Ford announced on Thursday that it will offer widespread discounts on several vehicle models in an effort to keep car buyers engaged—just hours after President Donald Trump’s 25% tariff on auto imports took effect.
Read More Ford Slashes Prices As Volvo, Mercedes Consider Expanding U.S. Production Amid Trump’s Auto Tariffs
Contracts to buy previously owned homes dropped to a record low in July as higher prices and borrowing costs drove potential buyers from the market.
Read More US pending home sales tumble to record low in July
The world’s largest networking equipment maker had struggled with sluggish demand as customers adjusted piled up inventory from frenetic buying during the pandemic.
Read More Cisco rises as networking equipment demand rebound takes root
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four years
with Jason Nelson
Read More Let Them Eat… Cat Food? & Cattle Inventory Down 2%