Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals on Tuesday, after the company raised its full-year guidance following better-than-expected first-quarter results. Stock pared gains … Read more
Tesla has ended discounts on inventory across its electric vehicle lineup — even as sales for EVs have flagged — as part of a larger and vague plan by CEO Elon Musk to “streamline the whole Tesla sales and delivery system.” “It has become complex and inefficient,” Musk wrote in a post on X, the … Read more
June Wan/ZDNET According to IDC, Samsung has overtaken Apple as the global leader in smartphone sales. (It was only three months ago that Apple topped Samsung for the first time in global smartphone shipments.) In the first quarter of 2024, 289.4 million phones were sold. How did that break down by manufacturer? The numbers tell a … Read more
Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% rise though below the upwardly revised 0.9% in February, according to Census Bureau data that … Read more
Beyoncé leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on Feb. 13, 2024. James Devaney | GC Images | Getty Images Western boots have a new protector in Beyoncé. The country fashion staple’s sales surged more than 20% in the week after the music superstar released her “Cowboy … Read more
(LONDON) — More than 600 British jurists, including three retired judges from the U.K. Supreme Court, are calling on the government to suspend arms sales to Israel, piling pressure on Prime Minister Rishi Sunak after the deaths of three U.K. aid workers in an Israeli strike. Britain is just one of a number of Israel’s … Read more
Volvo’s EX90 electric vehicle photographed in Sweden on Nov.9, 2022. Mikael Sjoberg | Bloomberg | Getty Images Sweden’s Volvo Cars on Thursday climbed to its highest level since November, after the automaker reported record single-month sales for March and solid electric vehicle growth in Europe. Shares rose by 6.2% at 12:20 p.m. in London and … Read more
LONDON — More than 600 British jurists, including three retired judges from the U.K. Supreme Court, are calling on the government to suspend arms sales to Israel, piling pressure on Prime Minister Rishi Sunak after the deaths of three U.K. aid workers in an Israeli strike. Britain is just one of a number of Israel’s … Read more
A BYD Co. Atto 3 electric sport utility vehicle (SUV) on day two of the Geneva International Motor Show in Geneva, Switzerland, on Tuesday, Feb. 27, 2024. Bloomberg | Bloomberg | Getty Images China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country’s share … Read more
TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. “The auto industry is now being forced to reshape its values so we can say continuous change … Read more