Hints and tips:
Related Special Reports
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...“Apple was going outside its core DNA, and to spend another $10bn would be putting good money after bad.”...
...The second-hand value of the top-10 selling battery cars in the US, including models from Tesla, General Motors and Ford, fell an average of 28 per cent in 2023, data from CarGurus and compiled by HSBC show...
...American money-laundering scandal....
...Chang’s and business technology provider Computer Services Inc....
...This acts as a benchmark for broader lending, from bank credit to leveraged trades, by setting the short-term cost of swapping high-quality collateral such as Treasuries for cash....
...The central bank’s “pledged supplementary lending” programme, a quasi-fiscal facility for cut-price loans used in past stimulus pushes, increased the pace of lending 12 per cent in December....
...Polish central bank chief Adam Glapiński told the FT he was seeking a truce with Prime Minister Donald Tusk after an increasingly bitter feud....
...of lending money to companies....
...Those firms have attracted funds as more stringent regulation following the financial crisis meant banks pulled back from lending to small and medium-sized businesses in the US and Europe....
...But Camarate was sceptical that an artificial intelligence lending solution would make a real difference to local banks’ appetite to lend to small businesses: “Honestly, you don’t need AI....
...The rise of challenger banks in the UK has partially filled the gap left by a decline in small business lending and shows the positive impact new entrants can have....
...Although the two banks hold radically different positions in managing money for wealthy people, the signs of pressure to bolster profits from both groups are a warning....
...The Fed will pay your bank or money market fund 5.4 per cent to sit on it. This means that velocity and money supply now mostly reflect Fed balance sheet policy....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...“The sector is accumulating money again....
...A structure like this will rub along while the money is rolling in....
...“They’re still spending money.” However, the banks noted that savers had less money in the bank than 12 months ago as they continued to spend, while defaults have started to climb....
...Ford’s F-150 Lightning electric truck starts from $42,000, while General Motors has launched an electric Hummer, which starts from $80,000 and weighs almost five tons....
...To the degree that banking is the business of distributing money — gathering capital at one price, lending it at another — it is a commodity business....
...are looking to break into the hot new phenomenon of lending money to companies.”...
...Consumers, Caldwell noted, are always interested “whenever there is free money at play”....
...And if Micro Connect’s financing were to be reclassified as lending, he would face caps on how much money stores could repay. Sceptics have compared his model to outlawed peer-to-peer lending....
...A general election in the UK is also expected. In some countries, climate policies are already being set out as election battlegrounds....
...The most significant response in the west has been the US Inflation Reduction Act, which has pumped money into clean tech, including electric vehicles and batteries....
International Edition