Tesla Slashes Prices in China Again after Deliveries Slump
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STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
Chipotle posts big earnings beat as diners shake off higher prices
The burrito chain said traffic increased 5.4% in its first quarter.CNBC - Business -
Housing supply surges by up to 50% in these metro areas — and many sellers are being forced to slash their asking prices
The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.MarketWatch - Business -
Bird flu outbreak is driving up egg prices — again
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.CBS News - Top stories -
Tesla among electric carmakers forced to cut prices as market stalls
EV sales have plateaued across the world but the newfound glut of vehicles may just be temporary. Elon Musk became the world’s richest man by evangelising about electric cars – and delivering them by the million. Yet in recent months his company, ...The Guardian - World - Tesla -
Tesla's Plan for Lower-Priced Models Takes a Page From Detroit's Past Strategies
Automaking may be harder to disrupt on a wholesale basis, as Elon Musk shifts to incremental improvements and scraps plans for all-new designs.Inc. - Business -
Geely-backed luxury EV brand Zeekr says it's already beating Tesla in parts of China
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.CNBC - Business - China -
Rubrik stock pops 16% in NYSE debut after company prices IPO above range
Rubrik's shares appeared to be attractive to investors that have been starved for new business software names for years.CNBC - Business -
Europe turns on China’s Nuctech after decade of awarding security contracts
Security equipment supplier’s machines are widely used at borders around the continent under public contractsFinancial Times - World - China -
Nio’s stock jumps after report of China’s plan to boost EV sales
Shares of Nio Inc., and those of other China-based electric-vehicle makers, powered higher Friday, after a report that China reportedly plans to provide car owners with an incentive to buy EVs.MarketWatch - Business - China -
Blinken wraps China trip after Xi Jinping meeting
Secretary of State Antony Blinken met with President Xi Jinping in China as the U.S. seeks to strengthen the relationship between the two nations. CBS News intelligence and national security reporter Olivia Gazis has more.CBS News - Top stories - China -
We're lowering our Honeywell price target after earnings. The risk-reward is still favorable
Honeywell's first-quarter results topped expectations. But its current-quarter outlook came up short, pressuring the stock.CNBC - Business -
We're boosting our price target on Alphabet by $30 after it delivered the quarter we've been waiting for
Alphabet on Thursday delivered a knockout first-quarter report and joined the tech-industry party by declaring its first-ever dividend.CNBC - Business -
Oil prices score weekly gain, breaking run of back-to-back weekly losses
Oil futures finished below Friday’s session highs after the latest U.S. inflation data raised doubts that the Federal Reserve will lower interest rates anytime soon.MarketWatch - Business -
2 men charged in the UK with spying for China are granted bail after a court appearance in London
Yahoo News - World - United Kingdom -
2 men charged in the UK with spying for China are granted bail after a court appearance in London
A former researcher working in the U.K. Parliament and another man charged with spying for China have been granted bail after a court appearance in LondonABC News - World - United Kingdom -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Adyen shares slump as payments processor meets revenue estimates
Shares of Adyen slumped Thursday as the payments processor met revenue expectations even after processing more volume than anticipated.MarketWatch - Business -
Airbus Sticks to Plane-Delivery Goal, Ramps Up A350 Production
Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing.The Wall Street Journal - World -
Airbus Sticks to Plane-Delivery Goal, Ramps Up A350 Production
Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing.The Wall Street Journal - Business -
Alabama sets July execution date for man convicted of killing delivery driver
Alabama has set a July 18 execution date for a man convicted in the 1998 shooting death of a delivery driver who had stopped at an ATMABC News - Top stories -
Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costs
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.CNBC - Business -
Salman Rushdie Is Again the Toast of Literary Manhattan
Nearly two years after he was stabbed, he was in fine form as he greeted his fellow writers at a party celebrating his candid memoir, “Knife.”The New York Times - Lifestyle -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Business -
Key Solar Panel Ingredient Is Made in the U.S.A. Again
REC Silicon says it will soon start shipping polysilicon, which has come mostly from China, reviving a Washington State factory that shut down in 2019.The New York Times - Top stories -
Oracle to Move Headquarters Again, This Time to Nashville
Chairman Larry Ellison said the relocation will help the company better integrate with the healthcare industry.The Wall Street Journal - Tech -
Tesla Will Recall Cybertruck in Latest Setback
A federal auto safety agency said the accelerator pedal on the pickup truck, sales of which began in late 2023, could become stuck, increasing the risk of accidents.The New York Times - Tech - Tesla -
U.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.The New York Times - Business - Tesla -
NBA Playoffs: Nuggets erase double-digit deficit (again) to take 3-0 lead on Lakers (again)
The Nuggets have won 11 straight games over the Lakers.Yahoo Sports - Sports - NBA -
Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn
Green Finance Institute report said further pollution could cut 12% off GDP by 2030s. The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and ...The Guardian - World - United Kingdom -
Yen slumps to fresh 34-year low as Bank of Japan stands pat with no sign of intervention
The Japanese yen fell to a fresh 34-year low versus the U.S. dollar after the Bank of Japan left monetary policy unchanged and gave little indication that intervention to support the currency was imminent.MarketWatch - Business -
Tesla's Big Rally Drives the Nasdaq Higher
U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.The Wall Street Journal - World -
Tesla steers back towards cheaper cars
Elon Musk seeks to appease the market after 40% stock slideFinancial Times - Business - Tesla -
U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes
The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversial technology.The Wall Street Journal - World -
Tesla Autopilot Was Uniquely Risky—and May Still Be
In an investigative report into crashes and deaths associated with Tesla Autopilot, federal regulators concluded that the system lacked standard protections.Wired - Tech - Tesla -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
Julie Andrews on finding her voice again, as a children's book author
The singer and actress began a new career when she teamed with daughter Emma Walton Hamilton to write a hugely successful series of children's books. Their 35th, "Waiting in the Wings," about a troupe of theatrical ducks, is based on a true story.CBS News - Entertainment -
Surrogacy 'unicorn' is pregnant with baby No. 11 and would do it again 'in a heartbeat'
April 21-27 is National Infertility Awareness Week.NBC News - Top stories -
Bavarian lawmakers again lift immunity of embattled AfD politician
Yahoo News - World -
India’s farmers are up in arms again. Will it hurt Modi’s reelection campaign?
While the protestors are beginning to up the ante by blocking railway tracks, the agitation this time seems a pale shadow of their movement in 2020.CNBC - Business