Latest in Volkswagen's tepid sales, tougher competition and costly electric vehicle strategy have left its stock trading around 14 year lows, mirroring Germany's broader economic woes.
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What to know about Europe's tariffs on Chinese electric vehicles
The European Union has finalized its sharply higher customs duties on electric vehicles imported from ChinaTech - ABC News - October 30 -
Europe Imposes Higher Tariffs on Electric Vehicles Made in China
The tariffs, some as high as 45 percent, are intended to protect Europe’s automotive sector, but they could escalate a trade war with China.Business - The New York Times - October 31 -
What a second Trump term means for car prices and electric vehicles
Car shoppers who have held off on buying a vehicle due to affordability concerns are unlikely to see relief if President-elect Donald Trump imposes the new tariffs he proposed during his campaign.Business - MarketWatch - Yesterday -
Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition
The luxury-car maker’s net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.Business - The Wall Street Journal - October 25 -
US trade partners brace for tougher tariffs in Trump’s second term
Steps taken in the Republican’s first few weeks in office are expected to be ‘lasting ones’World - Financial Times - 2 days ago -
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Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - October 28 -
Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - 6 days ago -
Teva Fined Around $500 Million Over MS Drug Competition Concerns
The European Union fined Israel’s Teva Pharmaceutical 462.6 million euros, saying it abused its market position in a way that might have delayed competitors from entering the multiple sclerosis ...Business - The Wall Street Journal - October 31 -
China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.Business - CNBC - October 14 -
Does Gen Z have it tougher than previous generations?
Young Britons are finding it harder than ever before to achieve financial independence — here’s whyWorld - Financial Times - 5 days ago -
The dispute around a women's volleyball team touches on a broader question: How to define 'fair'
One member of the women’s volleyball team at San Jose State University is part of a lawsuit challenging the presence of transgender athletes in women’s college sportsSports - ABC News - October 28 -
8 Strategies to Boost Black Friday Sales
If your business participates in Black Friday promotions, these expert tips will help you prepare.Business - Inc. - 1 hour ago -
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 -
Remy Cointreau Warns of Sales Plunge as U.S., China Woes Persist
The maker of Remy Martin and Cointreau ditched its forecast of a gradual organic sales recovery over the course of the year to March 2025 and projected, instead, a decline in the double-digit ...Business - The Wall Street Journal - October 25 -
This popular ‘Trump trade’ may have run its course — at least for now, strategist says
One key ally of former President Donald Trump grabbed headlines recently when he suggested that $2 trillion in federal spending could be cut during a second Trump Administration. That could mean ...Business - MarketWatch - October 30 -
Charter’s broadband saga may have bottomed. Has its stock done the same?
Charter shed 110,000 internet customers in the quarter, but a MoffettNathanson analyst thinks the rate of decline has bottomed out.Business - MarketWatch - November 1 -
Colorado Avalanche Goalie Woes Prompt NHL Trade Rumors
Multiple intriguing NHL goalies came up in trade speculation while the Colorado Avalanche continue to struggle with netminding early in the campaign.Sports - Yahoo Sports - October 21 -
Wall Street is entering its best 6 months of the year. Why the stock-market rally has more room to run.
The U.S. stock market is about to enter historically its best six months of the year, after defying the popular Wall Street adage to “sell in May and go away” with strong gains.Business - MarketWatch - October 30 -
AppLovin’s stock easily seals its best week ever. It’s now up 600% this year.
The ad-tech company is now approaching a market capitalization of $100 billion.Business - MarketWatch - 20 hours ago -
'Trump Trade': Election news leads to biggest 1-day stock market gain in 2 years
The “Trump-Trade” was in overdrive Wednesday, making it one for the history books on Wall Street with record finishes for all three major stock indices.Top stories - ABC News - 2 days ago -
U.S., China trade tariffs escalating would be 'costly for everybody,' IMF deputy director says
An escalation of tensions around trade and tariffs would have economic consequences around the world, Gita Gopinath, deputy managing director of the IMF, said.Business - CNBC - October 23 -
Why Nick Sirianni felt Eagles didn't have to make any moves at trade deadline despite activity in prior years
The Eagles stood pat at the trade deadlineSports - CBS Sports - 2 days ago -
Germany’s top economic panel gripped by strife amid internal lawsuit
Council of Economic Experts is grappling with dispute with one member over how to address potential conflicts of interestWorld - Financial Times - 5 days ago -
Ford’s CEO loves his electric vehicle. One issue — it’s not a Ford. And it’s made in China.
Ford CEO Jim Farley has fallen in love with an electric vehicle, and it’s not made by his company.Business - MarketWatch - October 25 -
EU set to impose duties on imports of electric vehicles from China from Thursday
EU set to impose duties on imports of electric vehicles from China from ThursdayWorld - ABC News - October 29 -
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Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
Ethiopia this year became the first country in the world to ban the importation of non-electric private vehiclesWorld - ABC News - 6 days ago -
EY slims workforce for first time in 14 years
Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010Business - Financial Times - October 17 -
Rachel Reeves: The chess fanatic playing Labour's first big gambit
Profile of the UK's first female chancellor as she prepares to deliver first Labour Budget in 14 years.Top stories - BBC News - October 25 -
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.Business - CNBC - October 24
