The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year. However, there are concerns regarding the sustainability of this growth for the rest of the year. Factors such as growing vehicle inventory levels, increasing incentives, and uncertainty surrounding the economy, interest rates, and the upcoming
Tesla, the innovative electric vehicle manufacturer, has recently issued two new recalls for its Cybertruck pickups in the United States. This marks the third and fourth recalls for the Cybertruck, with the latest issues involving physical repairs that require appointments with Tesla service centers. The recalls address problems with trim pieces that can come loose
As Asian shares continue their volatile journey, recent losses have been met with some gains. However, the upcoming events such as the first U.S. presidential debate and the first round of voting in the French election are keeping investors on edge. The potential impact of political shifts in major economies is a cause for concern
Sri Lanka is on the brink of signing a debt restructuring agreement with a group of creditor nations, signaling a crucial development in the country’s efforts to navigate its severe economic crisis. Foreign Minister Ali Sabry revealed that the agreement is expected to be finalized on Wednesday, marking a significant milestone in Sri Lanka’s journey
Asian stocks witnessed a boost on Tuesday, aiming to recover from recent losses amidst looming concerns of a potential trade war between China and the West. Investors are on edge as Chinese and European leaders engage in discussions surrounding import tariffs on Chinese electric vehicles. While this has led to market stabilization in Chinese markets,
Two federal judges, one in Kansas and another in Missouri, have recently blocked President Joe Biden’s administration from implementing a new student debt relief plan. At the urging of several Republican-led states, U.S. District Judge Daniel Crabtree in Wichita, Kansas, and U.S. District Judge John Ross in St. Louis, Missouri, issued injunctions preventing the Department
Inspire Medical Systems and ResMed took a hit, with a 14% and 11% drop respectively due to news about Eli Lilly’s weight loss drug tirzepatide showing positive effects on treating obstructive sleep apnea. This resulted in a drop in their stock prices. Eli Lilly stock, however, saw a 2% increase following the announcement. RXO Shares
In an effort to revitalize its online marketplace, Target has announced a partnership with Shopify that will bring a range of new and trendy brands to its website. The collaboration, set to kick off on Monday, will enable Shopify merchants to apply to join Target Plus, the retailer’s third-party marketplace. Target’s Chief Guest Experience Officer,
Recently, the European Union regulators have accused Apple of violating new tech rules due to its restrictions on steering customers to alternatives in its App Store. The European Commission has initiated a probe into Apple’s new contractual terms with developers under the Digital Markets Act (DMA). This act aims to address the dominance of Big
In a recent interview, two external members of the Reserve Bank of India’s monetary policy committee (MPC) expressed their views on the need for an interest rate cut to sustain high growth in India’s economy. Ashima Goyal and Jayanth Varma, both of whom voted to cut the benchmark rate at the last policy meeting, argued