Business

Russia and the US are the only navies that operate cruisers. Here's how their ships stack up

8 days ago   |   By Business Insider

Ticonderoga-class guided-missile cruiser USS Antietam in the South China Sea.
Mass Communication Specialist 2nd Class Marcus L. Stanley/U.S. Navy via AP, File
Since 2017, the US and Russian navies have been the only two navies that operate guided-missile cruisers.
Both vessels have roughly the same capabilities, providing area air-defense while also being able to attack surface ships and submarines. So which would triumph in a head-to-head clash?
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With the retirement of the Dutch-built cruiser Almirante Grau by the Peruvian Navy in 2017...
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US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up

8 days ago   |   By Business Insider

Noam Galai/Getty Images
A gauge of Chapter 11 bankruptcies surged 12 points to 81 in the third quarter and hit its highest level since 2010, according to a report from law firm Posinelli.
The reading sits 26 points higher compared to the year-ago period but remains 19 points below the benchmark set in the fourth quarter of 2010.
US businesses faced a dire confluence of soaring virus cases and expiring fiscal support in the third quarter. The Southeast region, which hosted the bulk of new outbreaks, saw nearly 40% of quarterly bankruptcy filings.
Filings will likely increase "as we deal...
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Morgan Stanley says Tesla will surge 22% from current levels, its first bullish call on the stock since 2017

8 days ago   |   By Business Insider

Johannes Eisele/AFP via Getty Images
Tesla traded higher on Wednesday after Morgan Stanley upgraded the electric vehicle manufacturer to "Overweight" from "Equal-weight" for the first time since 2017. Morgan Stanley sees a budding opportunity in Tesla's high-margin software and services business, which it expects to represent up to 20% of total profits by 2030, according to the note. "To only value Tesla on car sales alone ignores the multiple businesses embedded within the company, and ignores the long term value creation arising from monetizing Tesla's core strengths," Morgan Stanley...
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