Tesla stock is inflated and could lose more than half of its value, according to Citi analyst Itay Michaeli. In a note to clients, Michaeli reiterated a sell rating on Tesla’s stock on with a $424 price target. Tesla stock traded around at $923 per share on Wednesday. The basis for Michaeli’s bold call involves… Continue reading Analyst: Tesla stock is far overvalued and could plunge more than 50%
Author: Yarhow_Finance Online News
How Bad Would a Taiwan Conflict Be for the Economy? Here’s a Glimpse.
Associated Press US, Indonesia hold joint military drills amid China concerns The United States and Indonesian militaries began annual joint combat exercises Wednesday on Indonesia’s Sumatra island, joined for the first time by participants from other partner nations, signaling stronger ties amid growing maritime activity by China in the Indo-Pacific region. More than 5,000 soldiers… Continue reading How Bad Would a Taiwan Conflict Be for the Economy? Here’s a Glimpse.
Pelosi Trip Delays Tesla Supplier CATL’s North America Plant Announcement
Reuters OPEC+ approves tiny oil output rise in rebuff to Biden NUR-SULTAN/LONDON (Reuters) -OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was an insult to U.S. President Joe Biden after his trip to Saudi Arabia to ask the producer group’s leader to pump more to… Continue reading Pelosi Trip Delays Tesla Supplier CATL’s North America Plant Announcement
Pelosi Visit Highlights TSMC and Taiwan’s Global Tech Import
(Bloomberg) — One of Nancy Pelosi’s key meetings on her whirlwind tour of Taiwan reportedly is TSMC, the island’s most valuable company and world’s biggest contract chipmaker. Most Read from Bloomberg The US House Speaker is meeting Taiwan Semiconductor Manufacturing Co. Chairman Mark Liu on Wednesday to discuss Congress’ recently passed Chips and Science Act… Continue reading Pelosi Visit Highlights TSMC and Taiwan’s Global Tech Import
Lear Joins Climate Group’s RE100 Initiative, Committing to 100% Renewable Electricity for its Global Sites by 2030
SOUTHFIELD, Mich., Aug. 3, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has joined Climate Group’s RE100, a global renewable electricity initiative that includes over 370 major companies. Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced it has… Continue reading Lear Joins Climate Group’s RE100 Initiative, Committing to 100% Renewable Electricity for its Global Sites by 2030
Lear Q2 Earnings Top Estimates, Narrows FY22 Outlook
Motley Fool 1 Stock-Split Stock to Buy Now, Despite a Drag From Rivian In 2019, global e-commerce giant Amazon (NASDAQ: AMZN) placed an order to purchase 100,000 electric utility vehicles from Rivian Automotive (NASDAQ: RIVN) to help fulfill its goal to have an entirely green energy-powered delivery fleet by 2030. Along with the order, Amazon… Continue reading Lear Q2 Earnings Top Estimates, Narrows FY22 Outlook
Winning the Race to Net Zero With Karina Rigby, President, Critical Systems, EMEA
Northampton, MA –News Direct– Eaton Karina Rigby, president, Critical Systems, Electrical Sector, EMEA Karina discusses why she chose Eaton for the next step in her career, what other women can learn from the challenges she’s faced, and how Europe can accelerate its push towards a low-carbon future dominated by renewables. A new power paradigm “This… Continue reading Winning the Race to Net Zero With Karina Rigby, President, Critical Systems, EMEA
Former Sherwin-Williams CEO Christopher Connor retiring from Eaton’s board
Reuters Siemens supervisory board employee reps against further splitting-up Siemens’ new supervisory board is committed to doing away with the portfolio policy of the past, said influential employee representatives on the board, who added that they were opposed to further splitting up the German industrial group. Siemens AG, Siemens Mobility, and the majority stake in… Continue reading Former Sherwin-Williams CEO Christopher Connor retiring from Eaton’s board
Christopher M. Connor to retire from Eaton’s Board of Directors; Gregory R. Page appointed to succeed as lead director
DUBLIN, August 02, 2022–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced that Christopher M. Connor will retire from the company’s Board of Directors effective August 31, 2022. Connor has been a director since 2006 and currently serves as Eaton’s lead director. Connor is the retired chairman and chief executive officer of The Sherwin-Williams Company, a… Continue reading Christopher M. Connor to retire from Eaton’s Board of Directors; Gregory R. Page appointed to succeed as lead director
Dana (DAN) Q2 Earnings Lag Estimates
Dana (DAN) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -61.90%. A quarter ago, it was expected that this… Continue reading Dana (DAN) Q2 Earnings Lag Estimates