(RTTNews) - Polestar Automotive Holding UK PLC (PSNY), a Swedish electric performance car brand, Friday reported higher car retail sales for the fourth quarter compared to the same period last year.
(RTTNews) - Polestar Automotive Holding UK PLC (PSNY), a Swedish electric performance car brand, Friday reported higher car retail sales for the fourth quarter compared to the same period last year.
Bonjour et Bienvenue to the Paris Edition. I’m Paris Bureau Chief Alan Katz . If you haven’t yet, subscribe now to the Paris Edition newsletter . Family Drama There are few things more scintillating in the world of business journalism than a juicy succession battle, and it looks like the one involving the once-secretive Castel family is shaping up to be a classic vintage. The fight pits a child an...
Bonjour et Bienvenue to the Paris Edition. I’m Paris Bureau Chief Alan Katz . If you haven’t yet, subscribe now to the Paris Edition newsletter . Family Drama There are few things more scintillating in the world of business journalism than a juicy succession battle, and it looks like the one involving the once-secretive Castel family is shaping up to be a classic vintage. The fight pits a child and a nephew of 99-year-old Pierre Castel against the tax lawyer turned chief executive of his eponymous firm. It winds from France and Africa — where the company has most of its wine and beer operations — through Switzerland, where the nonagenarian moved in 1981, to holding companies in Luxembourg and Singapore. The family lost the first round this week, my colleague Tara Patel reported, leaving CEO Gregory Clerc in place as a director of a key corporate entity in Singapore. The family members who tried to push out Clerc said they would convene another meeting “as soon as possible” after saying they’d been prevented from voting by the chairman of that holding company. Providing some additional fizz to the clash are a Swiss court ruling from a few years ago that Pierre Castel had evaded taxes as a longstanding resident in the country, and a current fiscal probe into the company by French authorities. But much of the satisfaction here comes from how the battle’s shedding some rare light into the opaque group’s operations. For about 70 years, Pierre Castel built his company as quietly and as far out of the limelight as he could. Now, information is finally trickling out — further evidence that the best revelations about family-controlled companies come from court cases and infighting. Of course the Castel Group isn’t France’s only such company with an aging founder or senior family member at the helm and unsettled plans for who will run their group after them. The most prominent one by far is LVMH and its 76-year-old founder Bernard Arnault. While Arnault has set up clear share...
Welcome to TOPLiveâs coverage of the US employment report for December. Join us at 8:15 a.m. New York time, 15 minutes before the data is due out, for the latest news, analysis and market reaction. A job fair in Sacramento, California. Photographer: David Paul Morris/Bloomberg
Welcome to TOPLiveâs coverage of the US employment report for December. Join us at 8:15 a.m. New York time, 15 minutes before the data is due out, for the latest news, analysis and market reaction. A job fair in Sacramento, California. Photographer: David Paul Morris/Bloomberg
Truist believes that Lockheed Martin's valuation remains attractive as the new year kicks off. The bank upgraded the aerospace and defense stock to buy from hold. Analyst Michael Ciarmoli's new price target of $605, up from $500, represents upside of 17% from Thursday's close. Lockheed Martin rose less than 11% over the past 12 months, lagging the S & P 500's 17% gain in the same period. Ciarmoli ...
Truist believes that Lockheed Martin's valuation remains attractive as the new year kicks off. The bank upgraded the aerospace and defense stock to buy from hold. Analyst Michael Ciarmoli's new price target of $605, up from $500, represents upside of 17% from Thursday's close. Lockheed Martin rose less than 11% over the past 12 months, lagging the S & P 500's 17% gain in the same period. Ciarmoli pointed to this underperformance, coupled with an attractive valuation, as factors that have created a compelling entry point and risk versus reward profile this year. LMT 1Y mountain LMT 1Y chart Lockheed shares trades at 17 times forward earnings, per FactSet. That's well below the S & P 500's multiple of 22. Lockheed's valuation is also lower than that of Northrop Grumman and RTX — which have price-to-earnings ratios of 20 and 27, respectively. "With a goal to cut overall government waste, costly weapons systems that were behind schedule, failed to meet capability and readiness needs, and that incurred excessive sustainment costs were squarely in the cross hairs. We believe that risk and overhang has subsided considering DOGE has largely been disbanded," he said. Ciarmoli's comments come after President Donald Trump called for a $1.5 trillion military budget for 2027, signaling more contracts could come Lockheed's way. While the risk from new entrants in the defense industry remains high, the analyst believes that Lockheed Martin's strong portfolio will enable it to continue to win its fair market share. Ciarmoli added that the company has a strong and sustainable competitive moat. "We also believe LMT's expertise and track record of success in exquisite systems provides a level of durability and a sustainable competitive advantage over new entrants," he added. Continued geopolitical tensions, alongside the desire to replenish inventories and modernize capabilities, will continue to drive demand for Lockheed Martin products higher, with the company already have several c...
