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☆ Tesla shares drop after deliveries report raises investor concern that more price cuts are coming
▼ + stars: | 2023-04-03 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Tesla shares fell more than 7% on Monday after the company's quarterly deliveries report led some investors to worry that more price cuts will be needed to drive sales, eating into margins. The record numbers represented 4% growth in deliveries from the prior period and followed repeated price cuts in the U.S., China and Europe. Sacconaghi said, "The key question for investors is what might margins be, amid significant price cuts but improving commodity costs?" According to FactSet, analyst were expecting Tesla to report deliveries of around 432,000 vehicles for the quarter. He wrote that "incremental price cuts likely needed," especially as the company ramps up production at new factories in Austin, Texas, and outside of Berlin.

☆ German inflation expected to ease significantly in March
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

BERLIN, March 30 (Reuters) - Inflation is expected to ease significantly in Germany in March on the back of lower energy prices, preliminary data from six economically key states in the country showed on Thursday. The inflation rate in Brandenburg and Baden-Wuerttemberg fell to 7.8% year-on-year. In February, inflation rates for the six states had been between 8.3% and 9.2%. "It will directly raise inflation as local authorities will have to hike rubbish administrative fees and health insurers raise contribution rates to pay for the higher costs." While headline inflation slackens, core inflation - excluding energy and food - is expected to remain high.

The fact that Charles had picked France and Germany for his first state visit, even before his coronation in May, was an important "European gesture", said German President Frank-Walter Steinmeier, who greeted Charles and his wife Queen Consort Camilla in Berlin. "Today, exactly six years after Britain started its exit from the European Union, we are opening a new chapter in our relations," Steinmeier said. [1/14] Britain's King Charles III and German President Frank-Walter Steinmeier review an honor guard during a ceremonial welcome at Brandenburg Gate in Berlin, on March 29, 2023. Steinmeier said he had invited Charles to visit Germany at Elizabeth's funeral last September. However, any warmer relations with Europe brought about by the visit could cool if other post-Brexit issues flare up.

[1/2] Britain's King Charles and Queen Camilla leave after their visit to the Bolton Town Hall, in Bolton, Britain January 20, 2023. Steinmeier, said it was an important "European gesture" that Charles had chosen France and Germany for his first state visit, even before his coronation in May. Steinmeier said he had extended an invitation to Charles, who has traveled to Germany more than 40 times, at the funeral of his mother last September. However, any warmer relations with Europe brought about by the visit could cool quickly if other post-Brexit issues flare up. Macron has suggested Charles' visit to France could be rescheduled for the summer.

BERLIN, March 26 (Reuters) - Berlin votes on Sunday on making the city climate neutral by 2030, in a binding referendum that will force the new conservative local government to invest heavily in renewable energy, building efficiency and public transportation. "At the moment, climate policy is simply not sufficient to ensure a future worth living in our city," Jessamine Davis, a spokesperson for Climate New Start Berlin, told Reuters. "The new version will automatically apply if Berlin population votes if favour," Davis said. According to the initiative organizers, around 455,000 Berliners have requested to cast their votes via mail so far. In addition to a majority of positive votes, the initiative needs at least 608,000 "Yes" votes to make the results binding.

☆ Israel's Netanyahu met by protests on London visit
▼ + stars: | 2023-03-24 | by ( Muvija M | ) www.reuters.com time to read: +2 min

[1/4] Demonstrators protest against Israeli Prime Minister Benjamin Netanyahu during his visit to Britain, in London, Britain March 24, 2023. Netanyahu shook hands with British Prime Minister Rishi Sunak on the steps of Downing Street while nearby protesters held up Israeli flags and shouted "Netanyahu go to jail, you can't speak for Israel". "We're here to protest against Netanyahu, to protest against his attacks on democracy," said Amnon Cohn, who described himself as an Israeli living in London since 2005. Outside Downing Street protesters, surrounded by British police and restricted by metal barricades, waved signs saying "You can't enjoy a weekend in London when you're bringing down a democracy!". "We are more determined than Bibi is," said Liron Rosiner Reshef, an Israeli-born protester in London using a popular nickname for Netanyahu.

