Tesla and Li Auto are in an intensifying price war in China, undercutting each other as sales of electric and hybrid vehicles there surpassed those of traditional cars for the first time.
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Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.The Wall Street Journal - World -
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.The Wall Street Journal - World -
Georgia and Russia's 'Hybrid War'
Vladimir Putin’s friends in Tbilisi are following the Kremlin’s playbook to shut down independent voices in civil society.The Wall Street Journal - World - Russia -
Li Auto Profit Fell on Higher Operating Expenses
The Chinese electric-vehicle maker forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in research and other operating expenses that offset higher sales.The Wall Street Journal - World -
Is the move to electric cars running out of power?
There has been an unexpected slowdown in sales of electric cars. Could this be more than a blip?BBC News - Top stories -
This is how long it will take for the electric vehicle industry to win over skeptical buyers
A new study finds that most EV skeptics will consider buying a battery-powered vehicle in the future, but for some, it could take a while.MarketWatch - Business -
Li Auto says order intake misses expectations as earnings slump
Chinese electric vehicle maker Li Auto said order intake was worse than expected in March as its profit declined in the first quarter.MarketWatch - Business -
Li Auto Shares Shed 19% on Weak Earnings, Tough Outlook
Shares fell sharply in Hong Kong after the Chinese hybrid-vehicle specialist unveiled weaker-than-expected earnings and guidance following a lackluster launch of its first fully-electric model.The Wall Street Journal - World -
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Cartier Is Rewarding Those Who Help Others
The brand’s entrepreneurship program aims to expand opportunities for business owners creating “solutions for change.”The New York Times - Lifestyle -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
Sondheimer: McRae siblings one-up each other on way to Dartmouth
Romello McRae will graduate this spring from Fairfax High and join high-achieving brother Robert and sister Elyjah at the Ivy League school.Yahoo Sports - Sports -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
One Tech Tip: Protecting your car from the growing risk of keyless vehicle thefts
Auto technology has evolvedABC News - Tech -
The race to be China’s Tesla has an unexpected leader
Charging infrastructure will become an increasingly important factor in winning over EV buyersFinancial Times - Business - China -
The other war: Cuban mercenaries in Ukraine
Fed up with humiliation and mistreatment, Cuban soldiers of the 428th regiment, based in Donetsk, carried out an operation to kill their own regiment's commander.The Hill - Politics - Ukraine -
EA Sports College Football 25 price: Breaking down cost for each edition as video game returns
EA Sports unveiled plenty of information about its most anticipated release in a long timeCBS Sports - Sports - College Football -
Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each
There will be less economic data in the week ahead, but we will get earnings from three portfolio names, including one of our two "own, don't trade" stocks.CNBC - Business -
Senate Inquiry Finds BMW Imported Cars Tied to Forced Labor in China
The report also found that Jaguar Land Rover and Volkswagen bought parts from a supplier the U.S. government had singled out for its practices in Xinjiang.The New York Times - Top stories - China -
Musk Pushes Plan for China Data to Power Tesla's AI Ambitions
A data center in Chinato teach AI models for self-driving technology using data that could be processed in the countrycould be a big shift for Tesla, or merely a backup plan.Inc. - Business - China -
Dow passes 40,000 for first time
The Dow Jones Industrial Average eclipsed 40,000 points for the first time in its history Thursday as Wall Street cheered slowing inflation and potential for lower interest rates. The iconic stock index was up roughly 111 points shortly before 11 ...The Hill - Politics -
How China Is Beating the West in the Minerals War
Despite years of efforts by the West to make a dent, Chinese mining companies are becoming more dominant, not less.The Wall Street Journal - World - China -
China consumption slows as retail sales and investment data disappoint
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.CNBC - Business - China -
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The Dow crosses 40,000 for the first time in history
The Dow is now up about 6% so far this year.ABC News - Top stories -
Dow Jones reaches 40,000 for first time
A strong labor market and cooling inflation fueled a spike in the Dow Jones industrial average that reached 40,000 for the first time. CBS News contributor J.D. Durkin breaks down the numbers.CBS News - Top stories -
Dow rises above 40,000 for first time in history
For the first time ever on Thursday, the Dow Jones average rose about 40,000, providing new optimism about the economy. CBS News business analyst Jill Schlesinger breaks down what it means.CBS News - Top stories -
Macy's tops expectations for the first quarter as luxury and beauty sales shine
Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spendingABC News - Top stories -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
Chiefs first-round rookie Xavier Worthy's car stolen from parking garage in Kansas City, per reports
The vehicle was reportedly taken by criminals overnightCBS Sports - Sports -
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 -
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The battlegrounds that could decide a US-China war over Taiwan
Five key military contests are likely to determine the outcome of a conflictFinancial Times - Business - China -
Michigan beginning alcohol sales at football games following successful rollouts at its other venues
Alcohol sales will begin this football season at Michigan Stadium, following a trend of booze being made available at college sports venues across the nationABC News - Sports -
Dow Jones Industrial Average Tops 40000 for the First Time
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.The Wall Street Journal - World -
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.CBS News - Top stories -
Treasury yields end higher for first time in four sessions
Rates on U.S. government debt closed higher on Thursday, with 10- and 30-year yields bouncing off their lowest levels since early April, after a fresh round of data.MarketWatch - Business -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
'I'm your mammy's little boy' - siblings meet for first time
Long-lost siblings - one from Londonderry, one from Canada - meet for first time in Ireland.BBC News - Top stories -
Dow closes above 40,000 for first time, notching new milestone
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.CBS News - Top stories