Chinese demand boosts L’Oreal cosmetics sales

Strong Chinese demand for luxury skin creams helped Lancome owner L’Oreal beat sales forecasts in the fourth quarter, as did a pick-up in its lagging mass market division. Like rivals including U.S.-based Estee Lauder, the French maker of Maybelline and Urban Decay make-up has thrived on strong demand from Chinese shoppers in recent years, especially for its higher-end products. At L’Oreal Asia Pacific overtook North America as its biggest region last year. Sales rose 2.8 percent in that divisio


Strong Chinese demand for luxury skin creams helped Lancome owner L’Oreal beat sales forecasts in the fourth quarter, as did a pick-up in its lagging mass market division. Like rivals including U.S.-based Estee Lauder, the French maker of Maybelline and Urban Decay make-up has thrived on strong demand from Chinese shoppers in recent years, especially for its higher-end products. At L’Oreal Asia Pacific overtook North America as its biggest region last year. Sales rose 2.8 percent in that divisio
Chinese demand boosts L’Oreal cosmetics sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, sales, demand, loreal, boosts, strong, quarter, chinese, market, likeforlike, helped, growth, including, luxury, cosmetics


Chinese demand boosts L'Oreal cosmetics sales

Strong Chinese demand for luxury skin creams helped Lancome owner L’Oreal beat sales forecasts in the fourth quarter, as did a pick-up in its lagging mass market division.

Like rivals including U.S.-based Estee Lauder, the French maker of Maybelline and Urban Decay make-up has thrived on strong demand from Chinese shoppers in recent years, especially for its higher-end products.

Sales of L’Oreal’s top-flight brands exceeded analyst expectations in the last three months of the year thanks to this market, despite cooling economic growth in China, and fears over a Washington-Beijing trade war.

Some heavy-hitters in the luxury fashion industry, like LVMH’s Louis Vuitton, have also reported encouraging momentum in Asia. At L’Oreal Asia Pacific overtook North America as its biggest region last year.

But L’Oreal, which is due to detail its results at a news conference on Friday, also faces a challenge to keep improving revenue growth in other areas, including its consumer products unit, home to brands like Garnier shampoo.

Sales rose 2.8 percent in that division on a like-for-like basis in the fourth quarter, which strips out currency effects and acquisitions, up from 2.3 percent a quarter earlier.

That helped boost overall sales at the firm, up 7.7 percent like-for-like and head of forecasts for a 6.4 percent rise, and which came in at 7.1 billion euros ($8.1 billion).


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: marlene awaad, bloomberg, getty images
Keywords: news, cnbc, companies, sales, demand, loreal, boosts, strong, quarter, chinese, market, likeforlike, helped, growth, including, luxury, cosmetics


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Bank of America boosts CEO Brian Moynihan’s pay 15% to $26.5 million after record profit last year

Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in stock units, some of which are performance-based. Bank of America, the second biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corpo


Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in stock units, some of which are performance-based. Bank of America, the second biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corpo
Bank of America boosts CEO Brian Moynihan’s pay 15% to $26.5 million after record profit last year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: hugh son, christopher goodney, bloomberg, getty images
Keywords: news, cnbc, companies, pay, morgan, record, financial, cut, profit, boosts, million, ceo, moynihans, jp, increase, america, bank, brian, lender, raise


Bank of America boosts CEO Brian Moynihan's pay 15% to $26.5 million after record profit last year

Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year.

Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in stock units, some of which are performance-based.

Bank of America, the second biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corporate tax cut, rising interest rates and Moynihan’s efforts to cut costs. The bank generated $28.1 billion in profits in 2018, 54 percent more than the previous year, on $91.2 billion in revenue.

Moynihan, 59, has led the Charlotte, North Carolina-based bank since the start of 2010. He spent much of the earlier part of his tenure cleaning up the mortgage-related mess related to his predecessor’s acquisition of subprime lender Countrywide Financial. More recently, his stature among investors and analysts has climbed with the bank’s financial performance.

His rivals have also gotten raises. J.P Morgan’s Jamie Dimon, typically the highest-paid of bank CEOs, got a 5 percent increase to $31 million. Morgan Stanley’s James Gorman got a 7 percent raise to $29 million.

