Stan Choe, Ap Business Writer Updated 2:17 am CDT, Thursday, March 21, 2019 A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, March 20, 2019. The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. less A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, March 20, 2019. The Federal Reserve is leaving its key interest rate unchanged and projecting no ... more Photo: Richard Drew, AP Photo: Richard Drew, AP Image 1 of / 1 Caption Close Image 1 of 1 A screen on the floor of the New York Stock Exchange shows the rate decision of the … [Read more...] about After the fall: How to take advantage of lower rates
How to make money of the stock market
Jamie L. LaReau Detroit Free Press Published 5:44 PM EST Jan 15, 2019 Unifor, Canada's autoworker union, is keeping its promise to turn up pressure on General Motors in an effort to reverse the company's decision to idle the Oshawa Assembly Plant in Ontario. First, workers at Canadian auto supplier Inteva Products walked off the job Tuesday in support of Unifor's fight, Unifor President Jerry Dias told the media Tuesday during a briefing in Detroit. Inteva feeds interior components to GM's Oshawa and Detroit-Hamtramck plants. Then, Dias issued a cryptic warning: "I promise you, this will be the worst auto show that General Motors will face in their history here in Detroit." Dias did not outline specific tactics Unifor is planning, but he said Canadians are "furious" and he warned: "We will get General Motors' attention tomorrow and their attention on Thursday and again on Friday. We will be doing … [Read more...] about Canada auto union vows to make auto show ‘the worst’ for GM
A RimBlades USA study examines the value of classic Porsche models against the S&P. The 1956 356A 1600 Speedster and a 1997 993 Turbo are among the Porsche cars considered. How did theses and other classic Porsches perform against the S&P? The results might surprise you. Here’s one of those nifty stories about how much you would have made or lost buying and selling a particular kind of car versus the stock market. In this case, it’s Porsche versus the Standard & Poors 500 stock index. Stories like this come up every so often, and they actually go pretty far back. I once read a study that tied the Dow Jones into a woman’s hem lines in the 20s and 30s. So something might or might not track with stock values, but the real question is can you make money off the car you just bought? Solid Gold Volvos I was hanging out with my friend Carl The Mechanic at his shop many moons ago. I got there just as a customer was paying up and leaving. He was glowing over … [Read more...] about Porsche Versus S&P: Can Sports Cars Top The Stock Market?
The Morning Shift All your daily car news in one convenient place. Isn't your time more important? Nobody quite wants to commit in the world of EVs, car sales are going loopy, and there’s a giant recall going on at Toyota right now. All this and more in The Morning Shift. 1st Gear: VW, BMW and Mercedes Are Taking Different Paths The central question of making electric cars at the moment is: Do you develop a bespoke platform for your new EVs or do you modify existing gas-powered cars to accept batteries and electric motors? The German auto industry is split on the issue, as the Financial Times reports. VW is going with bespoke EV platforms, BMW thinks it can’t afford to do so and is keeping things mixed between gas and EVs and Daimler is making bespoke platforms, but they’re going to be for both battery-powered EVs and some theoretical hydrogen cars. Here’s the FT on VW: As VW executives see it, the problem is that the company has been producing electric … [Read more...] about Germany Is Split On How to Make an Electric Car
Rarely, if ever, have cars been an “investment” in my life. For myself and countless other gearheads around the world, cars are not a way to make money, they are a perfectly efficient way to lose money. This is not to say classic cars cannot make money in the long run . . . just that 99.99999% of the time, they end up costing you bread, not earning it. If you’re going to invest, the stock market seems more likely. Now, it seems, some people would beg to differ. Cash For Classics According to Kwik-Lift, manufacturers of high-strength steel home and repair shop maintenance lifts, “investing” money in certain cars is actually a good thing. Kwik-Lift says their data “proves” investing in a classic or soon-to-be classic car can offer a better return than putting money into the stock market. Kwik-Lift bases this on five of the most expensive vehicles Barrett-Jackson sold in January. Kwik-Lift compared those sale values with what the same amount of … [Read more...] about Stock Market Or Cars? Where To Invest? The Data Might Surprise You