slowdown
Car companies are cutting costs heading into the end of the year.A price war in China poses a threat to profitability.Bloated inventory leads to production cuts. It’s been a busy few days for auto companies.Ford and Volkswagen each pulled back vehicle production plans this week. After the last shift on…
Investing.com– U.S. stocks fell Tuesday as investors digested a series of quarterly corporate earnings, with the banking sector in the spotlight. The fell 325 points, or 0.75%, while the index dropped 42 points, or 0.7%, lower and the fell 181 points, or 1%. Bank earnings in spotlight Investor focus was squarely…
It’s not uncommon for Andi Norris to spend eight hours on set, running and jumping on all fours. The Los Angeles-based actor and stunt performer has worked on games such as “Resident Evil Village,” “Vader Immortal,” and “Magic: The Gathering Arena.”Making a creature come to life in a video game…
People are still flocking to Florida — and it could help residents ride out a potential economic slowdown.Economists at Wells Fargo wrote in a report published on August 27 that they expect the Sunshine State’s economy to fare better than the national average in the case of a slowdown, as…
By Ankika Biswas and Pranav Kashyap (Reuters) -Technology and bank shares led Europe’s benchmark stock index more than 1% higher on Thursday, with risk appetite boosted by strong U.S. retail sales data that eased fears of a slowdown in the world’s largest economy. The pan-European STOXX 600 closed at a…
By Alexander Marrow and Gleb Stolyarov LONDON (Reuters) – As Moscow has suppressed independent, Russian-language media, YouTube has remained a bastion of online freedom of expression, giving opposition figures a platform to air their views. Now, YouTube in Russia is living on borrowed time. Russian internet monitoring services reported mass…
By Mimosa Spencer PARIS (Reuters) -LVMH sales slowed in the second quarter as shoppers stung by a rise in prices held back on splashing out on high end fashion, likely offering little reassurance to investors worried about slowing growth in the luxury goods sector. Sales at the world’s biggest luxury…
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast (NASDAQ:) is delaying the launch of its planned $4 billion factory in North Carolina to 2028 and cutting its delivery forecast for this year by 20,000 units amid uncertainties in the global EV market. VinFast, founded by Vietnam’s…
Legrand (LR.PA), the global specialist in electrical and digital building infrastructures, reported a decrease in sales for the first quarter of 2024, aligning with market expectations due to a slowdown in the building sector. Despite the sales dip, the company maintained good margin resilience and confirmed its full-year targets, including…
By Mimosa Spencer and Dominique Patton PARIS (Reuters) -LVMH’s sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories. Slower sales growth of 3% reflected comparisons with…
