Nissan seals Renault deal, now faces hard yards in China
(Reuters) – Nissan will invest up to $663 million in Renault (EPA:RENA)’s new electric vehicle unit, the automakers said on…
Nike’s stock price could double, claims UBS
UBS believes Nike’s (NYSE:NKE) stock price “could double” if the company performs according to its long-term sales and margin targets.…
GM wrestles with costs, struggles with EVs as Q2 profits fall
(Reuters) -General Motors is wrestling with costs and struggling to build more electric vehicles, as it reported Tuesday that adjusted…
London court revives $3.5 billion mass forex lawsuit against banks
(Reuters) – A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan (NYSE:JPM) and Citigroup (NYSE:C)…
S&P 500 and Nasdaq eye higher open ahead of Big Tech earnings
(Reuters) – The S&P 500 and the Nasdaq were set for a slightly higher open on Tuesday after multiple companies…
Analysis- Sensing end of Fed hikes, some investors return to dividend stocks
(Reuters) – Some investors are giving the shares of dividend-rich companies a second look as expectations grow that the Federal…
RV industry steers through post-pandemic US slump
(Reuters) – The U.S. economy may ultimately skirt a recession, but it’s felt like one for months at Jon Ferrando’s…
GM puts profit ahead of growth, veering away from Tesla
(Reuters) – General Motors (NYSE:GM) lifted its full-year profit guidance on Tuesday, in large part because it plans to invest…
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning…
Australia’s Wesfarmers to merge discount stores Kmart and Target
(Reuters) – Australian retail conglomerate Wesfarmers (ASX:WES) said on Tuesday it will merge the business units of its budget department…