Li Auto Cut Prices
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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 -
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 -
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 -
Target to cut prices on 5,000 items in bid to lure cash-strapped customers
Target joins other retailers and other major businesses moving to slash prices as inflation-weary consumers grow thriftier.CBS News - Top stories -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
European utilities cut renewable targets as high costs and low power prices bite
Trend of scaling back and reviewing plans highlights difficult economics of transitioning away from fossil fuelsFinancial Times - Business -
‘We know consumers are feeling pressured’: Target to cut prices on 5,000 items ahead of Memorial Day weekend
Retailer Target is competing on price with its bigger rival Walmart at a time when many Americans are struggling with inflationary pressures.MarketWatch - Business -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
Target cutting prices on thousands of basic items: Here's which items will cost less
The retail chain said customers will see lower prices on items ranging from milk to diapers.ABC News - Top stories -
Auto & Transport Roundup: Market Talk
Find insights on imports at Southern California ports, Freightos, Ryanair, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
The Next Grand Theft Auto Is a Lucrative Moving Target
Take-Two’s shifting forecasts have spawned a long waiting game, but a big payoff still likely.The Wall Street Journal - World -
Auto workers in Alabama vote against joining UAW
Workers at two Mercedes Benz plants in Alabama this week voted against joining the United Auto Workers union. The movement to unionize saw opposition, not just from the company, but also Republican Alabama Gov. Kay Ivey. Michael George has more.CBS News - Top stories -
Evening Report — Cohen faces questions about background, past lies
A quick recap of the day and what to look forward to tomorrow {beacon} Evening Report © Elizabeth Williams via AP Cohen takes a grilling on Trump trial witness stand Michael Cohen, former President Trump's one-time lawyer and "fixer" took ...The Hill - Politics -
‘Her stories are life itself’: Yiyun Li on the genius of Alice Munro
The Chinese American author of The Book of Goose pays tribute to the late writer, reflecting on the rich rewards of revisiting her stories over many years. A life in quotes: Alice MunroFive of the best Alice Munro short storiesTwo days after Alice ...The Guardian - World -
Craig Wright Lied About Creating Bitcoin and Faked Evidence, Judge Rules
A UK judge has determined that Craig Wright forged evidence in a campaign to prove he is Satoshi Nakamoto, creator of Bitcoin, in a move that prevents him from bringing further lawsuits in the country.Wired - Tech - Crypto -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
Grand Theft Auto VI release window updated to Fall 2025
Mark your calendars, Take-Two Interactive has update the release window for Grand Theft Auto VI to Fall 2025. GTA V also crossed 200M units.VentureBeat - Tech -
Grand Theft Auto maker firms up GTA 6 release date
The latest instalment of the hugely popular series will be released in autumn 2025, its publisher says.BBC News - Top stories -
Will Chinese auto investment jump Joe Biden’s tariff walls?
China’s EV manufacturers looking to produce in Europe and the US will be next stage of trade war gameFinancial Times - World - Joe Biden -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Food price rises 'returning to normal'
Grocery price inflation falls to its lowest since October 2021 but shoppers are still buying own-brand goods.BBC News - Top stories -
Hunt hints at another National Insurance tax cut
Jeremy Hunt promises further tax cuts, as he launches an attack on Labour's plans ahead of an election.BBC News - Top stories -
Tiger Woods will miss the cut at the PGA Championship at Valhalla
Tiger Woods will miss the cut at the PGA Championship at ValhallaABC News - Sports - Golf -
Trump trial updates: Cohen faces Trump team grilling over past lies, recollections
Follow the latest developments in former President Donald Trump's criminal hush money trial in New York.ABC News - Top stories - Donald Trump -
Academic and doctor Chris van Tulleken: ‘Ultra-processed products are food that lies to us’
The author on how his mission to improve our national diet began – and where it needs to go. Chris van Tulleken has suggested we meet at his local pizza place, Sweet Thursday, in Hackney, east London. If the choice seems counterintuitive for a man ...The Guardian - World -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
‘Grand Theft Auto VI’ won’t come until fall 2025, and Take-Two shares slip
Shares of videogame maker Take-Two-Interactive Software Inc. fell 2% in after-hours trading Thursday after the company said its highly anticipated “Grate Theft Auto VI” game won’t be released until fall 2025, and lowered its bookings forecast for ...MarketWatch - Business -
Hunt to claim only Tories will cut UK tax burden after the election
Chancellor to attack Labour in keynote speech after canvassing tech bosses’ views on growth measuresFinancial Times - Business - United Kingdom -
Replit cuts staff by 30 amid aggressive AI push in software development
Replit, a cloud-based software development platform, lays off 30 employees as it focuses on integrating AI into its coding tools, aiming to make programming more accessible.VentureBeat - Tech -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Hunt signals pre-election tax cut as Tories move on to campaign footing
UK chancellor accuses Labour of ‘a lie’ and funding ‘black hole’ in political speechFinancial Times - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage