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Navigating Sales Slumps: Proactive Strategies for Business Owners
The first step in addressing a sales slump is recognizing it early.Inc. - Business -
XPeng’s stock soars after EV maker’s sales beat by widest margin in 2 years
XPeng’s stock powered higher Tuesday, after the China-based electric vehicle maker reported first-quarter results that beat expectations by wide margins, fueled by higher deliveries and cost-cutting.MarketWatch - Business -
China Says It Will Start Buying Apartments as Housing Slump Worsens
Signaling growing alarm, policymakers ramped up efforts to stem a continued decline in real estate values.The New York Times - Business - China -
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 -
England's Kane suffers injury scare on Euros' eve
England captain Harry Kane is struggling with a back injury less than a month out from the European Championship, with Bayern Munich manager Thomas Tuchel confirming he will miss the final game of the season.ESPN - Sports -
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 -
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.MarketWatch - Business - China -
Bidet sales are flush with success
Bidets are common in Asia but are only just now catching on in America. Contributor Kelefa Sanneh finds out what's behind this recent stateside surge in interest and checks out some of the options from Toto, the global leader in bidet sales.CBS News - Top stories - Joe Biden -
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Honda Motor Plans to Invest Over $60 Billion on EV Strategy
The Japanese automaker plans to invest on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.The Wall Street Journal - Business -
Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.CBS News - Top stories - Joe Biden -
Nickel-rich Indonesia pitches EV battery plant plan to Elon Musk
Indonesia’s top investment official says the government has proposed building an electric vehicle battery plant to Tesla CEO Elon MuskABC News - Tech - Elon Musk -
U.S. Tariffs Close Off the Easiest Route to Affordable EVs
A new 25% tariff on Chinese EV batteries and parts could hit Tesla and Ford’s cheapest electric vehicles.The Wall Street Journal - World -
A Chinese Phone Maker Did Something Apple Couldn't: Make an EV
Xiaomi makes rice cookers, smartphones, lamps and now a car, showing how low the barriers to entry have become in the world of electric vehicles.The Wall Street Journal - World - Apple -
First companies sign up to AI safety standards on eve of Seoul summit
Rishi Sunak says 16 international firms have committed, but standards have been criticised for lacking teeth. The first 16 companies have signed up to voluntary artificial intelligence safety standards introduced at the Bletchley Park summit, ...The Guardian - World -
Amazon Is Hosting a Massive Book Sale
Ebooks, paperbacks, and hardcover editions are deeply discounted through May 20.Wired - Tech - Amazon -
Macy’s Reports Another Drop in Sales but Sees ‘Traction’ in Turnaround
The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.The New York Times - Business -
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Cash Crunch May Force Sale of Stability AI
As tech giants start to dominate the artificial intelligence market, smaller players feel the squeeze.Inc. - Business -
JD.com Beat Estimates With Higher Profit, Sales
Chinese e-commerce giant JD.com posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD.The Wall Street Journal - Business -
Aristocrat to Consider Sale, Spinoff of Game Developers
Australia-based slots and digital gaming company Aristocrat Leisure will consider a sale or a spinoff of two game developers that no longer fit in as well in its portfolio.The Wall Street Journal - Business -
Flats for sale with outside space in Great Britain – in pictures
From balconies with countryside and harbour views, to those with far-reaching cityscapes Continue reading...The Guardian - World -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - World -
The best early Memorial Day 2024 sales
Shop the best early Memorial Day deals across categories like mattresses, furniture, tech and more from brands like Casper, Burrow, Apple and Roku.NBC News - Top stories -
GameStop Shares Retreat on Declining Revenue, Stock Sale
The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.The Wall Street Journal - Business -
Rei Anniversary sale: The best deals to shop
Rei is having an anniversary sale from now until May 27th. Get up to 30% off on outdoor gear, fitness essentials and apparel from the retailer.NBC News - Top stories -
All The Best Deals In Samsung's Discover Sales Event
Select Samsung products are on sale during the company's week-long Discover Samsung Sales event, which kicked off today and runs through May 26. The online deals cover everything from TVs, smartphones, and PC monitors to microwaves, refrigerators, ...GameSpot - Tech -
California is imposing a new tax on guns. Will it impact sales?
Beginning July, state will become the first to charge an 11% excise tax, on top of federal and sales taxes, with an aim to reduce gun violence. Starting in July 2024, California will be the first state to charge an excise tax on guns and ...The Guardian - World - California -
XPeng Narrows Quarterly Loss on Better Sales, Margins
The Chinese electric-vehicle maker guided for a rise in second-quarter vehicle deliveries after its first-quarter net loss narrowed on higher sales and improved margins.The Wall Street Journal - World -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031ABC News - Tech - China -
Angry Tesla Owners Will Take EV Maker to Court Over Self-Driving Autopilot Claims
A judge declined to throw out the class action suit against Tesla brought by buyers who said the company's self-driving tech forecasts were misleading.Inc. - Business - Tesla -
Let Buffett’s Pilot truck stops set up EV chargers, not the government, GOP Sen. Tillis says
Washington’s three-year-old bipartisan infrastructure law has drawn flak for not delivering a lot of chargers for electric vehicles, but Republican Sen. Thom Tillis of North Carolina said Thursday that he views that as a good feature of the law, ...MarketWatch - Business -
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.MarketWatch - Business -
Chinese EV maker Xpeng aims to deliver its first flying car in 2026
Xpeng AeroHT, introduced the Land Aircraft Carrier, a large truck with a detachable flying two-seater passenger electric drone inside.CNBC - Business -
2025 Mercedes-Benz Electric G 580 EV: A Reformed Gas-Guzzler, Reviewed
The gas-powered G-Wagen is an “iron butterfly of masculine misrule,” says Dan Neil. But what about the electric version?The Wall Street Journal - World -
Chevy Bolt owners win $150 million settlement after EVs caught fire
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.CBS News - Top stories -
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Power demand from AI, EVs and Big Tech is now the energy sector’s No. 1 concern
If power systems fail, it’s lights out for the entire economy.MarketWatch - Business