A near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.
Read More Industry pain abounds as electric car demand hits slowdownTag: demand
Tesla set to erase $70 billion in valuation after Musk’s sales warning
Tesla tumbled nearly 11% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts.
Read More Tesla set to erase $70 billion in valuation after Musk’s sales warningHonda to focus on selling hybrid vehicles, light trucks in US this year
Honda said it would continue to focus on sales of hybrid models and light trucks this year in response to more demand for those vehicles.
Read More Honda to focus on selling hybrid vehicles, light trucks in US this yearApple overtakes Samsung as top seller of smartphones
Apple ended Samsung Electronics’ 12-year run as the largest seller of smartphones in the world.
Read More Apple overtakes Samsung as top seller of smartphonesApple hits seven-week low after Barclays downgrade
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
Read More Apple hits seven-week low after Barclays downgradeWall Street ends mixed after job openings hint at cooling economy
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.
Read More Wall Street ends mixed after job openings hint at cooling economy