[1/4] Demonstrators protest against Israeli Prime Minister Benjamin Netanyahu during his visit to Britain, in London, Britain March 24, 2023. Netanyahu invited Sunak for an official visit to Israel, the Israeli statement said. 'WE'RE HERE TO PROTEST'In London protesters wanted to talk about Netanyahu's move on the judiciary, which has caused fear at home and abroad for the country's democratic checks and balances. "We're here to protest against Netanyahu, to protest against his attacks on democracy," said Amnon Cohn, who described himself as an Israeli living in London since 2005. "We are more determined than Bibi is," said Liron Rosiner Reshef, an Israeli-born protester in London, using a popular nickname for Netanyahu.

Speaking alongside Netanyahu after talks in Berlin, Scholz said he hoped that a compromise on the reforms suggested by Israel's President Isaac Herzog was not off the table. Netanyahu visited Germany while protests erupted once again in Israel over the reforms by his far-right government that have triggered mass unrest in recent weeks. Netanyahu called criticism of the plans "absurd", assuring Scholz that "Israel will remain a liberal democracy". Netanyahu wanted the meeting with Scholz to focus on efforts to prevent Iran from obtaining nuclear weapons. Netanyahu, who is on trial for corruption charges that he denies, says the judicial changes will strengthen democracy and boost business.

Schwedt has traditionally supplied 90% of the gasoline, diesel, jet fuel and fuel oil used in Germany's capital city. Moscow last month retaliated against their bilateral efforts by halting oil flows to Poland via the Druzhba pipeline, thereby squeezing Poland’s ability to free up oil for Schwedt. Polish state-controlled refiner PKN Orlen now needs to use more capacity at the Gdansk oil terminal to feed its own Plock refinery. ROSNEFT STAKEGermany and Poland started discussions about shipping non-Russian oil to Schwedt via the port of Gdansk, Polish pipelines and Druzhba in early spring 2022. KEBCOIn a move that further complicated talks with Poland, Germany late last year approached Kazakhstan about supplies for Schwedt, sparking new concerns in Warsaw.

☆ Germany reports another African swine fever case in farm pigs
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

HAMBURG, Feb 28 (Reuters) - Another case of African swine fever (ASF) has been confirmed in farm pigs in east Germany, authorities said on Tuesday. It was reported on a small farm with 11 animals in the eastern state of Brandenburg, the state's health ministry said. Wild boar coming into Germany from Poland were believed to have spread the disease to Germany, especially in the eastern states of Brandenburg and Saxony. The German government has been seeking to contain and eradicate ASF in the east partly by reducing the wild boar population. But the country’s large numbers of wild boar, which move over great distances, has made containment difficult.

☆ Stocks close slightly up after prior week's selloff
▼ + stars: | 2023-02-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs. Stocks steadily gave up gains throughout the session as U.S. Treasury yields moved off the day's lows. Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq, a 1.41-to-1 ratio favored advancers. The S&P 500 posted 4 new 52-week highs and 8 new lows; the Nasdaq Composite recorded 71 new highs and 102 new lows.

☆ Wall Street bounces modestly after prior week's selloff
▼ + stars: | 2023-02-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Each of the three main indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields. The yield on two-year Treasury notes , which typically moves in step with interest rate expectations, slipped after touching a near four-month high. Seagen Inc (SGEN.O) surged 9.73% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm. Advancing issues outnumbered declining ones on the NYSE by a 2.30-to-1 ratio; on Nasdaq, a 1.66-to-1 ratio favored advancers. The S&P 500 posted four new 52-week highs and five new lows; the Nasdaq Composite recorded 58 new highs and 82 new lows.

☆ Wall Street edges higher after last week's rout
▼ + stars: | 2023-02-27 | by ( Sruthi Shankar | ) www.reuters.com time to read: +4 min

"Some relatively significant losses last week is the starting point," said Art Hogan, chief market strategist at B Riley Wealth. "Also, when you look at the drivers last week, better-than-expected economic data pushed yields higher. The yield on two-year Treasury notes , the most sensitive to short-term rate expectations, slipped after touching a near four-month high earlier. Seagen Inc (SGEN.O) surged 10.5% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm. The S&P index recorded three new 52-week highs and three new lows, while the Nasdaq recorded 51 new highs and 64 new lows.

