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    From Mike Burnick: Earnings season is pretty much in the books, as 98% of S&P 500 companies have already reported second-quarter numbers. The results: Profits declined 3.2% overall for the index. That’s the fifth quarter in a row of falling profits. The last losing streak of this magnitude was during the financial crisis of 2008-2009!..

    November 9, 2017
  • Tech Updates

    EM stock index now more tech-heavy than S&P 500

    Technology stocks now account for a larger slice of the main emerging markets equity index than of Wall Street’s S&P 500, the first time this has happened since August 2008.   The reversal symbolizes a radical reshaping of the MSCI Emerging Markets index, which in 2007 had a 33 per cent weighting to commodity-related stocks..

    November 9, 2017
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    Automobiles

    The Tesla Model 3 Is Still a Rich Person’s Car

    Tesla calls the Model 3, which the company revealed last week, “our most affordable car yet.” At a starting price of $35,000, they’re not wrong, but affordability is relative. In their eagerness to see Elon Musk’s electric car empire overthrow the old, traditional combustion engine, Tesla supporters might overlook how the Model 3 makes the..

    November 2, 2017
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    Automobiles

    A Dance Between Dealer and Carmaker on Lifting Sales

    Auto sales hit an all-time high last year in the United States, and many analysts expect another record this year. But in this surge, some automakers are increasing sales by counting new cars bought by their own dealers as sold, raising questions about whether some segments of the auto industry — a pillar of the..

    November 2, 2017
  • Automobiles

    Shambaugh loved machines, automobiles

    Because so many years have passed, the odds are you never heard of Charlie Shambaugh (1877-1940). His fame came three generations ago. And when he died, these words had earned places in the first sentence of his obituary: “mechanical genius” — “pioneer auto dealer” — “founder of Lafayette Airport.” The writer of that sentence should..

    November 2, 2017
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    Automobiles

    The 8 most expensive and insanely fast supercars in the world

    If there’s one thing we learned from endless episodes of MTV Cribs back in the day, it’s that athletes, rock stars, and A-list celebrities are all bonded by a common interest: A love and passion for fast and expensive cars. While everyone is likely familiar with expensive cars from the likes Porsche and Rolls Royce, there exists a subset..

    November 2, 2017
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    Automobiles

    What drives automobiles

    Despite intermittent volatility, markets have rallied since 2014 on high growth expectations from the economy. But while acceleration in growth still remains tentative in many pockets, the auto sector is one space which has seen promising sales. Heavy truck and bus sales have convincingly turned around from the slowdown years of 2012-13 and 2013-14. Small..

    November 2, 2017
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    Automobiles

    THE VISION MERCEDES MAYBACH 6

    They’ve done it before and they’re doing it again. At the risk of sounding repetitive Mercedes-Benz is about to launch another mind dazzlingMercedes Maybach Concept. Only this one seems set to throw a shroud of tedium over all its predecessors. The all-electric, self-driving concept coupe tagged the Vision Mercedes-Maybach 6 has both “sensual purity and..

    November 2, 2017

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