Volkswagen profit plunges 64% as China sales slide

Foreclosures in China Soar, Threatening to Choke Off Bank Profits

When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.

Business - The New York Times - November 4

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

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?

With iPhone sales down and Apple Intelligence banned, Apple looks ready to compromise.

Tech - Wired - October 26

China expands its EV charging network as sales surge

World - Yahoo News - November 7

China retail sales beat forecasts in October while real estate slump worsens

Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.

Business - CNBC - November 15

China retail sales pick up speed, beat forecasts in October

World - Yahoo News - November 15

Temu owner PDD misses sales estimates amid China slowdown

Shares drop after tech group warns on ‘intensified competition’

World - Financial Times - 2 days ago

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - October 30

Moderna posts surprise profit as Covid vaccine sales impress, cost cuts take hold

Moderna said its newest Covid vaccine saw benefits after winning approval in the U.S. three weeks earlier than the last iteration of the shot did in 2023.

Business - CNBC - November 7

Apple reports robust demand for iPhone 16 even as overall sales in China slow

Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phone. Apple reported strong demand for the iPhone 16 in its quarterly earnings ...

World - The Guardian - October 31

Jane Street invested in start-up turning China’s noodle shop sales into securities

Micro Connect has amassed wealth of real-time data on China’s economy by financing small businesses in exchange for revenues

World - Financial Times - November 15

Volkswagen is in crisis again. Can it be reformed?

Europe’s largest carmaker is at war with workers and politicians as it tries to navigate a painful EV transition

World - Financial Times - October 31

The family shop saying goodbye after 64 years

The Hartley family has watched the world from behind the counter of their store since 1960.

The story of the Nintendo Switch in 15 slides

Nintendo's executives gave a slide show that told the state of the Nintendo Switch game console.

Tech - VentureBeat - November 7

FirstFT: Japan plunges into political chaos

Also in today’s newsletter, oil price falls and Franklin Templeton hit by record outflows

World - Financial Times - October 28

Target Shares Tumble on Earnings Miss

The stock fell 21% after the retailer posted disappointing quarterly results and lowered its guidance for the full year.

Business - The Wall Street Journal - 2 days ago

Foreign Election Interference, and Volkswagen May Close Factories

Plus, why you should never cross a crow.

Top stories - The New York Times - October 29

Volkswagen and Rivian Form Joint Venture, Deepening Alliance

The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.

Business - The New York Times - November 12

Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion

Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.

Business - MarketWatch - November 13

Head of Volkswagen’s North American division steps down

Pablo Di Si leaves carmaker ‘at own request’ to be replaced by Porsche veteran amid push to regain US market share

World - Financial Times - 3 days ago

Matt Gaetz withdraws as Trump’s nominee for US attorney-general

Former congressman says controversy around his nomination had become a ‘distraction’

Business - Financial Times - Yesterday

Volkswagen workers in Germany prepare to strike within weeks

Executives reject union proposal that would rule out factory closures in the country

World - Financial Times - Yesterday

The Budget Hawk Atop a Tech Giant's $64 Billion Spending Spree

Amy Hood is at the center of Microsoft’s bet-the-company dive into AI.

Tech - The Wall Street Journal - November 1

8BitDo Nintendo 64 Wireless Controller Is Now Available To Preorder In Black At Amazon

8BitDo 64 Bluetooth Controller (White) $40 | Releases March 19, ...

Tech - GameSpot - November 4

Musician Tyka Nelson, Prince's sister and only full sibling, dies at 64

Minneapolis musician Tyka Nelson, Prince’s only full sibling, died Monday

Entertainment - ABC News - November 5

Minneapolis musician Tyka Nelson, Prince's sister, dies at 64

Minneapolis musician Tyka Nelson, Prince's only full sibling, died Monday.

Tyka Nelson, singer and Prince's only full sibling, dies at 64

Tyka Nelson, a Minneapolis-based singer and Prince’s only full sibling, died Monday morning, a representative for Prince’s estate confirms to Variety.

Lions' Jared Goff connects with Jameson Williams for 64-yard touchdown

Williams caught a pass over the middle from QB Jared Goff before sprinting into the end zone.

Sports - ESPN - 5 days ago

Narin An leads with a 64 in the wind as Nelly Korda struggles in LPGA finale

Narin An is the surprise first-round leader at the richest-paying event on the LPGA Tour

Sports - ABC News - Yesterday

It's-A Me, Mario Talking Action Figure Is 64% Off For Black Friday At Amazon

If you're shopping for a Super Mario fan this holiday, Amazon and Target have great deals on popular talking Mario action figures and posable plushies for Black Friday . Amazon also has a nice ...

Tech - GameSpot - 8 hours ago

Ohtani hurts shoulder in G2, set for more testing

Shohei Ohtani suffered a shoulder injury while sliding into second base on a steal attempt. Dodgers manager Dave Roberts said the superstar had a minor dislocation and would undergo further testing.

Sports - ESPN - October 27

Winston injects life into Browns to help end slide

Jameis Winston, making his first start since 2022, helped end the Browns' losing streak by injecting life into an offense that had been one of the NFL's worst.