☆ Wall Street climbs after worst weekly selloff of 2023
▼ + stars: | 2023-02-27 | by ( Sruthi Shankar | ) www.reuters.com time to read: +4 min

"February historically is the second worst month of the year for the stock market. So investors are concluding from a seasonal perspective that maybe stocks could rally at least in the near term." The yield on two-year notes , the most sensitive to short-term rate expectations, slipped after touching a near four-month high earlier in the session. After last week's hawkish comments from the Fed policymakers, investors will turn to Fed Governor Philip Jefferson's speech later in the day. Seagen Inc (SGEN.O) surged 12.2% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm.

☆ Wall Street set for opening gains after sharp weekly losses
▼ + stars: | 2023-02-27 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

Futures pointed to a recovery in sentiment on Monday as U.S. Treasury yields slipped after a strong rally. Rate-sensitive growth stocks such as Apple Inc (AAPL.O) and Amazon.com Inc (AMZN.O) climbed in premarket trading. So investors are concluding from a seasonal perspective that maybe stocks could rally at least in the near term." After last week's hawkish comments from the Fed policymakers, investors will turn to Fed Governor Philip Jefferson's speech later in the day. Seagen Inc (SGEN.O) surged 13.2% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm.

☆ Futures rise after Wall Street's worst weekly rout of 2023
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.41%, S&P 0.46%, Nasdaq 0.53%Feb 27 (Reuters) - Futures tracking the main U.S. indexes rose on Monday after Wall Street posted its worst weekly performance of 2023 on fears that the Federal Reserve would keep raising rates this year. Futures pointed to a slight recovery in market sentiment on Monday as some of the rate-sensitive growth stocks rose in premarket trading. ET, Dow e-minis were up 135 points, or 0.41%, S&P 500 e-minis were up 18.25 points, or 0.46%, and Nasdaq 100 e-minis were up 64 points, or 0.53%. Seagen Inc (SGEN.O) surged 14.9% after the Wall Street Journal reported that Pfizer (PFE.N) was in early talks to acquire the biotech firm. Reporting by Sruthi Shankar in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's German plant hits 4,000 cars per week ahead of schedule
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowBERLIN, Feb 27 (Reuters) - Tesla's (TSLA.O) plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, three weeks ahead of schedule according to a recent production plan reviewed by Reuters. Tesla was planning to ramp up output from Brandenburg to 4,000 in the week of March 13 and to more than 5,000 by the end of June. It hit production of 2,000 units per week in October last year and 3,000 per week in December. The maximum capacity planned for the Brandenburg plant is 500,000 cars a year, nearing 10,000 per week. Reporting by Victoria Waldersee, Zhang Yan, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Union Pacific, Fisker, Tesla, Zillow and more
▼ + stars: | 2023-02-27 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Union Pacific – Union Pacific's stock nearly 10% after the company announced that its current CEO would step down in 2023. Fisker – Shares of the electric vehicle startup surged more than 27% after Fisker maintained its 2023 vehicle production target and said it spent less than anticipated in 2022. To be sure, the company posted a larger-than-expected loss and revenue miss for the fourth quarter, according to StreetAccount. Alphabet — Google's parent company gained 0.6% after Bank of America reiterated its overweight rating, citing the technology giant's opportunities within artificial intelligence. Zillow — The online real estate platform gained 2.4% after JPMorgan initiated coverage of the stock with an overweight rating.

☆ Protest in Berlin over arming Ukraine against Russia draws thousands
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

[1/5] People take part in a protest against the delivery of weapons to Ukraine and in support of peace negotiations between Russia and Ukraine, amid Russia's invasion of Ukraine, in Berlin, Germany February 25, 2023. REUTERS/Christian MangBERLIN, Feb 25 (Reuters) - A demonstration against supplying Ukraine with weapons for war with Russia attracted 10,000 people on Saturday, drawing criticism from top German government officials and a large police presence to maintain order. Germany, along with the United States, has been one of the biggest suppliers of weapons for Ukraine. "Negotiate, not escalate" one sign held by a demonstrator said, while a banner in the crowd read "Not our war". "Whoever does not stand by Ukraine is on the wrong side of history," Lindner said on Twitter.

