Silver as an investment

Category Archives: Volvo

Stocks Hit New Record Highs, Dollar Jumps On Senate Vote; Japan Has Longest Winning Streak In History

Global stocks hit new all time highs overnight, with US stock-index futures, Asian and European stocks all rising overnight after the Senate adopted a fiscal 2018 budget resolution, paving the way for Trump’s $1.5 trillion in tax cuts, while news that “dove” Jay Powell may be the next Fed chair added to the risk-on sentiment. […]

Is This The Bizarre Reason Why Tesla Is Struggling To Ramp Model 3 Production?

A little over a week ago, we noted the damning – if unsurprising – report from the Wall Street Journal revealing that Tesla’s massive production miss on the Model 3, after only producing a tiny fraction of the 1,500 Model 3 sedans that it promised customers, might have been attributable to the fact that key […]

Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to […]

Fiat Chrysler Shares Soar After China’s Great Wall Confirms Interest

Last week AutomotiveNews reported rumors that at least one Chinese automaker had made a bid for Fiat Chrysler (FCA) at a slight premium to the company’s prevailing market price though it was reported rejected.  While it’s unclear whether an official bid was made, this morning Reuters is confirming that China’s Great Wall Motor Company has […]

Global Stocks Hit Record High, Set For Longest Winning Streak Since 2015

In what has been a less exciting session than the previous two, the euro retraced some recent gains as traders grew concerned they may have overestimated the ECB’s hawkish bias ahead of Thursday’s rate decision; in turn the dollar edged higher after the collapse of the GOP healthcare bill sent it to the lowest since […]

Tesla Furious After AAA Hits Carmaker With Higher Premiums Due To “Abnormally High Claims”

AAA is raising premiums on Tesla vehicles by 30% after data showed that owners of Model S and Model X cars filed claims at abnormally high rates, and that those claims cost more compared with other cars in the same class, Automotive News reported. Tesla, of course, is disputing the insurer's analysis. "This analysis is […]

2016 Year In Review

Authored by Scott Kristoff via Avondale Asset Management, We started this year with the economy deteriorating and finished it with the second interest rate increase in ten years.  There were a lot of ups and downs along the way, but ultimately 2016 was defined by three key story-lines:  1) Brexit 2) The Presidential Election 3) Fed Policy. […]

Canaries ‘In Extremis’

Submitted by Robert Gore via StraightLineLogic.com, Nobody “important” will admit it until after the election, but the resumption of the depression is at hand. Most people’s strongest memory of the last financial crisis was the September 2008 bankruptcy of Lehman Brothers. However, thirteen months prior to that, August 2007, two Bear Stearns’ mortgage hedge funds […]

Uber & Out? nuTonomy Launches First Driverless Taxi Service In Asia

Last week we noted Uber's intention to launch "semi-autonomous" taxis in Pittsburgh (see "Uber Determines Pittsburgh Lives Most Expendable; Plans To Unleash Autonomous Vehicles There Within Weeks").  For now, the Uber cars will still have an engineer in the driver's seat ready to grab the wheels at anytime as they continue to work out "bugs" […]

Uber Determines Pittsburgh Lives Most Expendable; Plans To Unleash Autonomous Vehicles There Within Weeks

Uber just announced plans to introduce autonomous, well semi-autonomous anyway, vehicles to carry passengers in Pittsburgh later this month.  Per an interview with Bloomberg, in a plan described as "audacious, even reckless," Uber CEO Travis Kalanick says autonomous cars are "going commercial" because they "cant' just be about science."  Even though the long-term plan is […]