Tesla’s UK, Germany new car sales at two-year low in April even as EV demand rises
Tesla's April car sales drop 62% in Britain, 46% in Germany EV market share for Tesla in Britain falls to 9.3% Revamped Model Y deliveries expected to start in June Tesla's (TSLA.O) new car sales in Britain and Germany plummeted to their lowest in over two years in...
Tesla Sales Plummet Across Europe Even as Model Y Ramps Up
Tesla Inc. sales kept sliding across Europe’s biggest electric-car markets in April, despite the company rolling out an updated version of its most popular vehicle. The company registered only 512 new vehicles last month in the UK, the Society of Motor Manufacturers...
Citigroup Partners With Swiss Bourse in Private Markets Push
Citigroup Inc. is partnering with Switzerland’s stock exchange SIX Group AG as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings. The New York-based bank will use a platform operated by SDX, a...
US financial leaders see private assets coming to more investor portfolios
Individual investors are likely to see a growing array of financial products containing private credit heading their way in the coming months and years, financial executives said at the Milken Institute's annual global conference on Monday. While only a handful of...
Systematic Funds to Buy Stocks No Matter Which Way Market Swings
After a historic bout of tariff-driven volatility spurred trend-following systematic funds to sell, commodity trading advisers are once again surfacing as buyers of US stocks. Commodity trading advisers or CTAs, which typically buy stocks as index prices rise and sell...
Wall Street’s Biggest Bull Isn’t Budging on S&P 7,000 This Year
Wall Street stock market strategists have largely abandoned the lofty expectations they took into 2025, but one bull isn’t budging: Wells Fargo Securities LLC’s Christopher Harvey. He projects that the S&P 500 Index will end the year at 7,007, the same number he...
Private Markets Hog the Spotlight as Asset Managers Gather in DC
The half-lit ballroom at the JW Marriott in Washington buzzed with the restrained energy typical of a traditional asset-management conference — dark suits, legacy names and philosophies on portfolio allocation. Sipping their coffees Thursday at the buffet breakfast...
Florida Home Prices Post Biggest Decline in at Least 13 Years
Florida’s housing boom has now shifted into reverse, with prices sliding by the most in at least 13 years. The median price for all types of homes fell 1.7% in March from a year earlier, according to Redfin Corp. data going back to 2012. The post-pandemic influx of...
Bear Market Is Coming With S&P 500 Rally Stalling Soon, DeMark Says
US stocks are in for another drop that will eventually lead to a bear market in the coming months, according to veteran technical strategist Tom DeMark, who accurately called this year’s top in February and subsequent April low. DeMark — a closely-followed analyst...
Kohl’s fires new CEO Ashley Buchanan for steering business to former romantic partner
Kohl’s canned its newly hired chief executive after an investigation showed he had cut a “highly unusal” business deal with a woman who had been his romantic partner, according to a report. Ashley Buchanan — hired to lead the department store chain just four months...
Bessent Says Two-Year Treasuries Signaling Fed Should Cut
Treasury Secretary Scott Bessent said that the US Treasury market is telegraphing that the Federal Reserve ought to lower interest rates. “We are seeing that two-year rates are now below fed funds rates. So that’s a market signal that they think the Fed should be...
McDonald’s Sales Miss Highlights Rising Consumer Anxiety
McDonald’s Corp. US sales fell sharply in the first quarter, reflecting a deterioration in consumer sentiment that’s making it harder for restaurants to lure in diners. Same-store sales slumped 3.6% in the US, according to a statement Thursday, mainly because of a...
Apollo Raises $5.4 Billion Fund for Secondhand PE Deals
Apollo Global Management Inc. raised about $5.4 billion for a vehicle that enables investors to cash out of private funds early, spurred by a sluggish dealmaking climate. The fundraising for Apollo’s S3 Equity and Hybrid Solutions fund surpassed its target, according...
Yellen Warns US Recession Risk Is ‘Way Up’ After Trump’s Tariffs
Janet Yellen warned that the risk of a US recession has “gone way up” after Donald Trump’s sweeping tariffs rattled financial markets, consumers and businesses. The former Federal Reserve chair said in an interview with the Financial Times that the tariffs on major...