What’s the point of Keir Starmer’s massive electoral majority if he remains hesitant to do something for young people on Brexit that’s not just compassionate and sensible, but also very popular?
Modern cars are equipped with heaps of electronic devices, many of which are designed to reduce the frequency and severity of accidents. But there’s a catch: The high cost of repairing these systems may mean the vehicle is written-off, or totaled, following a crash.
Graham Ambrose has never felt stronger. He can barbell back squat 145kg (320 lbs) for four sets of six repetitions and bench-press more than 100kg for a single rep. His friends and colleagues notice that his clothes fit tighter and he’s fond of posting mirror selfies on Instagram.
Back when the electric vehicles revolution appeared unshakable and Tesla Inc. was valued at more than $1 trillion, few of us gave much thought to hybrids. But amid consumer wariness about EVs’ driving range and insufficient public recharging infrastructure, vehicles that combine a combustion engine and electric motor are back in fashion, at least for now.
Fisker Inc.’s warning that it may run out of cash within 12 months absent fresh equity or debt raises a new and worrying question for car owners: What happens if the maker of your electric vehicle goes bust?
When Porsche AG sold shares last year, the German sportscar maker hoped to follow in the gilded footsteps of Ferrari NV and achieve a valuation more in line with a luxury goods company rather than a metal-bashing automaker.
The $1.6 trillion private credit market is enjoying a “golden moment,” in the words of one Blackstone Inc. executive, as banks retreat from risky lending and investors flock to funds offering double-digit returns on corporate loans.
BMW AG Chief Executive Officer Oliver Zipse was incredulous when asked this month whether the German premium carmaker would respond to a brutal price war in electric vehicles by cutting production.
Private equity firms that spent hundreds of billions of dollars on acquisitions at the top of the market risk a nasty hangover.
Few companies have felt the shock from soaring interest rates as much as those owned by private equity. But thanks to surprisingly resilient earnings and their deep-pocketed owners’ talent for financial engineering most are avoiding disaster.
Until recently, I thought rising interest rates were — on balance — bad for businesses. In fact, many big companies are benefiting from the fastest rate-hiking cycle in decades, at least in purely financial terms.
European banks are rightly being criticized for failing to pass on interest-rate increases to customers. But is it any wonder they’re so unafraid of losing business? Compared to their US counterparts, European financial institutions often face less competition from alternative cash-like investments.
Wall Street is growing more confident that there won’t be a recession. But one thing that stood out for me from otherwise decent-second quarter earnings is the number of executives claiming their industries are already in recession.
Business bankruptcies are surging around the world, in some countries reaching volumes not seen since the aftermath of the 2008 financial crisis.
Last week, German specialty chemical maker Lanxess AG warned recent declines in sales volumes were more severe than during the 2008/2009 recession. To bludgeon home his point, Chief Executive Officer Matthias Zachert added: “This feels like Lehman II.” Gulp.
Modern cars are marvelous, except when they need fixing — in which case the bill for even a seemingly minor dent can easily reach four or even five figures. Consumers and fleet owners are being stuck with huge repair bills while auto insurers are hiking premiums.
Investors have bid farewell to FOMO and are bracing for even more impact after a year in which profitless tech firms, special purpose acquisition companies and anything crypto-related went into a tailspin.
Banker Bob Diamond was forced to pull the ripcord this week on his attempt to take stablecoin issuer Circle Internet Financial public via a special purpose acquisition company.
You might think a stock price is just a number, but it has symbolic and practical importance, especially in the US.
If you’re itching for a dream vacation this summer after two years of travel restrictions, then you might end up paying more to rent a car than you spend on a plane ticket.
For years, Mercedes-Benz Group AG’s profits failed to match the desirability of its luxury vehicles. Now, semiconductor shortages have given it the perfect cover to hike prices and prioritize production of its most expensive high-performance models.
Manufacturers like Vestas Wind Systems A/S have been blown off course by a perfect storm of transport snarl-ups and surging freight and raw material costs. Instead of raking in profits on soaring demand for clean energy, the Danish firm is struggling just to break even.
A direct financial handout to “Gen C” (the covid generation) for their pandemic woes would set age above other societal inequities that Covid amplified.
The year 2021 will be remembered as one in which markets tumbled down a rabbit hole and entered financial wonderland: A once-elite undertaking became more populist, tribal, anarchic and often downright bizarre.
The bloodbath in the frothiest corners of financial markets may have some venture capitalists wondering if it’s time to walk away.
Last month, Atlas Crest Investment Corp., a blank-check firm created by investment banker Ken Moelis, spectacularly lopped $1 billion off the enterprise value off its $2.7 billion deal with flying taxi company Archer Aviation.
