Jim Farley: Ford’s ‘car guy’ faces existential threat from tech giants

Jim Farley: Ford’s ‘car guy’ faces existential threat from tech giants

Jim Farley is a “car guy”. That is how Ford’s executive chairman Bill Ford described the man who was this week named as new chief executive of the US car giant. Mr Farley will need all his knowledge and love of cars to turn round the Detroit auto manufacturer, which struggled with flagging profitability, a falling share price and high debt during Jim Hackett’s three-year reign. This time, the carmaker has chosen an insider, who owns and races vintage cars, for the top job after alternating between company veterans and industry outsiders for the past decade. The grandson of … Read More
Major banks say to buy Nikola on the dip, citing confusion over the quarterly results

Major banks say to buy Nikola on the dip, citing confusion over the quarterly results

Nikola Motor Company Badger pickup truck Source: Nikola Motor Company (This story is for CNBC PRO subscribers only.) Investors are selling shares of Nikola following the company’s first quarterly report as a public company, but major Wall Street firms think the stock is still a buy, and that the sell-off offers an attractive entry point. The stock fell more than 15{6b17707e448e34f54d6d1a9e433426abf2addbba8938cba1c35a09fc0ada7803} during early trading on Wednesday.  “There are catalysts immediately ahead, and we therefore recommend accumulating shares in NKLA,” said JPMorgan, while Deutsche Bank said the the stock continues to offer a “favorable near term set up.”  Source link … Read More
Markets

Markets

The monetary sector gives six main capabilities which might be important each on the agency stage and on the degree of the economic system as a whole. Benefit to Government: The presence of those providers enables the federal government to boost each brief-term and long-term funds to satisfy each income and capital expenditure. By means of the money market, government raises brief term funds by the difficulty of Treasury Bills. These are bought by business banks from out of their depositors’ cash. On the other hand, unsecured type of the loans might be obtained without pledging any collateral. This mortgage... Read More
Banking Sector And Its Affect On Bangladesh’s Economy

Banking Sector And Its Affect On Bangladesh’s Economy

Based in 1913, the Federal Reserve System (FED) is the central financial institution of the United States. New Zealand has a comparatively extremely concentrated banking system, even in contrast with these countries with massive banking systems. The big four Australian-owned banks command a larger function within the New Zealand financial system, compared to their parents in Australia. As part of the monetary reforms drive, the Reserve Financial institution Act (22:15) was enacted in September 1999. I recommend that off stability sheet banking allowed the crap loans and the CDO fraud. The basis explanation for crap loans and CDO fraud was... Read More