Mercedesbenz Sells Out of China Ev Maker As Luxury Spending Drops
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Jeep maker Stellantis reports 27% drop in sales
Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North AmericaBusiness - MarketWatch - October 31 -
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter salesBusiness - MarketWatch - October 16 -
Richemont Sales Fall as Luxury's China Woes Linger
The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.Business - The Wall Street Journal - 23 hours ago -
China warning hits another medical equipment maker
Smith & Nephew shares slumped on Thursday as it became the second health equipment company in a week to warn that Chinese sales were getting hit hard.Business - MarketWatch - October 31 -
How Harris and Trump are spending eve of Election Day
Vice President Kamala Harris and former President Donald Trump are spending the last hours of the 2024 presidential race making their final pitches at rallies in several battleground states. CBS ...Top stories - CBS News - 4 days ago -
Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17 -
Tesla earnings are the ‘next big thing’ for the EV maker as it tries to be magnificent again
Tesla’s stock has traded lower after six of its last eight reports, with the average stock price swings of plus or minus 10% in the past eight post-earnings days.Business - MarketWatch - October 22 -
Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.Business - CNBC - October 31 -
LVMH shares down 7% after warning of ‘uncertain’ outlook
World’s largest luxury group hit by pullback in Chinese consumer spendingBusiness - Financial Times - October 16 -
‘800lb gorilla’: luxury brands battle China’s hit grey-market app
Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower pricesWorld - Financial Times - October 15 -
Luxury goods shares fall as China slowdown hits LVMH
Owner of Louis Vuitton and Dior brands reports 16% drop in third-quarter sales in Asia excluding JapanBusiness - Financial Times - October 16 -
Used EVs Sell for Bargain Prices Now, Putting Owners and Dealers in a Bind
The sharp drop in the value of preowned electric vehicles stands in contrast to the broader used-car market.Business - The Wall Street Journal - October 14 -
Brazil Ministers Renew Push to Sell Lula on Spending Cuts
World - Yahoo News - October 15 -
Wolfspeed, a Maker of EV Chips, Gets $750 Million in Grants for North Carolina Plant
The government money, and matching funds from a group of financial firms, will be used for its new silicon carbide wafer plant in the Research Triangle area.Business - Inc. - October 15 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
Why are Costco's gold bars selling out?
Investors are still buying up Costco's supply of gold bars — and there are a few big reasons behind this trend.Top stories - CBS News - October 15 -
Apple’s iPhone 16 is selling 20% faster in China than its predecessor, report says
Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new featuresBusiness - MarketWatch - October 18 -
EU, China Face Hurdles in Clinching EV Deal Before Tariffs Start
World - Yahoo News - October 14 -
US approves lithium project in push to break China’s grip on EV minerals
Biden administration issues rare mine approval for Ioneer site in Nevada and extends tax breaks to companiesBusiness - Financial Times - October 24 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
China directs automakers to halt investments in EU countries supporting EV tariffs
World - Yahoo News - November 1 -
China’s premier defends free trade on eve of US presidential election
Li Qiang bemoans global rise of protectionism at Shanghai import expo amid escalating tariff brawlWorld - Financial Times - 3 days ago -
China expands its EV charging network as sales surge
World - Yahoo News - Yesterday -
Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories
Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.Business - CNBC - October 31 -
House panel questions chip manufacturing equipment makers over any ties to China
The top lawmakers on the House China select committee pressed various semiconductor equipment makers on their business sales with China amid growing concerns about the nation’s competitive ...Politics - The Hill - 10 hours ago -
Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.Business - The New York Times - October 17 -
Costco's gold bars are selling out. Here's where else to buy them.
If you're planning to buy gold at Costco's warehouse stores, you may need a backup plan. Here's where else to look.Top stories - CBS News - October 14 -
Preorders For Baldur's Gate 3 Funko Pops Are Already Starting To Sell Out
Three beloved companions from Baldur's Gate 3 are getting official Funko Pop figures later this year. You'll be able to add the High Elf vampire Astarion , Half-Elf cleric Shadowheart , and the ...Tech - GameSpot - October 16 -
Top BBVA shareholder sells out over Sabadell hostile bid
GQG Partners, which also holds stakes in Commerzbank and CaixaBank, sold shares during the summerBusiness - Financial Times - October 20 -
Bloodborne's New 744-Page Complete Edition Guide Is Starting To Sell Out
Bloodborne Complete Edition Guide $54 (was ...Tech - GameSpot - October 22 -
Tech stock sell-off wipes out Wall Street’s October gains
Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early SeptemberWorld - Financial Times - October 31 -
Cruz calls out McConnell-aligned group for not spending 'a penny' in Texas
Texas Sen. Ted Cruz (R) vented his frustration with the Senate Leadership Fund, a super PAC aligned with Senate Republican Leader Mitch McConnell (Ky.), for not spending any money in his ...Politics - The Hill - October 14 -
Legendary buys out China's Wanda ownership stake
'Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.Entertainment - Los Angeles Times - October 14 -
Paris Motor Show opens during a brewing EV trade war between the EU and China
Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor ShowWorld - ABC News - October 14 -
China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
The extra tariffs will range from 7.8% for Tesla to 35.3% for SAIC Motor, and stack on top of the 10% standard import duty for cars to the EU.Business - CNBC - October 30 -
China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car
The Chinese smartphone company also announced a high-end sports version of the car, the SU7 Ultra, would begin preorders ahead of a product release in March.Business - CNBC - October 30 -
SAIC Motor, Geely deny breaking ranks in China's bargaining with Europe on EV tariffs
World - Yahoo News - November 1 -
Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown
Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low. Shares in luxury goods brands slumped after Louis Vuitton ’s LVMH reported an ...World - The Guardian - October 16
