business news
China’s Xpeng hikes price of cars following Tesla and other EV makers as raw material costs rise
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Chinese electric vehicle maker Xpeng will hike the price of its cars citing a sharp […]
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How this mechanic found a niche fixing Teslas and EVs
There’s an opportunity for entrepreneurs in the electric vehicle market. Electric vehicles are sweeping the auto industry, and while all the attention is directed at flashy car unveilings and automakers’ strategic plans to compete in an electric future, one crucial piece has largely been left out of the limelight — service. Tesla, the largest electric […]
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Buy this online thrift store as secondhand clothing market heats up, Jefferies says
ThredUp should benefit from increased interest in discount shopping, according to Jefferies. Source
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Piper Sandler double downgrades Wingstop, says restaurant stock will fall more than 15%
Piper Sandler moved its rating on Wingstop to underweight from overweight in a rare double downgrade. Source
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Porsche increases EV targets, confirms 911 hybrid sports car
The all-electric Porsche Taycan Turbo. Source: Porsche AG DETROIT – As the all-electric Porsche Taycan sedan outsells the German carmaker’s iconic 911 sports car, the company is increasing its EV sales targets. It also plans to roll out a hybrid version of the 911. Porsche on Friday announced it expects 80% of its global sales […]
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Missile strikes near Ukraine’s western city Lviv; Biden to speak with China’s Xi
Missiles hit western city of Lviv Several missiles hit an aircraft repair center on the outskirts of Lviv, western Ukraine, the city’s mayor said Friday. The attack suggests Russian forces are continuing to widen their attack. Many Ukrainians have fled their homes elsewhere in the country to the relative safety of Lviv. The city’s mayor, […]
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Nickel falls 12% to hit limit down again on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling […]
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The 4 types of vacations that may be hard to book in 2022
After two years of living with Covid-19, travelers are making big vacation plans again. But not every type of trip may be available this year, travel professionals said. That’s because many people postponed more ambitious vacations during the pandemic — in some cases two years in a row — leaving little room for new bookings […]
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Indian beauty company Nykaa looks to physical retail expansion to meet consumer demand for offline sales
While Nykaa started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you look at the math […]
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Putin’s next target may be Eastern Europe’s Moldova, analysts warn
Noul Neamt Monastery in Chitcani, Moldova, an area controlled by breakaway Transnistrian authorities. Pablo Bonfiglio | Moment | Getty Images Three weeks into the war in Ukraine, as Russia faces staunch and seemingly unexpected resistance on the ground, analysts have warned that President Vladimir Putin may be considering his next target: Moldova. A landlocked Eastern […]
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