November, 2019

• 3 November

  UAW chief takes paid leave as corruption probe deepens

  

  Bloomberg United Auto Workers (UAW) President Gary Jones, who led negotiations that ended an almost six-week strike at General Motors Co was expected to take a leave of absence Sunday amid reports he is involved in a years-long corruption scandal. Those allegations clouded contract talks with US automakers. “I do not want anything to distract from the mission,” Jones said ...

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• 3 November

  Main Street trouncing Wall Street in game of earnings guidance

  

  Bloomberg Stock investors have stopped heeding the increasingly skeptical message of Wall Street earnings forecasters. Maybe everyone should. Pessimism of any type is starting to look like a misjudgment in the stock market of 2019, a year with a shot at becoming one of the best in decades. The S&P 500 has surged for four straight weeks, closing at a ...

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• 3 November

  ‘Bull market’ heats up again as yearly advance hits 22%

  

  Bloomberg It’s old, but it’s not slowing down. A bull market that traces its lineage to the depths of the financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22%. After wavering at mid-year amid a US-China trade war and recession anxieties, American stocks are back in melt-up mode, ending ...

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• 3 November

  Hope for global solar boom fades

  

  Bloomberg Hope for a boom in the global solar industry this year is fading as the top market is expected to miss its installation target. China is likely to fail meeting the new capacity estimates it touted earlier this year, which were as high as 45 gigawatts, according to analysts at Daiwa Capital Markets and BloombergNEF, as well as the ...

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• 3 November

  China’s precarious future

  

  Demography does not dictate any nation’s destiny, but it shapes every nation’s trajectory, so attention must be paid to Nicholas Eberstadt. He knows things that should occasion some American worries, but also knows more important things that should assuage some worries regarding Russia and China. Writing in the July/August issue of Foreign Affairs (“With Great Demographics Comes Great Power”), Eberstadt, ...

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• 3 November

  Winters justifies his pay package

  

  Bill Winters, the target of the biggest shareholder mutiny at a large British bank in five years, is taking the fight back to his detractors. The Standard Chartered Plc chief executive officer looks in no mood to throw in the towel on his promise to achieve a double-digit return on tangible equity by 2021. In a world that’s slipping back ...

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• 3 November

  Billionaire Agnellis make another bet on France

  The automotive M&A carousel is taking another turn, with Peugeot SA and Fiat Chrysler Automobiles NV hopping aboard this time. The two companies confirmed on October 30 that they are in talks about a potential merger that would create a $47 billion auto giant. This comes just a few months after Fiat abandoned talks to merge with Peugeot’s French rival ...

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• 3 November

  A struggling India needs more trade, not less

  India, not long ago the world’s fastest-growing major economy, is struggling. Growth has plummeted to 5% — well below potential and not nearly enough to employ the millions of young Indians entering the workforce every year. Lending has slowed to a trickle, as has consumer demand. Voices across the political spectrum say the last thing the country can afford now ...

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• 3 November

  US and Russia must keep the Open Skies Treaty

  

  The Open Skies Treaty of 1992 isn’t a major arms-control agreement. But the Donald Trump administration’s reported intention to exit it is, in a way, a more troubling sign than its withdrawal from the Intermediate-Range Nuclear Treaty last year. If the US abandons the pact, it and Russia will be blind to each other’s military deployments, giving paranoid generals a ...

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• 3 November

  Sony’s optimism on profits looks pretty pessimistic

  

  Sony Corp. just raised its full-year profit forecasts by single digits. That looks like good news, but it’s not. It’s the lowest mid-year update for the Japanese electronics giant since at least 2016, and there could be more to come throughout the sector. Operating income for the year to March 31 will be 4% higher than its July estimate at ...

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