Posts For July, 2019


S&P posts biggest drop since May

The Dow and S&P 500 suffered their biggest daily percentage drops since May 31 on Wednesday after the Federal Reserve cut interest rates for the first time in a decade, but remarks by ...


Fed cuts should be one-and-done - Hogan

Fed Chair Jerome Powell said the rate cut Wednesday was a “mid-cycle adjustment” on monetary policy. National Securites’ Art Hogan says that could indicate a single cut instead of a series of cuts. ...


Breakingviews TV: Tim and Satya

Soft iPhone sales dragged down Apple’s latest quarterly earnings. Boss Tim Cook is boosting services and returning cash to shareholders, but Jennifer Saba says that without a hit new product, the company is ...


Fiat Chrysler defies slowdown

Fiat Chrysler surprised investors by sticking to its upbeat full-year profit forecast Wednesday. As Fred Katayama reports, strong sales of its RAM pickup helped drive profit up 14%.


Prosecutors charge former Audi CEO over his role in emissions scandal

German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated over his role in Volkswagen’s emissions test cheating scandal. Emer McCarthy reports.


Euro zone growth halves in spur for ECB

Euro zone economic growth halved in the second quarter and inflation slowed sharply in July, reinforcing market expectations that the European Central Bank will further ease monetary policy in September. David Pollard reports.

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Under the hood of Amazon's grand ambitions

Amazon is expanding its transportation prowess to do virtually everything short of building a car. Jane Lanhee Lee reports.

Source: US news

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UK car investment slumps over 70% on no-deal Brexit fears

Investment in Britain’s car sector fell by more than 70 percent in the first half of the year due to concerns about a disorderly Brexit, an industry body said on Wednesday. David Pollard ...


Airbus beats forecasts, but sounds new Brexit alert

Airbus has urged European governments to step up plans for a “likely” no-deal Brexit even as it unveiled stronger than expected second-quarter profits. David Pollard reports.


The Fed is likely to cut rates, then what?

Fed likely to cut rates, then what?The Federal Reserve has sent clear signals it intends to cut interest rates Wednesday, but questions linger regarding how deep the cut will be and if the ...