Ford Motor Co on Wednesday reported slightly higher Canadian sales of autos and trucks for December and called 2016 its best year of sales since 1989, driven by demand for SUVs and pickups. Ford said in a statement it sold 304,618 vehicles in Canada in 2016, up 9.4 percent compared with 278,531 units in 2015.
Day: January 4, 2017
Fed Policymakers Agree Trump Fiscal Boost Poses Inflation Risk
Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank’s December meeting showed. The minutes, released on Wednesday, showed how broadly views within the Fed are shifting in response to President-elect Donald Trump’s promises of tax cuts, infrastructure spending and deregulation.
Apple Confirms $1 Billion Investment in SoftBank Vision Fund
Apple Inc. confirmed Wednesday that it plans to invest $1 billion in SoftBank Group Corp.’s new technology fund to help finance technologies it could use in the future. Apple spokeswoman Kristin Huguet said, “We believe their new fund will speed the development of technologies which may be strategically important to Apple.”
6 Tax Deductions Homeowners Won’t Want to Miss
Though there are plenty of good reasons to buy a home, owning property can be a costly prospect. From maintenance to insurance to real estate taxes, there are numerous costs that come with buying a home.
4 Things Costco’s CFO Wants Investors to Know
Instead of changing to meet the new reality, the warehouse club has doubled down on what makes it popular in the first place. The company has focused on its warehouses and offering value for its customers while remaining a destination shopping experience.
3 Reasons Procter & Gamble Co. Stock Could Jump in 2017
Their stock badly trailed the market as P&G posted its third-straight fiscal year of slowing sales growth and declining gross profit. Income investors weren’t spared the pain, either.
Alabama-Clemson Tickets Surge Before Title Game Grudge Match
In a Jan. 11, 2016 file photo, Alabama’s Kenyan Drake gets past Clemson’s T.J. Green as he runs back a kick off for a touchdown during the second half of the NCAA college football playoff championship game in Glendale, Ariz. A year ago, … Alabama beat Clemson 45-40 in a thriller.
2017 Mortgage Rate Outlook: The Trump Effect
For the first time in almost a year, mortgage rates are above 4%. While still low by historic standards – the annual average rate on a 30-year mortgage in 1981 was 16.63%, according to Freddie Mac – most observers expect rates to keep climbing in 2017.
‘Moonlight,’ ‘La La Land,’ ‘Deadpool’ land WGA Award nods
This image released by Lionsgate shows Ryan Gosling, right, and Emma Stone in a scene from, “La La Land.” The Writers Guild of America announced its nominees for the best screenplays of the year on Wednesday.
Jim Cramer — Valeant Has Too Much Debt
Shares of Valeant Pharmaceuticals are down about 2% Wednesday morning after analysts at Piper Jaffray cut their price target to $11 and maintained an underweight rating. Shares currently trade around $15.
Tesla Shrugs Off Delivery Miss as Investors Focus on Model 3
The automaker produced record deliveries in 2016 but fell short of estimates. Bulls and bears alike are more focused on Tesla’s forthcoming more affordable sedan The market on Wednesday shrugged off Tesla Motors ‘ failure to meet its 2016 delivery goals, a fresh reminder that little in the near term matters as bulls and bears alike await the automaker’s Model 3 debut.
Brinker Skips 2017 ICR Conference
Brinker International no longer plans to present at ICR’s 2017 investment conference, an unusual move for the restaurant company. An ICR Conference regular, Brinker was listed among the 2017 conference’s presenters in a November.
Stocks Climb as General Motors, Ford Jump on December Sales
Stocks move slightly higher on Wednesday as Ford and General Motors rally following the release of their December sales performances. Stocks moved slightly higher on Wednesday as Ford and General Motors rallied following the release of their sales performances for December.
Super Regional Banks Best Positioned Under Trump, Analyst Contends
Director of Bank and Equity Strategies at Vining Sparks Marty Mosby believes super regional banks to best positioned to take advantage of deregulation. The impressive moves higher in these stocks seems to be indicative of a more positive outlook regarding their futures under a Donald Trump presidency, which many believe will lead to a scaling back of regulation.
