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- A + A NEW YORK (May 17): U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note's yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes. Chinese retail and factory activity fell sharply in April as COVID-19 lockdowns severely disrupted supply chains while New York's factory output slumped in May for the third time this year amid a collapse in new orders and shipments. The Chinese data cast a long shadow over the world's second-largest economy while the steep drop in New York manufacturing could be an early signal of the impact of the Fed's plans to tighten monetary policy to tackle rapidly rising inflation. MSCI's gauge of stocks across the globe closed down 0.21% and Treasury yields fell, with the benchmark 10-year note down 4.7 basis points at 2.886% after hitting 3.2% a week ago. Some see the decline since then as a sign the market … [Read more...] about Yields slip, stocks struggle as economic fears grow

Tesla, Inc.'s ( TSLA ) shares reversed course from their recent downward trajectory and rose by 3% on Monday, Jan. 10, after key analysts upped their price targets for the stock. Goldman Sachs analyst Mark Delaney confirmed Tesla as a Top Pick for his firm, and Tesla bull Adam Jonas of Morgan Stanley said that the company was a winner in the electric vehicle (EV) race. Both analysts increased their price targets for Tesla shares. The increase in share price came after a bruising four-day period for the stock during which its price fell from $1,200 to as low as $980. The decline occurred even after Tesla announced record delivery numbers . Key Takeaways Electric carmaker Tesla's stock reversed course and rose yesterday after key analyst revisions to its price targets. Noted Tesla bull Adam Jonas of Morgan Stanley revised his price target to $1,300 from $1,200 and stated that Tesla was winning the EV marathon. Goldman Sachs analyst Mark Delaney rated Tesla stock a Top … [Read more...] about Tesla (TSLA) Stock Rises After Analysts Boost Price Targets

U.S. equity markets are sinking as Russia escalates attacks on Ukraine, raising concerns about disruptions of oil and other commodities. The Dow at one point was down more than 600 points, while crude oil approached $107 a barrel. Key Takeaways The Dow Jones fell more than 600 points as crude oil surged past $105 a barrel and financial and travel company shares slumped. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters, with wheat hitting prices not seen since 2008. Retailers including Target and Walmart are trading higher. Oil prices are soaring to more than $105 a barrel, the highest they’ve been since 2014. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters. Wheat prices are at levels not seen since 2008. Investors continued to put money into haven investments. Bond prices are rising with the yield on the 10-year Treasury note falling another 11 basis points (BPS) to 1.72%. Gold and … [Read more...] about Stocks’ Rout Deepens as Oil Soars and Russian Invasion Raises Recovery Worries

- A + A (May 16): The rupiah risks weakening to its lowest level in almost two years as Indonesia’s ban on palm oil exports adds to headwinds from interest rate hikes in the US. The currency fell to a one-year low last week, despite an assurance from the central bank that it would stabilize the currency. Technical support at its April 2021 low is now in danger and a breach of this level would pave the way for a decline to its September 2020 low. Investors are watching for further export restrictions and rising demand for the dollar, said Divya Devesh, head of Asean and South-Asia FX research at Standard Chartered Bank in Singapore. He sees the rupiah depreciating to 14,800 to the greenback by the end of June, from 14,613 on Friday. Palm oil accounted for 1.5% of Indonesia’s gross domestic product in 2021 and the prohibition on shipments could cut US$2 billion from the nation’s exports for each month it stays in place, according to estimates from Goldman Sachs … [Read more...] about Rupiah nears breach of support with palm oil ban hurting trade

Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

Share to Twitter Share to Linkedin Ducati is among the most coveted motorcycle brands in the world. For decades the Italian brand’s sleek styling, aggressive exhaust notes and successful racing campaigns earned it the coveted “Ferrari of motorcycles” description. This description proved particularly ironic when Ferrari’s chief rival, Lamborghini, purchased Ducati in 2012, as authorized by Lamborghini’s parent company, Volkswagen AG. Concerns that Volkswagen’s ownership would dilute Ducati’s passion and purity have proven false. In fact, Ducati enjoyed record global sales last year, with U.S. sales up 32 percent to just over 9,000 units. Jason Chinnock has served as Ducati North America’s CEO since 2016, though he started with the company in 2004 after working at a Ducati dealership in Ft. Collins, Colorado. Jason has played a key role in the successful launch of multiple new bikes as Ducati’s model line has widened. While superbikes and naked street … [Read more...] about Ducati North America CEO Jason Chinnock: Widening Our Brand Appeal, Remaining True To Our Core