Tesla explores building Gigafactory in Europe: Wall Street Journal
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the matter.
Wary of China’s rise, Pompeo announces U.S. initiatives in emerging Asia
U.S. Secretary of State Mike Pompeo announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia on Monday, at a time when China is pouring billions of dollars in investments into the region.
Nasdaq drops as FAANG growth worries persist
The Nasdaq Composite fell more than 1 percent on Monday for the third straight session, as disappointing forecasts from a clutch of technology and internet companies fueled worries about the continued growth of the high-flying tech sector.
Deutsche Bank shifts euro clearing as post-Brexit landscape emerges
Deutsche Bank has moved the clearing of a “large part” of new euro-denominated derivatives trades from London to Frankfurt, as financial firms ramp up their Brexit preparations.
Tesla explores building Gigafactory in Europe: WSJ
Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials involved in the matter.
US Foods to buy SGA’s Food Group for $1.8 billion
Food distribution company US Foods Holding Corp said on Monday it would buy SGA’s Food Group of Cos for $1.8 billion in cash and reported disappointing second-quarter sales, sending its shares down 15 percent.
Walmart stumbles with its ‘last mile’ package delivery plan
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.
Meat processor Tyson Foods cuts profit forecast on mounting tariff pressures
Tyson Foods Inc cut its full-year profit forecast on Monday, citing the uncertainty in trade policies and increased tariffs that have hurt domestic and export prices of meat, sending its shares down 6 percent.
Pompeo announces $113 million in new U.S. initiatives in ‘Indo-Pacific’
Building on President Donald Trump’s “Indo-Pacific” strategy, U.S. Secretary of State Mike Pompeo on Monday announced $113 million in new regional investments focused on technology, energy and infrastructure.
Harley drives deeper into Asia with smaller bikes to fuel growth
Harley-Davidson Inc is launching lightweight motorcycles in Asian markets and electric bikes in the hope of sparking demand as it faces declining sales in the United States and the threat of trade tariffs increasing its costs.
