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The good days for the stock market won’t last, says David Rubenstein, a billionaire investor and co-founder of private equity giant Carlyle Group, who cautioned against bullish near-term market expectations citing a disconnect between rising equity prices and a sluggish economy....
It's been a soft week for Baozun Inc. (NASDAQ:BZUN) shares, which are down 12%. But over five years returns have been......
Tesla Inc.’s (TSLA) vehicle registrations in California almost halved in the second quarter of the year, Reuters reported, citing data from Cross-Sell, a marketing research firm that collates title and registration data.Shares were trading down 5.4% at $1,463 in Thursday’s pre-market trading. The data showed registrations in California, a bellwether market for the electric-car maker, plunged almost 48% from a year earlier to 9,774 vehicles in the three months ended June 2020.During the reported period between April and June, most parts of the U.S. were under government-imposed stay-at-home orders to slow the spread of the coronavirus outbreak, which impacted production and caused a plunge in auto sales.Tesla’s only U.S. vehicle factory in California was closed for more than six weeks with production disrupted from the end of March to early May.In the second quarter, Model 3 registrations in the state, which accounted for more than half of the total registrations, dropped...
"Strong capital markets results provided an important counterbalance to the COVID-19-related impacts on our Consumer business," Chief Executive Officer Brian Moynihan said, calling the quarter "the most tumultuous period since the Great Depression". Net interest income (NII), a key measure of how much banks can make from their lending activities, has, however, been pressured by the pandemic as the U.S. Federal Reserve slashed interest rates to near-zero levels. Bank of America's NII fell 11% to $10.8 billion....
