Tesla and Ford attract new investments from George Soros’ fund

Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more

Tesla and Ford attract new investments from Soros’ fund

Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more

Rivian Losses Nearly Triple to $1.7 Billion

Rivian Automotive Inc. reported net loss in the second quarter nearly tripled to $1.7 billion, further pressured the electric vehicle startup to save money and act quickly to fulfill customer orders. The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first … Read more

Markets are extrapolating from one release to another. These are low-cost stocks that deliver long-term returns, say these fund managers

Wow, that was a bit scary: US consumer price growth slowed to 0% in July, the Labor Department reported Wednesday. Core price growth slowed to 0.3%, which was lower than expected. In the past 12 months, prices have risen by 8.5%, also below forecast. The soft reading appears to justify the 13% rally in the … Read more

GM is government engines again

General engines Director Mary Barra apparently learned from rival Elon Musk of Tesla that the first key to success in the electric vehicle sector is to lubricate the political system for government handouts. She appeared at a White House event last Thursday to promote the Inflation Reduction Act, the Senate Democrats’ tax and spending bill, … Read more

AMC aims for huge debt burden with special dividend ‘APE’

AMC Entertainment Holdings Inc. surprised Wall Street with the announcement of the special “APE” dividend after the market closed on Thursday. This is, of course, a company that is no stranger to bold moves, as evidenced by the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, -5.37% earlier … Read more

AMC Entertainment plans ‘APE’ preferred stock dividend. Shares slide after profit.

AMC entertainment is finally giving the “monkeys” what they want. The cinema company linked its second-quarter earnings report with news that it is giving shareholders a special dividend from AMC Preferred Equity Units. AMC’s preferred stock will begin trading Aug. 22 on the New York Stock Exchange under the ticker “APE.” AMC (ticker: AMC) said … Read more

Share Ford Motor Co. rising Friday, better than market

Shares of Ford Motor Co. F, +4.93% rose 4.93% to $14.69 Friday in what turned out to be an all-encompassing positive trading session for the stock market, with the S&P 500 Index SPX, +1.42% up 1.42% to 4,130.29 and the Dow Jones Industrial Average DJIA, +0.97% an increase of 0.97% to 32,845.13. This was the … Read more

General Motors income drops 40% due to loss in China, shortage of parts

Updated July 26, 2022 1:27 PM ET Listen to article (1 minute) General engines net profit fell 40% in the second quarter due to a loss in China and supply chain problems that left the company with tens of thousands of unfinished vehicles that it was unable to sell during the period. GM executives confirmed … Read more

This robot-driven macro fund outperforms its competitors. Here’s the good and bad news it has for markets.

The Deuterium Global Dynamic Allocation Fund is what its fund managers like to say is a glass, rather than a black box. It is built around a macroeconomic model that predicts a large number of economic variables in multiple countries, then combined with separate models for central bank policies, market valuation and price trends. What … Read more