Monday, 30 October 2017

GM unplugged: Wall Street skeptical of electric plans

Goldman Sachs downgraded General Motors to a rare "sell" rating Monday. The investment bank thinks investors have gotten too excited about the company's electric plans and that consumers won't rush to buy pricey new plug-in cars.
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
GM unplugged: Wall Street skeptical of electric plans
Goldman Sachs downgraded General Motors to a rare "sell" rating Monday. The investment bank thinks investors have gotten too excited about the company's electric plans and that consumers won't rush to buy pricey new plug-in cars. Read more »
 
Spanish stocks gain 2.5% as Madrid asserts control over Catalonia
The Ibex 35 added 2.5% after Madrid moved to assert its authority over the wealthy region of Catalonia. Read more »
 
Trump tax reveal to set off 'corporate hunger games'
President Trump's push to overhaul the U.S. tax system is about to face its biggest test yet. Read more »
 
The company that owns Corona is getting into the pot business
Constellation Brands is buying a 10% stake in a Canadian company that plans to get into recreational pot. Read more »
 
The Switch is powering Nintendo toward a $1 billion profit
The Japanese video game maker has nearly doubled its profit forecast and ramped up the number of Switch consoles it expects to sell. Read more »
 
Is now really the time for massive tax cuts?
America's economy and labor market look quite healthy right now. But President Trump is demanding very expensive surgery anyway. Read more »
 
 
 
 
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