October 22, 2021 2:19 pm
US markets closed sideways on Thursday as a little bit before the end of the session the S&P500 reached a new record hi, finishing .30% higher. The Dow was more or less flat with .02% and the Nasdaq was boosted by techs, mostly TSLA, ending with a .62% gain. Stocks rallied for a sixth straight […]
Read moreOctober 22, 2021 7:30 am
Southwest Airlines Co’s (LUV) third-quarter loss, reported on Thursday, narrowed from a year earlier as vaccination progress underpinned demand for air travel ahead of the busy holiday season. The air carrier’s total operating revenue rose 161% year-on-year to $4.68 billion during the third quarter. Excluding special items, Southwest Airlines reported a net loss of $135 […]
Read moreOctober 21, 2021 8:17 am
Taiwanese tech company Foxconn is setting sights on making electric vehicles (EVs) in Europe, India and Latin America, including “indirectly” working in cooperation with German auto makers, according to Foxconn’s Chairman Liu Young-way. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn seeks to bolster its positions in the global electric vehicle market and […]
Read moreOctober 20, 2021 9:42 am
Maserati, Stellantis’ luxury brand, announced earlier this week that it would delay the launch of its new Grecale SUV to the spring of 2022 “in view of the background problems that have caused interruptions in the supply chains for the key components necessary to complete the car’s production process”. “In particular, due to the shortage […]
Read moreOctober 20, 2021 7:41 am
Ford Motor Company (F) said earlier this week that it would invest up to GBP 230 million ($316 million) in the production of electric car components at its facility in Halewood in northern England. That facility is expected to manufacture about 250,000 power units each year from mid-2024 and will be the first European in-house […]
Read moreOctober 20, 2021 7:06 am
On Tuesday the market, as measured by the broad indices, continued its upsurge, making a 5 day gains streak, the biggest since August. S&P 500 and the Dow gained .74% and .56% respectively closing nearly 1% off their historical his. The Nasdaq added .71% to its market value. The week is empty in terms of […]
Read moreOctober 19, 2021 7:23 am
Last week Toyota Motor Corp (7203) reduced its planned global production for November by 15% because of ongoing chip shortages. Still, the company signaled that it would increase output from December by sticking to its latest full-year production objective. In a press release, the Japanese company said it would produce between 100,000 and 150,000 fewer […]
Read moreOctober 18, 2021 8:27 am
The US stock markets started the week precariously but ended in quite strong and positive vibes with the S&P gaining 2.55%, the Dow 2.31%, and the Russel 2000, representing the small caps, 2.21%. On Monday morning the Crude Oil WTI is trading at USD83.52 and Brent at USD85.79 with unstoppable surges during the week adding […]
Read moreOctober 15, 2021 7:38 am
Honda Motor Co Ltd (7267) said earlier this week that it would launch a new electric vehicle brand in China in 2022 and would introduce only battery electric, hydrogen fuel-cell or petrol-electric hybrid vehicles in the Asian country from 2030. The name of the new brand will be “e:N Series”, the company said, while its […]
Read moreOctober 14, 2021 7:53 am
S&P 500 ceased its 3 day series of losses yesterday finishing with a .30% gain, Nasdaq outperformed with .73% and the Dow finished around flat. The market was cheered by the favorable JPM results, as the state of the major investment bank is indicative of the state of the US economy. The 10yr Treasuries’ yields […]
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