Global Vein Illumination Technologies Market 2020-2027: Vein Finders Present Effective Solution for Medical Staff to Master Phlebotomy

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Bitcoin ‘Far Too Costly’ in Norway Where Cashlessness Rules
(Bloomberg) -- Norway recently emerged as the world’s most cashless society, but its central bank governor says people shouldn’t start turning to Bitcoin as an alternative.Oystein Olsen, the governor of Norges Bank in Oslo, says it’s inconceivable that Bitcoin -- the most popular cryptocurrency -- will replace the money that’s currently controlled by central banks.Bitcoin is “far too resource-intensive, far too costly and most importantly, it doesn’t preserve stability,” Olsen said in a phone interview. “I mean, the basic property and task for a central bank and central-bank currency is to provide stability in the value of money and in the system, and that is not done by Bitcoin.”GLOBAL INSIGHT: Carpe Diem - Central Banks in Digital Future Olsen’s dismissal of Bitcoin comes not long after one of Norway’s most prominent businessmen, Kjell Inge Rokke, endorsed the cryptocurrency, arguing it will ultimately be on the right side of monetary history. He even suggested a single Bitcoin might one day “be worth millions of dollars.”On Monday, one Bitcoin traded at around $57,000, almost 900% up from its value roughly a year ago. Elon Musk is a fan, as is Cathie Wood of Ark Investment Management. Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, recently said there’s now “huge” institutional demand across different industry types and from private banking clients for Bitcoin.Meanwhile, central banks are racing to respond to widespread cashlessness by developing their own digital currencies before cryptocurrencies take over. Norges Bank Deputy Governor Ida Wolden Bache said last November that Norway has become the world’s most cashless country, with only 4% of all payments conducted with bank notes and coins. That’s raised questions about how payments should be conducted in the future.But Norway isn’t one of the front-runners when it comes to developing central bank digital currencies (CBDC). Instead, Sweden and China are the world leaders among major economies, as policy makers team up with technology experts to figure out how best to design something that central banks can control.Cecilia Skingsley, a deputy governor at Sweden’s Riksbank, says that “sometimes in history -- and Sweden is a good example of it -- the public sector has to take the torch and run with it.”Speaking during a panel discussion on central bank digital currencies at a virtual conference held by the Bank for International Settlements on Tuesday, Skingsley said, “We need to realize that money transfers and payments serving the general public are not as good as they should be.”Central Banks Are Getting Serious About Digital Money: ChartNorges Bank is due to publish a report on its CBDC project in April. Wolden Bache said earlier this month the goal is that users “must be able to pay efficiently and securely in” Norwegian kroner. According to her slide presentation, a Norwegian CBDC “will not change private sector credit intermediation.”As for Bitcoin, which some central bankers have compared to the tulip bubble of the 17th century, Olsen said, “I don’t think at the end of the day it will be a threat to central banks. Although some people talk about that.”“Digital currencies more generally are the new wine, in many respects,” he said. But now, “central banks are entering the scene.”(Adds comment for Swedish central banker in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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European Equities: COVID-19 and FED Chair Powell in Focus, with No Majors Stats to Consider
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Reuters
US STOCKS-Stocks slide as stimulus, infrastructure costs spook investors
U.S. stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden's $1.9 trillion relief bill weighed on investors who also fear further downside in the market. Remarks by Treasury Secretary Janet Yellen that the U.S. economy remains in crisis from the pandemic as she defended developing plans for future tax increases to pay for the new public investments put investors on alert. Yellen spoke at a hearing of the House Financial Services Committee where Federal Reserve Chair Jerome Powell also addressed the committee.
