Make noise! A murder and a movie stir Italians to loudly demand an end to violence against women

ROME — After the latest, horrifying killing of a college student allegedly by her resentful and jealous ex-boyfriend, students from Turin to Palermo have taken to pounding on classroom desks in unison to demand a stop to the slaying of women in Italy at the hands of men. Just days before the killing of 22-year-old … Read more

Peloton CEO apologizes after Thanksgiving ride struggles with demand

Many Peloton users were unable to get into Thursday’s Thanksgiving ride, prompting the company’s CEO to apologize. At 10AM ET Peloton kicked off its 10th annual “Turkey Burn” event, with the goal of breaking the Guiness World Record for “largest live cycling class.” But the company struggled with the demand, and many users were unable … Read more

Mortgage demand jumps to six week high as interest rates continue to drop

An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the … Read more

Polestar tackles softening EV demand with new tech and next-gen vehicles

Polestar showcased this week its vision for the future: new tech and next-generation vehicles that the Swedish EV company owned by China’s Geely Holdings hopes will spark sales and spur an era of growth. The inaugural Polestar Day event in Los Angeles — designed to sell investors and journalists on its potential for a profitable … Read more

Japanese automaker Honda reports its 3Q profit jumped on strong demand at home and in the US

TOKYO — Honda Motor Co.’s profit jumped 34% in July-September from a year earlier as a weak yen helped boost the Japanese automaker’s strong overseas earnings thanks to healthy demand, especially in the U.S. Tokyo-based Honda’s profit rose to 254 billion yen ($1.7 billion) from 189 billion yen. Quarterly sales gained 17% to 4.9 trillion … Read more

Lucid revises 2023 production amid softening demand for luxury EVs

Lucid has revised its 2023 production outlook amid softening demand for luxury electric vehicles, the company said Tuesday in its third-quarter earnings report. The EV maker said it will produce 8,000 to 8,500 vehicles by the end of the year, down from previous guidance of more than 10,000, to “prudently align with deliveries.” In the … Read more

Peak fossil fuel demand is coming, IEA says — and China will be key

A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China has changed the world’s energy system before and is set to do so again, as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. … Read more

Ford delays $12B in EV investments as automaker wrestles with demand

Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premium electric vehicles.  CFO John Lawler emphasized Thursday during the company’s third-quarter earnings call that the company wasn’t backing away from its next-generation EV … Read more

PC demand is back, says Acer CEO who sees robust growth

Taiwan-based computer manufacturer Acer said that personal computer demand is rebounding, after hitting the bottom this year. “We have seen the demand reach the bottom during about the May timeframe this year and ever since that, the demand has come back. For Q3, we have already seen year-to-year growth,” chairman and CEO Jason Chen told CNBC’s … Read more