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Understanding a World in Transition

  • Understanding a World in Transition Understanding a World in Transition 1:06
11:33 a.m. Sept. 23, 2020 - By Andrew Keshner
‘I absolutely believe that we can do better, America,’ says the attorney for the family of Breonna Taylor — months before a grand jury indicted 1 of 3 officers in her fatal shooting Civil rights attorney Ben Crump says too few prosecutors hold police accountable Civil rights attorney Ben Crump says too few prosecutors hold police accountable.
8:18 a.m. Sept. 23, 2020 - By Claudia Assis
Tesla’s so-called Battery Day was ‘long on vision and boldness,’ short on here-and-now ‘Patience required’ and ‘buy the dip’ are other comments from analystsWall Street sold Tesla stock on the battery news, faulting the company for showcasing plans at least one year away from reality.
1:44 p.m. Sept. 21, 2020 - By Claudia Assis
3 things to know about Tesla’s ‘battery day’ Musk: Battery Day product won’t reach ‘serious high volume’ until 2022Tesla Inc. hopes to wow the world on Tuesday at its battery day. Here are three things to know.
3:16 p.m. Sept. 20, 2020 - Associated Press
Eric Trump lawyers say he can’t testify in N.Y. probe into family business practices till after election because of ‘extreme travel schedule’ ‘No one is above the law, period,’ responds state Atty. Gen. Letitia James‘No one is above the law, period,’ responds state Atty. Gen. Letitia James.
1:34 a.m. Sept. 14, 2020 - By Quentin Fottrell
‘His family didn’t care if he was dead or alive’: My fiancé died of a heart attack. His brother is executor and refuses to talk to me. Am I entitled to anything? ‘I was the one who was there for him. It makes me very furious thinking that he left me nothing’‘I was the one who was there for him. It makes me very furious thinking that he left me nothing.’
3:54 a.m. Sept. 8, 2020 - By Tomi Kilgore
Nio gets bullish endorsement from Deutsche Bank, but stock fallsNio Inc. got a bullish endorsement Tuesday from Deutsche Bank analyst Edison Yu, but the China-based electric vehicle maker's stock fell 3.9% in premarket trading amid a selloff in shares of other EV makers and the broader stock market. Yu initiated coverage of Nio with a buy rating and $24 stock price target, which 33.5% above Friday's closing price of $17.98. He sees Nio as the leader of an emerging class of China-based automakers backed by large, well capitalized technology giants and local governments, which he refers to the "Fab Four": Nio, XPeng Inc. , Li Auto Inc. and WM Motor. He said he believes all four can "co-exist" with U.S.-based rival Tesla Inc. , as there is still "plenty of room to capture market share" away from traditional internal-combustion-engine (ICE) automakers. "With the China EV market already the world's largest and now inflecting upward after the recent downturn, we believe NIO is well positioned to take share in the premium segment, having put major emphasis on post purchase customer service, alleviating charging anxiety, and developing a robust software/AI centric vehicle ecosystem," Yu wrote in a note to clients. Shares of Xpeng fell 1.8% ahead of the open, Li Auto lost 4.4% and , while futures for the S&P 500 dropped 1.0%.
1:01 a.m. Sept. 8, 2020 - By Alana Benson
5 things to do with all that money you haven’t been spending the past few months Try these money moves, since you haven’t been doing much of anything anywayYou haven’t been traveling, eating out, or going to games, so here’s how to take advantage of those savings.
12:32 p.m. Sept. 1, 2020 - By Tomi Kilgore
Tesla takes advantage of stock’s best month in 7 years with $5 billion offering Tesla stock pulls back, after soaring 13% to record high in previous session, and rocketing 74% in AugustShares of Tesla Inc. were knocked lower Tuesday, as the electric vehicle manufacturer took advantage of the stock’s best monthly performance in seven years to raise more capital.
7:21 a.m. Aug. 25, 2020 - By Lina Saigol
Global dividends suffer worst quarterly fall since financial crisis The worst-case scenario could see global shareholder payouts drop 25% on an underlying basis during 2020Dividends fell in every region of the world except in North America, thanks to the resilience of Canadian companies.
4:59 a.m. Aug. 17, 2020 - By Davide Mamone
‘I was in so much fear that I started running’: Asian Americans must grapple with racism — as well as the coronavirus pandemic ‘We have a huge percentage of Asian Americans in the hospitals helping to save people from COVID-19 right now. At the same time, we have been targeted just because of how we look’‘We have a huge percentage of Asian Americans in the hospitals helping to save people from COVID-19 right now. At the same time, we have been targeted just because of how we look.’
5:14 a.m. Aug. 14, 2020 - By Pierre Briançon
Brace for more stimulus from Johnson and the Bank of England, as U.K economy falls into recessionAs it considers the possibility of a second spike of the new coronavirus, the U.K. government will have to postpone plans to put public finances back in order.
1:04 a.m. Aug. 10, 2020 - By Autotrader
The best small luxury cars of the year From Audis and Alfas to Jaguars and Infinitis, they are better than everSmall luxury cars are a great way to enter the world of automotive luxury without spending a fortune.
