November 11, 2021 10:47 am
The long expected correction from the week-lasting market record streak occurred on Wednesday, triggered by much higher than expected inflation. US consumer prices jumped with 6.2% y/y, surpassing the Fed pre-defined bearable level, exceeding the 5.9% analysts’ expectations, and with the fastest annual pace since 1990. The major components triggering the inflation were Energy, Shelter, […]
Read moreNovember 11, 2021 8:13 am
Taiwan Semiconductor Manufacturing Co (TSMC) and Sony Corp announced earlier this week that they intended to establish a $7 billion chip factory in Japan. In a separate statement, Sony Corp announced it would invest nearly $500 million in the facility. The plant will be focused on production of 22-nanometer and 28-nanometer chips in an attempt […]
Read moreNovember 10, 2021 10:17 am
Nvidia Corp (NVDA) said on Tuesday that it was working in cooperation with a range of self-driving sensor firms, including lidar company Luminar Technologies, to develop a system which can be used by auto makers for driver safety features as early as 2024. Nvidia chose a diversity of sensor partners for the system, including those […]
Read moreNovember 10, 2021 8:34 am
In an interview with CNBC earlier this week, PepsiCo Inc’s (PEP) Chief Executive Officer Ramon Laguarta said the company would have its first set of Tesla Inc electric trucks delivered during the fourth quarter. The packaged food maker had previously said that it intended to use the trucks to transport snack foods and beverages between […]
Read moreNovember 9, 2021 8:39 am
Global investment firm KKR said on Monday that it had signed definitive agreements under which it will acquire Japanese chemical storage tank operator Central Tank Terminal (CTT) from an affiliate of Macquarie Infrastructure and Real Assets. Central Tank Terminal is the largest independent chemical storage tank operator in Japan and offers more than 300,000 cubic […]
Read moreNovember 9, 2021 8:05 am
The three basic indices reached new record his yesterday with another encouraging factor, besides the brilliant massive corporate Q3 results and the favorable macroeconomic data released, including the employment situation. The S&P’s 8th consecutive session of record his streak is an event unseen since 1997: After straining and fluctuating negotiations for months, the USD1T Infrastructure […]
Read moreNovember 5, 2021 8:47 am
Delta Air Lines Inc (DAL) said earlier this week it had signed a long-term lease agreement with San Francisco-based Vmo Aircraft Leasing for two Airbus A350-900 jets, delivered in October 2021. “We are very pleased to partner with Delta Air Lines on executing this transaction for these latest-technology Airbus A350 aircraft,” Peter Watson, Vmo Aircraft […]
Read moreNovember 4, 2021 8:38 am
BMW AG’s (BMWG) third-quarter results, reported on Wednesday, exceeded market estimates, driven by robust electric vehicle sales and higher prices. The auto maker reported a 42.4% year-on-year surge in its net profit to EUR 2.58 billion during the quarter. BMW’s vehicle deliveries dropped 12.2% year-on-year during the third quarter, but still, the company reported a […]
Read moreNovember 4, 2021 7:57 am
Breaking new records is no more news for the US stock market – the Fed minutes from yesterday left a general optimism with its small steps for a monthly USD15B decrease of the USD120B asset purchases, in light of the strong economic recovery. The last part of the sentence is very important, as now we […]
Read moreNovember 3, 2021 11:05 am
A.P. Moller-Maersk said on Tuesday that it would acquire freight-forwarder Senator International in addition to two Boeing jets in the company’s latest attempt to expand its businesses beyond ocean shipping. Maersk said it would buy the German logistics company at an enterprise value of nearly $644 million. The acquisition is expected to be finalized in […]
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