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...Bearish positions in the card issuer Discover and subprime auto lender Credit Acceptance have also risen. Bank stocks are “as out of favour as you get”, said Mike Mayo, analyst at Wells Fargo....
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...In our view, this sends a message not just to auto and tech investors, but to the management teams and board of directors of the world’s auto companies....
...Tech companies fear that these state laws could become the default for the entire US, in the same way that California’s legislation regulating auto emissions became the national standard, because companies...
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