Job Losses at Europes Car Parts Suppliers Soar As Vehicle Market Slows
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Is Klarna’s Vaunted AI Job Elimination Claim Really Pre-IPO Marketing?
The fintech company says it stopped hiring in 2023 as AI apps replaced workers, but evidence suggests things might not be quite so dire for human employees.Inc. - 8h -
Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe
Tesla's stock fell more than its megacap tech peers on Monday following President Donald Trump's announced tariffs.CNBC - 1d -
The Job Market Rebound Is Going to Catch Everyone Off-Guard
It’s going to be… awkward. And also fun.Inc. - 1d -
Is the US jobs market still looking solid?
Market Questions is the FT’s guide to the week aheadFinancial Times - 2d -
German defence groups turn to car supplier layoffs to meet soaring demand
Air defence radar maker Hensoldt offers to hire laid off engineers from Bosch and Continental as automotive job cuts riseFinancial Times - 4d -
Thales Alenia Space wins €862mn deal for Europe’s first lunar cargo vehicle
Argonaut expected to make its first mission to the Moon in 2031Financial Times - 5d -
PGA Tour contemplates announcing fines as part of study into slow play
More changes could be on the way for the PGA TourABC News - 6d -
Car production at UK plants falls below 1mn vehicles
European exports slide as carmakers wrestle with slowing sales of EVs in Germany and FranceFinancial Times - 6d -
Job Market ‘Solid,’ Inflation ‘Remains Somewhat Elevated,’ Fed Says
Despite inflation, all told, the economy is holding steady.Inc. - 6d -
How Trump tariffs could upend car markets in Europe, the US and China
Levies threaten exporters to US market, while scrapping of subsidies will hit EV sales – and Tesla could gain. The internal combustion engine appears to hold a special place in Donald Trump’s ...The Guardian - Jan. 29 -
Apple supplier Qorvo sees swift reversal in stock price after warning of weakness in smartphone parts
Qorvo, a key Apple supplier reported strong earnings and guidance, but the stock dropped after the company warned of flat sales to its "largest customer."CNBC - Jan. 28 -
Nvidia rises 6% in Tuesday bounce following largest market value loss in history
The chipmaker plunged 17% on Monday.CNBC - Jan. 28 -
Mona Lisa to be moved as part of ‘redesigned, enlarged Louvre’, Macron says – Europe live
French president says world’s most famous portrait will get its own room in the Louvre. As mentioned earlier, Danish prime minister Mette Frederiksen continues her European tour to show the EU’s ...The Guardian - Jan. 28 -
Coca-Cola Recalls Drinks in Parts of Europe Over High Levels of Chlorate
Elevated amounts of the chemical were found in some soft drinks sold in Belgium, Luxembourg and the Netherlands.The New York Times - Jan. 28 -
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four business units.CNBC - Jan. 28 -
HSBC to exit parts of investment banking business in UK, US and Europe
Lender to wind down in businesses where it has struggled to compete with rivalsFinancial Times - Jan. 28 -
Undergraduate certificate programs soar in popularity amid changes to labor market
The shifting labor market has fueled a huge spike in undergraduate certificate programs, which are vastly outpacing the growth in undergraduate enrollment in general. From 2019 to last fall, the ...The Hill - Jan. 28 -
Global hotel chains bet on cheaper end of market as Chinese economy slows
Hyatt, IHG and Radisson are expanding in China but shifting focus to more cost-conscious travellersFinancial Times - Jan. 28 -
Nvidia sheds almost $600 billion in market cap, biggest one-day loss in U.S. history
Nvidia shares plunged 17% on Monday, resulting in a market cap loss of close to $600 billion, the biggest drop ever for a U.S. company.CNBC - Jan. 27 -
Trump’s Mexico tariffs would shift plants to Asia, warns car parts maker
Sumitomo Electric head says president’s proposed 25% duty would amount to the US ‘strangling’ itselfFinancial Times - Jan. 23 -
How Trump's executive order will impact electric vehicle market
President Trump's executive order on electric vehicles could end subsidies and programs that promoted that aspect of the car market. Joann Muller, a transportation correspondent at Axios, joins CBS ...CBS News - Jan. 22 -
In Car-Loving L.A. After the Wildfires, the Charred Remains of Vehicles Cut Deep
For many residents, a set of wheels is an extension of their home, a key to their income or a source of priceless memories.The New York Times - Jan. 20 -
When market concentration bites. Europe’s GRANOLAs offer a lesson for U.S. investors, says Goldman.