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Bloomberg
Apple, Tesla Trigger Wall Street Dreams of $3 Trillion Valuation
(Bloomberg) -- A growing chorus of Wall Street professionals is predicting that electric and autonomous vehicles sales will propel Apple Inc. and Tesla Inc. to $3 trillion each in market value by 2030.The blockbuster targets come as shares of both companies -- though two of the most popular in the S&P 500 index -- have slumped this year and are lagging the benchmark’s 4.9% rise. That hasn’t dented the enthusiasm of a handful of analysts and investors betting big on the future of driver-less cars.Cathie Wood’s Ark Investment Management, for example, sees a 50% chance of Tesla achieving fully autonomous driving within five years, while Citigroup Inc.’s Jim Suva said developing the Apple Car could boost the company’s sales by up to 15% after 2024.“Tesla is the perfect example of a momentum stock that is really all about the optimism of the future and optimism of what they can do with everything that they are working on,” said Greg Taylor, chief investment officer at Purpose Investments. “And conversely Apple has almost become the new defensive stock. It’s the company with one of the best balance sheets out there. And it’s become almost the new defensive that when people buy the market, they buy Apple.”Wood was the latest to predict that Tesla would reach the eye-popping milestone after she boosted her share price forecast to $3,000, giving the company a valuation of almost $3 trillion. That follows New Street analyst Pierre Ferragu, who forecast the electric-vehicle maker can have a market capitalization of $2.3 trillion to $3.3 trillion by 2030.Read more: Tech Recovery Proved Fragile With Index Down Again For YearShares of Tesla rose 2.3% to $670 on Monday, giving it a market value of about $643 billion.“A $3 trillion market cap has to be a function of both the promise of a technology and some very tangible proof that it’s economic model is profitable, and deeply profitable,” said Nicholas Colas, co-founder of DataTrek Research. “So you don’t get to $1 trillion, let alone $3 trillion by just talking. You get there by showing the numbers, by showing the profitability.”And while Apple has a solid track record of strong profit generation, Tesla is still in the early stages of that.“Tesla has yet to prove remarkable profitability. And it doesn’t exactly operate in a sector that has remarkable profitability. I understand why it has the valuation it has today -- breaking through on EVs and making them a mass market concept is worth this valuation. However, getting a triple out of it, requires, that you then show that that business model is profitable,” Colas added.High ValueCitigroup and Wedbush see potential for Apple to hit the $3 trillion target, an increase of about $1 trillion from its current market capitalization. Apple is already the most valuable stock in the world.Apple is down 7% this year and Tesla has slipped about 5%, pushing it further away from the recent bull calls. Analysts covering Apple expect the stock to rally about 23% this year on average, with 32 of them posting buy ratings, 10 with holds and three suggest selling the shares. Those that report on Tesla forecast a further 5.3% decline, with 15 of them having buy recommendations, 14 with holds and 12 with sell ratings. Both stocks make up a total of more than 7% of the S&P 500 Index.Part of the decline for these high-flyers is a general rotation by investors out of growth and momentum stocks and into the value trade this year as optimism about economic growth and concern about inflation fueled a selloff in bonds. The Nasdaq 100 Index, where both these stocks are listed, has wiped out this year’s gains twice within a matter of two weeks. The index is now up 1.5% for 2021. “It’s hard to discount anything right with the amount of money printing that’s going on. I think it all comes back to just how much money is in the system. As long as money keeps being printed at the rate that it has been, then it’s going to be put into risk assets in the equity market,” Taylor said.(Updates share price moves throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago
Bloomberg
New Zealand Takes Aim at Speculators to Prevent Housing Bubble
