Credit Suisse initiates Tesla coverage, sees 15% downside amid competition
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating.
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating.
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.
Swiss bank Credit Suisse said on Tuesday it has combined its open-architecture business-to-business investment fund platform - Credit Suisse InvestLab - with Spain-based funds solutions provider Allfunds Group.
Australia's Domino's Pizza Enterprises was hit on Tuesday by a class-action lawsuit over employee underpayment which the fast-food chain said it would defend itself against, but its shares fell more than 6% to a four-year low.
Asian shares were haunted by trade anxiety Tuesday while the risk of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, propelling gold to fresh six-year peaks.
Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com.
Spain's Allfunds Group is buying Credit Suisse's business-to-business investment fund platform InvestLab for an undisclosed sum as the investment services industry consolidates to reap the benefits of scale.
Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
BMW's new hybrid cars will automatically switch off their combustion engines in heavily polluted inner city areas and use pure electric driving mode as a way to cut vehicle emissions, the carmaker said on Tuesday.
European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbor currencies like the yen and Swiss franc.
Oil prices hung in the balance on Tuesday as concerns over declining crude demand were offset by risks to supply linked to new U.S. sanctions on Iran.
A senior member of the Swiss National Bank said he was open-minded about Facebook's cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative.
AbbVie Inc said on Tuesday it would acquire Botox-maker Allergan Plc in a cash-and-stock deal for about $63 billion.
Oil prices inched lower on Tuesday, weighed down by concerns over declining crude demand and a Saudi pledge to offset any shortfall from countries hit by sanctions, as the market shrugged off risks to supply linked to tensions around Iran.