Hunt for the Next Tesla Fuels Wave of Electric-Vehicle Deals

Wall Street’s obsession with electric vehicles is touching off a new round of public listings and prompting clean-tech companies to forge partnerships with powerful allies. Proterra Inc., which makes electric buses and battery systems, on Tuesday said it will go public through special purpose acquisition company ArcLight Clean Transition Corp., the latest in a wave […]

Senate Finance Committee to consider Yellen as treasury secretary before Inauguration Day

Biden: ‘No one is better-prepared’ to deal with this crisis than Janet Yellen President-elect Joe Biden nominates Janet Yellen for Treasury Secretary. Senate Finance Committee Chairman Chuck Grassley on Wednesday said the panel would consider President-elect Joe Biden's nominee for treasury secretary, Janet Yellen, next week ahead of Inauguration Day. Continue Reading Below Grassley, R-Iowa, […]

Asia Stock Funds Boost Reflation Trades Betting on Value, Asean

A blue sweep in the U.S. is intensifying Asian stock investors’ conviction in reflation trades much like their global peers as they position their portfolios for the new year. Funds from Invesco Ltd. to Samsung Asset Management are embracing cyclical and value shares as bets for higher U.S. federal spending and faster economic recovery strengthen […]

Slow Start to 2021 Won’t Derail Canada’s Recovery, Economists Predict

Canada’s economy will start 2021 with a short-lived contraction, but that’s not expected to derail the nation’s recovery over the next couple of years. That’s the takeaway from Bloomberg’s monthly survey of economists, which predicts the nation’s gross domestic product will shrink by 0.8% on an annualized basis in the first quarter amid a second […]

Ben & Jerry's calls for Trump's removal

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Following last week’s insurrection at the US Capitol, a growing number of companies are distancing themselves from President Donald Trump and supporters who are peddling false claims about his election […]

Stew Leonard's CEO: We have plenty of food

London (CNN Business)Convenience store operators are having a moment. Canada’s Couche-Tard (ANCTF), the owner of Circle K, said in a statement on Wednesday that it’s offering €20 ($24.35) a share to acquire France’s biggest supermarket chain, Carrefour. The offer, which Couche-Tard expects to be mostly in cash, values Carrefour at €16.2 billion ($19.7 billion) and […]

Grounded Flights Are Sending U.S. Jet Fuel Prices Sliding Again

The new wave of lockdowns around the world is sending U.S. jet fuel prices slumping and exports slowing to a trickle all over again. It’s not as bad as the crash last April, but the headwinds the aviation market still faces before vaccines bring life to normal are increasingly showing. Benchmark jet fuel prices in […]

Oil prices slide as Biden issues coronavirus warning

Higher oil prices, volatility likely coming under Biden administration: Analyst The Schork Group Principal Stephen Schork provides insight into the oil market and prices. Oil prices fell Friday after President Biden warned it will take months for the U.S. to get a handle on the COVID-19 pandemic. Continue Reading Below West Texas Intermediate crude oil […]

BofA Securities Makes Huge 2021 Changes to US 1 List of Top Stocks to Buy

With the first quarter of 2021 underway, many of the top firms we follow on Wall Street are making some changes to the lists of their high-conviction stock picks for clients. With the market hitting all-time highs recently on all the major indexes, it makes sense to examine the lists as the rest of the […]

Wall Street Warms to Exxon as Oil Rally Supports Shaky Dividend

Analysts at Wall Street’s biggest banks say now’s the time to buy Exxon Mobil Corp. as rallying oil and gas prices increase the chances of the company being able to keep its highly prized dividend, the third-highest in the S&P 500 Index. JPMorgan Chase & Co. on Wednesday joined Morgan Stanley, Goldman Sachs Group Inc. […]