1:03 a.m. July 29, 2020 - By Autotrader
The 12 best compact cars of the year Compact cars offer great value, and it’s a competitive class with lots of optionsLed by the Honda Civic, this is a competitive class of cars that offers great value.
8:21 a.m. July 25, 2020 - By Claudia Assis
Tesla stock soars more than 5% after company reports surprise Q2 profit, on track for S&P 500 Quarterly sales above Wall Street expectations; Tesla selects Texas as next factory locationTesla Inc. late Wednesday reported an unexpected second-quarter GAAP and adjusted profit, sending the stock higher in the extended session and putting it on a course to join the S&P 500 index.
3:15 a.m. July 22, 2020 - By Lina Saigol
Hedge funds are betting against British shopping mall operator Hammerson GLG Partners had the highest number of short positions on U.K.-listed companies so far in JulyBritish shopping mall operator Hammerson was the most shorted U.K.-listed company so far in July.
2:24 a.m. July 16, 2020 - By Ciara Linnane
Coronavirus update: COVID-19 is far from contained and could rival 1918 flu pandemic that killed 50 million, experts warn Goldman Sachs posts ‘almost indecent’ earnings that far exceed expectations, while UnitedHealth revenue falls short and Walmart mandates masksThe coronavirus pandemic is far from contained and could end up rivaling the 1918 flu that killed more than 50 million people worldwide, two leading health experts are warning.
2:02 p.m. July 15, 2020 - By Michael Brush
7 risks for Tesla’s stock that Robinhood traders would be wise to heed Tesla is ‘trading on a multiple of Elon Musk’s dreams,’ says one fund managerTesla is ‘trading on a multiple of Elon Musk’s dreams,’ says one fund manager.
4:03 a.m. July 13, 2020 - By Tonya Garcia
Philip Morris says cigarette sales in many places could end in a decade and they’ve got a ‘safer’ product to replace them The Marlboro maker wants to move cigarette smokers to its heated tobacco products in the years aheadPhilip Morris is encouraging stakeholders to work with them to move smokers to cigarette alternatives at a time with cigarette consumption is declining.
11:49 a.m. June 27, 2020 - By Joy Wiltermuth
Here’s a snapshot of what Wall Street’s coronavirus protocols look like for returning to work No rubbing elbows on Wall Street trading floors for the ‘foreseeable future,’ even as firms start navigating back to officeBig banks this summer are testing out new safety protocols to slowly return staff to their Manhattan offices during the pandemic, but it will be a long road back to anything near ‘normal.’
11:03 a.m. June 27, 2020 - By Brett Arends
Hot springs in January, no traffic, and universal health care — the best retirement escape you’ve never heard of It’s not very hard to get a Portuguese passport, says Bostonian Matt Patsky Oh, and it’s not too hard to immigrate, says Boston finance executive Matt Patsky.
4:18 a.m. June 26, 2020 - By Andrea Riquier
COVID-19 undid 3 years of economic progress in China. Don’t expect a quick rebound, these experts say ‘Will this be a return to their old playbook of building bridges to nowhere?’Beijing may be falling back on an old playbook as it reels from the impact of the coronavirus. it’s a reminder of just how desperate things may have become, the China Beige Book notes, and just how interconnected the world is.
1:35 p.m. June 25, 2020 - By Nina Trentmann
Blackstone adds Google CFO Ruth Porat to its board of directors Wall Street giant shifting toward tech investmentsBlackstone Group Inc. named Ruth Porat, Google’s finance chief, to its board of directors, a move that comes as the Wall Street firm shifts toward technology and growth investments.
7:23 a.m. June 24, 2020 - By Archie Mitchell
Here’s why demand for offices might shrink in London, denting property values and threatening investment funds Offices will remain important for companies, experts say, but many will continue to work from home when coronavirus lockdowns end The value of commercial real estate in the U.K. is under threat, as employees become more accustomed to working from home amid the outbreak of coronavirus.
1:02 a.m. June 24, 2020 - By Philip Reed
Why it’s probably better to lease a car than buy one right now As car dealerships open up, buyers have new concerns that give a big ‘yes!’ to leasingHere are five reasons that have suddenly made leasing a vehicle very appealing.
6:52 a.m. June 23, 2020 - By Lina Saigol
U.K. car industry at risk of losing one in six jobs unless government extends support, trade body warns More than 6,000 U.K. automotive job cuts have been announced in June due to global lockdowns, closed markets and closed plantsOutput from the U.K.’s car plants could fall to the lowest level since 1953 when the Brexit transition period ends.
5:53 a.m. June 19, 2020 - By Leslie Albrecht
5 ways to support black-owned businesses: ‘It’s not rocket science — people just choose not to do it’ Official Black Wall Street is promoting a 30-day ‘Buy Black Challenge’ starting on JuneteenthOfficial Black Wall Street is promoting a 30-day ‘Buy Black Challenge’ starting on Juneteenth.
