Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Commercial Vehicle Group (NASDAQ:CVGI) and the best and worst performers in the heavy transportation equipment industry.
(Bloomberg) -- Norinchukin Bank’s disastrous last fiscal year has had one silver lining for Japan’s $300 billion investing giant — it helped shield it from the turmoil unleashed by Donald Trump’s tariffs this month. Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageNe
BUENOS AIRES (Reuters) -Argentina's long-suffering markets gave a slightly weary cheer on Monday after the country sealed a $20 billion loan program with the International Monetary Fund and undid large parts of its currency and capital controls late on Friday. The peso slid around 9% to 1,170 per dollar, but less than expected, while widely-used parallel exchange rates strengthened, almost closing the gap between the official and informal rates that has widened sharply in recent years. The currency drop came after the central bank undid its so-called crawling peg and allowed the currency to float freely within a far wider trading band of 1,000-1,400 pesos per dollar, a major policy shift investors and firms had been pushing for.
(Bloomberg) -- The equity market’s liquidity has deteriorated sharply in the last few weeks, contributing to a spike in volatility as tariff worries rocked markets, according to Goldman Sachs Group Inc. strategists.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageSud
Mantra's OM token crashes 90% overnight to $0.70, wiping billions in value as team blames 'reckless' exchange liquidations rather than internal actions.
(Bloomberg) -- Strategists at Goldman Sachs Group Inc. cut their targets for key Chinese stock indexes for a second time this month, citing heightened trade tensions with the US.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing Shortage“US-China trade tensions have soared to
European semiconductor names were up as well, with gains strongest for those most exposed to the U.S. market, like ASM International, Infineon, and ASML, rising about 2% as of 0720 GMT. Europe's chipmakers supply key chips to the smartphone, personal electronics industry, while computer chip equipment makers, like ASML, are now excluded from Trump's 10% "baseline" tariffs into the U.S. Other U.S. tech stocks listed in Frankfurt were also higher with Nvidia rising more 3%, Dell Technologies up 6.3%.
Citi joined a string of brokerages, including Goldman Sachs and BofA, in slashing their benchmark index target below the 6000 mark. Citi's current year-end target stands at 5800, below its previous estimate of 6500, while it also cut the index's earnings-per-share(EPS) projection to $255 from $270.
The euro surged further against the US dollar, and European stock markets are set to open higher as the White House exempts electronics from the reciprocal tariffs. However, US President Donald Trump and his team hinted that the exemption would only be temporary.View on euronews
French startup Dift helps companies reward their clients and employees with donations that support social and environmental causes of their choice.