Goldman Sachs CEO David Solomon got $23 million, but his firm said some of that could get clawed back if the results of an investigation into the 1MDB scandal would have influenced the board’s pay decisions.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: hugh son, christopher goodney, bloomberg, getty images
Keywords: news, cnbc, companies, pay, morgan, record, financial, cut, profit, boosts, million, ceo, moynihans, jp, increase, america, bank, brian, lender, raise


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Lamborghini’s new $200,000 SUV boosts automaker’s sales by 51 percent in 2018

The Lamborghini SUV might seem like the ultimate four-wheeled oxymoron. But so far, the experiment is paying off in the Lamborghini Urus. Lambo’s total global sales jumped 51 percent in 2018, with the company delivering 5,750 cars. Much of that gain was from the 1,761 new Uruses delivered to customers during the last half of the year. The company — part of Volkswagen Group — sold 1,595 total cars in the U.S., its largest single market.


The Lamborghini SUV might seem like the ultimate four-wheeled oxymoron. But so far, the experiment is paying off in the Lamborghini Urus. Lambo’s total global sales jumped 51 percent in 2018, with the company delivering 5,750 cars. Much of that gain was from the 1,761 new Uruses delivered to customers during the last half of the year. The company — part of Volkswagen Group — sold 1,595 total cars in the U.S., its largest single market.
Lamborghini’s new $200,000 SUV boosts automaker’s sales by 51 percent in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: robert frank, adam jeffery
Keywords: news, cnbc, companies, company, uruses, boosts, total, lambos, urus, cars, 200000, yearthe, sales, volkswagen, ultimate, 2018, 51, lamborghini, lamborghinis, suv, automakers


Lamborghini's new $200,000 SUV boosts automaker's sales by 51 percent in 2018

The Lamborghini SUV might seem like the ultimate four-wheeled oxymoron. Like low-fat ice cream or soft rock, Lambos and SUVs just didn’t belong together.

But so far, the experiment is paying off in the Lamborghini Urus. Lambo’s total global sales jumped 51 percent in 2018, with the company delivering 5,750 cars. Much of that gain was from the 1,761 new Uruses delivered to customers during the last half of the year.

The company — part of Volkswagen Group — sold 1,595 total cars in the U.S., its largest single market.


Company: cnbc, Activity: cnbc, Date: 2019-02-05  Authors: robert frank, adam jeffery
Keywords: news, cnbc, companies, company, uruses, boosts, total, lambos, urus, cars, 200000, yearthe, sales, volkswagen, ultimate, 2018, 51, lamborghini, lamborghinis, suv, automakers


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Goldman Sachs boosts rates on Marcus accounts as banks fight for deposits

Goldman Sachs is the latest bank to boost interest rates for savings products. Its Marcus consumer finance arm will pay online savings account users a 2.25 percent rate starting Friday, an increase of 20 basis points. The rate on its 1-year certificate of deposit rises 10 basis points to 2.75 percent. If the Fed continues to hike rates, top accounts could yield almost 3 percent by year-end, according to Bankrate.com chief financial analyst Greg McBride. “There’s definitely a price war among the


Goldman Sachs is the latest bank to boost interest rates for savings products. Its Marcus consumer finance arm will pay online savings account users a 2.25 percent rate starting Friday, an increase of 20 basis points. The rate on its 1-year certificate of deposit rises 10 basis points to 2.75 percent. If the Fed continues to hike rates, top accounts could yield almost 3 percent by year-end, according to Bankrate.com chief financial analyst Greg McBride. “There’s definitely a price war among the
Goldman Sachs boosts rates on Marcus accounts as banks fight for deposits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: hugh son, christopher goodney, bloomberg, getty images
Keywords: news, cnbc, companies, points, accounts, deposits, yield, yearend, boosts, mcbride, online, marcus, banks, rates, goldman, basis, fight, savings, sachs, rate


Goldman Sachs boosts rates on Marcus accounts as banks fight for deposits

The stock market may be tanking lately, but at least savers are getting paid more to park their money.

Goldman Sachs is the latest bank to boost interest rates for savings products. Its Marcus consumer finance arm will pay online savings account users a 2.25 percent rate starting Friday, an increase of 20 basis points. The rate on its 1-year certificate of deposit rises 10 basis points to 2.75 percent.

