Uk New Car Sales Hit 30 Year Low But Electric Vehicle Demand Soars
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90% of qualifying electric-vehicle buyers opt for $7,500 'new clean vehicle' tax credit as upfront payment, Treasury says
Most qualifying buyers of new electric vehicles choose to get their tax break as an advance payment instead of waiting until tax season.CNBC - Business -
BMW sales up slightly in Q1 as carmaker hits electric milestone
BMW delivered a total of 594,671 vehicles in the first quarter, a rise of 1.1% on the same time last year, according to a statement from the company. Sales of electric vehicles were at 82,700 during the first three months of the year, ...Yahoo Sports - Sports -
Tesla delayed deliveries of its Cybertruck in recent days, buyers said, the latest stumble for the automaker facing weakening demand for its electric vehicles.
Tesla delayed deliveries of its Cybertruck in recent days, buyers said, the latest stumble for the automaker facing weakening demand for its electric vehicles.The Wall Street Journal - World -
Inflation hits two-and-a-half year low as meat prices fall
New official figures show that inflation, the rate at which prices rise over time, fell again in March.BBC News - Top stories - Inflation -
China Vehicle Sales Rebound
China vehicle sales rose in March, bouncing back from a weaker showing the prior month, signaling that demand may be turning a corner.The Wall Street Journal - Business - China -
Tesla plans to slash more than 10% of its global workforce and two of Musk's top deputies said they were leaving the company, a shake-up that reflects a broader cooling in consumer demand for electric vehicles.
Tesla plans to slash more than 10% of its global workforce and two of Musk’s top deputies said they were leaving the company, a shake-up that reflects a broader cooling in consumer demand for electric vehicles.The Wall Street Journal - World -
The electric vehicle revolution is running out of steam
Governments need to work with carmakers to reduce the obstacles to adoptionFinancial Times - World -
Ford Slows Its Push Into Electric Vehicles
The automaker said it would delay new battery-powered models and shift its focus to hybrid cars, sales of which are rising fast.The New York Times - Tech -
Tax Guide 2024: Electric-Vehicle Tax Credits
A guide on the changing rules for federal tax credits for buying electric vehicles and home chargers.The Wall Street Journal - World -
Car Insurance Prices Rise as Vehicle Prices Decline
Business owners and drivers can't catch a break in the battle to cut transportation costs.Inc. - Business -
Booming AI demand threatens global electricity supply
Tech chiefs warn that power-hungry data centres are a bottleneck in developing artificial intelligenceFinancial Times - Business -
Small business optimism hits 11-year low as inflation fears won't go away
The NFIB's survey showed a reading of 88.5, down nearly a point from February to the lowest since December 2012.CNBC - Business -
Approval for Biden's handling of Israel-Hamas war hits new low in CBS News poll
As the conflict in the Middle East rages on, a new CBS News polling finds a rising number of Americans want President Biden to encourage Israel to stop its military actions in Gaza. CBS News elections and surveys executive director Anthony ...CBS News - Top stories - Joe Biden -
With violent rhetoric, Trump zeroes in on electric vehicles in effort to defeat Biden in Michigan
Trump has warned that Biden's policies encouraging the transition to electric vehicles would result in an economic “bloodbath” in the U.S. economy that would “kill” the auto industry.NBC News - Politics - Joe Biden -
U.S. Natural Gas Futures Fall on Low Demand
U.S. natural gas futures fell as weak demand and hefty inventories outweigh support from lower production.The Wall Street Journal - World -
European ports turned into ‘car parks’ as vehicle imports pile up
Chinese EV makers without sales networks or onward transportation among leading causes of congestion, say executivesFinancial Times - Business -
Erdoğan's electric car: Turkey's Togg T10X SUV gears up for Europe
Yahoo News - World -
What Happened When a German Car Factory Went All Electric
Volkswagen’s plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.The New York Times - Tech - Germany -
Drought-hit Colombia halts electricity exports to Ecuador
Yahoo News - World -
Gold Futures Hit New Record on Central Bank Buying, Safe-Haven Demand
