By Yifan Wang Chinese 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 Read more
Tag: cuts
‘Poker move’ or wake-up call? Wall Street weighs in on Tesla’s price cuts.
Tesla Inc.’s price cuts in the U.S. and Europe heightened worries on Wall Street about the electric-car maker’s margins and worsening demand at a moment when both aspects of the Read more
Ford stock falls, set to snap record win streak in wake of Tesla price cuts
Shares of Ford Motor Co. F, +1.59% dropped 3.5% in premarket trading Friday, putting them on track for their first loss in 11 sessions, to snap a record-long win streak. Read more
Tesla stock sinks toward 2 1/2-year low after China price cuts, dragging Nio, XPeng and Li down with it
Shares of Tesla Inc. TSLA, -2.90% took a dive in premarket trading Friday, after the electric vehicle maker cut prices in China again, which also weighed heavily on rival China-based Read more
Private companies to face revaluation cuts next year, executive at big tech investor warns
Tech investor and asset manager Baillie Gifford has warned of a tough 2023 for private companies as the market has not felt the “gravitational force” of higher interest rates yet. Read more
Meta follows Twitter in making major job cuts
From Meta Platforms Inc. to Twitter, big names in the tech sector have announced major layoffs in October and November. Facebook parent Meta META, +5.18% is cutting 11,000 employees, or Read more
Disney stock’s worst day in 2 1/2 years cuts nearly 80 points off the Dow’s price
Shares of Walt Disney Co. DIS, -11.81% tumbled 11.8% in morning trading, putting them on track to suffer their worst day in 2 1/2 years, after the media and entertainment Read more
ABN Amro economist now sees more Fed rate increases followed by deeper cuts
ABN Amro economist now sees more Fed rate increases followed by deeper cuts
Adidas cuts 2022 outlook after Yeezy partnership ends
Adidas again cut revenue and earnings guidance for the year to account for the end of its Yeezy label partnership with designer Kanye West, but said it expects a recovery Read more
Nintendo Cuts Forecast for Switch Console Sales for FY Ending March 2023
By Kosaku Narioka Nintendo Co. on Tuesday reported a 34% increase in its first-half net profit thanks to stronger sales of Switch software and a weaker yen, and raised its Read more