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Bang-up week on Wall Street ends with a whimper

5 days ago DieselGasoil Comments Off on Bang-up week on Wall Street ends with a whimper
(Reuters) – Wall Street edged lower on Friday, as U.S. Vice President Mike Pence’s decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, while tensions between the United States and Iran undercut sentiment. The S&P 500 briefly hit a record high. Pence called off a planned Read More

Wall St. dips after strong rally as U.S.-Iran tensions escalate

5 days ago DieselGasoil Comments Off on Wall St. dips after strong rally as U.S.-Iran tensions escalate
(Reuters) – U.S. stocks slipped on Friday as rising tensions between the United States and Iran slammed the brakes on this week’s run that lifted the S&P 500 to a record high. FILE PHOTO: Traders work on the main trading floor after the opening bell at New York Stock Exchange (NYSE) in New York, U.S. Read More

Goldman slashes Tesla price target by $42 on demand concerns

6 days ago DieselGasoil Comments Off on Goldman slashes Tesla price target by $42 on demand concerns
(Reuters) – Goldman Sachs on Thursday cut its price target on Tesla Inc by 21%, to third lowest on the Street, on concerns about the sustainability of demand for the electric car maker’s models. FILE PHOTO: Tesla Superchargers are shown in Mojave, California, U.S., March 11, 2019. REUTERS/Mike Blake Earlier this month, Chief Executive Officer Read More

UBS loses role in bond deal for Chinese firm on outcry over pig comment

1 week ago DieselGasoil Comments Off on UBS loses role in bond deal for Chinese firm on outcry over pig comment
HONG KONG (Reuters) – UBS has lost a lead role on a U.S. dollar bond deal for state-backed China Railway Construction Corp, just days after a Chinese outcry over a senior UBS economist’s use of “pig” in connection with Chinese food price inflation. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Read More

Long-awaited London-Shanghai share listing project goes live

1 week ago DieselGasoil Comments Off on Long-awaited London-Shanghai share listing project goes live
FILE PHOTO: People check their mobile phones as they stand outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that Read More

Wall Street split on Tesla 2019 delivery promises

2 weeks ago DieselGasoil Comments Off on Wall Street split on Tesla 2019 delivery promises
FILE PHOTO: Newly manufactured Tesla vehicles are shown parked in a large lot next to the airport in Burbank, California, U.S. August 24, 2018. REUTERS/Mike Blake (Reuters) – Tesla Inc shares rose almost 3% in early trade on Wednesday, with analysts still divided on the electric-car maker’s chances of meeting delivery and production targets in Read More

Beyond Meat slides after lead underwriter downgrades stock

2 weeks ago DieselGasoil Comments Off on Beyond Meat slides after lead underwriter downgrades stock
(Reuters) – Shares of Beyond Meat Inc fell as much as 22% on Tuesday after one of the stock’s lead underwriters, J.P. Morgan, downgraded it, saying the exponential growth expected from the plant-based burger was now priced in. Beyond Meat has surged over 69% in two days since it forecast overall sales in 2019 to Read More

Beyond Meat top choice for Wall Street after bullish results

3 weeks ago DieselGasoil Comments Off on Beyond Meat top choice for Wall Street after bullish results
(Reuters) – Shares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker forecast that sales would more than double overall in 2019 after they tripled in the first quarter. Expectations were high heading into Beyond Meat’s report on Thursday, with its shares having jumped about 400% since its initial public offering Read More