Bullish investors ‘too sanguine’ about U.S.-China trade talks, warns fund manager

After nearly a week of trade-talk booya, they’re finally getting down to business in Beijing. And POTUS’s market-pleasing deadline squashiness may hinge a lot on how the next couple of days go between China Vice Premier Liu He, U.S. Trade Rep. Lighthizer and Treasury Secretary Steven Mnuchin: No pressure guys, but investors seem to have a lot riding on the […]

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Teen who hacks car to drive backwards gets shoutout from Elon Musk

MOSCOW (AP) — A Russian teenager has refitted his car to drive it backward, and got a shoutout from Tesla’sTSLA, -1.61%  CEO Elon Musk. But this didn’t stop the police from stripping him of the car registration. The 18-year-old was stopped earlier this week driving the battered Lada backward. The teenager showed in a video posted on social media that […]

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Forty countries to require automatic breaking in cars next year — not U.S. or China

GENEVA (AP) — Forty countries led by Japan and the European Union — but not the U.S. or China — have agreed to require new cars and light commercial vehicles to be equipped with automated braking systems starting next year, a U.N. agency said. The United Nations Economic Commission for Europe, a key U.N. standards agency, said the draft agreement […]

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Dow transports surge as Norfolk and Avis stocks account for half the gains

The Dow Jones Transportation Average DJT, +1.04% surged 111 points, or 1.1%, in afternoon trade Monday, as rallies in shares of Avis Budget Group Inc., Norfolk Southern Corp. and airlines helped the index buck the weakness seen in the Dow Jones Industrial Average DJIA, -0.27% Avis’s stock ran up 8.6% after Goldman Sachs swung to being bullish from bearish on […]

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These 3 surprising stocks are held in ESG funds

Individual investors often rely on a company’s reputation to judge its performance in environmental, social and governance (ESG) factors. Institutional investors, by contrast, tend to take a more methodical approach in analyzing whether companies earn a favorable do-gooder rating. But investors might express surprise at some of the stocks that ESG funds include in their portfolios. That’s likely because many […]

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Volvo recalls 167,000 cars — its second major recall in the last 30 days

STOCKHOLM (AP) — Swedish automaker Volvo Cars, owned by China’s Geely holding company, says it is recalling 167,000 cars worldwide because the hatch lid lift system on electric trunks can loosen, stop working in cold weather, and possibly cause damage. Group spokeswoman Annika Bjerstaf says the recall is “a preventive safety measure,” adding Volvo Cars “has not received any reports […]

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