"We withstand all threats, shelling, cluster bombs, cruise missiles, kamikaze drones, blackouts and cold ... And we will do everything to gain victory this year." "Ukraine will never be a victory for Russia. REUTERS/Valentyn Ogirenko 1 2 3 4 5Igor, walking through Moscow, said Russia must win: "We're looking forward to it ending successfully. Despite strong support for Ukraine in the West, big developing nations, above all China and India, have kept clear of imposing sanctions on Moscow. Learn more about the Ukraine war.

☆ Tesla scales back German battery plans, won over by U.S. incentives
▼ + stars: | 2023-02-21 | by ( Victoria Waldersee | ) www.reuters.com time to read: +2 min

BERLIN, Feb 21 (Reuters) - Tesla (TSLA.O) has paused plans to produce entire batteries in Brandenburg, Germany, and will instead carry out some production steps in the United States where tax incentives are more favourable, the Brandenburg economy ministry said on Tuesday. The U.S. carmaker had originally planned to produce the full battery at the Gruenheide site in Germany, with a peak capacity of over 50 gigawatt hours per year. But with the United States offering electric vehicle makers sourcing batteries from within the United States tax breaks and consumer discounts, the company has changed course. "Tesla has started its battery system production in Gruenheide and is preparing to manufacture battery cell components. The company has prioritized further production steps in the USA because tax incentives make business conditions more favorable there," the Brandenburg economy ministry said in a statement.

☆ Operator warns of 'massive disruptions' in German airports strike
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +3 min

German trade union Verdi on Wednesday called on workers at Frankfurt, Munich, Stuttgart, Hamburg, Dortmund, Hanover and Bremen airports to go on a 24-hour strike, saying collective bargaining efforts had made little progress. "On Friday, February 17, 2023, there will therefore be massive disruptions to air traffic," said Fraport (FRAG.DE), the operator of Frankfurt airport, which counted more than 48 million passengers in 2022. The walkout also coincides with the start of the 59th Munich Security Conference (MSC), which brings hundreds of delegates to the Bavarian capital, including several global leaders. The issue would be discussed with the airport on Thursday, the Verdi spokesperson added. The union is currently in negotiations for three groups of workers: ground service staff, public sector officials and aviation security workers.

☆ Strike over pay grounds all flights at Berlin airport, operator says
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 25 (Reuters) - All flights were cancelled at Germany's BER airport in the capital Berlin on Wednesday, the operator said, as staff went on strike for the day to press pay demands. The Ver.di union called on airport staff in ground services, aviation security and at the airport company to strike in the wage dispute. It called the one-day work stoppage over what it said was insufficient progress in the three parallel wage talks. [1/7] Demonstrators hold a banner during a general strike by employees over pay demands, at the Berlin Brandenburg Airport (BER), in Schoenefeld near Berlin, Germany January 25, 2023. A source told Reuters that a draft of this report forecast 6% inflation this year and 2.8% for 2024.

☆ Strike over pay at Berlin airport grounds all flights -operator
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

[1/6] A view shows empty check-in counters and kiosks, during a general strike by employees over pay demands, at the Berlin Brandenburg Airport (BER), in Schoenefeld near Berlin, Germany January 25, 2023. REUTERS/Michele TantussiBERLIN, Jan 25 (Reuters) - Staff at Germany's BER airport in capital Berlin went on strike to press their pay demands on Wednesday and the airport operator said all regular passenger flights were cancelled as a result. The Ver.di union called on airport staff in ground services, aviation security and at the airport company to strike in the wage dispute. It called the one-day work stoppage over what it said was insufficient progress in wage talks. Reporting by Klaus Lauer; Writing by Paul Carrel; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla reports earnings after the bell Wednesday
▼ + stars: | 2023-01-25 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Electric vehicle maker Tesla plans to report fourth-quarter results after market close on Wednesday. Here's what analysts were expecting as of Wednesday morning, according to Refinitiv:Earnings (adjusted): $1.13 per shareRevenue: $24.16 billionIn the year-ago quarter, Tesla reported revenue of $17.72 billion and adjusted earnings of $2.52 per share. Tesla reported 405,278 vehicle deliveries and production of 439,701 vehicles in the period ending December 31, 2022. Tesla solicits questions ahead of their earnings calls via a site called Say.com from both retail and institutional investors.

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