2020年，比亚迪卖了42.6万台车，放到2025年，要排到小鹏之后。 短短5年，比亚迪的销量猛增到454.5万台，复合增长率高达60%。 可即便如此快速的增长，比亚迪仍然迎来了最具焦虑感的一年，不但没能完成业绩指标，还被吉利、上汽、奇瑞、长安等车企疯狂追赶。 这是2025年的一个真实写照，在激荡的竞争中，中国车企正在完成走向全球前的最后积累。 01 12月短暂回调 Business Data A...
2020年，比亚迪卖了42.6万台车，放到2025年，要排到小鹏之后。 短短5年，比亚迪的销量猛增到454.5万台，复合增长率高达60%。 可即便如此快速的增长，比亚迪仍然迎来了最具焦虑感的一年，不但没能完成业绩指标，还被吉利、上汽、奇瑞、长安等车企疯狂追赶。 这是2025年的一个真实写照，在激荡的竞争中，中国车企正在完成走向全球前的最后积累。 01 12月短暂回调 Business Data Analysis 政策鼓励还在延续。临近年末，多地仍然在追加汽车销售的补贴，广东、江苏、浙江、湖北、安徽、四川、山东等地进行了消费补贴，总金额超11亿元。 不过，经过长时间的狂奔，12月车企销量进入到短暂的盘整期。 多数厂商没能继续创新高，目前公布销量的15家中国车企，保持同比环比双增长的只有5家。其他都不出现了不同程度的波动。 平均销量出现下滑，在连续两个月销量破10万台后，12月平均销量降至94427台。造成这个数据下滑的关键在于第一第二梯队销量下滑。比亚迪、吉利新能源、上汽新能源、奇瑞新能源都出现了环比下滑。 此起彼伏，第三梯队企业在12月表现亮眼。华为鸿蒙、小米、蔚来、北汽创造新高，由于这些企业的强势，15家企业中位数达到60423台，比上月增加5220台。 第三梯队整体抬高了车企的销量门槛，整个第四季度，15家车企中，没有任何车企月销量低于3万台。 目前公布销量的29个品牌中，12个品牌创造了历史新高，以腰部和尾部品牌为主。极氪、腾势、长城魏牌和欧拉、北汽享界、蔚来萤火虫、极石汽车都创造了新的销量纪录。 头部品牌中，比亚迪王朝、海洋系列，吉利银河系列月销稳定破10万台。零跑、问界、小米、方程豹成为月销破5万台的品牌，5万+的品牌阵营从11月的5个，增加到7个。 12月，中央经济工作会议举行，2026年经济工作重点任务的第一条，便是坚持内需主导，建设强大国内市场。 会议明确了实施提振消费专项行动的预期，这预示着新能源汽车的消费刺激还将延续，这无疑是非常积极的信号。 12月31日，商务部等部门发布关于2026年汽车以旧换新补贴实施细则，明确参与申领2026年汽车报废更新补贴旧车的注册登记时间，相比2025年进一步扩大支持范围。 补贴力度依然在延续，车企在接下来依然有望延续这样的强势表现。 02 仅5车企完成指标 Business Data Analysis 随着12月销...
LW plans to close its Munro plant in Argentina, shift Latin America output to Mar del Plata and curb a Netherlands line to cut costs and boost efficiency.
LW plans to close its Munro plant in Argentina, shift Latin America output to Mar del Plata and curb a Netherlands line to cut costs and boost efficiency.
When mega-cap technology stocks dominate market returns, concentration risk becomes a concern. The First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) offers an alternative through equal-weight internet stocks, but investors need to understand the tradeoffs. An Equal-Weight Bet on Pure Internet Companies FDN tracks the Dow Jones Internet Composite Index and holds 42 internet-focused companies...
When mega-cap technology stocks dominate market returns, concentration risk becomes a concern. The First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) offers an alternative through equal-weight internet stocks, but investors need to understand the tradeoffs. An Equal-Weight Bet on Pure Internet Companies FDN tracks the Dow Jones Internet Composite Index and holds 42 internet-focused companies ... First Trust Has an ETF That Might Be Better Than the Nasdaq and QQQ
The global technology sector is on the cusp of a remarkable transformation, driven by significant advancements in artificial intelligence, quantum computing, and edge technologies. According to BCC Research, key markets including Edge AI, Generative AI, Quantum Computing, AI in Healthcare (specific to the MENA region), and AI in Food Safety and Quality Control are forecasted to experience over 30%...
The global technology sector is on the cusp of a remarkable transformation, driven by significant advancements in artificial intelligence, quantum computing, and edge technologies. According to BCC Research, key markets including Edge AI, Generative AI, Quantum Computing, AI in Healthcare (specific to the MENA region), and AI in Food Safety and Quality Control are forecasted to experience over 30% compound annual growth rates (CAGR) through 2030. This growth is fueled by increasing investment...