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BMW on Wednesday unveiled the i4, the latest in its lineup of electric cars, CNN reported. Also, even as the luxury automaker planned to add more electric vehicles to its stable, it would continue to make cars with gas engines into the foreseeable future, the company said. BMW Unveils The i4, The Latest In Its Lineup Of Electric Cars BMW chairman Oliver Zipse spoke in an online conference; BMW continues building, developing, and selling cars working on internal combustion technology, plug-in hybrids included. He added that the company could not find customers for the vehicles in the 140 markets it…
Even as the Federal Reserve indicated it had no plans to raise interest rates soon and also cut back its bond-buying program, the 10-year US Treasury shot above 1.7% on Thursday. 10 Year Treasury Yields Soar To A 14-Month High At 1.74% The benchmark 10-year Treasury note yield rose 9 basis points to 1.737% by 7:10 am. ET while the yield on the 30-year Treasury bond was up 5 basis points to 2.502%. Yield and price movements shared an inverse relation. (1 basis point equalled 0.01%). The 10-year had earlier broken over 1.4% in the session, coming in at its…
Electric carmaker Tesla would see its shares plunge with increasing interest rates following the coronavirus crisis, according to Lansdowne Partners fund manager Per Lekander, who spoke to CNBC. The Fund Manager Says Tesla Shares To Fall. Lekander told CNBC’s “Squawk Box Europe” Tuesday that he thought Tesla was in a bubble and that he was on the company, meaning he stood to profit if the value of Tesla’s stock were to fall. Tesla’s market value rocketed to more than $800 billion in the 12 months leading up to January, before falling to $600 billion in February. It now stood at…
As America looked to exit the coronavirus-induced recession, the uncertain economic outlook of a few weeks seems to be changing to booming in a reversal that would require the Federal Reserve to walk a tightrope to not spoil the party, USA Today reported. Fed Needs To Tread Carefully To Not Hurt Recovery, Say Experts. On Wednesday, the concluding day of the Fed’s two-day meet, policymakers would need to factor in the emerging scenario in the forecast to reflect the return of positivity, according to economists. However, in the event the policymakers push for faster and earlier hikes in short-term interest…
A survey released Monday by Mizuho Securities showed that stocks and especially bitcoin could get a big boost on another round of stimulus checks, Marketwatch reported. Survey Points To Big Boost To Investment In Bitcoin And Stocks From Stimulus Checks. Survey Points To Big Boost To Investment In Bitcoin And Stocks From Stimulus Checks. The survey polled 235 individuals who would receive checks thanks to the latest round of COVID-19 relief that President Joe Biden signed into law. It revealed that two out of five recipients planned to invest at least some part of the amount they receive into bitcoin…
Many people would have their savings and checking accounts credited with the latest stimulus payments due on St. Patrick’s Day, USA Today reported. Banks Face Criticism Over The Availability Of Third Stimulus Payment. However, many customers at some banks, including Wells Fargo and JP Morgan Chase, had issues with the timing of the payments. According to the trade group handling the processing of the deposits, eligible consumers would get access to their money by 9 a.m. local time Wednesday. According to Nacha, the organization governing the NCH network, the IRS chose the date of March 17, which was the date…
Stocks held flat on Monday, as the Dow and S&P 500 hovered close to record highs buoyed by positive sentiment around Covid-19 vaccines and prospects of economic recovery providing the broad market support, CNBC reported. Stocks Hold Flat On Monday After Last Week Rally. The Dow was up 10 points after registering an intra-day high at the open. The Nasdaq Composite rose 0.1 %, while S&P 500 traded flat. The gains were led by stocks that are expected to benefit most from a swift economic resurge. United Airlines and American Airlines shares were up 6% and 9%, respectively, with Boeing…
Global stock prices registered an uptick on Monday, with US bond yields around a 13-month peak. Investor sentiment was positive over an expected acceleration of US growth rate following the signing of the $1.9 trillion into law by President Joe Biden last week, Reuters reported. Global Stocks Rise On Vaccine Hopes, Stimulus According to commentators, with the United States and other countries stepping up Covid-19 vaccinations, risk assets saw bullish trends, even as the US Federal Reserve heads into policy meetings later this week. According to Norihiro Fujito, chief investment strategist, Mitsubishi UFG Morgan Stanley Securities, the US had now…
Investors bullish on U.S. energy shares have raked in big as stocks rallied, Reuters reported. What course the rally would chart ahead would depend on the strength of the economic recovery, oil market supply dynamics, and the discipline companies would bring to bear on spending. With crude prices having doubled, oil and gas company shares, losers over the years, had emerged as star performers of the market. Since early November, oil majors Diamondback Energy Inc and Exxon Mobil Corp shot 231% and 89%, respectively. Energy Stocks Bounce Back Strong On Improving Pandemic Outlook Over time, the S&P energy sector had…
President Biden signed the $1.9 trillion COVID 19 relief package. President Biden signed the COVID 19 relief package, his rescue strategy for the country. It contains $1400 stimulus checks. The extensive $1.9 trillion COVID 19 relief package has something for every single American. From people who lost their jobs during the pandemic to struggling businesses, the helping hand is there for everyone. But the greatest winners here are struggling American families. The $1.9 Trillion Bill Is A Boost To The Struggling Americans! The bill offers then numerous opportunities to get on track. The provision that has received widespread attention is…