ismagilov/Getty, Yellow duck/Getty, Tyler Le/BIInvestors should snap up value stocks in three specific sectors, Bank of America said.The firm says they’re poised to outperform as the Fed cuts rates while corporate profits are still accelerating.US stock-strategy chief Savita Subramanian refers to the situation as a “rare double whammy of stimulus.”The Federal Reserve doesn’t usually cut rates while corporate profits are still growing. But that’s the situation we’re seeing now, which Bank of America sees creating a unique opportunity for investors.Savita Subramanian, BofA’s head of US equity and strategy, described the situation as a “rare double whammy of stimulus.” And in…
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BMW is poised to introduce its inaugural Neue Klasse model, the iX3, in 2025. Production is slated to commence in July 2025 for the 2026 model year at BMW Group Plant Debrecen. The electric X3 will be accompanied by an electric 3 Series, marketed as the i3. The compact executive sedan is codenamed NA0, while the longroof is rumored to be NA1. Pixel artist Sugar Design has crafted three renderings of the i3 Touring, one of which incorporates the angled lights from the Vision Neue Klasse concept. The Vision Neue Klasse concept, revealed at the IAA Mobility 2023 International Motor…
Tesla’s Cybertruck Foundation Series package originally included an off-road light bar, as depicted in promotional images. However, recent revelations about the installation process have caused significant controversy among owners. The light bar is permanently attached to the windshield, making removal difficult or impossible. This unexpected decision has led to widespread criticism and frustration within the Cybertruck community. Many owners were initially excited about the inclusion of the light bar, as it was seen as a valuable addition to the vehicle’s off road capabilities. However, the permanent nature of the installation has raised concerns about its practicality and flexibility. Tesla Faces…
TOKYO (Reuters) – Shigeru Ishiba was set to be voted in by parliament as Japan’s next prime minister on Tuesday and unveil his cabinet as he seeks to heal party divisions and prepare for an Oct. 27 election. The 67-year-old former defence minister, who won a close-fought contest to lead the ruling Liberal Democratic Party last week, is virtually assured of being formerly designated premier due to his party’s majority in parliament. The result of the vote is expected around 1:40 p.m. (0440 GMT) which will then be followed by the Emperor formally appointing Ishiba, and his cabinet, in a…
The Phoenix, a sports car that looked like a smaller C3 Corvette, was born from a dream. Equipped with a rear-mounted, air cooled flat six engine and a fully independent suspension system, it was developed years after the Porsche 911, aiming to dethrone the Chevrolet Corvette. However, government regulations ultimately hindered its potential. John Fitch, the man behind the Phoenix, was a legendary racing driver with a successful European career. He had a passion for building high-performance cars that excelled both on the road and the track. The Phoenix was his ambitious project to take the Corvair to a whole…
The Volkswagen Polo, a beloved subcompact hatchback with a 40-year history, has fallen victim to the growing popularity of electric crossovers. In a move that marks the end of an era, the automaker ceased production of the Polo in Europe this July, with the final model rolling off the assembly line in Pamplona, Spain. This decision was primarily driven by declining sales figures, as consumers increasingly opted for more versatile and spacious electric vehicles. Despite its enduring popularity and significance to the Volkswagen brand, the Polo struggled to compete in the European market against the surge of electric crossovers. While…
KARIYA, JAPAN, Oct 1, 2024 – (JCN Newswire) – – DENSO (OTC:) CORPORATION and ROHM Co., Ltd. hereby announce that the two companies have agreed to start consideration of strategic partnership in the semiconductor field. As the development and spread of electric vehicles accelerate toward the realization of carbon neutrality, the demand for electronic components and semiconductors required for electrification of vehicles is rapidly increasing. In addition, semiconductors are becoming increasingly important as products that support the intelligence of vehicles, such as automated driving and connectivity which are expected to contribute to eliminating fatalities in traffic accidents, and are essential…
Beta Technologies has achieved significant strides in both eVTOL aircraft and electric charging infrastructure. The company’s recent installation of multi modal chargers at three Florida airports, Tallahassee International, Gainesville Regional, and Bob Sikes, represents a pivotal moment in the advancement of Advanced Air Mobility. With over 30 chargers now operational across the US, Beta has rapidly expanded its network of charging solutions for electric aircraft and vehicles. This rapid growth began with the installation of the first electric aircraft charging station in Massachusetts at Marshfield Municipal Airport, followed by the Montgomery Regional Airport in Alabama. Beta Technologies Expands eVTOL Charging…
(Reuters) -PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.Texas-based Siete Foods is owned by the Garza family and operated by all seven of its members.A deal for the closely held Siete Foods could be announced soon unless the talks fall apart, the report said.The sale process for the business has been competitive, with the company drawing takeover interest from private-equity firms and other food companies, some of the people familiar with the matter told the Wall Street Journal.PepsiCo declined…
Kia’s Tasman pickup truck has returned to the forefront after a brief period of silence. The rugged off-roader has been subjected to rigorous testing in the scorching desert heat of Al Qudra, United Arab Emirates, during its latest evaluation phase. The pre production prototype has undergone a series of comprehensive tests to ensure its durability and performance in challenging terrain. With over 18,000 rounds of evaluation and nearly 2,000 specific tests, the Tasman is poised to be a true off roading powerhouse. Kia Tasman Pickup Truck: Rugged Off Road Performer Ready to Challenge Rivals (Youtube / Kia Worldwide) Its robust…