• Sep 05, 2024

S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says

(Bloomberg) -- Tax policies touted in the US presidential election could have a big impact on S&P 500 earnings, according to Goldman Sachs Inc. strategists.Most Read from BloombergHow Air Conditioning Took Over the American OfficeThe Outsized Cost of Expanding US RoadsHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThey estimate profits could shift in the ballpark range of 5% to 10%, depending on how the policies are enacted and whether Donald Trump’s 2017 tax cuts are allowed to expire

  • Sep 05, 2024

New CEO must adapt Daimler Truck to weaker market, chairman says

STUTTGART (Reuters) -Daimler Truck expects a further slowdown in demand for commercial vehicles and its new CEO must take measures to adjust for that, the German company's Chairman Joe Kaeser said on Thursday. "Our profitability is not yet where competitors are, that has to change in the medium to long term", Kaeser told a press conference after Karin Radstrom was announced as the company's next CEO late on Wednesday. He did not say what measures Radstrom might need to take.