First TVs, now tortilla chips: American companies set minimum prices to stop discounting

NEW YORK, Nov. 17 (Reuters) – Makers of everything from toys to wafers are increasingly placing minimum prices on their items to maintain profits and limit price cuts as retailers like Walmart do so. (WMT.N) and Amazon.com Inc (AMZN.O) Trying to attract sales from each other over the Internet. As a result, shoppers are faced … Read more

Exclusive: Tesla considering exporting Chinese-made electric cars to US sources

SHANGHAI, November 11 (Reuters) – TESLA (TSLA.O) Two people familiar with the planning are considering exporting electric cars made in China to the United States, a reversal that would reflect the automaker’s deep cost advantage at its Shanghai plant and sluggish demand from Chinese consumers. Tesla is studying whether parts made by its suppliers in … Read more

Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from the US privacy regulator and the exit of the company’s trust and safety leader. In his first conference call with employees, the billionaire said he couldn’t rule out … Read more

As the yen drops, gadget-loving Japan turns to used iPhones

TOKYO (Reuters) – For years Japanese shoppers have been eagerly waiting for the latest hardware, but now a weaker yen has put new iPhones out of reach for some and sparked a growing second-hand trade in a key market for Apple Inc. (AAPL.O). The Japanese currency’s slide to a 32-year low against the dollar has … Read more

Volkswagen says supplies are dwindling here to stay as profits stagnate

Luxury carmakers are in a better position to face the slowdown Shares are down 2.7%, lower than the DAX Anticipates deliveries in line with 2021, maintains margin forecast Inventories rise as supply chains falter BERLIN, October 28 (Reuters) – Volkswagen (VOWG_p.DE) He said supply chain problems were the new norm as it reported stagnant earnings … Read more

Texture deepens rush to China, undeterred by stagnation of luxury goods market

SHANGHAI (Reuters) – Baoji, a northwestern Chinese industrial city of 3 million people, doesn’t fit most people’s idea of ​​a luxury market. However, sometime soon, it will be home to US brand Coach store. The store is one of 30 stores in China that train Tapestry Inc (TPR.N) Jan Buzek, president of the company in … Read more

Bad report cards in US companies raise recession fears

Oct 25 (Reuters) – US technology giants Alphabet (GOOGL.O) and Microsoft (MSFT.O) for General Electric (GE.N) and game maker Mattel (MAT.O) On Tuesday, it reported a significant slowdown in growth or warned that things were only going to get worse, sparking recession fears and sending stocks lower. The series of disappointing results point to a … Read more

Dollar absorbs suspected yen intervention, mixed China data

https://tmsnrt.rs/2zpUAr4 The dollar was affected against the yen due to the suspected intervention of the Bank of Japan Stocks pare early gains as Chinese markets dip Chinese GDP beat expectations but retail sales disappoint Stg rocks as Boris Johnson bows out of PM . race SYDNEY (Reuters) – The U.S. dollar withstood another suspected explosion … Read more

Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more

Wall Street falls on inflation fears and interest rate hikes

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow 0.70%, S&P 0.72%, Nasdaq 0.67% Oct 6 (Reuters) – Wall Street’s main indexes fell on Thursday on concerns about continued inflation and the Federal Reserve’s … Read more