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China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - Business - China -
NIO Shares Jump After Strong Sales Amid EV Price War
The Chinese electric-vehicle maker’s shares are on track for their largest one-day gain in more than two years.The Wall Street Journal - World -
NIO Shares Jump After Strong Sales Amid EV Price War
The Chinese electric-vehicle maker’s shares are on track for their largest one-day gain in more than two years.The Wall Street Journal - Business -
Enovix shrinks quarterly loss, vows to cut costs as battery maker’s stock soars 20%
Battery maker narrows quarterly loss and says it plans to cut more costs on its road to profitability.MarketWatch - Business -
Elon Musk Meets With China Official as U.S. Car Makers Tout EVs at Beijing Auto Show
While Tesla has a major base in Shanghai, it wasn't clear whether he was attending the trade show.Inc. - Business - China -
To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education
Dealership employees, who are employed outside Ford by dealers, are crucial for the company's sales, performance and customer engagement and satisfaction.CNBC - Business -
Nio’s stock soars as April EV deliveries more than double, new ET7 sedan launches
Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.MarketWatch - Business -
Shares of Nio soar more than 20% as EV deliveries more than double in April
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.CNBC - Business -
Stellantis Sales Fall Short of Expectations
Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes in North America as it prepares production for new models.The Wall Street Journal - Business -
Source: Majority control of Dolphins 'not for sale'
Majority control of the Dolphins is "not for sale," a source told ESPN, after USA Today reported that owner Stephen Ross turned down a $10 billion offer for control of the team, the F1 Miami Grand Prix and Hard Rock Stadium.ESPN - Sports - NFL -
Pinterest Stock Jumps on Higher Revenue, Narrower Loss
Pinterest shares jumped after the social-media platform reported higher quarterly revenue and a narrower loss.The Wall Street Journal - World -
Pinterest Records Higher Revenue, Narrower Loss
The social-media platform surpassed half a billion monthly active users and reporting 23% revenue growth, its fastest user and revenue growth since 2021. Shares rose 16% premarket.The Wall Street Journal - World -
Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Standard Chartered Posts Higher Profit on Trading Gains
The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending.The Wall Street Journal - World -
US warns rates to stay high as it battles inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.BBC News - Top stories -
Donald Trump Embraces Lawlessness, but in the Name of a Higher Law
When authorities are seen as corrupt, we celebrate those who defy them.The New York Times - Top stories - Donald Trump -
FirstFT: Fed to leave rates higher for even longer
Also in today’s newsletter, latest on campus demonstrations and cruise operator Viking’s market debutFinancial Times - World - Federal Reserve -
S&P 500 Moves Higher as Earnings Roll In
U.S. stocks rose as investors await Apple’s quarterly results among other earnings.The Wall Street Journal - World -
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.CNBC - Business -
McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Aston Martin losses jump 90% as SUV sales drop
British carmaker reports £138.8mn pre-tax loss as it wrestles with debtFinancial Times - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
StanChart beats profit forecasts on back of higher interest rates
Lender reports $1.9bn in first-quarter pre-tax profitsFinancial Times - Business -
Fed chair Powell signals that rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - World - Federal Reserve -
Fed chair Powell signals rates will remain higher for longer
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goalFinancial Times - Business - Federal Reserve -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
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Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Russell Wilson and Ciara to Pocket $31 Million From Sale of Washington Estate
The famous couple have found a buyer for their 11,000-square-foot Bellevue mansion, after recently selling an adjacent lot for $9.75 million.The Wall Street Journal - World -
Paramount CEO Bob Bakish to step down amid sale discussions
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.CBS News - Entertainment -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
How a negotiation over cable fees could weigh on Paramount's sale
Charter pays Paramount to carry its channels, including CBS and Nickelodeon. The outcome of the negotiations could weigh on Paramount's valuation in the event of a sale.Los Angeles Times - Entertainment