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Investors Rethink Strategy As Ford And GM Fail To Deliver On EV Boom Amid UAW Strikes: 'Change The Narrative Or Change The PortFolio?'
Wednesday, November 1, 2023 - 5:21am | 526Investor interest in traditional automakers as a less-expensive alternative to electric vehicle (EV) stocks might be misguided, warns Morgan Stanley‘s Adam Jonas. According to a CNBC report, auto giants like Ford Motor Co. (NYSE:F) and General Motors Co. (NYSE:...
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Union Files Unfair Labor Practice Charges Against GM And Stellantis Over Contract Talks: 'Insulting, Counterproductive And Illegal'
Friday, September 1, 2023 - 5:24am | 554United Auto Workers (UAW) has lodged unfair labor practice complaints against automakers General Motors Co. (NYSE:GM) and Stellantis NV (NYSE:STLA) with the National Labor Relations Board (NLRB), CNBC reported. The charges come in response to the companies not...
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Here's Why Ford Can't Produce Or Sell Internet-Linked Cars In Germany
Saturday, May 21, 2022 - 10:23am | 307Ford Motor Company (NYSE: F) now has restrictions on producing or selling vehicles in Germany that have internet-connected infotainment systems, according to a Reuters report. Reason? A German court has put a nationwide sales and production ban on Ford cars that can establish an internet...
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Ford Motor Selling 8M Shares Of Rivian Automotive: Report
Sunday, May 8, 2022 - 3:27pm | 237Ford Motor Company (NYSE: F) will sell 8 million Rivian Automotive Inc (NASDAQ: RIVN) shares, according to a CNBC report. The post-IPO lockup period for Rivian ends on Sunday. Ford will sell the shares with the help of Goldman Sachs Group Inc (NYSE: GS). In March, Rivian reported...
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GM Sues Ford Claiming Trademark Infringement Over Branding Self-Driving Cars
Saturday, July 24, 2021 - 11:29am | 349The General Motors Company (NYSE: GM) on Saturday filed a lawsuit against Ford Motor Company (NYSE: F) for violating a trademarked hands-free driving technology name "Blue Cruise," Reuters reports. GM says that Ford's use of the Blue Cruise name...
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Market Wrap For April 30: Markets Positive Despite Fed Tapering and GDP Rising Less Than Expected
Wednesday, April 30, 2014 - 4:35pm | 3030U.S. stocks rose as investors cheered the latest move by the Federal Reserve who stacked on another $10 billion to its tapering effort. By doing so, the central bank has lowered its asset purchases to $45 billion per month. “Information received since the Federal Open Market Committee met in...
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Market Wrap For December 31: Markets End The Year On A Positive Note
Tuesday, December 31, 2013 - 5:29pm | 1198As markets completed its final trading day of 2013, investors and traders can look back at what turned out to be a spectacular year for equities. U.S. stocks had its best year in over a decade fueled by an improving economy and the Fed's easy money policies. Commodities on the other hand have...
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Market Wrap For December 18: Markets Flat During Day One Post Fed Taper
Thursday, December 19, 2013 - 5:47pm | 2272Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...
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Market Wrap For December 18: Markets Surge Following the Fed's Taper Announcement
Wednesday, December 18, 2013 - 5:46pm | 2716After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and...
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Citi Updates 6/16
Thursday, June 16, 2011 - 8:02am | 742Citi made a number of updates in a research report published today. Solar Capital (NASDAQ: SLRC) has been downgraded from Hold to Buy. At the same time, Citi reduced its price target on the companies stock from $28 to $26. In the report, Citi states, "We are downgrading the shares of SLRC to a...