Gold futures have set another record high, with the rally driven by central bank purchases, safe-haven demand and geopolitical tensions.The Wall Street Journal - World -
Vikes' Hockenson: NFL needs to look into low hits
T.J. Hockenson said Monday the NFL needs to look into low hits that are resulting in serious knee injuries for players.ESPN - Sports - NFL -
Nvidia isn’t just a chip stock, and could soar 30% when investors realize that
It’s perhaps hard to fathom that Nvidia could be severely underestimated by investors. But what if it is?MarketWatch - Business -
LVMH’s growth weighed down by softening China luxury demand
First-quarter revenues grew 2% at flagship fashion and leather goods unit, against an 18% jump a year agoFinancial Times - Business - China -
Rivian’s stock clocks a record low as electric-truck price competition heats up
Wall Street appears to be concerned that lower-priced electric trucks from Ford could put more competitive pressure on Rivian’s business.MarketWatch - Business -
Employee Engagement Fell to 11-Year Low in Q1
Engagement was already in a rut at the end of 2023. Now, it's fallen to just 30 percent.Inc. - Business -
FirstFT: US backs funding Ukraine from Russian assets
Also in today’s newsletter, millennial inequality and is time running out for Benjamin Netanyahu?Financial Times - World - Ukraine -
The Lego Wolverine Claw Is 30% Off During Target's Circle Week Sale
Of the many Lego sets on sale during Target's Circle Week event, one of the coolest is this kit based on Wolverine's Adamantium claws from the new X-Men '97 animated series on Disney Plus. Normally, the kit goes for $70, but you can grab it for ...GameSpot - Tech -
Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
Shares of Dr. Martens plunged to a record low in early deals after the shoemaker flagged a challenging 2025 outlook.CNBC - Business -
Bonnie Tyler hit soars on music charts during eclipse
"Every now and then it hits the charts," she wrote.CBS News - Entertainment -
UK mortgage demand returns to growth in first quarter
Quarterly Bank of England survey provides further evidence of property market stabilisingFinancial Times - World - United Kingdom -
12:30 Report — Trump hush money trial hits brief pause
{beacon} 12:30 REPORT It’s Wednesday. Every major story-line we’ve been following in the past few months seems to have peaked this week. Like: Trump’s trial, FISA, Ukraine aid, Israel aid, the Mayorkas impeachment, Johnson’s GOP infighting, etc. ...The Hill - Politics - Donald Trump -
EU Car Sales Record Biggest Drop in 16 Months
Registrations of new cars in the European Union fell 5.2% on year in March, the largest monthly drop since November 2022, and in line with a trend of softening demand.The Wall Street Journal - World - European Union -
Water levels in main reservoirs for Bogota, Colombia, hit critically low levels
Millions of people in Colombia's capital were forced to start rationing water Thursday as Bogota's main reservoirs hit critically low water levels. Aerial footage posted by the city's mayor showed low levels in two reservoirs that supply 70% of ...CBS News - Top stories -
The Offspring reflects on 30 years of 'Smash' with plenty of self-esteem
Recording on and off over 20 days in January and February 1994, the band from Garden Grove put together the record that would change the trajectory of its career.Los Angeles Times - Entertainment -
$30 billion in benefits are unclaimed each year – this is who’s missing out
Lack of awareness, education and fear are among the biggest barriersMarketWatch - Business -
Fears over coffee shortages send prices soaring to new highs
Heatwave in Vietnam damages robusta crop and prompts buying spree, pushing futures contract to highest since launchFinancial Times - Business -
The highs, lows and absolute absurdities from Year 1 of the NBA's Wemby Era
Victor Wembanyama, the most hyped phenom in a generation, put up a rookie season for the ages. We look back at the most memorable moments.ESPN - Sports -
UK won't suspend arms sales to Israel, says Cameron
There has been mounting pressure on the UK government to suspend arms sales amid the war in Gaza.BBC News - Top stories - United Kingdom -
Honda's new 'Ye' electrics for China feature SUVs and a sexy sedan
Yahoo News - World - China -
Meet Boston Dynamics’ new all-electric Atlas robot
The difference between hydraulics and electric motors is non-trivial, with tremendous implications in terms of cost, design, and performanceVentureBeat - Tech