Month: January 2020

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that… …read more […]

The “Santa Claus rally” is set to come to Wall Street, but a pause may be on the horizon for the stock market in January. …read more […]

(Bloomberg) — U.S. stock-index futures fell after a U.S. airstrike near Baghdad international airport killed a top Iranian commander.S&P 500 Index futures contracts expiring in March retreated as much as 0.9% after the attack that killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force. Dow Jones Industrial Average contracts were down as much as 0.8%, while those on the Nasdaq 100 shed as much as 1%.Futures contracts on the Nikkei 225 Stock Average tumbled as much as 1.6% in Singapore as the yen strengthened against the dollar. In the cash market, the MSCI AC Asia Pacific …read more […]

Recent Mideast conflicts have moved markets and the economy …read more […]

(Bloomberg) — Tesla Inc. cut the starting price of its China-built Model 3 sedans by 9%, as it steps up efforts to lure customers in the world’s biggest electric-vehicle market after opening a factory on the outskirts of Shanghai. The price was lowered to 323,800 yuan ($46,500) from 355,800 yuan. After subsidies from the Chinese government, prices start from 299,050 yuan, Tesla’s website showed. The California-based company, which handed over the first of its Chinese-made cars to 15 employees on Dec. 30, will start delivering local models to the public on Jan. 7, it said on its official WeChat account. …read more […]

U.S. electric vehicle maker Tesla Inc cut the starting price for its China-made Model 3 sedans by 16% to 299,050 yuan ($42,919) after receiving Chinese subsidies for electric vehicles, according to its China website. The reduction, partly thanks to 24,750 yuan of subsidies, from an earlier 355,800 yuan is among a slew of adjustments Tesla has made to its sales policy in China, including tweaking prices for car accessories and home charging facilities. Tesla has said it plans to start delivering cars, made at its $2 billion factory in Shanghai, to the public on Jan. 7. …read more […]

(Bloomberg) — A U.S. airstrike in Iraq ordered by President Donald Trump killed one of Iran’s most powerful generals in a provocation that risks escalating a growing conflict with the Islamic RepublicQassem Soleimani, who led proxy militias that extended the Islamic Republic’s power across the Middle East, was killed in a strike in Baghdad authorized by Trump, the Defense Department said in a statement late Thursday night.“At the direction of the president, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing” Soleimani, the department said. “General Soleimani was actively developing plans to attack American …read more […]