China’s electric car boom is expected to slow down in 2025

Key Points

China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.
Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week.
China’s mix of subsidies and consumer purchase incentives have supported the rapid growth of new energy vehicles in recent years.

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Finance

Stocks making the biggest moves after hours: Nike, Dave & Buster’s, RH and more

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Check out the companies making headlines after the bell : Nike — The athletic apparel stock slipped 2% after its North America revenue came in at $5.03 billion, while analysts surveyed by LSEG had expected $5.04 billion. However, Nike posted fiscal third-quarter earnings of 35 cents per share and $11.28 billion in revenue. That exceeded […]

Finance

Warren Buffett says Iran bomb would make nuclear disaster harder to avoid

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Key Points Berkshire Hathaway chairman Warren Buffett said that the rising number of nuclear-armed states has altered the global risk landscape. “I would say that one way or another… in the next 100 years — maybe it’s 200 years, who knows — something will happen to cause it to be used,” he said. Source

Finance

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