by Bloomberg.com | Sep 3, 2024 | alerts, Markets/Economy
Dewu’s growing popularity is weighing on luxury sales, shares Hot luxury items sold at discounts up to 66% on Dewu China’s gray market — where brand new, authentic products are sold at steep discounts — is increasingly dwarfing some global luxury giants’ official...
by Bloomberg.com | Sep 3, 2024 | alerts, Markets/Economy
Chery Automobile Co.’s Omoda outsold Tesla, Jeep and Fiat in Spain last month, a promising sign for the Chinese automaker’s ambitious push into Europe. Omoda sold 744 new cars in August, a 8,167% increase over the nine cars registered in August of last year, according...
by Bloomberg.com | Sep 2, 2024 | alerts, Markets/Economy
German automaker heads for showdown with unions over plans EV slowdown, jittery Europe consumers weigh on manufacturers Volkswagen AG is considering unprecedented factory closures in Germany, setting up a showdown with powerful unions as the country’s most important...
by Bloomberg.com | Sep 1, 2024 | alerts, Markets/Economy
Economists say government must do more to hit growth target Manufacturing PMI posts 4th straight month in contraction zone China’s remaining growth engines are showing signs of sputtering while the property market continues to drag on the economy, highlighting the...
by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Warren Buffett’s Berkshire Hathaway Inc. won’t have to swiftly disclose its rapid-fire sales of Bank of America Corp. stock too much longer. That is, if he keeps whittling the investment. A fresh round of disposals disclosed late Friday trimmed the conglomerate’s...
by Bloomberg.com | Aug 30, 2024 | alerts, Markets/Economy
Dovish Fed helps markets bounce back from early-August rout Data on jobs, manufacturing will test faith of economic bulls It began badly. But four weeks on from the worst volatility blowup since the pandemic, August will go down as another grand gesture of confidence...