(Bloomberg) -- New Zealand’s government took aim at property speculators with a suite of new measures to tackle runaway house prices and prevent the formation of a “dangerous” bubble.The government will remove tax incentives for investors to make speculation less lucrative and unlock more land to increase housing supply, Prime Minister Jacinda Ardern said Tuesday in Wellington. The moves come as surging house prices keep first-time buyers and people on lower incomes out of the market, raising concerns about growing societal inequality.“The last thing home owners need right now is a dangerous housing bubble, but a number of indicators point towards that risk,” Ardern told a news conference. “Property investors are now the biggest share of buyers, with the highest amount of purchases on record. Last year, 15,000 people bought homes who already owned five or more.”New Zealand’s success in battling Covid-19 has seen its economy recover sooner than many others, putting it at the forefront of a global property boom as ultra-loose monetary policies encourage investment in higher-yielding assets. House prices surged 21.5% in the year through February and investors accounted for more than 40% of purchases that month, a record high.To dissuade speculation, the government will phase out the ability of investors to claim mortgage interest as a tax-deductible expense. It will extend of the period in which profits on the sale of investment property are taxed to 10 years from five.‘Chilling Effect’The changes “will significantly reduce the financial incentives to invest in housing” and have “a chilling effect on investor demand,” said Satish Ranchhod, senior economist at Westpac Banking Corp. in Auckland. “Today’s announcements indicate significant downside risk for house prices and economic activity more generally.”The New Zealand dollar fell on the news and bought 71.20 U.S. cents at 1.26 p.m. in Wellington, down from 71.70 cents beforehand. Swap rates and bond yields also declined as traders speculated the central bank will be able to keep interest rates at a record low for longer.The package is the latest salvo in Ardern’s assault on the booming property market, which is undermining her efforts to reduce inequality. Prices are soaring at double-digit rates around the country, taking the national median to NZ$780,000 ($556,000). In Auckland, the median price has reached NZ$1.1 million, making it the fourth least affordable city in the world, according to Demographia. Last month, Finance Minister Grant Robertson announced changes that he said will require the Reserve Bank to pay more attention to the property market when setting monetary and financial policy. He also asked the RBNZ to consider restrictions on interest-only mortgages and the introduction of debt-to-income ratios for investors. The bank is due to report back in May.Robertson said today that New Zealand’s housing market has become the least affordable in the OECD and it was “essential the government takes steps to curb rampant speculation.”Bright LineHe said extending to 10 years the so-called “bright-line” test -- effectively a capital gains tax on investment property sales -- and removing interest deductibility for investors “will dampen speculative demand and tilt the balance towards first home buyers.”The new bright-line test will apply to properties bought from March 27. The time horizon for new builds will remain at five years to encourage supply.From Oct. 1, investors won’t be able to deduct mortgage interest as an expense on properties acquired from March 27. For existing property owners, mortgage interest deductibility will be phased out over the coming four years so that it can’t be claimed at all by the 2025-26 tax year. New builds are expected to be exempted from this change.The government is trying to curb housing demand while also increasing supply, which has been constrained by a raft of factors including planning rules and high construction costs. It said today it will establish a NZ$3.8 billion fund to unlock more land for housing development, and also make first home grants available to more people.“The housing crisis is a problem decades in the making that will take time to turn around, but these measures will make a difference,” Ardern said. “There is no silver bullet, but combined all of these measures will start to make a difference.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago
Reuters
TREASURIES-Yields near one-year highs, auctions in view
Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital.
1d ago
Bloomberg
U.K.’s Sunak Declares Global Deal on Corporate Taxation Is Within Reach
(Bloomberg) -- An international deal to agree new rules on corporate taxation is within reach, U.K. Chancellor of the Exchequer Rishi Sunak said, offering the prospect of fresh clarity for businesses operating digitally across borders.“Digitalization has brought enormous benefits to consumers and businesses, but it’s also highlighted that the current international tax framework just isn’t fit for purpose,” Sunak told a Bloomberg event on Tuesday alongside his Italian counterpart, Daniele Franco, as he detailed his ambition for a ground-breaking accord. “That solution is within our grasp and I think that is positive.”With the U.K. and Italy hosting the Group of Seven and Group of 20 respectively, such comments show the renewed vigor being injected into those forums on the matter in the wake of the coronavirus crisis.An accord could bring a more comprehensive and even approach to global taxation in the post-Covid 19 era after years of frustration by governments struggling to reap revenue from large businesses able to transcend national borders. Aside from the public-finance imperative created by the crisis amid ballooning national debts, the change of presidency in the U.S. offers an opportunity to reach agreement.