Category: Trucking News

GRAPHIC-Which markets did best from Berlin Wall's collapse? Wall St and the BRICs, of course

The toppling of the Berlin Wall made free market economics the norm across Europe - but which financial markets have done the best since then? While the events of 1989 redefined Europe's boundaries, they also ushered in almost two decades of powerful economic liberalisation and globalisation that took in China, India and Latin America - a wave that is only now cresting. Also at work is a 30-year drop in global borrowing costs as inflation has been beaten back - even amid a boom for commodity producers, whose resources China has gobbled up....

Morgan Stanley: GoPro Setting A High Bar For Q4

GoPro's third-quarter report was mostly in-line with management's pre-announcement, but its updated full-year guidance implies a "high bar" is set for the fourth quarter, Woodring said in a Friday note. The math behind the 2019 guidance implies that 46% of total revenue will come in the holiday season quarter, which is the highest fourth-quarter mix in company history, the analyst said. First, the holiday season is six days shorter year-over-year, and forecasting consumer demand is never an easy task....

Ambev to invest $145 mln in wind farm to power Budweiser breweries in Brazil

Ambev SA said on Friday it has signed a deal with a private equity group to build a wind farm that will supply renewable energy to all of its beverage plants in Northeastern Brazil, as well as to its five Budweiser breweries across the country. Under the terms of the agreement, Ambev is expected to pay around 600 million reais ($145 million) over a 15-year period to Casaforte Investimentos, which in turn will build a 1,600 hectare wind farm in Bahia state exceeding 80 megawatts in capacity. "This power purchase agreement will cut 20,000 tonnes in carbon dioxide emissions per year, which is the equivalent of removing 35,000 cars from the streets per year," Ambev's vice president for sustainability and supply chain, Rodrigo Figueiredo, told Reuters in an interview....

Musk mocks hedge fund owner Einhorn over Tesla shorts

A copy of the letter posted by the Zerohedge https://www.zerohedge.com/markets/major-hedge-fund-capitulates-tesla-short-david-einhorn-accuses-musk-significant-fraud blog and dated Oct. 30, quoted Einhorn as saying that his Greenlight Capital fund made material losses on Tesla in the second quarter. "Unit sales in the June quarter improved more than we expected compared to the March quarter," he wrote in the letter, according to the text posted on Zerohedge....