Mercedes-Benz announced that it was pulling out of Russia and would sell all of its shares in its local subsidiaries to a little known Russian investor. The German automaker is the latest foreign car manufacturer to abandon the Russian market, after it suspended its local operations in early March, after the invasion of Ukraine. It was…
Mercedes-Benz to Sell Shares in Russian Subsidiaries to Local Investor, as Foreign Automakers Pull Out
Hyundai to Build $5.5 Billion US Electric Vehicle Plant, as New Tax Law Dims Sales Outlook
South Korean automaker Hyundai Motor publicly broke ground at an opening ceremony for a $5.54 billion electric vehicle (EV) and battery plant in Georgia. The new plant in Bryan County, which is 30 miles west of Savannah, is the biggest economic development project in Georgia’s history, after a series of new EV and battery project…
Family Finances: The Strong Dollar’s Pros and Cons
By Sandra Block From Kiplinger’s Personal Finance If you treat yourself to a trip to Paris for the holidays, you’ll pay less to toast the New Year than you would have last year. The dollar is the strongest it has been in decades against the euro, British pound and Japanese yen. Many emerging-markets currencies have plummeted…
Adidas Cuts Partnership With Kanye West Over His Comments on Social Media
Adidas announced the termination of its partnership with Ye, formerly known as Kanye West, over the rapper’s comments on social media. Ye (his legal name), one of the most famous and successful black American entrepreneurs in history, has an estimated net worth of $2 billion. The controversial artist and fashion designer has made a series of…
What Will Silver Be Worth in 10 Years?
Anyone interested in investing has probably considered trading precious metals at some point. Gold is the traditional choice for precious metal trading, but buyers and sellers have had a lot of success trading silver. Like gold, the price of silver has an excellent track record throughout history, and silver can serve the same function as…
Strong US Dollar Will Rev up Global Mergers and Acquisitions
Commentary Relative strength of the U.S. dollar is expected to continue, propelled by the Federal Reserve’s determination to combat inflation by tightening monetary policy. The dollar’s strength has been a headache for U.S. multinational corporations, whose revenues earned in other countries are worth less in dollar terms after currency translation. U.S. companies report earnings in…
[Premiering 7 PM ET] Inflation Crisis Clears Way for Digital Currency: Francis Hunt
Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
PREMIERING NOW: Inflation Crisis Clears Way for Central Bank Digital Currency: Francis Hunt
Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
Inflation Crisis Clears Way for Central Bank Digital Currency: Francis Hunt
Francis Hunt is a chartered market analyst with over 30 years of successful trading experience. He is an expert on global markets. Hunt sees major trouble ahead as inflation destroys the value of government bonds. He says we’re already seeing this play out in Britain and Japan, and that it’s only a matter of time…
How Top Investors Make Money During Recession
Wall Street is almost certain that the U.S. economy will slip into another recession in 2023. But market analysts have different opinions on what the financial markets will look like over the next 12 months. Goldman Sachs slashed its target for the benchmark S&P 500 Index, to 3,600, projecting another 4 percent drop ahead. The…
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