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Chinese EV maker Zeekr prices IPO at $21, at the top end of range
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Chinese EV maker Xpeng aims to deliver its first flying car in 2026
Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.CNBC - Business -
Volkswagen-backed Chinese EV battery maker Gotion takes on rival CATL with superfast-charging LFP product
Yahoo News - World -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
Older Frigidaire and Kenmore ranges pose risk of fires, maker warns
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.CBS News - Top stories -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.CBS News - Top stories - Joe Biden -
Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.CNBC - Business -
Angry Tesla Owners Will Take EV Maker to Court Over Self-Driving Autopilot Claims
A judge declined to throw out the class action suit against Tesla brought by buyers who said the company's self-driving tech forecasts were misleading.Inc. - Business - Tesla -
Biden Moves to Protect U.S. Solar Panel Makers From Cheap Chinese Imports
Added tariffs and better access to subsidies for domestically made panels will play to voters and could further the U.S. adoption rate for sustainable power equipment.Inc. - Business - Joe Biden -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business
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As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers
Baby Boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.CNBC - Business -
Shares of Hims & Hers Health surge 30% after startup says it will offer GLP-1 injections
The GLP-1 market has faced supply constraints in recent months as drugs like Ozempic and Wegovy continue to skyrocket in popularity.CNBC - Business -
Red Lobster files for Chapter 11 bankruptcy protection
A disastrous "endless shrimp" promotion helped drive Red Lobster to a net loss last year.CNBC - Business -
Are consumers pulling back on spending? It depends on which CEO you ask
Companies like PepsiCo have warned about a weak low-income consumer, while Delta Air Lines and Chipotle have benefited from their high-income customer bases.CNBC - Business -
New York AG announces $2 billion settlement with crypto lender Genesis
New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion, in an effort to make defrauded investors whole again.CNBC - Business - New York