CYCP08

Exclusive: Geely plans to turn London black cab maker into powerhouse

Exclusive: Geely plans to turn London black cab maker into powerhouse

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COVENTRY, England, Jan 23 (Reuters) – China’s Geely (0175.HK) is planning a big investment to transform the maker of London’s iconic black cabs into a high-volume all-electric brand with a range of commercial and passenger vehicles, unit leaders told Reuters. London Electric Vehicle Company (LEVC) is also aiming to expand its range of services, which …

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US home sales fall to 12-year low; glimmers of hope are emerging

US home sales fall to 12-year low; glimmers of hope are emerging

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Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the …

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Wall Street ends up with help from Nike, FedEx and consumer sentiment

Wall Street ends up with help from Nike, FedEx and consumer sentiment

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Consumer confidence rebounds in December Data shows lower home sales in November Nike jumps on strong second-quarter results FedEx soars on cost-cutting plans Indices up: Dow 1.60%, S&P 1.49%, Nasdaq 1.54% Dec 21 (Reuters) – All three major Wall Street stock indexes closed higher on Wednesday for their biggest daily gains so far in December …

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The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

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Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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Tesla slashes prices in China by up to 9% as analysts warn of 'price war'

Tesla slashes prices in China by up to 9% as analysts warn of ‘price war’

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SHANGHAI, Oct 24 (Reuters) – Tesla (TSLA.O) has slashed starter prices for its Model 3 and Model Y cars by up to 9% in China, reversing an upward trend across the industry amid signs of slowing demand in the world’s biggest car market. The price cuts, posted Monday on the electric vehicle (EV) giant’s Chinese …

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