Foxconn aims for 10% of electric car platform market by 2025
TAIPEI — Key Apple supplier Foxconn Technology Group is aiming to control up to 10% of the global market for electric vehicle platforms by 2025 as it seeks new growth drivers to offset the long slowdown in the smartphone industry. Foxconn, formally known as Hon Hai Precision Industry, unveiled its first open platform for electric […]
The rumored Apple Watch features hint at the tech giant’s bigger plans to make the wearable and indispensable healthcare device.
The Apple Watch may eventually have features like blood pressure monitoring and a thermometer. A new version is expected in September, when Apple typically debuts new products. The company may face delays in the technology as they continue to develop healthcare wearables. Ahead of Apple’s expected 2021 keynote event, rumors are circulating on features the […]
Apple could sell 1.5 million electric cars by 2030, Bernstein speculates
PUBLISHED TUE, AUG 31 202111:07 AM EDTUPDATED 34 MIN AGO Hannah Miao@HANNAHMIAO_ In this article AAPL-0.74 (-0.48%) An Apple logo seen displayed on a smartphone with stock market values in the background. SOPA Images | LightRocket | Getty Images If Apple releases an electric vehicle by 2025, it could sell 1.5 million cars by 2030, investment […]
Three reasons why UBS believes the S&P 500 can rally to 5,000
PUBLISHED TUE, AUG 31 202112:29 PM EDTUPDATED 2 HOURS AGO Jesse Pound@JESSERPOUND In this article UBSG-CH-0.06 (-0.39%) A woman takes a selfie with the ‘Charging Bull’ statue on February 17, 2021 in New York City. Angela Weiss | AFP | Getty Images The S&P 500 is up 20% year to date and on the verge of […]
U.S. INSIGHT: Fed Tapers, Then What? Modeling the Impact
Tuesday, August 24, 2021 03:02 PM By Björn van Roye (Economist) and Tom Orlik (Economist) (Bloomberg Economics) — A roaring U.S. recovery, the highest inflation since 2008 and a historical low for real yields make strange companions. Bloomberg Economics’ analysis suggests that it’s a combination of Federal Reserve asset purchases and continued uncertainty about the outlook that’s depressing […]
How the $1 trillion infrastructure bill will direct billions toward tech spending
During the pandemic, the internet kept Americans going as much as highways and rails. Now, a $1 trillion infrastructure bill passed by the Senate on Tuesday is set to inject money into expanding broadband access and bring funding to other parts of the tech sector, including electric vehicles. At the same time, the bill includes new tax […]
Fed’s $8 Trillion Balance Sheet Will Only Grow
Tuesday, August 10, 2021 03:00 AM By Lisa Abramowicz (Bloomberg Opinion) — Don’t expect the Federal Reserve to materially shrink its balance sheet for quite some time. Analysts and economists are coming to the conclusion that U.S. central bankers will keep slowly expanding their $8.2 trillion stockpile for the foreseeable future, even if the economic recovery […]
Bond Yields Can’t Stay This Low Forever
Monday, August 9, 2021 06:26 AM By Bill Dudley (Bloomberg Opinion) — See if you can figure out which of these data points conflicts with the others: The U.S. economy grew at an annualized, inflation-adjusted rate of 6.5% last quarter; it added an estimated 850,000 jobs last month; consumer prices have risen 5% over the past […]
Why Stop at 5,000? S&P 500 Could Hit 6,000 in 2025
6:46:59 AM Wall Street strategists are making increasingly optimistic predictions for the S&P 500 Index, which closed Thursday at 4,429.10. Goldman Sachs’s David Kostin is now calling for 4,900 at the end of next year. Yardeni Research Inc.’s Edward Yardeni is targeting 5,000. Leuthold Group’s Jim Paulsen is looking out further, to 2025, and seeing […]
From Ford trucks to Xbox, the chip shortage is still causing problems
Starting next week, General Motors is again halting the assembly lines of several pickup truck plants because the company doesn’t have enough computer chips. The plants had been back up and running for just a week following a shutdown in July, which was also caused by the chip shortage. These production halts may not stop anytime soon. […]