“The new U.S. administration has a different approach and is very much cooperative,” Franco, Italy’s finance minister, told the online audience numbering as many as 1,000 people. He added that countries are working to a deadline of the middle of the year to find a solution, and that there’s “broad consensus” among the G-20.Until now, the U.K. and other advanced economies have been thrashing out how to tax global companies such as Facebook Inc. and Alphabet Inc.’s Google through talks hosted by the Organization for Economic Co-operation and Development. In the absence of a deal, Britain and other countries have imposed their own digital taxes, leading to a patchwork of approaches.Digital TaxesThe U.K. introduced a 2% tax on the revenues of search engines, social media services and online marketplaces which tap British consumers, while Italy has imposed a 3% digital tax on companies with overall revenues above 750 million euros ($894 million) and revenues from digital services in Italy above 5.5 million euros. Other countries bringing with their own domestic regimes include Austria and France.“It’s in everyone’s interest from a corporate perspective to have a multilateral solution,” said Sunak. “What it will do is provide consistency and certainty, rather than what the current situation is, where you’ve got lots of bespoke regimes that individual countries are having to implement because we can’t find a multilateral solution.”The U.K. chancellor said that current rules have their origins in 1920s tax treaties, adding: “we’ve come a long way since then, and those tax treaties weren’t really designed for the digital economy that we increasingly find ourselves operating in.”This is the first time the two ministers have spoken publicly together about their priorities as the respective leads of the G-7 and G-20 finance tracks. Their dialog followed introductory address by Michael Bloomberg, the founder and majority owner of Bloomberg News parent company Bloomberg LP.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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Coin Rivet
Latest Litecoin price and analysis (LTC to USD)
Litecoin is currently trading just below the psychological level of resistance at $200 after bouncing from overnight lows of $190.
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Why are Goldman’s junior bankers still complaining about long hours?
Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. But changing cultural norms is hard work.
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$1.6 Trillion Gone: Nasdaq Stock Implosion Gets Ugly
Stocks in the Nasdaq 100, including technology giant Apple, consumer discretionary Tesla and Amazon, dropped roughly $1.6 trillion in value since the index's closing high this year on Feb.12. Worries about heating-up inflation are stoking a rally in 10-year Treasury yields.
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Bloomberg
Amazon to Sell Deliveroo Stake of Up to $148 Million in IPO
(Bloomberg) -- Amazon.com Inc. could raise as much as 107 million pounds ($148 million) by selling some of its stake in Deliveroo Holdings Plc in the food-delivery startup’s London initial public offering.Amazon will own 11.5% of Deliveroo following its listing, down from the 15.8% it holds now, according to the prospectus for the sale. That implies the retailer could sell as many as 23.3 million shares, which at 4.60 pounds each -- the top end of the range at which Deliveroo is marketing the stock -- would be worth 107 million pounds, according to Bloomberg calculations.London-based Deliveroo started taking investor orders on Monday in the sale of as much as 1.77 billion pounds of stock. The company is looking to raise 1 billion pounds from the IPO, with the rest of the proceeds going to Amazon and other early investors.“Deliveroo asked existing shareholders to sell a small proportion of their shareholding in order to support the IPO, as is common,” a spokeswoman for the company said in an email. “Deliveroo is proud that our large investors continue to support the company and our long-term vision.”Index Ventures, DST, Greenoak, Bridgepoint, Accel, are among the other investors selling down stakes in the IPO. Major U.S. fund companies Fidelity Investments and T. Rowe Price Group Inc. aren’t offering any shares in the offering, according to the prospectus.