Tesla Owners in China Protest Against Price Cuts
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EV News: Fisker Delisting, Tesla's Big Promo, and China's WTO Protest
A WTO dispute looms between the U.S. and China, while Elon Musk responds to softening demand at Tesla, and Fisker continues its slide.Inc. - Business - China -
China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.CNBC - Business - China -
Philippines lodges its 'strongest protest' against China over a water cannon assault
The Philippines has lodged its “strongest protest” against Beijing over a water cannon assault by the Chinese coast guard that injured Filipino navy crew members and damaged their boat in the disputed South China SeaABC News - World - China -
Tesla, Nio and Rivian all downgraded on slowing EV demand, pricing pressures
Tesla Inc. lost another bullish backer — one who said Monday that slowing demand, rising inventories and tightening liquidity should hurt the electric vehicle giant’s results over the next year.MarketWatch - Business -
Tesla’s Pivot to China Saved Musk. It Also Binds Him to Beijing.
Tesla and China built a symbiotic relationship, with credits, workers and parts that made Mr. Musk ultrarich. Now, his reliance on the country may give Beijing leverage.The New York Times - Business - China -
Tesla has had a ‘nightmare’ first quarter amid weak China demand
Wedbush’s Dan Ives trims his stock-price target for Tesla to $300 from $315 after a “perfect storm” of issues.MarketWatch - Business - China -
Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.CNBC - Business -
Oil prices end higher, buoyed by geopolitical tensions, Russia’s output cuts
Oil futures rose on Monday as investors monitored escalating geopolitical tensions in the Middle East and between Russia and Ukraine, while supply concerns continued to weigh on crude-oil prices.MarketWatch - Business - Russia -
Automakers beware: BYD can still afford to cut prices
EV giant has scope to sacrifice short-term profits to try to win a fierce battle for market shareFinancial Times - Business -
Legoland and Madame Tussauds owner to roll out surge pricing
Merlin Entertainments plans to introduce dynamic pricing to offset decline in visitors since pandemicFinancial Times - Business -
China’s ecommerce groups make inroads in South Korea with lure of low prices
AliExpress and Temu are undercutting domestic competition and US rivals in world’s fourth-largest online shopping marketFinancial Times - Business - China -
Nissan looks for partnerships to cut electric vehicle costs
Chief executive says ‘we cannot do this alone’ as carmaker responds to threat from Chinese rivalsFinancial Times - World -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
China’s Vanke vows to cut debt by $14bn as property woes mount
Nationwide slowdown hit sales and profits halved last yearFinancial Times - World - China -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Judge imposes gag order on Trump in hush-money trial – live
Judge in Trump’s hush-money criminal case imposes gag order to forbid him from attacking witnesses, prosecutors or jurors. The conservative justice Samuel Alito also asked about the role of the Comstock Act, a 19th-century anti-obscenity law that ...The Guardian - World - Donald Trump -
Troubled EV maker Fisker to cut some car prices by more than 30% to boost demand
Fisker Inc.’s stock got a slight reprieve Thursday after the troubled electric-vehicle maker announced large price cuts in an attempt to boost demand for its cars.MarketWatch - Business -
A third of home sellers are dropping list prices in this market. They may have ‘misjudged the market,’ economist says.