Banks are jockeying for deposits because they’re a cheap form of capital to make loans. But after three years of Federal Reserve rate increases, competition among online banks and smaller institutions has grown fierce, and some analysts worry that that could threaten the industry’s profitability.

If the Fed continues to hike rates, top accounts could yield almost 3 percent by year-end, according to Bankrate.com chief financial analyst Greg McBride. A year ago, it was about 1.5 percent, he said.

“There’s definitely a price war among the most competitive banks,” McBride said. “Banks are leapfrogging each other to be at the top of the heap. If it gets more people saving, that’s a good thing.”


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: hugh son, christopher goodney, bloomberg, getty images
Keywords: news, cnbc, companies, points, accounts, deposits, yield, yearend, boosts, mcbride, online, marcus, banks, rates, goldman, basis, fight, savings, sachs, rate


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Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off. The firm’s loading estimate suggests that U.S. imports of Saudi crude oil could soon fall toward the lowest levels on record. Sending fewer barrels to the United States means U.S. crude stockpiles are more likely to drop, and shrinking inventories tend to push up oil prices. The maneuver shows how Saudi Arabia’s efforts to manage the oil marke


Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off. The firm’s loading estimate suggests that U.S. imports of Saudi crude oil could soon fall toward the lowest levels on record. Sending fewer barrels to the United States means U.S. crude stockpiles are more likely to drop, and shrinking inventories tend to push up oil prices. The maneuver shows how Saudi Arabia’s efforts to manage the oil marke
Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tom dichristopher, heinz-peter bader
Keywords: news, cnbc, companies, shipments, slashing, market, states, united, saudis, saudi, boosts, crude, oil, output, arabia, tactic, rile, trump, prices


Saudi Arabia is slashing oil shipments to US, a tactic that boosts prices and may rile Trump

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off.

The move could put the kingdom at loggerheads with President Donald Trump, who wants to drive down energy costs for Americans and frequently accuses the Saudi-led OPEC cartel of jacking up oil prices.

The Saudis are loading fewer barrels on ships bound for the United States this month, continuing a trend that began in September, according to an analysis by tanker-tracking firm ClipperData. The firm’s loading estimate suggests that U.S. imports of Saudi crude oil could soon fall toward the lowest levels on record.

Sending fewer barrels to the United States means U.S. crude stockpiles are more likely to drop, and shrinking inventories tend to push up oil prices. It’s a tactic the Saudis used last year to amplify their main strategy for draining a global crude glut and propping up the market: cutting output alongside fellow OPEC members, Russia and several other producers.

The maneuver shows how Saudi Arabia’s efforts to manage the oil market have evolved. During the 2014-2016 oil price crash, traders closely monitored weekly U.S. stockpile data to see whether oversupply was shrinking or growing. As the world’s biggest exporter, Saudi Arabia realized it could nudge the data in a direction that boosts the cost of crude.

“It worked so well in 2017 for [the Saudis] to cut flows to the U.S. because people could see the inventories dropping because U.S. data is so timely and transparent,” said Matt Smith, head of commodities research at ClipperData.

“The markets have become more transparent through tanker tracking,” Smith said. “You can see those changes being implemented more, and [the Saudis are] aware of that.”

November’s drop in Saudi barrels bound for the United States follows a six-week oil market rout that saw prices plunge 25 percent into bear market territory. It also comes after Saudi Energy Minister Khalid al-Falih warned on Monday that OPEC, Russia and several other producers may soon launch a fresh round of price-boosting output cuts.

Shortly after Falih issued the warning, Trump took to Twitter to voice his disapproval with that plan.

But Saudi Arabia may not be swayed by Trump’s pressure campaign. In recent days, Smith and other energy analysts have claimed that Trump essentially duped OPEC and its allies into raising output earlier this year.

The analysts say Trump’s threats to impose harsh sanctions on Iran, OPEC’s third-biggest producer, played a part in convincing the producers to stop capping output and start pumping more oil. But Trump ultimately allowed some of Iran’s biggest customers to keep importing its oil, which meant the oil squeeze the alliance feared never materialized.

