Used EVs Sell for Bargain Prices Now, Putting Owners and Dealers in a Bind
The sharp drop in the value of preowned electric vehicles stands in contrast to the broader used-car market. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
TPG Telecom Sells Fixed-Fiber Network to Vocus
Australia’s TPG Telecom agreed to sell its fixed-fiber network to Vocus, generating funds for future shareholder returns and investment into...
Unions Defy Their Leadership With More 'No' Votes on Contracts
Fed up with inflation and seizing a moment of labor power, workers at Boeing, AT&T and Southwest reject deals negotiated...
Tesla's Robotaxi Event Disappoints Investors
Shares in the EV maker fell after a much-hyped event was heavier on showbiz than financial details. Source link
Volkswagen Car Deliveries Fall as Industry Challenges Mount
Volkswagen delivered fewer cars in the third quarter as the automaker navigates an increasingly challenging market hit by a price...
Stellantis Falls as Executive Shake-Up Fails to Calm Nerves
Stellantis shares slipped following the troubled automaker’s announcement of a sweeping management reshuffle just days after it slashed full-year earnings...
Energy & Utilities Roundup: Market Talk
Woodside Energy and more in the latest Market Talks covering Energy and Utilities. Source link
Sanofi in Talks to Sell Controlling Stake in Consumer Health Arm to CD&R
The French drugmaker said the negotiations are for a potential sale of a 50% controlling stake in Opella. Source link
Auto & Transport Roundup: Market Talk
RENK Group, Delta Air Lines and more in the latest Market Talks covering the Auto and Transport sector. Source link
Financial Services Roundup: Market Talk
Man Group, Toronto-Dominion and more in the latest Market Talks covering Financial Services. Source link
Nippon Steel to Sell Stake in Calvert JV to ArcelorMittal in Push for U.S. Steel Deal
ArcelorMittal said it would take on Nippon Steel’s 50% stake in the joint venture if the Japanese steelmaker managed to...
After Years of Increases, Companies Are Rolling Back Prices
Businesses that sell a range of products from IKEA sofas to Air Jordan sneakers have said in recent weeks that...
Korea Zinc Raises Buyback Offer to Stop Takeover Bid
The South Korean company raised its share-buyback offer to frustrate a takeover bid by private-equity firm MBK Partners, in a...
Musk Shows Off Driverless Robotaxi to Be Priced Under $30,000
The electric-car maker also unveiled a second vehicle, a Robovan, designed to shuttle up to 20 people at a time....
Jeep-Maker Stellantis Outlines CEO Succession Plan, Management Shake-Up
The automaker’s CFO and North America chief are stepping down amid its U.S. troubles. Source link
This Chinese Miner Dominates Global Cobalt Supply. The U.S. Is Crying Foul.
With its rapid expansion in Africa, CMOC has seized the lead position in the metal used in EV batteries and...
Companies Are Scrapping or Rolling Back DEI Grants
A pullback in aid for Black- and Hispanic-owned small businesses follows litigation from activists. Source link
Chinese Brokerages' Merger Details Power Their Shares Higher
Shares of Guotai Junan Securities and Haitong Securities rose sharply after releasing details of their merger to form China’s biggest...
McDonald's Is Bringing Chicken to the Big Mac
The twist on the flagship sandwich shows how fast-food companies are adding more of the protein to their menus. Source...
CBS Interview on Israel Triggers Fight at Network; Shari Redstone Weighs In
An anchor critiqued Ta-Nehisi Coates’s new book, and Paramount’s controlling shareholder objected to how the network handled the matter. Source...
