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U.S. Auto Boom to End Soon says Ford while Rivals Bet Otherwise

The stocks of Ford Motors and those of its rival auto companies tumbled after the US auto maker declared that the U.S. auto industry's long recovery is at an end.   "The growth is over," Ford Chief Financial Officer Robert Shanks told Reuters in an interview. From the record of 17.47 million...

Space in the Operating Room to be Taken Over By New Crop of Robots

Surgical robots are poised for big gains in operating rooms around the world even though many doctors see need for improvement.   With surgeons sitting at computer consoles guiding mechanical arms, one in three U.S. surgeries is expected to be performed with robotic systems within five years...

Potential Brexit Costs being Faced yup by S&P 500 Companies

U.S. companies are broadly conceding that the so-called "Brexit" could weigh on profits as they face investors in their first earnings reporting season since Great Britain voted to leave the European Union.   Though it is too soon to tell how deep it may be or when it will come, a hit is...

Cyber Insurance to Become Like Fire Insurance for Industry in 21st Century, says Allianz

Insurer Allianz is of the view that demand for cyber insurance in Europe would accelerate due to a duty to protect data more stringently and the growing threat of hacking.   The insurer launched its first product aimed at Germany's small-to-medium-sized manufacturers when it made this...

Tesla CEO Musk’s Tweet Hints at Top Secret Masterplan

Following an embattled several weeks for the Silicon Valley heavyweight, part two of his "top secret Tesla masterplan" would soo be published by Tesla Motors Inc CEO Elon Musk who tweeted to this effect on Sunday this week.   Apart from the fact that there are ongoing questions being raised...

Marijuana Legalization Viewed as a Pot of Gold by California Businessmen

Political operative and father of four Daniel Conway has already staked his future on the legalization of recreational marijuana in California even though there is no guarantee that California will vote to legalize it in November.   According to a recent Reuters report, Conway is helping to...

JPMorgan, Citi, HSBC Reportedly Tapped by Saudi Arabia on Dollar Bond

To make arrangements for the first international bond sale, Saudi Arabia appointed JPMorgan Chase & Co., HSBC Holdings Plc and Citigroup Inc., says several media sources quoting people with knowledge of the matter.   According to the people, who asked not to be identified as the...

Despite Brexit Vote Results, Crispin Odey’s Main Hedge Fund Said to Gain 15%

Gaining exclusive information from a private poll conducted ahead of the vote on the U.K.’s referendum on membership of the European Union, hedge-fund manager Crispin Odey gained more than 15 percent in his flagship hedge fund on Friday.   Various market sources in London were quoted in the...

Orlando Shooting Incident Results in Jump in US Firearms Maker’s Shares

Expectations of a spike in firearm sales led to the shares of U.S. firearm makers surging following wide spread and renewed fears of tighter gun control after the deadliest mass shooting in U.S. history in Orlando. While the sale of Sturm Ruger & Co Inc  jumped 10.7 percent, the sale of...

Europe Weighs down Global Stocks Despite being on a High

Weighed down by a weak start to the session in Europe and political concerns that sent Germany's 10-year government bond yield to a record low, world stocks struggled to build on six-week highs after mixed Chinese data.   After two days of gains pushed the pan-European FTSEurofirst 300 index...

Reduce Barrier to Foreign Business, US tells China

Claiming that in recent months, there has been a raise in concerns due to a more complex regulatory environment in China, senior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses.   Following the roll-out of a national security law limiting the use of...

Signaling Signs of Life for Singapore’s Office Market, BlackRock makes a $2.5 Billion Sale

The office real estate market in Singapore has been in recent times gripped by worries about oversupply and rising vacancies. Amidst this the announcement of BlackRock Inc about the sale of a 43-storey Singapore office tower for $2.5 billion - one of at least three office building deals in the last...
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