Consequently, the producers put even more oil into a market that is swinging toward oversupply, giving traders another reason to sell off crude futures and push prices lower.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tom dichristopher, heinz-peter bader
Keywords: news, cnbc, companies, shipments, slashing, market, states, united, saudis, saudi, boosts, crude, oil, output, arabia, tactic, rile, trump, prices


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Juul e-cigarette maker boosts lobbying spending as FDA cracks down

In the third quarter, Juul spent $560,000, according to a lobbying disclosure form. That compares with the $210,000 it spent in the previous quarter, according to a filing. The company filed an amendment correcting the figure, Juul spokeswoman Victoria Davis told CNBC. Those figures have Gottlieb and the FDA considering a slew of options, including restricting e-cigarette manufacturers from selling flavored nicotine liquids. Note: This story has been updated to reflect an amendment Juul filed wi


In the third quarter, Juul spent $560,000, according to a lobbying disclosure form. That compares with the $210,000 it spent in the previous quarter, according to a filing. The company filed an amendment correcting the figure, Juul spokeswoman Victoria Davis told CNBC. Those figures have Gottlieb and the FDA considering a slew of options, including restricting e-cigarette manufacturers from selling flavored nicotine liquids. Note: This story has been updated to reflect an amendment Juul filed wi
Juul e-cigarette maker boosts lobbying spending as FDA cracks down Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: angelica lavito, scott olson, getty images
Keywords: news, cnbc, companies, maker, boosts, regulators, filed, fda, lobbying, juul, ecigarette, spent, spending, quarter, cracks, according, company


Juul e-cigarette maker boosts lobbying spending as FDA cracks down

Leading e-cigarette manufacturer Juul spent half a million dollars on lobbying last quarter — up 167 percent from the previous quarter — as regulators weigh restrictions on the industry to stem a surge in teens using the devices.

In the third quarter, Juul spent $560,000, according to a lobbying disclosure form. That compares with the $210,000 it spent in the previous quarter, according to a filing. The company focused its efforts on e-cigarette and vaping regulation, as well as tariffs on products manufactured in China, it said in the disclosure.

However, the $560,000 is half of the amount the company initially reported spending Tuesday. The company filed an amendment correcting the figure, Juul spokeswoman Victoria Davis told CNBC.

Juul has beefed up its Washington operations amid growing scrutiny that could threaten its business. It has hired Tevi Troy, deputy Health and Human Services secretary in the George W. Bush administration; Jim Esquea, an assistant HHS secretary in the Obama administration; and Ted McCann, a senior policy advisor to House Speaker Paul Ryan, among others.

Lawmakers, including Senate Minority Leader Chuck Schumer, have urged the Food and Drug Administration to ban sweet nicotine flavors they say entice young people to use e-cigarettes. In September, FDA Commissioner Dr. Scott Gottlieb announced the agency would crack down against teen use that he said has reached “epidemic levels.”

Preliminary federal data show high school students’ use of e-cigarettes has surged 77 percent over the past year and use of conventional cigarettes has also ticked up, though the increase is not statistically significant. Those figures have Gottlieb and the FDA considering a slew of options, including restricting e-cigarette manufacturers from selling flavored nicotine liquids.

Any changes could weigh on Juul’s revenue. The company represents 75 percent of the e-cigarette market, according to the most recent Nielsen data compiled by Wells Fargo analyst Bonnie Herzog. Its sales over the past year have reached $1.5 billion, according to Nielsen.

“We are focused on engaging with FDA, lawmakers, regulators, public health officials and advocates to drive awareness of our mission to improve the lives of the world’s one billion smokers and to combat underage use so we keep JUUL out of the hands of young people,” said Victoria Davis, a Juul spokeswoman, in an email to CNBC.

