Tesla's vehicle sales slid for a second straight quarter but not as much as expected, lifting the company's stock price by 10% at Tuesday's close and keeping the company ahead of rival BYD as the world's largest seller of electric vehicles.
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ABC News - World
Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know
The European Union is moving to sharply increase customs duties on electric vehicles made in ChinaEurope -
ABC News - Tech
Europe is slapping tariffs on Chinese electric vehicles. Here's what to know.
The European Union is moving to sharply increase customs duties on electric vehicles made in ChinaEurope -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden -
Financial Times - World
Belarus opposition calls for Brussels to protect stateless exiles
Also in this newsletter: How mafia organisations are infiltrating local governments in Italy -
The Wall Street Journal - World
Samsung Electronics Expects Surge in Second-Quarter Profit
The South Korean tech giant forecast a surge in second-quarter earnings, suggesting that its flagship semiconductor business sustained a strong recovery. -
The Wall Street Journal - Business
Samsung Electronics Expects Surge in Second-Quarter Profit
The South Korean tech giant forecast a surge in second-quarter earnings, suggesting that its flagship semiconductor business sustained a strong recovery. -
MarketWatch - Business
Saudi Arabia cuts Asia oil prices for second straight month
Looking at other importing regions, the oil producer instead increased its August prices for all grades for customers in northwest Europe and the Mediterranean. -
ABC News - Top stories
Parent company of Saks Fifth Avenue to buy rival Neiman Marcus
The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake -
The Guardian - World
EU brushes aside risk of China trade war over electric vehicle tariffs
Higher tariffs on Chinese EV imports to come into force despite carmakers’ fears of retaliation. Business live – latest updatesThe EU’s top trade official, Valdis Dombrovskis, has brushed aside concerns of trade-war retaliation from Beijing ...China -
CNBC - Business
Tesla stock rises again after better-than-expected deliveries report
Tesla shares saw more gains Wednesday, after jumping 10% in the previous session.Tesla -
CNBC - Business
Ford sales edge 1% higher in the second quarter, led by trucks
Ford truck sales of 308,920 vehicles marked the company's best second-quarter performance for the vehicle category since 2019. -
Financial Times - World
US consumer goods companies are losing upper hand on pricing
Businesses that imposed relentless post-pandemic price hikes are reaching the outer limits of the strategy -
The Wall Street Journal - World
Stock Funds Slipped in Second Quarter, but Don't Blame Tech
Investors still hold solid gains for the year so far, on average, as tech names flourish. Plus: A flashback to the 80th anniversary of the Bretton Woods monetary agreement. -
Financial Times - World
Wall Street’s upbeat earnings expectations set high bar for US companies
Analysts expect an uptick in earnings from corporate America will make up for tech sector slowdown -
MarketWatch - Business
How to trade Tesla’s stock
Also: An expensive stock market, improving home affordability in some areas, and a different way to think about Nvidia’s success. -
MarketWatch - Business
Constellation Brands profit tops estimates and company backs guidance, offsetting slight sales miss
The brewer of Modelo Especial is still expecting sales to grow 6% to 7% in fiscal 2025. -
CNBC - Business
10 things to watch in the stock market Wednesday after the S&P 500's record close
U.S. stock futures are little changed after the S&P closed above 5,500 for the first time on Tuesday. -
The Wall Street Journal - World
Rheinmetall, Leonardo to Bid for Italy's Armored Vehicles Program
The two companies said they have formed a 50:50 joint venture aimed at handling future orders for the development of tanks and infantry fighting vehicles based on Rheinmetall’s Panther and Lynx models. -
The Wall Street Journal - Business
Rheinmetall, Leonardo to Bid for Italy's Armored Vehicles Program
The two companies said they have formed a 50:50 joint venture aimed at handling future orders for the development of tanks and infantry fighting vehicles based on Rheinmetall’s Panther and Lynx models. -
CNBC - Business
Healthy Returns: Brain implant company Paradromics launches patient registry ahead of human trial
Brain implant company Paradromics is preparing for human trials, while President Biden's poor debate performance affected health-care stocks. -
MarketWatch - Business
Corning’s stock soars 7% after company raises Q2 guidance to reflect AI bump
The company, which makes glass for big-screen TVs, mobile phones and optical fiber, believes the first quarter will be the lowest one for all of 2024. -
MarketWatch - Business
Momentus’s stock climbs, as space-services company is on pace to snap five-day losing streak
Shares of Momentus, which provides satellite transportation and servicing, jumped in premarket trades Monday. -
The Wall Street Journal - World
Saks Fifth Avenue's parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers.
