Author: Anthony M. Orbison
Stellantis, the parent company behind Detroit brands Jeep, Ram and Chrysler, slashed its forecast for the full year on Monday in the latest alarm for a global car industry rocked by crisis. Shares in the Netherlands-domiciled group tumbled roughly 15% in trading in Europe, and were set for a similarly rough opening in U.S. trading, after the company informed investors it will badly miss its targets of both a underlying operating profit margin in the double-digits and positive net cash flow in its core manufacturing business. “Competitive dynamics have intensified due to both rising industry supply, as well as increased…
(Reuters) – Chain Bridge Bancorp (NASDAQ:), a lender popular among Republicans since its inception, is aiming to raise up to $48.1 million in its initial public offering in the United States. The McLean, Virginia-based bank is aiming to sell 1.85 million shares priced between $24 and $26 each, it said on Monday. The IPO, which is relatively uncommon in the banking sector, comes just about a month before the U.S. presidential election. Source link
Este artículo también está disponible en español. Solana (SOL) is now trading around a crucial supply zone after an impressive 26% surge since September 18, following the Federal Reserve’s announcement of interest rate cuts. This sharp rally has sparked optimism among analysts and investors, who hope Solana could soon reach new all-time highs. Related Reading Many in the crypto space believe Solana is primed for further gains, with some expecting it to outperform the broader market in the coming months. One prominent analyst, Carl Runefelt, has shared a technical analysis on X, highlighting the potential for a parabolic move once…
(Reuters) – AT&T (T) said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG (TPG) for $7.6 billion, exiting a business marked by declining distributions for the telecom operator.AT&T in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash in exchange for a 30% stake in DirecTV that was valued at about $16 billion at the time.The telecom company had agreed not to sell its stake in DirecTV for a three-year period, which expired on July 31.The stake sale would allow AT&T to focus on its…
Being likable at work isn’t just about your personality; it’s a strategic advantage that can open doors for career advancement. Alison Fragale, organizational psychologist and author, Likeable Badass joined TheStreet to discuss her top communication strategies for becoming more well-liked in the workplace.Related: Expert tips on landing your dream jobFull Video Transcript Below:CONWAY GITTENS: So tell me, what specific behaviors and communication strategies make us more likable at work? ALISON FRAGALE: Great question. So I called a book. I called this book likable, badass. But likable is just a single term for a whole dimension of characteristics. Are you how much do you care…
Sep 14, 2024 19:57 UTC | Updated: Sep 14, 2024 at 19:57 UTC By Clark Ripple (XRP) has successfully averted a potential sell-off after rebounding from a key support level. On the other hand, Dogecoin (DOGE) is gradually recovering at $0.10, while Shiba Inu (SHIB) struggles with low momentum and liquidity. As investors anticipate larger market movements for Ripple (XRP), Dogecoin, and Shiba Inu, many are turning to ETFSwap (ETFS) as a strategic investment option. Ripple (XRP) Struggles To Maintain Safe Zone Alongside Dogecoin (DOGE) and Shiba Inu (SHIB) Earlier this week, Ripple (XRP) dipped below the crucial $0.50 level, raising investors’ concerns…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has struck central Beirut for the first time in a year of fighting, as it expands the offensive against its adversaries across the region.Monday’s early hours strike in the Kola bridge area of Beirut came as two people familiar with the situation said the Israeli military had conducted limited ground incursions into Lebanon.The strike was the first within the city limits of the Lebanese capital since Israel’s 2006 war with Hizbollah. It hit an apartment building, killing three leaders of the…
SHANGHAI/SINGAPORE (Reuters) -Chinese stocks swept to their biggest single-day gains in 16 years on Monday, with domestic A-shares registering their highest ever turnover, as investors scrambled to join a searing rally sparked by Beijing’s latest raft of stimulus measures. The CSI300 blue-chip index is now up nearly 30% from its February trough, which by some market definitions suggests it is in a bull market, but much of the gains have happened very quickly and over a few sessions since last week. Many traders, fearing they may miss out of the upsurge ahead of a week-long holiday starting on Tuesday, helped…
Este artículo también está disponible en español. Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September. The crypto analyst opens his analysis with an emphasis on the unexpected positive performance of Bitcoin in September. “September is about to close and to the general public’s surprise, it’s looking like it’s going to be green (by a long shot), with the chance of setting the greenest September in…
Volkswagen AG’s second profit warning in three months makes one thing clear: Europe’s biggest automaker is in decline. The German manufacturer on Friday slashed expectations for revenue, profit and cash flow due to waning demand for its cars. The company now expects to deliver fewer vehicles this year than in 2023 — its fourth annual sales slump in five years. The warning underscores the extent of the crisis at Volkswagen, which has bungled a transition to electric vehicles and lost relevance in China, where its VW, Audi and Porsche brands are hemorrhaging market share. In Europe, Chief Executive Officer Oliver Blume faces…