Tesla has been one of the greatest cash burners in history. The stock price is based on the assumption that electric motors in cars will soon replace internal combustion engines and that this change will mean huge revenues and profits for Mr Musk. Investors believe that their money should be in stocks that have the potential for future capital gains. There is a problem with this theory, and that is that other car manufacturers can relatively quickly put electric cars on the road.
- US growth is currently above its potential - The United States has seen positive growth since 2010 - Household savings have declined over the past two years. Strength of growth will depend on households’ consumption-to-savings ratio - Trumponomics is not dead against the background of hurricane impact
Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing sources with knowledge of the effort, the Wall Street Journal reported yesterday that Goldman is in the early stages of creating a trading operation specifically geared toward cryptocurrencies. At the same time, it's not clear at this time if the investment bank will go ahead with the plan.
UBS France's new 4.5 billion euros wealth management division, La Maison de Gestion, is looking at hiring new staff to grow the business, the company said on Tuesday. The Swiss bank's La Maison de Gestion arm was formed from a deal struck in December last year when UBS France agreed to buy the local private banking business of Italy's Banca Leonardo. The new division was formally launched on Tuesday. With the transaction in France, UBS thus has acquired the access to the circle of super rich individuals and families.
OpenFunds launches its new App in the Apple and Google stores. The OpenFunds App is a very user-friendly tool, on mobile access. You can find all the information regarding the funds such as legal documents, monthly factsheets with performance updates, publications, newsletters, events, live surveys and an overview of the fund managers’ meetings. All this ready to be downloaded, printed or shared directly with your mobile device.
Verizon Communications, which acquired Yahoo this year, said on Tuesday that a previously disclosed attack that had occurred in 2013 affected all three billion of Yahoo’s user accounts, as the Wall Street Journal is reporting. Last year, Yahoo said the 2013 attack on its network had affected one billion accounts. Three months before that, the company also disclosed a separate attack, which had occurred in 2014, that had affected 500 million accounts.
Tesla's third quarter Model 3 delivery miss is further evidence the electric car maker will have difficulties ramping up manufacturing for the vehicle, according to a top Wall Street firm. The company has fallen behind on its delivery aim of 1600 all-new Model 3’s according to its delivery and production figures for the Q3 2017 period.
EU taxpayers should not be made to pay for the U.K.’s decision to leave the bloc, European Commission President Jean-Claude Juncker told the European Parliament on Tuesday, adding that there had not yet been “sufficient progress” in the negotiations. In a short speech to open the Parliament’s plenary debate on Brexit in Strasbourg, Juncker emphasized his intention to stick to the bloc’s hard lines on key divorce issues. “The taxpayers of the EU27 should not pay for the British decision,” he told MEPs.
The Swiss financial regulatory board, Financial Market Supervisory Authority (FINMA), has increased its investigations into ICOs in Switzerland, according to a press release last week. The move comes after a substantial uptick in the number of ICOs based in the country, according to the document. After noticing a marked increase in the number of initial coin offerings (ICOs) made in the country, Switzerland’s Financial Market Supervisory Authority (FINMA) has decided to take a closer look at this new, cryptocurrency-powered fundraising method.
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor
Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor
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