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...Some state legislatures, including Florida, Kansas and Idaho, have passed laws that ban or limit the consideration of ESG....
...core service growth (such as cloud, warranty) tied to the installed base and is thus only growing by mid-single digits. 6....
...Apple had been betting on that future, with one of the few elements of the company’s automotive project that it had publicly acknowledged being its attempts to master self-driving technology....
...Of course, there is customer service and access. But even those face tests....
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...Officials in Texas, Florida, South Carolina and other Republican states previously pulled assets from BlackRock and have targeted the firm for divestment after concluding that its use of ESG considerations...
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...The industry-leading gross profit margin on Tesla’s automotive operations briefly topped 30 per cent in 2021....
...The acquisition by Berkshire, whose related interests include car insurer Geico and dealership Berkshire Hathaway Automotive, was regarded as a vote of confidence in the US economy and more particularly...
...DeSantis, who is governor of Florida, boasted that he “took $2bn away from BlackRock”, referring to the state’s decision to move some investments to another asset manager....
...“In the automotive space, not everyone can win,” and right now, it is “the Wild West out there”....
...Tucked in Brooklyn’s edgy East Williamsburg neighbourhood there is now a Rivian service centre. Across town, the electric-truck maker has opened a high-end showroom in New York’s Meatpacking District....
...According to Mastercard SpendingPulse, which measures activity in stores and online across all forms of payment, US retail sales on Friday excluding automotive categories were up 2.5 per cent year on year...
...The other [opportunity] is automotive. We have built a very strong position in automotive with our Snapdragon digital chassis and the immersive digital cockpit....
...“When there are hot deals, even other [investment banks] have difficulty getting any shares from the lead left bookrunner,” said Jay Ritter, a professor of finance at the University of Florida who specialises...
...The Florida-based company said on Thursday it plans to use the cash to pay down debt and fund share buybacks....
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...Compared with China, the “total size of the opportunity [in India] is relatively much smaller”, said Peeyush Dalmia, who leads McKinsey’s financial services practice in India....
...Now, MSCI is the largest provider of ESG information services globally, according to JPMorgan, with about 3,000 clients including 49 of the 50 biggest asset managers....
...Price cuts of approximately 12-15 per cent led automotive revenues to fall 7 per cent....
...Shares in Jacksonville, Florida-based FIS have declined by about 45 per cent since it completed its acquisition of Worldpay in July 2019 from Vantiv....
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