Note: This story has been updated to reflect an amendment Juul filed with regulators Tuesday correcting the amount it spent on lobbying in the third quarter. The correct amount is $560,000. This amendment was filed after CNBC reported on the company’s initial filing.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: angelica lavito, scott olson, getty images
Keywords: news, cnbc, companies, maker, boosts, regulators, filed, fda, lobbying, juul, ecigarette, spent, spending, quarter, cracks, according, company


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Procter & Gamble shares jump on earnings beat as beauty business boosts sales

Procter & Gamble shares jumped Friday after the company said beauty sales helped propel higher-than-expected revenue growth during the latest quarter. Sales of $16.69 billion were slightly more that $16.65 billion a year ago and ahead of the $16.46 billion expected by analysts. P&G said beauty net sales rose 5 percent during the latest quarter, while sales in its fabric and home-care division — P&G’s largest unit by sales — climbed 2 percent. P&G said it’s anticipating organic sales growth of 2


Procter & Gamble shares jumped Friday after the company said beauty sales helped propel higher-than-expected revenue growth during the latest quarter. Sales of $16.69 billion were slightly more that $16.65 billion a year ago and ahead of the $16.46 billion expected by analysts. P&G said beauty net sales rose 5 percent during the latest quarter, while sales in its fabric and home-care division — P&G’s largest unit by sales — climbed 2 percent. P&G said it’s anticipating organic sales growth of 2
Procter & Gamble shares jump on earnings beat as beauty business boosts sales Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: lauren thomas, laura galligan
Keywords: news, cnbc, companies, procter, jump, gamble, growth, beauty, cents, share, sales, business, shares, boosts, revenue, quarter, earnings, billion, analysts, beat


Procter & Gamble shares jump on earnings beat as beauty business boosts sales

Procter & Gamble shares jumped Friday after the company said beauty sales helped propel higher-than-expected revenue growth during the latest quarter. It also maintained its profit outlook for the full year.

Its stock climbed more than 7 percent in trading Friday. As of Thursday’s close, its shares had fallen about 11 percent this year, bringing P&G’s market cap to roughly $202 billion.

Here’s what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

* Earnings per share: $1.12, adjusted, vs. $1.09 expected

* Revenue: $16.69 billion vs. $16.46 billion expected

“This keeps us on track to deliver our top-and bottom-line targets for the fiscal year,” CEO David Taylor said in a statement.

Net income for the quarter ended Sept. 30 climbed about 12 percent to $3.20 billion, or $1.22 cents per share, from $2.85 billion, or $1.06 cents a share, a year ago. Excluding one-time items, P&G earned $1.12 cents a share, 3 cents ahead of analysts’ consensus.

Sales of $16.69 billion were slightly more that $16.65 billion a year ago and ahead of the $16.46 billion expected by analysts. It reported organic sales growth, which strips out the impact of currency and other adjustments, of 4 percent, better than expectations for an increase of 1.6 percent and fueled by growth in its beauty division. The company owns major brands in this category, including Pantene shampoo and Old Spice deodorant.

“There isn’t a piece of beauty that isn’t growing right now,” CFO Jon Moeller said on the company’s earnings call.

P&G said beauty net sales rose 5 percent during the latest quarter, while sales in its fabric and home-care division — P&G’s largest unit by sales — climbed 2 percent. That helped offset net sales declines of 1 percent in the grooming category, a drop of 3 percent in health care, and a 3 percent decline in baby, feminine and family care.

The maker of everyday household goods like Tide laundry detergent, Crest toothpaste and Charmin toilet paper has been defending its market share against heightened competition from private-label brands and upstart companies such as Brandless, Harry’s and Dollar Shave Club. Its Gillette razor brand has struggled as new entrants have entered the space and slashed prices.

P&G’s profit margins have also been squeezed, hurt by rising commodity costs, shipping expenses and foreign exchange rates. Moeller told analysts that P&G will need to raise prices in the coming quarters to offset these cost pressures.

“These are costs retailers understand. They face the same issues,” he said.

During an appearance on CNBC’s “Squawk Box” on Friday, Moeller said, “We expect the revenue progress we are making and the bottom-line progress to hold up. There is a very strong underlying economy and we are seeing — despite some of that angst that exists — increases in the rate of market growth, which you expect with the unemployment situation and eventually the wage situation increasingly significantly.”