Saks Fifth Avenue’s parent company sealed a $2.65 billion deal to buy rival Neiman Marcus, creating a powerhouse in luxury retailing that seeks to hang on to wealthy shoppers. -
CNBC - Business
Tesla short sellers lost $3.5 billion in two days of trading after deliveries report
With Tesla's stock close to wiping out its losses for the years, investors betting for a decline have had a rough week.Tesla -
Financial Times - Business
The cloud over cloud companies
The sector has been left behind in the euphoria over artificial intelligence sweeping through the stock market -
The Hill - Politics
GM paying $146M in penalties over older vehicles' emissions
General Motors (GM) will pay $146 million in penalties after an investigation found 5.9 million of the company’s vehicles put out excess greenhouse gas emissions, the National Highway Traffic Safety Administration (NHTSA) announced Wednesday. The ... -
ABC News - Top stories
Tourist fatally struck by suspects' vehicle during robbery at outdoor mall: Police
The robbery and hit-and-run unfolded Tuesday afternoon at Fashion Island, an outdoor shopping mall in Newport Beach, police said. -
CBS News - Top stories
GM fined nearly $146 million for excess vehicle emissions
General Motors will also retire millions of credits it received for complying with federal regulations. -
ABC News - Top stories
Family of woman shot in vehicle calls for justice, alleging inaction by deputy
Raejonette Morgan, 22, was shot on Tuesday while in her vehicle in a busy intersection in South Los Angeles and later died of her wounds. -
MarketWatch - Business
Oil prices tally 4th straight weekly gain as data hint at better demand
Oil futures fell on Friday, but U.S. and global benchmark prices tallied a fourth straight weekly gain as a recent drop in U.S. crude supplies and a rise in gasoline demand helped ease some concerns over the outlook for energy demand. -
The Wall Street Journal - World
Tesla's Stock Rallies, Erasing Losses for the Year
Tesla shares have jumped about 25% this week on better-than-expected sales results, pushing the stock around the break-even point for 2024. -
CBS News - Top stories
9 best deals at Walmart's rival Amazon Prime Day sale today
Amazon Prime Day isn't the only game in town. Walmart Deals is offering big savings before Prime Day. -
CBS News - Top stories
What to know about Walmart's rival Amazon Prime Day sale
Walmart is going head to head with Amazon Prime Day in a competition that shoppers will ultimately win. -
GameSpot - Tech
All The Lego Sets On Sale Ahead Of Prime Day
Prime Day 2024 officially runs July 16-17, but plenty of Lego sets are on sale ahead of the popular shopping holiday. So while we're expecting some pretty great Lego Prime Day deals, these price cuts are mighty enticing for anyone searching for a ... -
CBS News - Top stories
Will Kindles be on sale for Prime Day 2024? What to expect
Amazon Prime Day 2024 could mean Kindle deals aplenty. Read on for what you should know ahead of the sale. -
BBC News - Top stories
'Terrible football' but 'world-class players' - rival fans on England
England have reached the Euro 2024 quarter-finals but are yet to truly impress - so what do other countries' fans think? -
The Guardian - World
David Sedaris is an icon of indignation in a world that keeps on irking
The American humorist delighted the Royal Festival Hall with characteristically disgruntled slices of life – including a brush with cancel culture. In years to come, I can tell the grandkids I was at the Royal Festival Hall the night Keir Starmer ... -
Financial Times - Business
Oil prices rally as peak driving season gets under way
Brent crude has risen about $10 a barrel since early June as US stockpiles dwindle