“We congratulate Deliveroo on their IPO and can confirm that on completion of the IPO, Amazon will still own a large proportion of our pre-IPO minority stake,” a spokeswoman for Amazon said in an email.Deliveroo Chief Executive Officer Will Shu plans to sell 6.7 million shares, a sliver of his existing holdings, valued at 30.8 million pounds at the top end of the price range.Shu will hold 6.3% of the company post listing, though the stake will carry 57.5% of Deliveroo’s voting rights because he will be the sole owner of Class B shares, which carry 20 votes each, versus one vote each for Class A stock. On the third anniversary of the IPO, the Class B stock will automatically convert into Class A. Deliveroo is giving Shu voting control for three years to provide him with the stability to execute long-term plans, the company has said.Such dual-class structures, which are common in the U.S. and let founders keep control even after an IPO, are the subject of debate in London at the moment. A U.K. government-backed report this month recommended allowing companies to use such a setup on the premium segment of the London Stock Exchange, where they’re currently not permitted.Because of that prohibition, Deliveroo is listing on the LSE’s standard segment, making it ineligible for indexes such as FTSE 100 despite its expected market capitalization of as much as 8.8 billion pounds.Embracing two classes of shares would help the LSE attract more fast-growing technology companies, many of which choose to list in the U.S. Corporate governance experts frown on the structure, saying it can weaken protections for minority shareholders.(Updates to add Deliveroo statement in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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GameStop Q4 Earnings Not To Be As Impressive As The Increase In Shares
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Pensions Giant Says Treasury Yields at 3% Will Change Everything
(Bloomberg) -- If there’s one core view at the heart of the investment strategy at Australia’s biggest pension fund, it’s that yields still have a long way to rise.The exodus from Treasuries will continue until 10-year yields top out at 3% or so, which would be high enough to imperil economic growth and force the Federal Reserve to respond, according to Carl Astorri, head of asset allocation at AustralianSuper Pty., which manages A$210 billion ($161 billion). He has been further trimming government bonds and shifting equities toward so-called value stocks.“Bond yields rise until they break something, until they cause pain for borrowers,” he said. “At the moment, we’re assuming that we’re entering, at the very least, a standard expansion phase of the cycle and quite possibly a kind of overheat or a boom.”Yields on 10-year Treasuries surged more than 100 basis points in six months to hit 1.75% in the current rout, a level last seen more than a year ago, on fears a stronger recovery could fuel inflation and a pullback in central bank support. With governments around the globe still adding to trillions of dollars of stimulus to ride out the pandemic, one of the biggest questions for markets is when do yields climb to levels too tempting for investors to resist switching back toward bonds.Astorri, who worked at the Bank of England early in his career before joining the financial-services industry, reckons another 100 basis points or so may be needed before that tipping point is reached.He shifted AustralianSuper’s bond portfolio to an underweight position in late 2020, almost a year after he had boosted his holdings in a successful bet that the Reserve Bank of Australia would cut rates and buy bonds. The fund sold more bonds earlier this year, and they won’t look attractive again until 10-year Treasuries are above 2.5%, he said.Until then, the fund’s A$120 billion strong equities portfolio has been shifted toward value plays such as banks which are seen benefiting from reopening economies and booming housing markets. Astorri is riding the global rotation out of frothy tech names like Netflix Inc. that had surged as economies shuttered to control the pandemic.“It’s not the sweet spot of the cycle for equities, that’s earlier on and we’ve gone through that,” he said. “They can make further but volatile progress through earnings delivery.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
15h ago
Yahoo Finance
Stock market news live updates: Stocks dip as traders eye Powell, Yellen testimony
Traders closely monitored remarks from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen
4h ago
Reuters
WeWork discloses $3.2 billion loss in 2020 as it seeks SPAC deal - source
(Reuters) -WeWork lost $3.2 billion last year, the office-sharing startup disclosed in a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a stock market listing, a person familiar with the matter told Reuters. The company's losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company (SPAC), according to a person directly briefed on the presentation that was sent out to existing and potential new investors. A SPAC is a shell company that raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger.