P&G said it’s anticipating organic sales growth of 2 to 3 percent for fiscal 2019. It expects core earnings per share to rise 3 to 8 percent, up from 2018 core earnings per share of $4.22.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: lauren thomas, laura galligan
Keywords: news, cnbc, companies, procter, jump, gamble, growth, beauty, cents, share, sales, business, shares, boosts, revenue, quarter, earnings, billion, analysts, beat


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Texas Senate race: Trump hits Beto O’Rourke, boosts Ted Cruz

President Donald Trump tried to stoke fears of socialism Friday as he bashed Rep. Beto O’Rourke, the Democrat pushing to upset Republican Sen. Ted Cruz in red Texas. Ahead of his Monday visit to Houston, Trump called the 46-year-old representative a “total lightweight compared to Ted Cruz” who “comes nowhere near representing the values and desires” of Texans. The tweet comes as O’Rourke has forced Republicans to work harder than they typically do in statewide Texas races. But the GOP has repeat


President Donald Trump tried to stoke fears of socialism Friday as he bashed Rep. Beto O’Rourke, the Democrat pushing to upset Republican Sen. Ted Cruz in red Texas. Ahead of his Monday visit to Houston, Trump called the 46-year-old representative a “total lightweight compared to Ted Cruz” who “comes nowhere near representing the values and desires” of Texans. The tweet comes as O’Rourke has forced Republicans to work harder than they typically do in statewide Texas races. But the GOP has repeat
Texas Senate race: Trump hits Beto O’Rourke, boosts Ted Cruz Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: jacob pramuk, al drago, cq roll call, getty images
Keywords: news, cnbc, companies, gop, boosts, trump, democrat, hits, senate, race, statewide, texas, orourke, beto, democrats, ted, cruz


Texas Senate race: Trump hits Beto O'Rourke, boosts Ted Cruz

President Donald Trump tried to stoke fears of socialism Friday as he bashed Rep. Beto O’Rourke, the Democrat pushing to upset Republican Sen. Ted Cruz in red Texas.

Ahead of his Monday visit to Houston, Trump called the 46-year-old representative a “total lightweight compared to Ted Cruz” who “comes nowhere near representing the values and desires” of Texans. He suggested O’Rourke wants to “turn Texas into Venezuela” — deploying rhetoric he has used in an attempt to portray Democrats as dangerous leftists as the GOP tries to defend its congressional majorities on Nov. 6.

The tweet comes as O’Rourke has forced Republicans to work harder than they typically do in statewide Texas races. The Democrat, who has harnessed his party’s energy and smashed Senate fundraising records with a $38 million haul in the third quarter, would shake up the battle for control of the Senate if he shocked Cruz next month.

O’Rourke’s campaign did not immediately respond to a request for comment.

O’Rourke has gone no further left than a typical American Democrat. He has advocated for policies such as Medicaid expansion, tighter background checks for gun sales and a path to citizenship for young immigrants brought to the U.S. illegally as children. But the GOP has repeatedly cast him as too liberal for the state, which Trump carried by about 9 percentage points in 2016. Democrats have not won a statewide race there in more than 20 years.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: jacob pramuk, al drago, cq roll call, getty images
Keywords: news, cnbc, companies, gop, boosts, trump, democrat, hits, senate, race, statewide, texas, orourke, beto, democrats, ted, cruz


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Ford boosts production of its $400,000 GT supercar as demand outpaces supply six-to-one

Ford is boosting the limited production of its $400,000 GT supercar to keep up with demand, the company said Thursday. The Ford GT is the automaker’s answer to high-performance sports cars from companies such as Lamborghini, Ferrari, Porsche, McLaren and others. Orders have been outpacing supply, prompting Ford to up production from the 1,000 GTs it originally planned to make in 2016 to 1,350. “The response to our Ford GT has been unprecedented, with initial demand outstripping supply by more th


Ford is boosting the limited production of its $400,000 GT supercar to keep up with demand, the company said Thursday. The Ford GT is the automaker’s answer to high-performance sports cars from companies such as Lamborghini, Ferrari, Porsche, McLaren and others. Orders have been outpacing supply, prompting Ford to up production from the 1,000 GTs it originally planned to make in 2016 to 1,350. “The response to our Ford GT has been unprecedented, with initial demand outstripping supply by more th
Ford boosts production of its $400,000 GT supercar as demand outpaces supply six-to-one Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: robert ferris, source, ford motor co
Keywords: news, cnbc, companies, extending, gt, production, limited, sixtoone, supercar, ford, outpaces, company, demand, 400000, unprecedented, boosts, supply


Ford boosts production of its $400,000 GT supercar as demand outpaces supply six-to-one

Ford is boosting the limited production of its $400,000 GT supercar to keep up with demand, the company said Thursday.

