Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
Argentina’s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Sainsbury’s is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company’s shareholders and the board, a company spokesperson told Reuters late on Saturday.
Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.
Recently, the road has been rocky for individual investors…
A struggling global economy augmented by trade wars has led many to wonder whether it’s finally the end of this bull market. If our readers’ survey responses are any indication, the biggest waves are still to come.
This week, we asked our readers what worries them most about the market. We also asked them to rank their risk tolerance.
While many respondents said that their greatest worry is volatility, most indicated that they have a moderate to high tolerance for risk.
On the other end of the spectrum, 36.7% said they were “comfortable with only …read more […]
Not all heroes wear capes.
Some of them wear suits… and speak at public hearings.
Like former Rep. Barney Frank (D-Massachusetts). Frank served in Congress from 1981 through 2013. He was a member of the Massachusetts House of Representatives from 1972 to 1980 before that. And he has been a champion for marijuana reform throughout his career.
In 1972, Frank introduced legislation that would have decriminalized cannabis and established a noncommercial legalization model in Massachusetts. In the 1980s, he co-sponsored a federal medical cannabis legalization bill. And he introduced similar legislation himself in 1995.
Frank now works in the cannabis industry. And this past …read more […]
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Standard Chartered PLC is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, sources familiar with the situation said.
Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.
U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.
A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.
U.S. President Donald Trump said he would be having dinner on Friday with Apple Inc Chief Executive Officer Tim Cook.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
