Bloomberg Hedge Funds Make Biggest Short Bet on Junk Bonds Since 2008 (Bloomberg) — Hedge funds have accumulated the biggest short position on junk bonds since 2008 in another sign that investors are lining up to bet against frothy debt markets.About $55 billion of global high-yield bonds has been sold short, according to data from… Continue reading Adient plc (ADNT) Q2 2021 Earnings Call Transcript
Author: Yarhow_Finance Online News
BorgWarner Inc (BWA) Q1 2021 Earnings Call Transcript
Bloomberg Actress-Turned-Mogul Alba Makes $122 Million in Honest IPO (Bloomberg) — Actress Jessica Alba cemented her claim to one of the most lucrative side gigs in Hollywood after shares of her beauty business, the Honest Co., soared 44% in its market debut.The “clean” beauty- and baby-products maker’s stock closed at $23 Wednesday after it priced… Continue reading BorgWarner Inc (BWA) Q1 2021 Earnings Call Transcript
Adient reports solid second quarter 2021 financial results despite a turbulent production environment
Transformational change to the company’s capital structure underway, underpinned by accelerated debt repayment PLYMOUTH, Mich., May 6, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter 2021 financial results. (PRNewsfoto/Adient) Q2 GAAP net income and EPS diluted of $69M and $0.72 respectively; Q2 Adj.-EPS diluted of $1.15 Q2… Continue reading Adient reports solid second quarter 2021 financial results despite a turbulent production environment
Ballard and Linamar Partner on Development of Fuel-Cell Powered Light-Duty Vehicles
Bloomberg Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs (Bloomberg) — The booming ETF industry may be set to lure even more cash in the coming years as rich Americans facing higher capital gains taxes look to limit what they owe Uncle Sam.President Joe Biden’s plan to double the rate those making more… Continue reading Ballard and Linamar Partner on Development of Fuel-Cell Powered Light-Duty Vehicles
Goodyear Reports First Quarter 2021 Results
First quarter Goodyear net income of $12 million; adjusted net income of $102 million First quarter segment operating income of $226 million, strongest first quarter since 2018 Global consumer replacement volume significantly exceeded industry, driven by large-rim diameter segment — Record first quarter consumer replacement volume in Asia Pacific Americas, EMEA consumer OE volumes outpaced… Continue reading Goodyear Reports First Quarter 2021 Results
Autoliv Inc (ALV) Q1 2021 Earnings Call Transcript
Bloomberg Turkish Crypto Exchange Goes Bust as Founder Flees Country (Bloomberg) — One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder, who fled the country.Confusion reigned about how many… Continue reading Autoliv Inc (ALV) Q1 2021 Earnings Call Transcript
Dana Expands Production of All-Wheel-Drive Axle Systems to Support Additional Ford, Lincoln Vehicle Programs in China
SHANGHAI, April 19, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that the company is now supporting an expanded roster of Ford Motor Company all-wheel-drive vehicle programs from its state-of-the-art manufacturing facility in Chongqing, China. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Dana recently began producing its award-winning Spicer AdvanTEK Ultra™ axles with Spicer SmartConnect™ disconnecting… Continue reading Dana Expands Production of All-Wheel-Drive Axle Systems to Support Additional Ford, Lincoln Vehicle Programs in China
Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions
TipRanks 2 “Strong Buy” Penny Stocks That Could See 100% Gains (Or More) In a recent review of the market’s current conditions, JPMorgan strategist Eduardo Lecubarri recaps his view that 2021 will see modest gains across stocks generally – but outperformance among the small/mid-cap sector. Lecubarri believes that investors can find opportunities for big upside… Continue reading Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions
Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages
Bloomberg Foxconn’s Profit Misses Estimates as Pivot to Cars Accelerates (Bloomberg) — Hon Hai Precision Industry Co. warned that component shortages could persist till 2022 and affect under a tenth of its shipments, amplifying concerns that a global chip crunch could extend well beyond this year.The assembler of most of the world’s iPhones follows fellow… Continue reading Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages
Romeo Power Earnings On Tap As EV Battery Demand Soars
Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos… Continue reading Romeo Power Earnings On Tap As EV Battery Demand Soars