The Ford GT is the automaker’s answer to high-performance sports cars from companies such as Lamborghini, Ferrari, Porsche, McLaren and others.

Orders have been outpacing supply, prompting Ford to up production from the 1,000 GTs it originally planned to make in 2016 to 1,350. The company is also extending its production deadline from 2020 to 2022.

“The response to our Ford GT has been unprecedented, with initial demand outstripping supply by more than six-to-one,” said Hermann Salenbauch, director of Ford Performance. “By extending the Ford GT production run for a limited period, we’re able to maintain the exclusivity of the ultra-desirable supercar while offering the ownership experience to a greater number of customers.”


Company: cnbc, Activity: cnbc, Date: 2018-10-18  Authors: robert ferris, source, ford motor co
Keywords: news, cnbc, companies, extending, gt, production, limited, sixtoone, supercar, ford, outpaces, company, demand, 400000, unprecedented, boosts, supply


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Gold nudges down as strong US data boosts rate rise view

Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year, but a weaker dollar curbed losses. The marginal decline came even as Wall Street suffered its worst drubbing in eight months. “Rising interest rates is not good news for gold. Asian share markets, meanwhile, sank on Thursday following steep falls on Wall Street. U.S. President Donald Trump said Wednesday’s stock market sell-off was a long-awaited “cor


Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year, but a weaker dollar curbed losses. The marginal decline came even as Wall Street suffered its worst drubbing in eight months. “Rising interest rates is not good news for gold. Asian share markets, meanwhile, sank on Thursday following steep falls on Wall Street. U.S. President Donald Trump said Wednesday’s stock market sell-off was a long-awaited “cor
Gold nudges down as strong US data boosts rate rise view Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11
Keywords: news, cnbc, companies, strong, rise, street, wall, view, data, selloff, interest, ounce, gold, rates, prices, rate, dollar, rose, nudges, boosts


Gold nudges down as strong US data boosts rate rise view

Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year, but a weaker dollar curbed losses.

The marginal decline came even as Wall Street suffered its worst drubbing in eight months.

Spot gold was down 0.2 percent at $1,192.58 an ounce at 0430 GMT.

U.S. gold futures edged up 0.2 percent to $1,195.90 an ounce.

“Rising interest rates is not good news for gold. People are preferring U.S. Treasury bonds as they are more attractive in the current environment over gold, despite the sell-off in equities,” said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong.

Data on U.S. producer prices, which rose in September after declining the previous month, and a revision to wholesale inventory estimates for August, added to a hawkish outlook on interest rates.

“The Fed is expected to raise interest rates in December but we are not sure about the future hikes as we have to see how the trade war will affect the U.S. economy. The upcoming mid-term elections in U.S. will also be very crucial,” Leung said.

The Fed can likely stop raising U.S. interest rates once they reach about 3 percent, as long as inflation remains around 2 percent and the economy is doing well, Chicago Federal Reserve President Charles Evans suggested on Wednesday.

Asian share markets, meanwhile, sank on Thursday following steep falls on Wall Street. U.S. President Donald Trump said Wednesday’s stock market sell-off was a long-awaited “correction,” and the Federal Reserve, which has been raising U.S. interest rates, had gone “crazy”.

“The sentiment that we have seen this morning with the Wall Street and Asian markets tanking is a chance for gold prices to reintroduce as a safe haven again, especially at this time of poor risk appetite,” OCBC analyst Barnabas Gan said.

“That is something investors will be looking at very closely if the dollar falls further.”

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.3 percent.

Spot gold may break a resistance at $1,195 per ounce and edge up to the next resistance at $1,200, as it has temporarily bottomed around a support at $1,182, according to Reuters technical analyst Wang Tao.

Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 1.21 percent to 738.99 tonnes on Wednesday, for its first gains since July.

Meanwhile, spot silver was flat at $14.26 an ounce and palladium was little changed at $1,067.24. Platinum slipped 0.9 percent to $811.49 an ounce.


Company: cnbc, Activity: cnbc, Date: 2018-10-11
Keywords: news, cnbc, companies, strong, rise, street, wall, view, data, selloff, interest, ounce, gold, rates, prices, rate, dollar, rose, nudges, boosts


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