Oil Price Surges, Dow Drops
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If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and consumers. That could lead to businesses to cut jobs, particularly in the high-growth tech sector, and force Americans to pull back on spending, which drives more than 70% of economic activity in the U.S.
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
NIO navigates BYD-led price wars, improves margins, and projects 25%-30% YoY delivery growth. See why we recommend a buy on NIO stock here.
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Stocktwits on MSNBYD Reportedly Plans $20B Europe Push While Warning China's EV Price War Is ‘Not Sustainable’BYD (BYDDY) reportedly plans to spend up to $20 billion expanding its presence in Europe over the coming years, a senior executive said, even as the company navigates intense price competition in its home market of China.
Shipping companies rerouted their ships from China when tariffs were over 100%, and now it will take a while to get them back down.
Major Chinese car manufacturers have pledged to make payments to suppliers within 60 days, responding to a recent outcry from steelmakers over long payment times as well as regulatory pressure as the backlash to a punishing price war grows.
Beijing summoned industry leaders for talks earlier this month, telling EV makers not to sell cars below cost or offer unreasonable price cuts.
Inflation broadly held steady in May — and by some measures cooled unexpectedly — as price growth data showed few signs of President Donald Trump’s tariffs hitting the consumer economy
Sales at Britain's biggest supermarket chain are up 4.6% year-on-year, as own-brand and premium products prove popular.
Bank of America: Saudi Arabia is preparing for a prolonged oil price war to regain market share. U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid rising costs and geological limits.