Some markets have seen a big bump in newly built homes, which is affecting supply-and-demand dynamics.MarketWatch - Business -
UK ‘slow to hold China to account’ for cyber-attacks against MPs and voters
As deputy PM expected to impose sanctions, head of international alliance says ministers have taken years to respond. The UK government has been too slow to respond to cyber-attacks by China, the head of an international group of parliamentarians ...The Guardian - World - United Kingdom -
How the U.S. is faring against China in computer chip race
The global competition to secure access to semiconductors is perhaps the most vital competition of all the battles for resources on the planet. Economic historian Chris Miller joins CBS News to discuss how lawmakers are addressing the challenge ...CBS News - Top stories - China -
China Files WTO Complaint Against U.S. Over Electric-Vehicle Subsidies
Beijing says rules that require vehicles to use parts from specific regions to qualify for subsidies are discriminatory and distort fair competition.The Wall Street Journal - World - China -
Yellen Warns China Against Flood of Cheap Green Energy Exports
The Treasury secretary, who plans to make her second trip to China soon, argued that the country’s excess industrial production warped supply chains.The New York Times - Business - China -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Boeing boss Dave Calhoun to step down; EU to investigate Alphabet, Apple and Meta – business live
Live, rolling coverage of business, economics and financial markets as Boeing chief executive departs after safety incidents including mid-air door blow-out. The government’s shareholding in NatWest Group has fallen below 30% for the first time ...The Guardian - World - Apple -
Australia to Invest A$1 Billion on Domestic Solar Panel Push to Cut Reliance on China
Yahoo News - World - China -
Why the Packers and 49ers voted against the NFL's radical new kickoff rule that 29 other owners voted for
Three teams voted against the changeCBS Sports - Sports - NFL -
Zach Wilson landing spots: Logical fits for ex-starting QB if he's traded; Jets owner says he won't be cut
The ill-fitted marriage appears to be coming to an endCBS Sports - Sports - NFL -
China cyber-attacks explained: who is behind the hacking operation against the US and UK?
Chinese hacking group APT 31 has been accused by UK and US officials of targeting critics of Beijing, while New Zealand’s systems have also been attacked. The US and UK have imposed sanctions on individuals and groups that they say targeted ...The Guardian - World - China -
Taiwan commissions 2 new navy ships as safeguards against rising threat from China
Taiwan has commissioned two new navy ships as a safeguard against the rising threat from China, which has been ratcheting up its naval and air force missions around the island that it claims as its own territory to be annexed by force if necessaryABC News - World - China -
Tractors brought to Parliament in farmers' protest
Farmers from across the UK drive tractors to Westminster to protest a lack of support for food producers.BBC News - Top stories -
Tesla’s Troubles Raise Questions About Its Invincibility
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.The New York Times - Tech -
BYD's Rise Challenges Tesla---and Its Valuation
BYD and Tesla have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big.The Wall Street Journal - World -
Tesla Dives Into Advertising After Years of Resistance
Tesla has for most of its history been firmly averse to advertising. In recent months, however, the electric-vehicle maker has hiked spending on a variety of paid media platforms—and not just the one owned by its boss, Elon Musk.The Wall Street Journal - World - Tesla -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
Call for protest exclusion zones outside schools
A government adviser made her recommendation after reviewing demonstrations outside a school in 2021.BBC News - Top stories -
Tractors in Westminster: Watch live as farmers protest in London
Farmers' activist groups have organised protests in London against low-cost agricultural imports.BBC News - Top stories -
Biden, Interrupted by Gaza Protesters, Says They ‘Have a Point’
After his event in North Carolina was disrupted by demonstrators, the president said that “we need to get a lot more care into Gaza.”The New York Times - Top stories - Joe Biden -
Biden reacts to pro-Palestinian protesters: 'They have a point'
President Joe Biden responded to pro-Palestinian protesters who interrupted his health care speech Tuesday, saying, "They have a point."NBC News - Politics - Joe Biden -
Biden reacts to pro-Palestinian protesters: "They have a point"
The majority of Americans now oppose Israel's military action in Gaza, according to a new Gallup poll. On Tuesday, President Biden acknowledged pro-Palestinian protesters who interrupted his speech in North Carolina. Semafor politics reporter ...CBS News - Top stories - Joe Biden -
A's fans protest, stay in parking lot for opener
Thousands of Athletics fans gathered in the Coliseum parking lot before Thursday night's Opening Day game against the Guardians but did not enter the stadium, a protest against the team's pending move.ESPN - Sports