Used EV Price Crash Keeps Getting Deeper With 'Premium' Brand Idea History
Back in February, used electric vehicle prices dipped below used gasoline-powered vehicle prices for the first time ever, and the pricing cliff keeps getting steeper as car buyers reject any "premium" tag formerly associated with EVs.
Market Chatter: Hertz Looking to Raise $500 Million Through Senior Secured Debt at 12% Coupon
Hertz Global Holdings (HTZ) is looking to raise $500 million through senior secured debt with a five-year maturity and 12% coupon, Bloomberg News reported Friday, citing unnamed sources. JPMorgan Chas
AI will enter football to escort the 2024 European Cup.
When the Europe Cup opens at 3 am tomorrow in 2024, the AI's "all-seeing eye" will focus on the event throughout, even the most ardent fans cannot be as focused on every game. Due to the latest Video Assistant Referee (VAR) technology, referees will be able to track any slight movement of the ball and the players. The so-called VAR refers to the use of cameras, sensors, and AI to assist referees in making decisions. However, since its launch in 2016, VAR has been controversial among fans. Due to the inconsistent way referees apply this technology, the time required for them to make decisions is sometimes inconsistent too, which
Nice EV You Got There -- Can You Afford to Insure It? -- Heard on the Street -- WSJ
By Telis Demos and Stephen Wilmot Electric vehicles can be a pain to insure. Fixing the problem would give reluctant buyers one less thing to worry about. You can still get insurance for any vehicle
Hertz Global Is Maintained at Underperform by B of A Securities
Hertz Global Is Maintained at Underperform by B of A Securities
Hertz Global, Avis Budget Group's Valuations Revised Amid Market Uncertainty, BofA Says
Hertz Global (HTZ) and Avis Budget Group's (CAR) valuations have been revised due to market uncertainty, BofA said in a note Thursday. The investment bank said it now values the Hertz and Avis Budget
Hertz Global Holdings Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/13/2024 -26.79% B of A Securities $3 → $2.5 Maintains Underperform 04/30/2024 46.41% Susquehanna $10 →
BofA Securities Maintains Hertz Global(HTZ.US) With Sell Rating
BofA Securities analyst John Babcock maintains $Hertz Global(HTZ.US)$ with a sell rating.According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 12.1% over th
Express News | Hertz Global : BofA Global Research Cuts Price Objective to $2.5 From $3
S&P 400 Rejig: HTZ, PENN to Exit Index; Illumina Moves Down From S&P 500
KKR & Co, CrowdStrike, GoDaddy to Join S&P 500 Index on June 24
KKR (KKR), CrowdStrike (CRWD), and GoDaddy (GDDY) will replace Robert Half (RHI), Comerica (CMA), and Illumina (ILMN) in the S&P 500 index from June 24, S&P Dow Jones Indices said on Friday. Illumina
Krystal Biotech, Virtu, StepStone, Cactus, Tidewater to Join S&P 600
Express News | Hertz Shares Are Trading Lower on Reports the Company Is Contemplating Selling $700 Million in Secured Debt, Coupled With a Convertible Notes Offering
Express News | Hertz Extends Thursday's Loss After Report Says It Mulls Debt, Convertible Sale, Down 3.7%
USA Stock Market Outlook | Equity index futures are mixed, with the heavyweight May non-farm data coming tonight.
On June 7th (Friday) pre-market trading, US equity index futures were mixed in ups and downs.
Car-Rental Firm Hertz Reportedly Seeks $700M Lifeline As EV Strategy Stalls
Car rental service Hertz Global Holdings Inc (NASDAQ:HTZ) is reportedly contemplating selling $700 million in secured debt, coupled with a convertible notes offering.What Happened: The car rental comp
Sluggish electric car sales are driving hot sales for Hertz (HTZ.US), with used Tesla (TSLA.US) prices dropping to $25,000.
The competition for $25,000 electric cars in the USA's auto market has been won, but not in the way that the auto industry hoped. The used-car sales of the veteran car rental company Hertz (HTZ.US) are thriving, with the average selling price of its second-hand cars dropping to $25,000. It is understood that since January of this year, Hertz has adopted Tesla's sales model, and its fleet of 20,000 electric cars worldwide has entered dealership lots, accounting for almost one-third of its current inventory of electric cars. This move has been viewed as a stumbling block for Hertz's electric car strategy. In 2021, Hertz had planned to order hundreds of thousands of Teslas.
Sector Update: Consumer Stocks Gain Late Afternoon
Consumer stocks were rising late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. In corpor
Hertz Stock Drops on Report It Could Issue Debt, Convertibles -- Barrons.com
By Emily Dattilo Shares of Hertz Global Holdings were trading sharply lower on a report that the rental-car company is considering a sale of secured debt and convertible notes. Hertz stock was down
Hertz Sinks on Report It's Evaluating Sale of $700M of Secured Debt
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