|Day's Range||0.7900 - 0.8300|
The president has less than 90 days left to decide on new auto tariffs. Yahoo Finance's Alexis Christoforous and Jessica Smith discuss.
The governor of Brazil's Sao Paulo state said on Thursday he would help Ford Motor Co find a buyer for its oldest plant in the country, which is slated to be closed this year as part of the automaker's global reorganization. “The clear solution to keep the jobs is to sell the plant,” said recently elected Governor Joao Doria. Brazil is South America's largest auto industry hub, which is still recovering from a deep recession.
Ford Motor Co. (F) is working with DTE Energy (DTE) to power facilities in Michigan with renewable energy. Ford will procure 500,000 megawatt hours of wind energy through Detroit-based energy company DTE’s MIGreenPower program.
Has Trump Managed to Breach the Great Wall of China?(Continued from Prior Part)Seven points As noted in the previous article, US-China trade talks seem to be making progress, which is evident in China’s (EEM) (FXI) recent statements. The country
While revenues of BorgWarner (BWA) and American Axle (AXL) beat, Cooper Tire (CTB) misses estimates. Revenues of Genuine Parts (GPC) and Advance Auto Parts (AAP) meet estimates.
Ford Motor Co's oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker's U.S. facilities. Ford announced on Tuesday it will close the factory and exit its heavy commercial truck business in South America as part of a global restructuring. Overall, Ford's Sao Bernardo plant produced 33,000 cars and heavy trucks in 2018, or just 11 vehicles per employee.
Ford Motor Company’s Dearborn Truck Plant, home of the Ford F-150 and Ford Raptor, Michigan Assembly Plant, home of the new 2019 Ford Ranger, and several new buildings on the Ford Research and Engineering Campus and Corktown campus, including Michigan Central Station, will soon be powered by 100 percent locally sourced renewable energy. This is in addition to the 500-kilowatt solar photovoltaic panel system already in place at Michigan Assembly.
ST ATHAN, Wales/GAYDON, England (Reuters) - In three cavernous former Royal Air Force hangars at an old airbase in Wales, luxury carmaker Aston Martin is forging ahead with construction of a new vehicle assembly plant. The paint shop is in, robots are being unpacked, and production of the company's critical new sport utility vehicle is on track to start this year – Brexit deal or no deal. "I still have to believe that we'll get to a proper and right decision because a no-deal Brexit is frankly madness," Aston Martin CEO Andy Palmer told Reuters at the company's Gaydon headquarters in England, where designers are working on a diverse lineup of vehicles for the 2020s and beyond.
U.S. federal officials have decided to end negotiations with California over the Trump administration's plans to roll back fuel economy rules designed to reduce greenhouse gas emissions, a government official said on Wednesday. California and 19 other states have demanded the Trump administration abandon a proposal made in August to freeze fuel efficiency standards after 2020 and strip California of the ability to impose stricter rules. Aside from the threat of increased pollution, Detroit automakers have the greatest financial interests at stake.
Kandi Technologies said the National Highway Traffic Safety Administration approved its Model EX3 and Model K22 electric vehicles for importation to the U.S.
Economist Warns of a Possible Recession by 2020Recession fears Over the last few months, investors’ concerns about a possible recession in the near term have been fueled by several factors, including slowing global economic growth and a sudden
Ford said this decision came after months of pursuing viable alternatives, including possible partnerships and a sale of the operation.
Trump Says His Election Prevented a Stock Market CrashThe stock marketIn 2018, the S&P 500 benchmark fell 6.2% after rising 6.5% and 19.4% in 2016 and 2017, respectively. Apart from investors’ concerns about rising interest rates, the major
J.P. Morgan Encourages Investors to Buy Stocks despite WorriesUS stock market The US stock market has seen a decent recovery in the first quarter of 2019 so far after a steep decline in the fourth quarter of 2018. As of February 19, the S&P 500
5 of Top 10 Income Growth Cities Are Right Near Alphabet, Apple Headquarters Median income growth in San Francisco over the last 5 years has been over 30%. In Fremont it’s 23%, and in Oakland 22%. Those are the top 3 cities for median income growth in the United States, and they are all in […]The post Market Morning: Incomes Explode Near Google, Apple; Fed Minutes Nailbiter, Ford Reshuffle, Gold Jumps appeared first on Market Exclusive.
