Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Robin Zeng, the billionaire head of battery giant CATL, expects that half of all new trucks sold in China will be electric-powered by 2028, a forecast that heralds huge disruption for the global market in heavy goods vehicles.In an interview with the Financial Times to mark CATL’s $4.6bn listing in Hong Kong, the largest in the world this year, Zeng said trucks powered by his batteries could cut cost per tonne-kilometre by 35 per cent compared with those fuelled by petrol.Zeng’s claims…
The boss of Wall Street’s biggest bank fears that extreme complacency crept into the market as investors shook off last month’s tariff scare. Wall Street strategists say he might be on to something. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Genetic testing company 23andMe’s bankruptcy filing in March looked like a glum end to a short, troubled life. The stock had crashed from a peak of $320 in 2021 to less than $2 in March. Losses were mounting, and cash was running out fast.But the Chapter 11 process has brought a happy ending, at least for some. An auction of 23andMe’s assets has elicited a $256mn bid from US drugmaker Regeneron Pharmaceuticals. The agreement still needs to be approved by a bankruptcy…
Even this radical rethink would only pay for about 12% of the cost of the tax cuts currently being considered by Donald Trump and congressional Republicans. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Julius Baer has been hit with another large loan loss, worth SFr130mn ($157mn), and said its chief risk officer was “retiring” from the Swiss bank, dealing a fresh blow to the company’s turnaround efforts. The Zurich-based lender and wealth manager disclosed on Tuesday that it had taken a loan loss charge related to its private debt business and “selected positions” in its mortgage book, which follows a SFr606mn writedown last year that triggered a leadership overhaul. It added that Oliver Bartholet, who…
Inflation may ebb and flow, but Warren Buffett’s two lessons for fighting it are timeless. Become so good at what you do that people will pay a premium for your skills.Own stock in businesses that don’t need constant infusions of cash to keep profits growing. Key Takeaways Buffett calls self‑development “the best investment by far” because skills can’t be taxed or “inflated away.”The next‑best hedge is to own stock in companies whose products require little new capital but can raise prices at the rate of inflation or even higher.Firms built on royalty-like models or networks often convert revenue to cash without…
While the quantum-computing company made a new system available, it’s difficult to know when new hardware sales will materialize. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldElon Musk, the US’s largest political donor, has said he intends to spend a “lot less” on political campaigns in the future, in a blow to Donald Trump loyalists ahead of next year’s midterm elections.The world’s richest man, who spent more than a quarter of a billion dollars on Trump’s 2024 presidential campaign, said he thought he had “done enough” donating to political causes.Speaking at the Qatar Economic Forum on Tuesday, Musk said: “I’m going to do a lot less…
Index funds provide efficient and low-cost broad market exposure, which makes them an ideal choice for long-term investment portfolios. Investors frequently look to S&P 500 index funds as well as “total market” index funds as their primary investment choices. The S&P 500 represents a collection of the 500 largest American publicly-traded companies that collectively account for about 80% of the total capitalization of the U.S. stock market. Large-cap companies, like those found in the S&P, usually pose less investment risk when compared to smaller companies. Total market index funds expand their investment scope to include almost every public U.S. company…
Amer Sports’ stock rockets toward a record as sports equipment and apparel maker’s brands are winning in China’s fast-growing premium sports and outdoor market. Source link