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Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

July 13, 2022 by www.investopedia.com

The market value of CEO Elon Musk's electric vehicle (EV) company Tesla Inc. ( TSLA ) has rebounded by almost 92% and $29 billion from its 52-week low on June 3, 2019, on forecasts of rising profits and market share. Moreover, the outlook for Tesla in China, the world's largest vehicle market, may be brightening as would-be competitors face obstacles. To reduce air pollution, China plans to become a world leader in electric vehicles. As a result, dozens of Chinese EV startups have raised over $18 billion, but this may represent a speculative bubble, Bloomberg   reports. Key Takeaways China plans to be a major player in electric vehicles (EVs). Billionaire Chinese tycoons are spending billions in the EV market. However, becoming profitable is an uphill climb. Meanwhile, Tesla has opened its first plant in China. Significance For Investors Among the billionaire Chinese business tycoons who spending big money to become big players in the Chinese EV market … [Read more...] about Why Tesla Is Rebounding as China’s Electric Car Market Faces Shakeout

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Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin We believe that American Airlines stock (NASDAQ NDAQ : AAL) and its peer Delta Air Lines stock (NYSE: DAL) will likely offer similar returns in the next three years. American Airlines is trading at 0.2x trailing revenues compared to 0.4x for Delta Airlines. Investors have assigned a higher multiple to Delta due to its superior revenue growth, as discussed below. If we look at stock returns, Delta Airlines, with -16% returns in the last twelve months, has fared marginally better than American Airlines, down 19%, and both have underperformed the broader S&P 500 index, down 13%. There is more to the comparison, and in the sections below, we discuss the possible returns for AAL and DAL. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of American Airlines vs. Delta Air Lines DAL : Which Stock Is A Better Bet? Parts of the analysis … [Read more...] about Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

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ESG Should Bring Us Together Not Tear Us Apart

March 29, 2023 by www.forbes.com

Share to Twitter Share to Linkedin At it’s essence, ESG is a wonky acronym for evaluating companies based on environmental, social and governance factors. But depending on whom you are talking with these days, ESG is either a horrible “woke” concept endangering our society or a helpful tool in assessing how company’s take into account societal issues that can impact their and our futures. “ESG is a pernicious strategy, because it allows the left to accomplish what it could never hope to achieve at the ballot box or through competition in the free market,” wrote Mike Pence in a May 2022 Wall Street Journal piece. President Biden, on the other hand, issued his first veto recently to counter legislation that he said would make it illegal for pension fund managers “to consider risk factors MAGA House Republicans don't like.” Our country’s political discourse is so driven by extreme views that smart, nuanced discussion of how to take environmental, … [Read more...] about ESG Should Bring Us Together Not Tear Us Apart

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Recession-Proof Investments To Buff Your Portfolio

March 28, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Key takeaways As recession fears mount and interest rates rise, investors are increasingly worried about how a downturn could hit their portfolios One of the worst moves investors can make during a recession is to bail on your portfolio Instead, consider recession-proof products to buoy your portfolio – and even catch the upside as the economy recovers By now, you’re probably tired of hearing about the impending future recession . (And you certainly wouldn’t be alone.) Still, it’s important to prepare yourself emotionally and financially for the possibility. After all, one of the worst moves investors can make is letting a recession catch them unawares and bailing on their portfolios in response. Fortunately, you can circumvent that risk by reviewing your portfolio early and understanding what you risk in a recession. Then, consider whether these recession-proof investments could help stave off the … [Read more...] about Recession-Proof Investments To Buff Your Portfolio

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IRS Form 1099-SA: What It Is, Who Has to File and How

February 27, 2023 by www.investopedia.com

What Is Form 1099-SA: Distributions From an HSA, Archer MSA, or Medicare Advantage MSA? Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA is an Internal Revenue Service (IRS) form that reports distributions made from various health accounts. These include distributions from a health savings account (HSA) , an Archer medical savings account (MSA) , or a Medicare Advantage (MA) MSA. It also provides reporting information on the inheritance of accounts by spouses, non-spouses, and estates. Amounts shown on Form 1099-SA must be reported on the taxpayer's federal income tax form. Key Takeaways Form 1099-SA form is sent to individual taxpayers who receive distributions from health savings, medical savings, and Medicare Advantage accounts. Information from Form 1099-SA is reported on either Form 8853 or Form 8889. Unused distributions from an HSA must be reported as income. You can repay a mistaken distribution from a health savings … [Read more...] about IRS Form 1099-SA: What It Is, Who Has to File and How

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Tesla Cuts US Prices on Most Expensive Models

