Hints and tips:
...In a Monday update, the rating agency moved Ford up to triple-B minus from double-B plus....
...Wall Street opened higher on Wednesday as investors parsed a flurry of corporate earnings, including a particularly rosy report from carmaker Ford....
...The S&P 500 had its biggest weekly loss since March and fell 10 per cent from a late July peak as escalating tensions in the Middle East unnerved investors....
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...Ford has suspended construction of a $3.5bn electric battery manufacturing plant in Michigan, US, amid controversy over the plan and an auto workers’ strike....
...A survey by S&P Global Mobility showed that about 45 per cent of consumers across countries cited concerns over the availability of charging stations, and the time required for charging, as reasons for not...
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
...Also, it will be a busy week for carmakers — notably Nissan, Toyota and Ford — and (yet more) tech — Alibaba, Arm, Spotify and Uber. More details below....
...However, debt rating agency S&P on Monday upgraded Ford to investment-grade, citing its improving margins and a cost reduction programme that will “more than offset higher labour-related costs”....
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
...Companies from a range of industries have sold bonds this year. The financing businesses of various high-grade car groups have tapped lenders across multiple deals, including Ford and Toyota....
...More details on what the companies, from Morgan Stanley to Ford, are up to....
...The move comes after Washington announced it was deploying a carrier strike group, led by the USS Gerard R Ford aircraft carrier, to the region....
...the performance of the S&P 500....
...Among the biggest fund managers, Vanguard supported 92.6 per cent of all board directors at S&P 500 company meetings for the 12 months ending July 1 2023, according to Farient Advisors, a pay consultant....
...S&P’s change reverses a five-year-old policy of barring new companies with dual-class shares from indices....
...An electric-vehicle price war looks a bit tougher for Ford Motors after its last quarterly results. Even if it’s a price war between only Ford and Tesla....
...Brazil: Q4 GDP figures Canada, China, EU, France, Germany, Italy, Japan, UK, US: S&P Global/Caixin/HCOB manufacturing PMI data EU: Core February CPI and HICP inflation rate data South Korea: Independence...
...On the third point, the strongest evidence for political pressure shocks came under the administrations of Nixon, Gerald Ford and Jimmy Carter, suggesting that — like bell-bottoms, earth tones and P-Funk...
...Ford has struck a deal to give its drivers access to 12,000 fast-charging stations in Tesla’s network....
...Ford last month....
...Lululemon’s shares have surged 49 per cent over the past 12 months — easily beating a 4.6 per cent rise for the S&P Retail Select Industry index....
...Not only did they fall excruciatingly far, with a 20 per cent retreat in the S&P 500 over the 12 months. But they also dropped in a relentless way....
...A recent report by S&P Global Commodity Insights found the US would struggle to meet demand for critical minerals such as nickel by relying only on domestic sources and free-trade partners....
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