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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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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Tesla CFO departure will revive concerns about hard-charging corporate culture, analysts say

Tesla shares fell about 4% in early trade Thursday, as analysts weighed in on the company’s fourth-quarter earnings released late Wednesday and news that longtime Chief Financial Officer Deepak Ahuja is leaving the company That news, which Tesla TSLA, +0.04% only announced at the end of its earnings call, garnered a great deal of attention in analysts notes, with Canaccord analyst […]

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GM halts production in Michigan amid natural-gas shortage: report

General Motors Co. GM, +1.61% will halt production at 15 manufacturing plants in Michigan, Automotive News reported Wednesday night, amid record cold after a fire at a utility station has limited the supply of natural gas in the state. Consumers Energy Co. said Ford Motor Co. F, +1.16% and Fiat Chrysler Automobiles FCAU, +2.34% plants have voluntarily agreed to cut […]

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