Will Constellation Brands Earnings Give Investors Something to Celebrate?
It’s a new year and there will soon be a new U.S. president. That man, Donald Trump, spooked investors of Constellation Brands , among other companies with Mexican operations, with threats of big tariffs on goods made by U.S. companies elsewhere and then imported into the company.
Why Cisco’s Stock Price May Be Stuck
Cisco is a ‘Dog of the Dow,’ which means it pays high dividends. But its stock may not be able to move much higher.
Why You Should Add Liability Insurance to Your New Year’s Resolutions
Umbrella liability insurance costs about $150 to $200 a year, but it covers what your home and auto policies won’t. In any situation where you can be held liable for someone else’s injury, misfortune or death, liability insurance comes in handy.
The Trump Administration Will Increase Single-Stock Risk
There’s an appeal to simplicity. The idea of trading or owning nothing but index funds or index ETFs.
Caterpillar Is Stalling In an Uptrend
Let’s check the charts and indicators to see if we should nail down some profits or look to buy the dip. In this one-year daily chart of CAT, below, we can see that the uptrend of the past year is still intact.
The real reason Ford abandoned its plant in Mexico has little to do with Trump
The frame of a 2015 Ford Mustang vehicle moves down the production line at the Ford Motor Flat Rock Assembly Plant in Flat Rock, Michigan, U.S. August 20, 2015. REUTERS/Rebecca Cook/File Photo Ford chief executive Mark Fields announced Tuesday the automaker was ditching its plans to open a factory in Mexico and instead expanding a Michigan plant, creating 700 more local jobs.
Why White House released report on regulation when no one was looking
While most of us were enjoying the holidays and opening our presents, the Office of Management and Budget belatedly released its required annual report to Congress on the costs and benefits of regulations. The report tallies agency analyses of the costs and benefits of regulations issued between October 2014 and September 2015.
Historical Change and the Competitive Advantage of Firms: Explicating …
This study contributes to the re-emerging dialogue between business history and strategy by examining how historical reasoning can contribute to the dynamic capabilities framework currently employed by strategy scholars. It explores how three distinct models of historical change-evolutionary, dialectical, and constitutive-were incorporated into the theoretical tenets of the origins, context, and micro-foundations of the dynamic capabilities framework.
How Much Bureaucracy is a Good Thing in Government and Business?
The process leading up to a transfer of leadership in the United States, just as in other countries, always seems to be accompanied by several similar themes. One theme is change.
Manhattan Resale Home Prices Tumble the Most in Four Years
Manhattan resale home prices tumbled by the most in more than four years, a sign that sellers are lowering their expectations in a slowing market where buyers have the option to walk away. The median price of previously owned condominiums and co-ops fell 6.3 percent in the fourth quarter from a year earlier to $900,000, according to a report Wednesday from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.
China Said to Consider Options to Back Yuan, Curb Outflows
China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore yuan surged the most in a year.
Ford’s Truck Hybridization Trumps Mexico and Tesla: Gadfly
On its first day back from the holidays, America’s auto industry began with a Mexican standoff and ended with Tesla just being off. Ford Motor Co.
Deutsche Bank Crime Fighter Said to Step Down After Six Months
Deutsche Bank AG’s global head of anti-financial crime and group money-laundering reporting officer, Peter Hazlewood, will step down only six months after assuming the post, a person familiar with the matter said. Hazlewood will probably stay with Deutsche Bank in a different role, said the person, who asked not to be identified because the information isn’t public.
Despite 50% Gain, Banks Yet to Win Over Europe Fund Managers
Banks may have beaten every industry group on the Stoxx Europe 600 Index since a July low in share prices, but European fund managers are still underweight. While money managers have turned less bearish and now own the most bank shares since mid-2015, lenders still make up a smaller proportion of portfolios than they do in equity benchmarks, according to HSBC Holdings Plc.
