Rio Tinto completes rollout of world-first autonomous iron ore rail operation

Rio Tinto has completed the rollout of its automated rail network in the Pilbara, Western Australia, which is the first heavy-haul, long distance autonomous rail operation in the world. The $940 million rail project, titled AutoHaul, focuses on automating trains to transport iron between Rio Tinto’s various port facilities in …

China’s economy had a tough 2018. Next year will be worse

China’s economy is entering uncharted territory, and that could spell trouble for the rest of the world.After decades of sharp expansion, the Chinese economy is slowing down. Growth in 2018 is set to be the weakest since 1990. And 2019 looks even worse.The world’s second largest economy is feeling the effects …

Tesla slashes prices on home solar systems to spur sales

Tesla Inc has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official told Reuters on Thursday. Effective on Thursday, price quotes for potential solar customers will be …

Top 4 ETFs for Investing in Vietnam

As Vietnam continues to shift from a controlled economy to a market economy, it is joining the world marketplace. Its agricultural products have become a significant export, and it is attracting foreign investments. Investors wanting exposure to Vietnam can buy exchange-traded funds (ETFs) that either focus on Vietnam or have …

PepsiCo just became the latest beverage company to say it’s looking at the fast-growing cannabis market

PepsiCo is taking a hard look at the cannabis industry as other beverage makers explore the market. “I think we’ll look at it critically, but I’m not prepared to share any plans that we may have in the space right now,” Chief Financial Officer Hugh Johnston told Jim Cramer and …

China cuts some banks’ reserve requirements to spur growth

China’s central bank said on Sunday it would cut the amount of cash that most banks must hold as reserves to lower financing costs and spur growth, amid concerns over a potential economic drag from an escalating trade dispute with the United States. The reserve requirement cut, the fourth by …

Rookie Pot Stocks Overshadow More Established Peers in September

Move over marijuana heavyweights, the rookies are taking over. The recent pot mania has seen a slew of companies looking to get in on the sector and stock returns this month have overshadowed larger and more established marijuana companies, including Canopy Growth, Aurora Cannabis and even high-volatility Tilray. September’s MVPs …

Aurora Cannabis is becoming the Berkshire Hathaway of pot

Canada-based Aurora Cannabis Inc. tripled its revenue thanks to bigger weed sales in the final quarter of its fiscal year, but the pot producer’s profit gains were mostly the result of a different business: investing in other marijuana companies. Canadian cannabis stocks have been soaring of late, as the country …

Why You Should Go Long China Right Now

2018 hasn’t been a vintage year for domestic Chinese equities (A-shares). The CSI 300 is down 20% year-to-date and the largest US-listed Chinese equity ETFs have seen broad outflows. Nevertheless, I believe we’re close to a bottom in the rout, and a long-term growth driver is almost upon us. It’s …

China Plans Broad Import Tax Cut as Soon as October

China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said, in a move that will lower costs for consumers as a trade war with the U.S. deepens. Premier Li Keqiang …