It wasn't a particularly pretty effort, but the bulls managed to get the job done on Tuesday. The S&P 500 ended yesterday's action up 0.15%, possible solidifying the recent move above the 200-day moving average line. Meanwhile, the Nasdaq finally crossed above its long-term moving average line, gaining 0.19%. Neither move unfurled on especially strong volume.Ford (NYSE:F), amazingly enough, led the way with its 3.4% advance in response to news that it was shuttering commercial truck operations in Brazil. Walmart (NYSE:WMT) rallied 2.2% on the heels of another surprisingly strong quarterly report.At the other end of the spectrum, Uniti Group (NASDAQ:UNIT) fell more than 30% while former parent Windstream Holdings (NASDAQ:WIN) saw its stock tumble more than 60% after a federal judge ruled that the split of the two companies violated a key covenant of one of its bond issues. The potential liability isn't entirely clear. What is clear, however, as that investors see more than a little bit of liability in the matter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Wednesday's trading, the stock charts of Cabot Oil & Gas (NYSE:COG), Freeport-McMoRan (NYSE:FCX) and Microsoft (NASDAQ:MSFT) are of the most interest. The rising tide has started to pull these names out of their respective ruts. Freeport-McMoRan (FCX)In late November, Freeport-McMoRan shares were teasing with a bounce. They'd fallen roughly 50% from the early 2018 peak, but the selling looked like it had come to a climax. Things looked like they couldn't get any worse for FCX. * 7 Financial Stocks With Accelerating Growth As it turns out, they were able to get a little worse. Following a small recovery effort in early December, Freeport-McMoRan ended up making an even lower low in late December. Ever since then, however, the then-oversold stock has made huge progress that suggests it has shaken off all that weakness. Click to Enlarge • The new uptrend is most readily evident on the daily chart. FCX stock has pushed above the purple 50-day moving average line that had helped guide it lower for the latter half of last year.• That same daily chart, however, also shows how overextended the stock is now. At least some measure of pushback or profit-taking is in the cards.• Even with a pullback, though, the heavy lifting has been done. We've seen two huge accumulation days since last week. The bulls have tipped their hand. The convergence of the gray 100-day and the blue 20-day moving average lines around $11.70 is the most plausible support area from here, should it be needed. Cabot Oil & Gas (COG)It has undeniably got more to do with the broad (though inconsistent) rebound in the price of crude than it does with Cabot Oil & Gas itself. Nevertheless, of all the oil stocks gearing up for a recovery move, COG stock is better positioned for follow-through than most.You just have to stand back from a distance to see it, and fully appreciate it. Click to Enlarge • While very uneven, Cabot Oil & Gas has made a slow, bowl-shaped move out of last year's downtrend and into an uptrend. We've logged a couple of higher lows since October's bottom.• While it had to be tested multiple times, the key lows between mid and late 2018 confirm the bulls have drawn some sort of line in the sand.• Though the bulls are chipping away at a ceiling, the brewing uptrend would be confirmed by the purple 50-day moving average starting to diverge away from the white 200-day moving average line. Microsoft (MSFT)Finally, it was only a few days back Microsoft shares were hinting at another round of selling. The 100-day moving average line was acting as a ceiling, and another straight-line resistance level was forming.That potential selloff never took hold though. Rather, it was the bulls that persisted, punching through a minor ceiling. Click to Enlarge • The escape from a potential setback is clear enough on the daily chart. MSFT stock bumped into the gray 100-day average several times in January and early February. Shares broke through last week though.• There's still a chance the bears could roll Microsoft over. The expanding trading range, framed with white dashed lines, has established another technical ceiling around $109.00.• Bolstering the bullish argument is the bullish MACD cross that has taken shape as of yesterday.• Working against the budding uptrend is a distinct lack of volume, and the fact that the purple 50-day moving average line is still under the white 200-day average, and the gray 100-day average line is about to pull under the 200-day moving average.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post 3 Big Stock Charts for Wednesday: Freeport-McMoRan, Cabot Oil & Gas and Microsoft appeared first on InvestorPlace.
Ford Motor Company (F) and Volkswagen AG (VLKAF) have decided to join forces to make commercial vehicles for each other, observes Jim Powell, growth stock specialist and editor of Global Changes & Opportunities Report.
The following are the top stories in the Wall Street Journal. - U.S. automaker Ford Motor Co on Tuesday said it intends to stop making heavy trucks in South America and focus on the more popular midsize pickup trucks and sport-utility vehicles in the region. - A U.S. federal judge on Tuesday delayed a lawsuit over a Pentagon cloud-computing contract Amazon.com Inc was favored to win so the government could investigate what it said was "new information" on possible conflicts of interest in the procurement process.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Huawei involvement in UK 5G network 'irresponsible', warns ...
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British lawmaker Joan Ryan becomes ...
SAO PAULO/DETROIT (Reuters) - Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in $11 billion in charges. Following that announcement, analysts and investors had expected a similar restructuring in South America.
Ford Motor Co. intends to stop making heavy trucks in South America and focus there on the more popular midsize pickup trucks and sport-utility vehicles, the company said Tuesday. Michigan-based Ford is under pressure to improve its international operations after incurring losses at all of those units in 2018, including $678 million in South America. On Tuesday, Ford said it would end production this year at Brazil’s São Bernardo do Campo assembly plant, ending sales in South America of F-4000 and F-350 trucks once inventories are cleared.