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J.P. Morgan economists slash their outlook for second-quarter growth to just 1% from a previous 2.25%. The economists also change their view that the Fed’s next move was an interest … Read more
From Zero Hedge With the entire US agriculture sector facing a 1980s style farm crisis downturn and record debt levels, demand for new tractors is set to collapse as farmers hang … Read more
www.bloomberg.com/news/articles/2019-05-21/tesla-bear-case-price-cut-to-10-at-morgan-stanley-on-weak-sales MORGAN STANLEY: lowers its “bear case” on $TSLA to $10. pic.twitter.com/C0Ffug1ATx — Carl Quintanilla (@carlquintanilla) May 21, 2019 Ouch. Certainly seems to have hit the stock price a bit … Read more
By Tsvetana Paraskova Funds managed by T. Rowe Price, which was until recently the second-largest shareholder in Tesla after Elon Musk, significantly cut their holdings in the electric vehicle (EV) … Read more
via theguardian: An email shared with the Guardian by a Whole Foods employee cites the shift cuts as a ‘direct result of guidance from our regional team’ In response to public … Read more
by timeinthemarket CNBC: Kraft Heinz slashes dividend, discloses SEC subpoena — stock tanks Kraft Heinz disclosed it has received a subpoena from the SEC as part of an investigation into the … Read more
GM beats Street on top and bottom line, cuts full year earnings forecast from CNBC. General Motors shares tumbled Wednesday after the largest U.S. automaker cut its profit outlook for the … Read more