Month: July 2020

(Bloomberg) — Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency.With Congress closing in on another round of fiscal stimulus to shore up the pandemic-ravaged economy, and the Federal Reserve having already swelled its balance sheet by about $2.8 trillion this year, Goldman strategists cautioned that U.S. policy is triggering currency “debasement fears” that could end the dollar’s reign as the dominant force in global foreign-exchange markets.While that view is clearly …read more […]

(Bloomberg) — Tesla Inc.’s surging stock price has already let Chief Executive Officer Elon Musk collect two tranches of his moonshot compensation award, valued at a collective $3.94 billion.Now he’s at most a couple of months away from securing the third, according to the company’s own estimates, lining him up for yet another multibillion-dollar payout.Barring a prolonged drop in share price, the company’s average trailing market capitalization over six months is poised to exceed $200 billion sometime in the third quarter, the electric-car maker said Tuesday in a filing. That will unlock 1.69 million stock options for Musk, worth roughly …read more […]

The Points Guy Executive Editorial Director Scott Mayerowitz joins Yahoo Finance’s Zack Guzman to reveal why Delta Air Lines is ranked first for its response to the coronavirus pandemic. …read more […]

The global search for a coronavirus vaccine appears to be taking flight, with a number of drug companies making headway on a possible treatment. …read more […]

The CEOs of Amazon, Apple, Facebook, and Google will be grilled on Capitol Hill during a major antitrust hearing. Here’s everything you need to know before the big show. …read more […]

…read more […]

…read more […]

(Bloomberg) — Harley-Davidson Inc. investors, who cheered the appointment of a turnaround artist, don’t like the early rendition of his makeover for the ailing motorcycle maker.Jochen Zeitz, a former Puma SE boss who became chief executive officer in February, has been working to shrink the company and narrow its focus amid a five-year sales slump in its core U.S. market. He has cut roughly 14% of the workforce, pruned its dealer network and delayed product launches.“We’re not willing to sacrifice the strength of our legacy in a quest for pure volume growth going forward,” Zeitz said on a conference call. …read more […]

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few… …read more […]

Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices. The Economic Coordination Committee (ECC), a top body that makes crucial financial management decisions, gave the green light to the importers. “The ECC considered a proposal by the Ministry of Industries and Production for import of refined sugar by the Trading Corporation of Pakistan (TCP) to maintain buffer stocks, and allowed import of up to 300,000 metric tonnes of white sugar,” the ministry’s statement said. …read more […]

Yahoo Finance’s Adam Shapiro and Julie Hyman highlight Tuesday’s trending headlines. …read more […]

Most readers would already be aware that Lakeland Industries’ (NASDAQ:LAKE) stock increased significantly by 51% over… …read more […]

(Bloomberg) — Tesla Inc. has grown bigger than Toyota and Volkswagen combined thanks to a rally more befitting a technology stock than a car maker, and buying it now is probably a mistake for anyone but day traders, an analyst said Tuesday in downgrading the stock.Risks to the valuation include the possibility a new Tesla model will cannibalize sales of an older one, and rising competition in the electric vehicle market in general, wrote Sanford C. Bernstein analyst Toni Sacconaghi. While Elon Musk’s company has recently executed well on its strategy, the stock’s 481% gain in the past year likely …read more […]