Europe’s cream of the crop stocks have fallen on some tough times, and for U.S. investors, the lesson is clear, says Goldman Sachs.MarketWatch - Jan. 17 -
Travel group HBX to test Europe’s IPO market with Spanish listing
Hotel room wholesaler could be valued at €5bn in first big European flotation of the yearFinancial Times - Jan. 16 -
Wray defends Mar-a-Lago search: 'Part of the FBI’s job is to safeguard classified information'
Outgoing FBI Director Christopher Wray said Sunday the bureau had a duty to retrieve the documents stored in President-elect Trump’s Florida home, when it conducted a search of the premises in ...The Hill - Jan. 13 -
EU too slow to tackle single market abuse, say industry bodies
Number of cases opened against member states for breaches of EU law has dropped sharplyFinancial Times - Jan. 13 -
Strong Job Market Could Prove Costly for Homebuyers and Businesses. Here’s Why
The job market has shown resilience with unemployment falling to 4.1 percent last month.Inc. - Jan. 10 -
Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...CBS News - Jan. 10 -
US job market soars past expectations in last report before Trump retakes White House
Economy adds 256,000 jobs in December, with Biden boasting of 16.6m jobs created during presidency. The US labor market expanded strongly in the last jobs report of the Biden administration , ...The Guardian - Jan. 10 -
U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market
President Joe Biden will end his term with a relatively healthy labor market as the U.S. added 256,000 jobs in December and the unemployment rate ticked down to 4.1%.NBC News - Jan. 10 -
Friday's jobs report could present a mixed view of the labor market. Here's what to expect
Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.CNBC - Jan. 10 -
Mercedes-Benz Car Sales Drop Amid Challenging Market
Car sales fell 3% to 1.98 million last year in a challenging global market, with top-end vehicle sales weighed by market conditions in China, model changes and weak electric-vehicle demand.The Wall Street Journal - Jan. 10 -
Investors are on edge as Friday’s jobs report could make or break the stock-market rally
Rising Treasury yields are ratcheting up the anxiety for equity investors. Thursday’s stock-market closure offered only a brief reprieve from the mounting tension.MarketWatch - Jan. 9 -
Price Stability Slowly Returns to Used Car Markets
Reduced new auto production during the pandemic cut used car supplies, too, contributing to double-digit price fluctuations and sector instability that may finally be ending.Inc. - Jan. 9 -
UK government seeks to soothe bond market nerves after borrowing costs soar
Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’Financial Times - Jan. 9 -
EBay shares soar after Meta allows listings on Facebook Marketplace in U.S., Europe
Shares of eBay soared Wednesday as Meta announced it will allow some listings to show up on Facebook Marketplace in Germany, France and the United States.CNBC - Jan. 8 -
Job Openings Rise Unexpectedly to 8.1 Million in Resilient Labor Market
Ahead of hiring numbers due out Friday, the Labor Department said the November jump in job openings, up from 7.8 million the month before, shows companies still need workers.Inc. - Jan. 8 -
Job openings reverse long decline, but the U.S. labor market is still not out of the woods
President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also confronting a weakening labor market in which fewer jobs are available ...MarketWatch - Jan. 7 -
Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech
Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This ...GameSpot - Jan. 6 -
Sixth person dies from Magdeburg Christmas market car-ramming attack
Yahoo News - Jan. 6
