bitcoin-trading app named after him. read more >>> Source : CNN Money
LIMA, Jan 4 (Reuters) – Peru’s central bank sold $80 million in the local spot market on Monday and the sol slipped 0.23 percent to finish trading at 3.422/3.423 per dollar, the lowest in nearly ten… read more >>> Source : Reuters
Stocks held near session lows in early afternoon trading Monday, hurt by a rout in China stocks overnight and increased tension in the Middle East. The Nasdaq slumped 2.5%, the Dow Jones industrial average lost 2.2% and the S&P 500 fell 2.1%. Volume on the NYSE and Nasdaq was tracking sharply higher than Thursday’s levels […]
The U.S. Department of Justice and the Environmental Protection Agency are suing German carmaker Volkswagen for falsifying the emissions on 600,000 diesel vehicles in the U.S. read more >>> Source : CBC.Ca
U.S. federal authorities are suing Volkswagen over emissions-cheating software found in nearly 600,000 vehicles sold in the United States. read more >>> Source : CTVNews.Ca
For the 31st year in a row, Blackstone’s vice chairman and investing guru Byron Wien has released his 10 surprises for the year. These are things Wien believes have a better-than-50% chance of happening, but the average investor anticipates a less than 30% likelihood of occurring. Wien started this tradition in 1986 when he was […]
The Justice Department is suing Volkswagen over an emissions-cheating scandal that has affected hundred of thousands of vehicles in the US and millions worldwide. Join the conversation about this story » NOW WATCH: How to cut and drink a fresh coconut read more >>> Source : BusinessInsider.Com
“Violent New Year fireworks,” is how one analyst summed up events on Wall Street where the Dow fell 450 points having its worst opening day in 84… read more >>> Source : EuroNews.Com
By Steve Nicastro Don’t become a small-business statistic. Nearly half of small businesses don’t make it past the first five years, according to the U.S. Small Business Administration. Optimistic owners may underestimate the costs of starting a business, run up too much debt or have bad personal credit that keeps them from getting a business […]
What’s the likelihood of a “scorched earth” oil-price battle between Iran and Saudi Arabia? The experts weigh in. read more >>> Source : CNBC.Com
Pizza Hut and Papa John’s start new year with new sales offer to spur sales growth at U.S. stores. read more >>> Source : CNN Money
Jan 4 (Reuters) – Oculus, the virtual reality company owned by Facebook Inc, said on Monday it would take preorders for its much-awaited virtual reality headset, Rift, from Wednesday. read more >>> Source : Reuters
Electric car company Tesla Motors said it delivered 17,400 vehicles in the October to December quarter. That brings its sales for the whole year to a record 50,580 as it moves to ramp up production of its newest model. read more >>> Source : CBC.Ca
US manufacturing slowed by the greatest amount for six years in December, according to the Institute for Supply Management. read more >>> Source : BBC
You’ve probably heard this expression before: “Don’t put all of your eggs in one basket.” When most people use the phrase, they’re talking about relying too heavily on one person, plan or system. Say there’s only one person in your family who knows how to deactivate your home’s alarm system. That’s putting all of your […]
Stocks are getting destroyed to start 2016. In late-morning trade on Monday the Dow was down well over 400 points while the S&P 500 and Nasdaq were also off more than 2%. This comes after what was an ugly day in Europe and a chaotic start to the year in China, where the CSI 300 […]
2016 has gotten off to a horrible start in the European markets, with every single major bourse closing in the red on the year’s first day of trading. Terrible data from China sent all of Europe’s major stock indices plunging early on Monday morning, and they haven’t really recovered since then. In Britain, the FTSE100 […]
World ETFs swooned on the first trading day of the new year, as the effects of a panicked sell-off in China’s mainland stock markets spread across Asia, Europe and the United States. The Shanghai and Shenzhen markets closed early after respective 7% and 8% plunges reportedly triggered “circuit breakers.” Trading was suspended early to halt […]