March 6, 2023 by www.investopedia.com

Key Takeaways Tesla lowered the prices of its most expensive models for the second time this year. The price cuts come just days after investors expressed disappointment the company didn't unveil a new model at last week's investor day. The average price for a new Tesla has fallen by half in the past five years; the least expensive models now account for 95% of sales. Other automakers could follow amid gloomy profit forecasts. Shares of Tesla fell as much as 2% today after the company reduced U.S. prices of its most expensive models. Tesla cut the prices of its Model S sedan by 5% to $89,990 from $94,990 and its Model X SUV by 9% to $99,990 from $109,990. The company also reduced the upscale Plaid versions of each model to $109,990, down $5,000 and $10,000, respectively. The price reductions came days after investors expressed disappointment that Tesla didn't unveil a lower-priced model at its first-ever investor day . They also follow cuts of up to 20% on … [Read more...] about Tesla Cuts US Prices on Most Expensive Models

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European stocks get tech lift, UBS climbs on naming Ermotti as CEO

March 29, 2023 by business.inquirer.net

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2023. REUTERS/Staff/File photo European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7 percent, largely in line with gains in Asian equities. UBS Group AG gained 1.7 percent after the lender announced that Sergio Ermotti will take the helm to steer its takeover of smaller peer Credit Suisse. Credit Suisse climbed 1.4 percent, while financial services and banking indexes rose between 0.8 percent and 1 percent. “I can see why the market has stabilized and it’s true that there are some slightly comforting factors. The Fed (bets) have been repriced down quite aggressively in the past few weeks and investor positioning is very defensive,” said Vincent Chaigneau, … [Read more...] about European stocks get tech lift, UBS climbs on naming Ermotti as CEO

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Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

March 29, 2023 by business.inquirer.net

Sergio Ermotti, newly rehired CEO of UBS Group AG attends a news conference in Zurich, Switzerland March 29, 2023. REUTERS/Stefan Wermuth ZURICH  – UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbor Credit Suisse – a surprise move to take advantage of the Swiss banker’s experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of laying off thousands of staff, cutting back Credit Suisse’s investment bank and reassuring the world’s wealthy that UBS remains a safe harbor for their cash. “We felt we had a better horse,” said UBS chairman Colm Kelleher of the decision to replace current CEO Ralph Hamers after less than three years in charge. Kelleher said he brought back Ermotti because he was best equipped to see through the biggest deal in finance since the global banking crash more than a decade ago. “This is not a Swiss solution,” he said, seeking to play … [Read more...] about Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

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BPI CEO TG Limcaoco named new BAP president

March 29, 2023 by business.inquirer.net

Jose Teodoro “TG” Limcaoco MANILA  -Bank of the Philippine Islands CEO Jose Teodoro K. “TG” Limcaoco was appointed the next president of the Bankers Association of the Philippines, the umbrella group comprised of the country’s biggest private and government lenders. He replaces East West Banking Corp. vice chair Antonio C. Moncupa Jr. “I am thankful for the trust that BAP members have placed in me to lead the organization into greater heights,” Limcaoco said in a statement on Wednesday. “As our country faces renewed challenges from global economic headwinds, there is a call for us in the banking industry to be forces of stability and growth so that our economy will continue to progress,” he added. During the general assembly on March 29, BAP members elected a new set of officers for the term 2023-2024. The newly-elected BAP officers include Standard Chartered Bank CEO Lynette V. Ortiz, first vice president; Rizal Commercial Banking Corp. CEO Eugene S. Acevedo, second vice … [Read more...] about BPI CEO TG Limcaoco named new BAP president

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Celltrion to refine its own drug repertoire to recover from slump

March 29, 2023 by koreajoongangdaily.joins.com

Celltrion founder and chairman Seo Jung-jin speaks about his plan for the company during a press conference Wednesday, a day after returning to the management. [CELLTRION] Celltrion is working to further develop its own drug repertoire, not just that of its drug biosimilars. About 40 percent of its annual revenues will come from original drugs in 2030, with the remaining 60 percent from traditional cash cow biosimilar products. These were a few of the plans announced by founder Seo Jung-jin as part of his efforts to help Celltrion shares rebound from its years of being in a slump. Seo was appointed as the co-chairman of Celltrion Holdings and three listed Celltrion companies — Celltrion, Celltrion Pharm and Celltrion Healthcare — during a shareholder meeting Tuesday, after two years after he walked away from the management. His return came upon the request of current management executives as Celltrion shares more than halved from their peak, and shares of Celltrion Pharm … [Read more...] about Celltrion to refine its own drug repertoire to recover from slump

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