5:52 a.m. June 19, 2020 - By Andrew Keshner
‘I don’t want to be someone in need of cash’: How economic slumps inflicts permanent ‘scars’ on spending and saving It’s been just over 100 days since the World Health Organization declared a pandemicIt’s been 100 days since the World Health Organization declared a pandemic.
10:32 a.m. June 17, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll edges above 117,000; Oklahoma is one of 9 states that are still setting case records U.S. Steel warns of greater-than-expected loss, while mattress maker Tempur Sealy says orders rebounded in May and JuneThe U.S. death toll from the coronavirus illness COVID-19 climbed above 117,000 on Wednesday, amid reports that nine states are recording either single day record numbers of cases or their highest seven-day new case averages, indicating they are not managing to contain the spread.
7:07 a.m. June 14, 2020 - By Ellis Henican
Night and day, New York imagines a post-COVID future Cozier lounges and tougher questions about family careIt’s changing how New York nightlife looks, but the coronavirus is also creating new challenges in the realm of family care.
8:26 a.m. June 13, 2020 - By Andrew Keshner
‘I’m not going anywhere.’ Looters nearly destroyed her business, but that’s just the latest challenge for this black entrepreneur Almost 60% of black-owned business were already in trouble before the pandemicAlmost 60% of black-owned business were already in trouble before the pandemic.
4:46 a.m. June 10, 2020 - By Barbara Kollmeyer
European stocks slip as investors wait to hear from Fed’s Powell Gloomy outlook from OECD darkens mood for stocksEuropean stocks rose on Wednesday after two straight sessions of declines, as investors looked ahead to comments by Federal Reserve Chairman Jerome Powell later and the central bank’s economic forecasts.
1:10 a.m. June 9, 2020 - By Steve Goldstein
Stocks in Europe drop as traders search for new catalyst after big rallyEuropean stocks declined on Tuesday as traders look for a new catalyst after the big rally from the depths of March.
4:46 a.m. June 6, 2020 - By Nicole Lyn Pesce
Kylie Jenner tops the world’s highest-paid celebrity list a week after Forbes revoked her billionaire status Celebs including Kanye West, Roger Federer and LeBron James earned a combined $6.1 billion in the last yearCelebs including Kanye West, Roger Federer and LeBron James earned a combined $6.1 billion in the last year
2:04 a.m. June 3, 2020 - By Barbara Kollmeyer
European stocks rise for third straight session, with investors cheered by China data Renault, TUI lead gains European stocks extended gains for a third day on Wednesday as investors looked past U.S. unrest to data indicating more economic strength as global pandemic lock downs unwind.
2:32 a.m. May 27, 2020 - By Quentin Fottrell
‘I’ll never give my wife $1,200 to blow her stimulus check. She’ll get a couple of hundred bucks to go shopping.’ What’s wrong with that? ‘I can’t believe the sick selfishness of you people where men are concerned’‘I can’t believe the sick selfishness of you people where men are concerned.’
6:59 a.m. May 13, 2020 - By Greg Robb
There is a growing sense recovery will be slow, Fed’s Powell says Outlook highly uncertain with significant downside risks, Fed chairman saysThe economic recovery may take some time to gather momentum and more fiscal spending may help avoid damage that could build as a result, said Fed Chairman Jerome Powell on Wednesday.
7:36 a.m. May 9, 2020 - By Ciara Linnane
Coronavirus update: U.S. economy sheds record-setting 20.5 million jobs and New York child dies of condition linked to virus Uber posts almost $3 billion loss in latest quarter and Roku says it saw a spike in ad cancellations The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post–World War II high and deepening the economic crisis, while in New York, a child died of a rare condition linked to the virus.
4:30 a.m. May 8, 2020 - By Michael S. Derby
Spanish flu experience in Germany helped fuel the Nazi ascent to power, New York Fed paper concludes Hitler’s party got an electoral boost in part owing to whom the pandemic hit, with younger people faring worst in the public health crisis — which ‘may also have spurred resentment of foreigners among the survivors ... , driving voters towards parties whose platform matched such sentiments’Hitler’s party got an electoral boost in part owing to whom the pandemic hit, with younger people faring worst in the public health crisis — which ‘may also have spurred resentment of foreigners among the survivors, driving voters towards parties whose platform matched such sentiments.’
2:24 p.m. May 7, 2020 - By Joy Wiltermuth
Distress signals are flashing in U.S. commercial real estate. But will it need a TALF rescue? Potential windfalls tied to creating TALF funds may be waning, even before program kicks offHighly rated U.S. companies are having no trouble borrowing record amounts in the bond market during the pandemic. That is not exactly how things are going in the commercial property world.
6:28 a.m. May 7, 2020 - By Barbara Kollmeyer
European stocks rise, boosted by retailers, with telecoms reacting to deal news Pound rises after Bank of England holds steady on policyEuropean stocks traded higher on Thursday, with retailers leading gains, while shares of BT Group tumbled on news of a tie-up between Liberty Global and Spain’s Telefónica.
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