A new and dangerous flaw has sent a fresh shockwave through the German auto giant BMW AG, forcing it to recall at least 331,000 vehicles in the latest chapter of a deepening and costly quality control crisis. The move, prompted by a defect in the starter motor that can lead to a vehicle fire, is
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A new and dangerous flaw has sent a fresh shockwave through the German auto giant BMW AG, forcing it to recall at least 331,000 vehicles in the latest chapter of a deepening and costly quality control crisis. The move, prompted by a defect in the starter motor that can lead to a vehicle fire, is
1.2KThe Rolls-Royce share price has pulled back in the past few days, moving from the year-to-date high of 1,195p to the current 1,115p, as investors book profits as they wait for the upcoming trading update in November. So, will the stock crash to 1,000p or rebound to 1,200p? Rolls-Royce share price technical analysis The daily
The Rolls-Royce share price has pulled back in the past few days, moving from the year-to-date high of 1,195p to the current 1,115p, as investors book profits as they wait for the upcoming trading update in November. So, will the stock crash to 1,000p or rebound to 1,200p? Rolls-Royce share price technical analysis The daily
4KAlphabet’s autonomous vehicle unit, Waymo, announced plans to bring its robotaxi services to London, marking its first foray into the European market. The company said on Wednesday that it will begin test drives on London streets in the coming months, with human safety specialists at the wheel. Pending regulatory approvals from local and national authorities,
Alphabet’s autonomous vehicle unit, Waymo, announced plans to bring its robotaxi services to London, marking its first foray into the European market. The company said on Wednesday that it will begin test drives on London streets in the coming months, with human safety specialists at the wheel. Pending regulatory approvals from local and national authorities,
1.9KIt seems like there is no stopping gold’s current rally. Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve. Analysts have repeatedly pointed out the overbought conditions in gold. However, the bulls have shrugged off any such
It seems like there is no stopping gold’s current rally. Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve. Analysts have repeatedly pointed out the overbought conditions in gold. However, the bulls have shrugged off any such
4.3KInvestors are choosing caution on Costco Wholesale Corp (NASDAQ: COST) this morning even though the membership-only big-box retailer came in ahead of Street estimates for its fiscal Q4. Including today’s decline, COST shares are down nearly 15% versus their year-to-date high. Why did Costco stock tumble after Q4 earnings? While the headline numbers remained reasonably
Investors are choosing caution on Costco Wholesale Corp (NASDAQ: COST) this morning even though the membership-only big-box retailer came in ahead of Street estimates for its fiscal Q4. Including today’s decline, COST shares are down nearly 15% versus their year-to-date high. Why did Costco stock tumble after Q4 earnings? While the headline numbers remained reasonably
3.4KFollowing US sanctions on an import terminal in eastern China, trading firms have redirected at least five crude oil tankers from a major port in the region, according to a Reuters report. US sanctions have forced refiners to alter plans for unloading cargo at Lanshan port in Shandong province, leading to diversions. This has caused,
Following US sanctions on an import terminal in eastern China, trading firms have redirected at least five crude oil tankers from a major port in the region, according to a Reuters report. US sanctions have forced refiners to alter plans for unloading cargo at Lanshan port in Shandong province, leading to diversions. This has caused,
4.9KA UK court has dismissed a $440 million lawsuit against Japan’s SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital. Judge Robert Miles of London’s High Court found that SoftBank’s activities in transactions dealing with Katerra, a US construction firm backed by the Japanese conglomerate, were in good faith. The
A UK court has dismissed a $440 million lawsuit against Japan’s SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital. Judge Robert Miles of London’s High Court found that SoftBank’s activities in transactions dealing with Katerra, a US construction firm backed by the Japanese conglomerate, were in good faith. The
3KShares of Swedish buy-now-pay-later firm Klarna Group Plc fell below their initial public offering (IPO) price for the first time on Friday, just weeks after the company’s highly anticipated debut. The digital-payments firm’s stock dropped as much as 7.7% to $38.31, below the $40 IPO price, amid broader weakness in the fintech sector and investor
Shares of Swedish buy-now-pay-later firm Klarna Group Plc fell below their initial public offering (IPO) price for the first time on Friday, just weeks after the company’s highly anticipated debut. The digital-payments firm’s stock dropped as much as 7.7% to $38.31, below the $40 IPO price, amid broader weakness in the fintech sector and investor
1.4KShares of radiation safety firm Mirion Technologies (NYSE:MIR) jumped 12% on Friday after JPMorgan initiated research coverage with an Overweight rating and a $28 price target, suggesting an upside of roughly 31%. The rally was further fueled by a Politico report indicating that the US Department of Energy (DOE) is preparing to announce $900 million
Shares of radiation safety firm Mirion Technologies (NYSE:MIR) jumped 12% on Friday after JPMorgan initiated research coverage with an Overweight rating and a $28 price target, suggesting an upside of roughly 31%. The rally was further fueled by a Politico report indicating that the US Department of Energy (DOE) is preparing to announce $900 million
3.2KMorgan Stanley reported its Q3 earnings on Wednesday and posted a solid quarter, surpassing Wall Street estimates with earnings per share of $2.80 and revenue of $18.22 billion. During the third quarter, Morgan Stanley gained from increased trading activity and a revival in investment banking, including mergers and IPOs. Moreover, as the Wall Street indices
Morgan Stanley reported its Q3 earnings on Wednesday and posted a solid quarter, surpassing Wall Street estimates with earnings per share of $2.80 and revenue of $18.22 billion. During the third quarter, Morgan Stanley gained from increased trading activity and a revival in investment banking, including mergers and IPOs. Moreover, as the Wall Street indices
