Asian stocks tumbled after renewed jitters about the global economic outlook sparked a selloff on Wall Street, sending U.S. stocks to their lowest levels for the year.
Tesla is going public today under the symbol TSLA. To say this IPO has gone better than expected would be an understatement. It's pricing at $17 a share, above the range originally set out, and with the number of shares being offered expanding to 13.3 million, this IPO will raise more than $225 million dollars for Tesla.
Asian markets reversed early gains to trade lower Tuesday in lackluster trading, on course for their worst quarterly performance since the end of 2008. This mirrored a weak performance in the U.S. where Wall Street ended the session lower as investors digested mixed consumer data.
Tesla, the high-end electric carmaker has expanded the number of shares it will offer when its stock starts trading this week. The company will now issue 20 % more stock at a price of $14-16 a share. All part of the Tesla plan to raise about $200 million.
Asian stock markets ended mixed in cautious trade Monday, as investors awaited June jobs data due out Friday for clues on how the U.S. economy is faring following recent setbacks including a sharp decline in new home sales last week.
Next week the country's largest automaker and one its smallest will both be scrutinized by Wall Street and investors.
Asian stocks struggled on Friday, after fresh signs of consumer weakness and worries about stringent financial regulation sent Wall Street lower.
There's a new trend coming out of Japan that's sure to make its way to U.S. shores — divorce ceremonies! "Do you, [state your name], promise to neither love nor cherish this woman, so long as you live?"
Asian stock markets ended mostly lower Thursday after paring earlier gains on the back of leadership changes in Australia.
China is going through the labor unrest and growing pains that you would expect in a country that pass up the U.S. in auto sales last year. In the last two months there have been strikes and labor unrest at different auto plants in China. Compared to some of the doozies in the past here in the U.S., these are mild. But I suspect this is just the beginning.
Asian stocks slid on Wednesday after Wall Street closed lower as an unexpected fall in poor U.S. housing data added to worries about the fragility of the global economic recovery and optimism over China's promise to make the yuan more flexible faded further.
For years people have derisively said, "oh that's a chick car" when describing a certain model supposedly favored by women. Whenever I would hear people in the auto industry use this term, I'd think to myself, "Talk about making a broad, often incorrect generalization."
It's ok to admit it. It's ok to say that you are skeptical of the J.D. Power report that the Big 3 have passed up foreign automakers when it comes to quality. There are more than a few of you out there who e-mailed me last week to say that you aren't buying it.
There are reports out of Japan that Toyota is setting a target of cutting prices 30% by 2013 in a strategy shift designed to keep up with hard charging competitors Volkswagen and Hyundai.
The Obama administration's six-month moratorium on oil drilling could benefit BP, John Kingston, director of oil at Platts, a provider of energy information, told CNBC.
Asian stocks were mixed in directionless trade on Friday, after Wall Street closed with slight gains.
For the first time ever, the J.D. Power Initial Quality Study has found America's automakers build new models with fewer problems than their foreign competitors.
Asian stock markets traded rangebound on Thursday, after major indices on Wall Street ended mostly flat on mixed economic data and a disappointing outlook from FedEx.
Asian stocks jumped on Wednesday, after a number of successful European debt auctions eased investor concerns about the euro zone's solvency crisis.
Despite a woeful track record in the U.S. In the last ten years, they haven't given up on winning over Americans. In fact, the folks at VW believe they can eventually sell a million vehicles here in the U.S. It's an ambitious goal for a company that sold roughly 300,000 (including it's luxury line Audi) here last year.