The balance of financial power is moving towards emerging markets, such as Asia and Latin America, James McCaughan, CEO of Principal Global investors, of one of the largest asset management firms, told CNBC on Friday.
Ford is thriving because it's becoming a more nimble, flexible auto maker. Nowhere is that more evident than in Ford's announcement Tuesday that its plant outside Detroit will be the first in the world to build standard internal combustion, hybrid, plug-in hybrid, and electric vehicles in one plant.
The statement was clear. What's unclear is what fallout, if any, will come from GM CEO Dan Akerson calling the Toyota Prius a "geek mobile." The Prius has been an unqualified hit for Toyota, and when was the last time GM introduced a "game changer." Which is why a lot of people are wondering what right Akerson has to call Prius owners geeks.
The "Fast Money" traders discuss how to trade Japanese bond yields and food Prices, as well.
Why several stocks in this space are nearing 52-week highs.
When Toshiba held a welcome ceremony for 35 recruits recently, the incoming employees listened to speeches and sang the company song. The event mirrored ceremonies held at other Japanese companies, but with one crucial difference – the recruits were foreigners who spoke little Japanese. The FT reports.