Elon Musk’s Battery Demand Boom Lifts Supplier Tanaka in Japan
(Bloomberg) —As Elon Musk pushes out from his California base to make electric vehicles ubiquitous, a company halfway around the world and deep in the depths of the battery supply chain is riding his wake. Tanaka Chemical Corp., which has a long history in developing battery materials, says it’s boosting
Asian Stocks Rebound as North Korean Fears Abate: Markets Wrap
published Aug 29, 2017 7:23:24 PM, by Andreea Papuc (Bloomberg) —Asian stocks advanced after President Donald Trump’s measured response to North Korean missile launches and comments from Kim Jong Un suggested geopolitical tensions will ease off. The yen fell for a second day. Equity indexes in Japan, South Korea and
Prediction: Apple Predictions Will Be Very Wrong Again: Gadfly
published Jul 19, 2017 11:43:41 AM, by Shira Ovide (Bloomberg Gadfly) —It’s the silly season for financial predictions about Apple Inc. With history as our guide, it is folly to place much faith in them. Nearly every day brings deeply researched reports from stock analysts on their Apple sales forecasts.
Trump Pledges Harvey Aid With Congress Pressured to Speed Relief
published Aug 28, 2017 3:59:30 PM, by Erik Wasson and Jennifer Epstein (Bloomberg) — President Donald Trump said that he expects Congress to swiftly pass emergency disaster funding to respond to Hurricane Harvey in Texas, even as signs of a political fight over the money began to emerge. “You’re going
North Korea Fires Missile Over Japan in `Unprecedented’ Act
published Aug 28, 2017 6:30:42 PM, by Colin Keatinge, Lily Nonomiya and Andy Sharp (Bloomberg) — North Korea fired a ballistic missile over Japan on Tuesday, reigniting tensions after a war of words earlier this month between Pyongyang and U.S. President Donald Trump. The missile landed about 1,200 kilometers (745
Brexit Talks Should Focus on Economy, Say Business Lobby Groups
published Aug 27, 2017 6:01:00 PM, by Emma Charlton (Bloomberg) —Brexit negotiators reconvening in Brussels should focus on the economy on both sides, the British Chambers of Commerce and the Association of German Chambers of Commerce said. The two lobby groups on Monday called for clarity and certainty as the
Gasoline Surges, Oil Steady as Harvey Shuts Texas Refineries
published Aug 27, 2017 5:19:41 PM, by Jessica Summers (Bloomberg) —Gasoline surged and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Front-month gasoline futures jumped as much as 6.8 percent while oil added
S&P 500 Futures Pare Drop as Harvey’s Impact on Industries Eyed
published Aug 27, 2017 6:00:59 PM, by Oliver Renick and Lu Wang (Bloomberg) — Futures on American equity indexes were little changed, paring earlier losses, as investors waited to gauge consequences for stocks and industries from the strongest storm to hit the U.S. since 2004. September contracts on the S&P
Performance Gap With U.S. Creates `Layup’ for Canada Stocks
published Aug 24, 2017, 3:18:01 PM, by Kristine Owram (Bloomberg) —The disparity between underperforming Canadian stocks and their shining U.S. peers never stays this wide for long, which is why the manager of more than C$600 million ($478 million) at IA Clarington Investments Inc. is significantly overweight Canada. “You’re just
Amazon to Cut Prices at Whole Foods as Acquisition Closes
published Aug 24, 2017, 3:24:23 PM, by Mark Gurman and Matt Townsend (Bloomberg) —Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods Market Inc. The company said it will begin slashing prices on a broad cross section of