Page 12 - Jefferies Co News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW YORK: Stock indexes were lower globally on Monday with technology shares on Wall Street falling, while US Treasury yields traded little changed even after a report showing the highest prices ever paid in a May manufacturing survey for New York state. Concerns over inflationary pressure helped to lift gold prices to their highest in more than three months, however. The Empire State Manufacturing Survey, produced by the New York Fed, showed the prices paid index rose to a record 83.5, the highest since the data series began in 2001, said Tom Simons, money market economist at Jefferies & Co...

ChinaStocks fall as tech shares weigh; gold rises amid inflation concerns Caroline Valetkevitch 4 minute read Stock indexes were lower globally on Monday with technology shares on Wall Street falling, while U.S. Treasury yields traded little changed even after a report showing the highest prices ever paid in a May manufacturing survey for New York State. The S&P 500 technology sector (.SPLRCT) was down 0.9% and was the biggest drag on the benchmark index. Concerns over inflationary pressure helped to lift gold prices to their highest in more than three months, however. The Empire State Manuf...

A semiconductor shortage has affected vehicle production.  This means there is a shortage of cars - and rental-car companies can't get the new cars they need.  The demand is sending the cost of used cars soaring.  The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz Global Holdings and Enterprise Holdings, which have made their profits by purchasing new vehicles cheaply in bulk, renting them out for as much a...

Rental companies are buying up used cars as chip crisis deepens The car crunch is a boon for rental companies, which can probably rent out every car they own at much higher rates than they charged before the pandemic. Vehicle rental companies including Hertz, Dollar and Budget are listed on a sign at a parking garage in Arlington, Va. The semiconductor shortage has slashed vehicle production so much that rental-car companies cannot get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz and Enterprise, which have...

Rental cars are stored in a parking lot at a stadium in Los Angeles. The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits by purchasing new vehicles cheaply in bulk, renting them out for as much as a year and selling them at auction. In the past, they have bought some used cars to shore up an occasional unforeseen burst in demand, b...