Latest in XPeng Halves Loss on Strong EV Sales, Record Margin
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XPeng Halves Loss on Strong EV Sales, Record Margin
Known for its high-end software-driven smart EVs, XPeng has targeted the mid- to low-price segments lately, hoping to woo price-sensitive customers.Business - The Wall Street Journal - 12 hours ago -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6 -
Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss
Carmaker to slash global production capacity by a fifth in emergency turnaround planWorld - Financial Times - November 7 -
Volvo Global Sales Boosted by EVs
The carmaker’s global sales rose 3% in October, with solid performance of its electrified range in Europe, but sales in the U.S. and China declined.Business - The Wall Street Journal - November 4 -
Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?
Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.Business - MarketWatch - October 30 -
Wendy’s stock falls as same-restaurant sales miss again, by a wide margin
Shares of Wendy’s Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.Business - MarketWatch - October 31 -
Amazon's cloud unit records highest profit margin in at least a decade
Amazon Web Services delivered an operating margin of over 38%, the highest since at least 2014.Business - CNBC - October 31 -
European stocks lag US by record margin as ‘Trump trade’ bites
Euro has tumbled as investors worry currency bloc will be on front line of trade warBusiness - Financial Times - 2 days ago -
Hermès defies luxury gloom with strong sales
Paris house posts solid growth in contrast to rivals Kering and LVMHBusiness - Financial Times - October 24 -
World’s largest olive oil producer says ‘liquid gold’ prices on track to halve from record levels
Spain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close.Business - CNBC - 4 days ago -
Sony reports healthy profits on strong sales of sensors and games
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network servicesTech - ABC News - November 8 -
Sony reports healthy profits on strong sales of sensors and games
Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network servicesEntertainment - ABC News - November 8 -
Treasury yields finish mixed as spike in rates sparks buying demand
Yields on U.S. government debt closed little changed on Friday after a post-data spike in rates triggered buying demand for most Treasurys.Business - MarketWatch - 4 days 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 -
Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
The milestone comes amid tough competition in China, the world's largest auto market, as well as higher tariffs on imports of Chinese EVs into the EU.Business - CNBC - October 31 -
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Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%
Ford Motor Co. reported earnings late Monday, but investors looked past a beat.Business - MarketWatch - October 28 -
Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
Rivian posted a wider loss and lower sales than Wall Street expected, but says it is making progress with its next-generation EV platform.Business - MarketWatch - November 8 -
Wales suffer record loss in heavy Australia defeat
Wales sink to an all-time results low in their 143-year international rugby history with a heavy loss to Australia in Cardiff with Warren Gatland under pressure.Top stories - BBC News - 2 days ago -
'It's challenging' - Gatland considers Wales future after record loss
Wales head coach Warren Gatland says he will think about his future following the record defeat against Australia in Cardiff.Top stories - BBC News - 2 days ago -
Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall
The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.Business - CNBC - October 31 -
Shares in weight-loss drugmaker Eli Lilly fall on disappointing sales
US group revises down upper end of full-year revenue estimatesBusiness - Financial Times - October 30 -
Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns
Billionaire Trump backer has targeted swing states with contest ahead of presidential electionBusiness - Financial Times - October 24 -
Beatles for sale: new home sought for Abbey Road recording console
Current owners hope to attract musicians who want to work with desk used to make fab four’s celebrated album – after it previously failed to sell. Millions of dollars worth of Beatles memorabilia ...World - The Guardian - October 26 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
Apple Sales Hit Quarterly Record as iPhone Business Rebounds
Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.Business - The Wall Street Journal - October 31 -
‘Fart blaster’ tops Christmas toy wishlist as experts predict record sales
Despicable Me 4 tie-in smells more like popcorn while a waddling duck and an interactive pet monkey also feature. A “fart blaster” with a repertoire of 15 sounds that blasts “fog fart rings” and a ...World - The Guardian - 6 days ago -
Walmart sales beat again and outlook raised, as retailer cites ‘resilient’ US customers
Walmart’s stock headed for a record after another earnings beat, as general merchandise sales turned positive.Business - MarketWatch - 8 hours ago -
The Russia-Ukraine War Intensifies, With Drone Attacks, Foreign Troops and Record Losses
The surge in fighting occurs as President-elect Donald Trump pledges to end the conflict.World - The Wall Street Journal - November 10 -
XPeng sees ‘knockout’ phase in China’s auto market in the next few years
XPeng’s stock gains after quarterly results top expectations, and the deliveries outlook was upbeat.Business - MarketWatch - 8 hours ago -
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
