Electric vehicle leader Tesla is expected to report lower earnings on higher sales Wednesday evening after the electric vehicle maker slashed prices to draw in buyers. The EV…
Read more Tesla’s Price War Could Hit Its ProfitsSurprise crude oil production cuts from Saudi Arabia and other oil-rich countries shouldn’t produce worries of skyrocketing gas costs for U.S. drivers still smarting from last year’s pump…
Read more The surprise OPEC+ oil production cuts will increase gas prices — here’s how muchThe numbers: The cost of U.S. goods and services rose by a milder 0.3% in February, perhaps a sign the Federal Reserve’s fight against high inflation is showing…
Read more Inflation softens in February, PCE finds, and takes some pressure off FedThe numbers: The U.S. economy accelerated in March, S&P Global surveys showed, but so did inflation as companies raised selling prices. The S&P Global Flash U.S. services-sector index…
Read more U.S. economy speeds up in March, S&P finds, but so does inflationChinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats up…
Read more Chinese EV maker Xpeng cuts prices after Tesla moveThe numbers: The S&P CoreLogic Case-Shiller 20-city house price index fell 0.5% in October, its fourth monthly decline. Year-over-year prices rose rose 8.6%, slowing from 10.4% in the…
Read more U.S. home prices fall for fourth month in October as high mortgage rates biteTesla Doubles Discounts on Model 3 and Model Y Vehicles Source link
Read more Tesla Doubles Discounts on Model 3 and Model Y VehiclesBy Robb M. Stewart OTTAWA–Producer prices in Canada eased in November, led by energy products, and Canadian companies paid slightly less for raw materials. Statistics Canada’s industrial product…
Read more Canada Producer Prices Slip in NovemberThe pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of…
Read more The PC boom has gone bust, and we are about to see the results ahead of Black FridayBillionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and…
Read more Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t…
Read more Oil Could Rise After Latest EU Sanctions on Russia. Why a Rally May Not Last.U.K. inflation accelerated in October, reaching a fresh four-decade high, as higher wholesale energy prices fed through households’ utility bills. The U.K.’s Office for National Statistics said Wednesday…
Read more U.K. inflation hit fresh four-decade high of 11.1% in OctoberBy Joshua Kirby The French government will cover a part of companies’ electricity bills, with big energy firms asked to contribute to the cost, a minister told TV…
Read more France to Pay Part of Companies’ Electricity BillsNASHVILLE, Tenn. — A mortgage industry group is expecting a recession to hit the U.S. economy. “We’re forecasting a recession for next year,” Mike Fratantoni, senior vice president…
Read more Mortgage industry group predicts recession next year, expects mortgage rates to come back down from 7%With inflation still an untamed threat, Friday’s announced merger of the grocers Kroger and Albertsons will spur debate about whether the consolidation will raise food prices, or lower…
Read more Kroger and Albertsons Say Their Merger Will Cut Prices. Their Shares Are Tumbling.An oil supply cut from the Organization of the Petroleum Exporting Countries threatens to deepen a global energy crisis by sending oil prices higher at a time of…
Read more OPEC+ supply cut threatens to tip global economy into recession, IEA says
