Wells Fargo moved its rating to underweight for the two automakers, citing rising costs for electric vehicles.
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Wells Fargo double downgrades Ford and GM, says 2022 could be ‘peak profits’ for legacy automakers
Business
How retail accounting could distort profitability as tariffs take effect
As more tariffs take effect on goods imported into the U.S., a specific accounting method could have major implications for how American retailers calculate the impact. A tariff adds to the cost of an imported item when it’s received and paid for when it crosses a border. While there’s debate over who pays that tariff — […]
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Business
Versant to rename MSNBC, drop famed peacock logos in Comcast separation
The brand logo for My Source News Opinion World Courtesy of Versant MSNBC will change its name later this year and drop the storied peacock image from its branding — the first real public-facing changes in Versant’s upcoming separation from Comcast’s NBCUniversal. The political news network will be renamed My Source News Opinion World, or […]
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Business
When ‘invest like the 1%’ fails: How Yieldstreet’s real estate bets left customers with massive losses
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his […]
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