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: Markets/Marketing
U.S. import prices rise for first time in six months
The numbers: The cost of U.S. imported goods rose 0.4% in December to mark the first increase in six months, but there was little sign of intensifying inflationary pressures. Economists Read more
Canada Producer Prices Slip in November
By Robb M. Stewart OTTAWA–Producer prices in Canada eased in November, led by energy products, and Canadian companies paid slightly less for raw materials. Statistics Canada’s industrial product price index Read more
Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
U.K. inflation hit fresh four-decade high of 11.1% in October
U.K. inflation accelerated in October, reaching a fresh four-decade high, as higher wholesale energy prices fed through households’ utility bills. The U.K.’s Office for National Statistics said Wednesday that consumer Read more
Russian oil imports holding up, IEA says as it increases oil-demand view
More than 1 million barrels a day of Russian oil exports are set to be upended by Western sanctions expected to come into force within weeks, shipments Moscow will struggle Read more
From ‘coastal grandmother’ style to accessible farmhouse furniture, boomers are becoming popular among big brands
It was only three years ago that young millennials and Gen Z coined the phrase “OK, Boomer” as a way to dismiss and label their elders as old-fashioned. In addition, Read more
What FTX account holders can expect from the crypto exchange’s Chapter 11 bankruptcy
FTX, the unraveling cryptocurrency exchange, has plummeted from its high-profile perch into bankruptcy court. On Friday morning, FTX and related entities including Alameda Research, the affiliated crypto trading firm, filed Read more
Twitter’s advertiser exile is TikTok, Reddit and Snapchat’s gain, data suggests
In the two weeks since Elon Musk tried to reassure advertisers that Twitter wouldn’t turn into a “free-for-all hellscape” under his ownership, at least a few aren’t taking him at Read more
Daimler Truck sees higher revenue, boosted by strong sales, price increases
Daimler Truck Holding AG on Friday said revenue increased in the third quarter, boosted by strong vehicle sales and higher prices. The German commercial-vehicles maker DTG, +2.52% said revenue rose Read more