Tesla’s quarterly results, combined with recent impressive stock market gains for traditional car companies, were supposed to signal a repudiation of electric vehicles by investors as a whole. Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode.
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Philip Lowe warned the fight against inflation 'isn't done' yet.
Not all hybrid cars are created equal. While some models offer excellent fuel efficiency, reliability and performance, others fall short. With so many options, it can be tough to separate the good...
He owes it to one woman.
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have spent the past year sacrificing margins to write new home loans and paying more to depositors, narrowing their closely watched "net interest margin". Westpac's net interest margin slipped to 1.89%, down 7 basis points from a year earlier, while net interest income remained largely flat at A$9.13 billion.
Once they retire, many seniors change their spending patterns quite a bit. There's nothing inherently wrong with this, as long as they remain within their retirement budget. See: The 4 Types of Bank...
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
National Australia Bank Limited ( ASX:NAB ) has announced that it will pay a dividend of A$0.84 per share on the 3rd of...
Key Insights Using the 2 Stage Free Cash Flow to Equity, BlueScope Steel fair value estimate is AU$36.31 BlueScope...
As the electric carmaker sees sales fall and cuts jobs, we take a closer look at its problems.
CBRE Group, Inc. (NYSE:CBRE) Q1 2024 Earnings Call Transcript May 3, 2024 CBRE Group, Inc. beats earnings expectations. Reported EPS is $0.78, expectations were $0.693. CBRE Group, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings and welcome to […]
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. They also turned down a proposal for more disclosure about efforts to promote diversity, equity and inclusion in the workplace.
When it comes to electric vehicles, there is one name that rules the game: Tesla. There is a reputation that comes with being one of the pioneers of the electric car trend, but there is also a price...
Network Trouble When Tesla CEO Elon Musk fired scores of employees in the past few weeks, he also got rid of practically everybody in the Supercharger team who worked on developing the car company's vast network of car chargers, which predictably pissed off Tesla owners. Now with Musk signaling he's shifting towards AI and robotaxis, […]
If you're the type of person that owns the same car until the wheels come off, you might be amazed at just how many high-tech bells and whistles are available to new car buyers right now. As someone...
The dollar was broadly steady on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates this year, while the yen lurched lower after last week's suspected intervention fuelled wild ride. The yen had clocked last week its strongest weekly gain since early December 2022 following two bouts of suspected interventions from Tokyo to pull the currency away from a 34-year low of 160.245 per dollar. On Monday, the yen was broadly lower, slipping 0.63% to 153.95 per U.S. dollar, down 0.60% to 192.62 per pound and 0.64% lower at 165.715 per euro.
(Bloomberg) -- If you want to know how your green stock portfolio is likely to perform next quarter, you should take a look at hedge funds’ options bets.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron Seeks to Reset TiesThat’s according to
Nexus AG ( ETR:NXU ), might not be a large cap stock, but it received a lot of attention from a substantial price...
(Bloomberg) -- US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in Paris as Macron S
(Bloomberg) -- Chinese shares led gains in Asian equities as mainland markets played catchup after a holiday break. Most other Asian benchmarks also rose following softer-than-expected US payroll data Friday that revived bets on Federal Reserve interest-rate cuts.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running
Yahoo Finance