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Just days ahead of this weekend's Guangzhou Auto Show, Volkswagen has announced plans to invest $12 billion dollars into efforts to build coal-fueled electric vehicles in China. According the Wall Street Journal, VW plans to produce 400,000 EVs by 2020 and introduce 5 new all-electric models each year through 2025. Volkswagen AG and its Chinese partners will jointly invest nearly $12 billion by 2025 in developing electric cars for the local market, VW’s China chief executive said. That will enable the German auto group—which operates in China... -Zero Hedge
NetApp (NTAP) is scheduled to report results of its fiscal second quarter after the market close on Wednesday, November 15, with a conference call scheduled for 5:30 pm ET. What to watch for: 1. EPS, REVENUE CONSENSUS SLIGHTLY CHANGED: Along with its last report, NetApp guided for Q2 earnings per share in the range of 64c-72c on revenue $1.31B-$1.46B. At the time, analysts expected the company to report Q2 EPS of 70c on revenue of $1.37B, but those figures have since changed slightly to 69c and $1.38B, respectively. Following the last earnings report... -The Fly
Just yesterday we noted that billionaire hedge fund legend Mike Novogratz said "the institutionalization of [the crypto space] is coming... and it's coming quick." Novogratz said he expects major financial firms will soon start to offer bitcoin or similar products as an investment option, one that could be easily purchased over the phone. “When it’s that easy, the price of bitcoin or ethereum is going to go much higher. And that is a lot closer than people think,” How right he was as the CEO of massive hedge fund Man Group just... -Zero Hedge
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