DUBAI, Jan 4 (Reuters) – Saudi Arabia’s General Authority for Civil Aviation on Monday halted all flights to and from Iran following Riyadh’s severing of diplomatic relations with Tehran, the authority said on its official Twitter account. read more >>> Source : Reuters
Make 2016 the year you finally get your money under control. read more >>> Source : BankRate.Com
After the Chinese stock market started 2016 with a plunge that unnerved investors globally, here are some questions and answers about the turmoil. read more >>> Source : CTVNews.Ca
BRITAIN’s housing shortage has reached crisis point as the number of prospective buyers dramatically outweighs the number of properties on sale, estate agents said today. read more >>> Source : The Daily Express
* Swedish crown slips after Riksbank opens to intervention (Updates market action, changes dateline, previous LONDON) read more >>> Source : Reuters
Forbes has just released its annual “30 Under 30” list for various industries. One standout on the finance list is 29-year-old Minesh Bhatt, a senior coverage officer in the global family office business at UBS. In that role, he runs $7 billion of the $20 billion UBS manages for wealthy families in the US, according […]
A new report suggests that China’s economic slowdown is pinching luxury real estate globally. read more >>> Source : CNBC.Com
That could accelerate in the fall of Indian rupee as well as most importers have not hedged their positions because of relative Rupee stability. read more >>> Source : EconomicTimes.IndiaTimes.Com
NEW YORK, Jan 4 (Reuters) – Emerging market equities and bonds suffered $3.1 billion in outflows in December, marking their sixth consecutive month of retrenchment and the sector’s weakest year since… read more >>> Source : Reuters
Stocks started 2016 in a headlong retreat, falling hard in heavy trade at Monday’s open. The Nasdaq dived 2.7%. The Dow Jones industrial average unwound 2.2% and the S&P 500 clocked a 2.1% loss. Volume was steeply higher compared with Thursday’s preholiday action, up 108% on the Nasdaq and 82% higher on the NYSE. The […]
Jan 3 (Reuters) – Residents of flooded areas in far southern Illinois anxiously waited for the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters
By John Murphy, VP of Marketplace Quality at OpenX Consumers’ tolerance for annoying, disruptive, irrelevant or offensive advertising is waning rapidly, buoyed by news articles covering the trend of ad blocking technologies. Digital advertising then, is at an inflection point where its future hinges on all players in the ecosystem, implementing and upholding higher standards […]
Microsoft’s Windows 10 is off to the fastest start in Windows history. read more >>> Source : CNN Money
South Africa still hopes to solve a dispute with the United States over farm exports, despite the expiry of a U.S.-set deadline that could penalize exports of agricultural goods to the world’s top economy. U.S. President Barack Obama said on Nov. 5 that he would revoke the duty-free status of South African agricultural produce, including […]
GOLD GOLD has recovered nicely in the last few hours with more upside to come after the pullback. The current rise from 1070 appears to be the final wave within an extended wave iii. As such, be aware of more gains after a minor retracement back to 1070-1074 area, where the black wave iv can […]
One of the largest state executions in Saudi Arabia sparked a row with Iran that has raised concerns over destabilization across the region. read more >>> Source : CNBC.Com
It’s 2016. And if you’re invested in stocks, you’re probably wondering where the market will head this year. The bull market is in its sixth year. And with global economic growth slowing, earnings growth flattening, the Federal Reserve tightening monetary policy, commodities prices dreadfully low, and the dollar unusually high, there’s a feeling that the […]
By Joseph White LAS VEGAS (Reuters) – Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google’s push to control cars of the future. Toyota, the world’s largest […]
After a very quiet final week of 2015, global markets have kicked off 2016 with a bang. China is back in the news as equities around the world are selling off on much weaker than expected manufacturing and PMI reports. Safe haven currencies such as the big dollar and yen are experiencing a nice bounce […]