• Morning News: October 29, 2018

    5 monthes ago - By Crossing Wall Street

    Australia Is the Latest Country Whose Banks are Planning to Abandon London as Brexit Looms
    China Regulator Proposes 50% Cut to Car Purchase Tax
    Many U.S. Firms in China Eyeing Relocation as Trade War Bites
    IBM and Red Hat Are Much Better Together
    Walmart's Warehouse Chain Tries to Get High-Tech With Test Store
    Another Crisis At GE?
    Chinese Liquor Maker's Earnings Make Investors Queasy
    Guess What? Everyone Was Wrong About Tesla
    Sunrun Gives Tesla a Fight in the Home Solar Business
    To Make More Ram Trucks, Fiat Chrysler Reconsiders Mexico
    China's OnePlus, Backed by Qualcomm and T-Mobile...
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  • U.S. autos rise on report China proposes slashing car purchase tax

    5 monthes ago - By Reuters

    Shares of U.S. automakers rose on Monday after a report that China was considering halving its car purchase tax to 5 percent to support its struggling auto industry, which has been hit hard by the ongoing Sino-U.S. trade war.
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  • What To Expect From Ford After Solid Q3

    5 monthes ago - By Forbes

    Ford Motors reported its third-quarter results after the market closed on October 24 and has seen a surge in its stock price the day after. Having generated $678 million in earnings before tax in this quarter, the best in the last 7 quarters, Ford's higher-than-expected earnings has...
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  • Auto stocks are surging after report says China is considering a 50% auto tax cut

    Auto stocks are surging after report says China is considering a 50% auto tax cut

    5 monthes ago - By Business Insider

    Chinese regulators are considering a 50% tax cut on the nation's auto tax, according to Bloomberg.
    The measure would apply to cars with engines no bigger than 1.6 liters.
    The tax cut would help revive China's auto industry, which has been damaged by an ongoing trade war.
    Watch General Motors , Ford Motor , Daimler , Volkswagen and BMW trade live.
    Auto stocks are gaining ground Monday after a report said China is considering cutting the tax levied on car purchases by half to revive its flagging automotive market.
    The National Development and Reform Commission, China's top economic-planning...
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