1d ago
Bloomberg
Canada’s Billionaire Westons Reshuffle Empire, Tighten Control
(Bloomberg) -- Canada’s billionaire Weston family is shaking up its empire, selling a historic bakery division it failed to scale up and bringing heir Galen G. Weston back at the helm of the country’s largest grocery chain.George Weston Ltd. is selling Weston Foods, cutting off a business that’d been in the family since the 1880s to focus on its supermarket and drugstore chains at Loblaw Cos., as well as its vast real estate holdings. A separate statement named Weston, Loblaw’s executive chairman, as chairman and president of the grocery chain when President Sarah Davis retires on May 6.“The sale of Weston Foods will allow me to dedicate renewed time and energy at Loblaw as we increase our momentum in both our bricks-and-mortar network, and our leadership in digital and data,” Weston, who’s also chairman and chief executive officer of George Weston, said Tuesday in the statement.The reshuffle cements his power by returning him to the dual role he previously held at Loblaw while bringing along two seasoned executives in the process. That follows another significant power gain that got little notice when announced on Christmas Eve, when he succeeded his father W. Galen Weston as the controlling shareholder of Wittington Investments Ltd., the closely held company that controls George Weston.The elder Weston’s wealth is estimated at about $10 billion, according to the Bloomberg Billionaires Index. The younger Weston had previously described his father’s health as “not good” in a blog post last year. That post also announced the end of a temporary pandemic pay bump to employees at its supermarkets and pharmacies -- a move that triggered immediate backlash.Shares of Toronto-based George Weston surged 5.3% to C$107.86 at 2:31 p.m. trading in Toronto, its biggest jump since April. Loblaw shares also rose 3.5% to C$69.32, its highest since October. Loblaw’s stock has lagged Canada’s S&P/TSX consumer staples index in the past year, despite a revenue jump during the pandemic.George Weston’s most valuable asset is its 54% stake in Loblaw. It also owns 17% of Choice Properties REIT, the country’s biggest real estate trust by market value, which owns retail properties and residential developments.Loblaw’s management changes see former Metro Inc. executive Robert Sawyer joining as chief operating officer and Chief Financial Officer Darren Myers departing, with his role taken on by George Weston’s President and CFO Richard Dufresne.The changes “signal what is likely to be a heightened focus on operational efficiency and productivity, which has been somewhat lacking,” RBC Capital Markets analyst Irene Nattel said in a note to investors.Unlocking PotentialGeorge Weston hired Canadian Imperial Bank of Commerce and Houlihan Lokey Inc. to sell Weston Foods, which makes bread, doughnuts and other baked goods under a variety of brands including Wonder Bread. Proceeds will likely be returned to shareholders through stock buybacks over time, according to the company statement.George Weston had sought ways to make the food division larger and was said last July to be exploring an acquisition of ailing Swiss baking company Aryzta AG.“We spent last year exploring opportunities to create a step change in Weston Foods’ scale that would allow it to become a truly meaningful part of GWL value,” Weston said Tuesday on a conference call with analysts. “But in the end we did not find the right opportunity. Instead, it’s now clear that pursuing a sale represents the best way to unlock Weston Foods’ potential.”Weston Foods had revenue of C$2.1 billion ($1.7 billion) last year, the company said. It contributes about 4% of George Weston’s revenue, a Scotia Capital analyst estimated in December. Adjusted earnings before interest, taxes, depreciation and amortization were C$200 million last year.“It really hasn’t been growing and is not a overwhelming strategic fit,” said Chris Kerlow, a portfolio manager at Richardson Wealth in Toronto who owns George Weston and Loblaw shares on behalf of clients. “Narrowing their focus and adding cash to balance sheet improves my outlook.”(Adds analyst comment, details on management shuffle and stock performance.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
6h ago
Reuters
GameStop loses second senior exec as shakeup deepens
This is the second executive departure at GameStop since it tapped Cohen to spearhead a transition to e-commerce for the mall-based retailer. Hopes that shift could revive results helped fueled a massive rally in GameStop's shares in January although the social-media propelled surge is widely seen as having become unhinged from fundamentals. Hamlin, who had previously served as the company's chief marketing officer, had been in his current position since June 2019.
13h ago
Reuters
Analysis: Electric shock - German auto stocks get a new lease of life
Volkswagen and BMW's plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares. A deadline set by many countries to go carbon-free by 2050 has led to rising adoption of zero-emission vehicles and Tesla has been at the forefront of this transformation, selling long-range battery electric vehicles (BEVs). Despite a recent pullback, its stock has soared 650% in the last year, helped also by a cult following for CEO Elon Musk.
2d ago
Bloomberg
Power Pacific CIO on Baidu Autonomous Technology, Chips
Mar.23 -- Jun Li, chief investment officer at Power Pacific, discusses the weak sentiment in China’s A-share market, Baidu’s push into autonomous vehicles and their investment into chip technology. She speaks on “Bloomberg Markets: China Open.”
20h ago

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Global Vein Illumination Technologies Market 2020-2027: Vein Finders Present Effective Solution for Medical Staff to Master Phlebotomy

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