AT&T to Test 5G Wireless for Delivery of – DirecTV Now’ to Homes
AT&T Inc. has reached speeds of up to 14 gigabits a second in lab trials of 5G wireless technology, and plans to test the high-speed network by beaming its DirecTV Now video service to homes in Austin, Texas before midyear. Through a collaboration with a dozen partners including Intel Corp., Ericsson AB and Qualcomm Inc., AT&T plans to use experimental airwaves to test fifth-generation or 5G residential and business services as a potentially cheaper method than fiber-optic cable for high-capacity connections, said John Donovan, AT&T’s chief strategy officer.
Oil Prices Rise on Tighter Supply Outlook
Oil rose on Wednesday, with top exporter Saudi Arabia expected to increase prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains. U.S. West Texas Intermediate crude futures were trading at $52.50 per barrel at 0747 GMT, up 17 cents from the last settlement.
Exxon Cashes Out Ex-CEO Tillerson
Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump’s nominee for secretary of state. If Mr. Tillerson is confirmed, Exxon will transfer the equivalent value of two million unvested shares that he was set to receive at his previously expected retirement in March into a trust, according to the company.
Beware of the gamblera s fallacy
Risk-averse investors look at history and note the longest stretch of positive returns for the S&P 500 Index ended in 1999-2000 with a thud, when the market corrected by 40% or so. In other words, the probability of every coin flip is always 50%, even if the previous eight coin tosses came up heads.
Eurozone Economic Activity Surged to Fastest Pace in 5.5 Years in December
The eurozone economy ended 2016 on a high note, as private sector activity expanded at the fastest pace in 67 months. Eurozone economic activity surged to its highest level in more than five and a half years last month, according to benchmark purchasing managers index data from IHS Markit, even as input costs and overall price pressures continued to mount.
Next Stock Plummets on Profit Warning as British Retailers Struggle
Next shares fell dramatically in London Wednesday after the British clothing and home retailer warned that a “difficult” winter season will spill into 2017. Shares in the group fell 11.35% to change hands at at 4,220 pence each by at 8:40 GMT, extending the 52-week decline to 33%.
Hanjin Shares Surge on Report Asset Sale to Close Next Week
Hanjin Shipping Co. shares surged by their daily limit of 30 percent in Seoul after a local media report that the sale of the collapsed container mover’s U.S.-Asia assets to a unit of South Korea’s SM Group is approaching its completion.
Ford, Toyota Form Telematics Bloc to Stymie Google and Apple
Ford Motor Co. and Toyota Motor Corp. have formed a consortium with four medium-size automakers to speed development of auto-industry standards for in-vehicle apps, a step toward preventing Apple Inc. and Google from controlling how drivers connect smartphones to their cars and trucks.
Deals Lawyer Said to Be a Contender to Lead SEC Under Trump
President-elect Donald Trump is considering nominating Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, potentially positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator, said a person with knowledge of the matter. Clayton, who met with Trump last month, has represented Goldman Sachs Group Inc. and investment firms ranging from Och-Ziff Capital Management Group LLC to Oaktree Capital Group LLC, according to Sullivan & Cromwell’s website.
Iran Qualifies CNPC to Total for Bidding on Energy Projects
Iran qualified 29 international oil companies to bid in tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corp., Royal Dutch Shell Plc and Total SA are among the companies that will be invited to bid in tenders, according to a list published Monday on the website of National Iranian Oil Co.
Power-to-People Link Seen Costing India $10 Billion a Year
India will spend $10 billion annually on new power transmission lines to satisfy growing demand in under-served areas, according to the country’s largest private power-grid operator. The country lacks sufficient transmission infrastructure to link its increasing generation capacity to areas of burgeoning consumption, said Pratik Agarwal, chief executive officer at Sterlite Power Transmission Ltd. The central government may spend about $6 billion annually, with the rest coming from the nation’s states, he said.
Swim or Sink Outlook Prompts Asia Shipping to Face Mergers
Faced with a prolonged trade slowdown and depressed freight rates, the region’s container lines are set for further consolidation after a year that’s seen the collapse of South Korea’s Hanjin Shipping Co., a mega merger among Japanese rivals and the sale of Singapore’s shipping flagship. With capacity in excess, firms will continue joining forces to cut costs and improve efficiency, according to the heads of A.P. Moller-Maersk A/S and Hyundai Merchant Marine Co.