Ford’s Electric Mustang Mach-E Is Terrible News for Tesla

Ford’s new Mustang Mach-E is positioned against the Tesla Model Y. Both cars have similar features, but Ford enjoys a huge price advantage. The arrival of competitors threatens the profitability of Tesla. Elon Musk has never been afraid of competition. In fact, he has stated on multiple occasions that the mission of Tesla is “to […] The post Ford’s Electric Mustang Mach-E Is Terrible News for Tesla appeared first on CCN.com

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McDonald’s Stock Doubled in 4 Years Under Fired ‘Lovin’ it’ CEO

McDonald’s stock is up 10% this year after hitting an all-time high in August. Steve Easterbrook’s exit will not lead to a change of strategy according to the incoming CEO. The fast-food chain prohibits even consensual relationships between executives and their juniors. Outgoing McDonald’s (NYSE: MCD) CEO Steve Easterbrook may have paid the ultimate price […] The post McDonald’s Stock Doubled in 4 Years Under Fired ‘Lovin’ it’ CEO appeared first on CCN.com

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Jeff Bezos Dethroned as World’s Richest Person After Amazon Plummets

Amazon stock is getting bludgeoned following a downbeat earnings report. In Thursday after-hours trading, the stock dropped as much as 10%, making for one of its worst earnings losses in years: And with Amazon’s latest stumble, that means another thing: Microsoft’s amazing year continues. Last month, it unexpectedly became the world’s most valuable company, dethroning […] The post Jeff Bezos Dethroned as World’s Richest Person After Amazon Plummets appeared first on CCN.com

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With M&A Ahead, These 5 Bank Stocks Could Be Takeover Targets

According to McKinsey & Co, bank stocks are in a precarious position. The consulting firm said it believes that more than half of the world’s banks are unlikely to survive an economic downturn, as their costs have begun to outpace returns on equity. The firm pointed to rising competition for customers, as fintech gains momentum […] The post With M&A Ahead, These 5 Bank Stocks Could Be Takeover Targets appeared first on CCN.com

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Apple’s Big Blunder Is Crippling the iPhone 11 in China

Apple’s struggles in China are no secret. Cupertino has been grappling with declining sales in this key smartphone market, where retailers have been forced to offer deep discounts in a bid to move their stocks. So Tim Cook and company decided to reduce the price of the entry-level iPhone 11 to $699 in a bid […] The post Apple’s Big Blunder Is Crippling the iPhone 11 in China appeared first on CCN.com

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