Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
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While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
In an area responsible for the shipment of one-third of the world's seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of...Oilread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
The auto alliance between Renault, Nissan and Mitsubishi is probably the most advanced and profitable carmaker when it comes to producing electric cars, the company's CEO told CNBC Friday.
The alliance, which started work on electrification back in 2008, announced September that it is going to produce 12 new electric cars within the next five years. Speaking to CNBC, Carlos Ghosn, the chief executive officer, said that it takes time to make money out of electric cars but the French group has mastered the business.
"We are probably the most advanced carmaker in terms of costs of electric cars and we have announced already in 2017 that we are probably the only carmaker who's starting to make money selling electric cars," Ghosn said.
"We know that there's a steep curve before you start to make money out of electric cars. I think we are well advanced," he added.
The carmaker surprised analysts and investors Friday morning when reporting a record operating profit of 3.854 billion euros ($4.84 billion) for 2017 — an increase of 17.4 percent from the year before.
Ghosn added that he does not foresee any impact on costs of electric cars if there's higher costs in raw materials.
"The increase in the cost of the raw material would be compensated by much better knowhow into how to make batteries more efficiently and how to substitute some of the raw materials going into the batteries," he said.