Japanese national flag fluter at the Bank of Japan headquarters in Tokyo on December 19, 2023. The Bank of Japan on December 19 maintained its long-standing, ultra-loose monetary policy and offered no guidance on its plans in the new year, sending the yen down against the dollar and boosting stocks. (Photo by Kazuhiro NOGI / … Read more
Pedestrians walking across with crowded traffic at Shibuya crossing square. Jaczhou | E+ | Getty Images Japan’s Nikkei 225 hit a record high Thursday, powered by banking, electronics and consumer stocks as robust earnings and investor-friendly measures fuel a blistering rally in Japanese equities this year. The Nikkei 225 jumped nearly 2% to hit 39,029, … Read more
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty Images Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as … Read more
Flag of Japan on dark blue background. 3D render Da-kuk | E+ | Getty Images Japan is stepping up efforts to ensure its listed companies become more efficient with capital allocation and increase shareholder returns this year. The operator of Tokyo’s stock exchange will release Monday, its first monthly list of public companies that have … Read more
2023 Ford Super Duty F-350 Limited Ford DETROIT – America maintained its love affair with pickup trucks in 2023 — but a top-selling vehicle from Toyota Motor nearly ruined their tailgate party. Sales of the Toyota RAV4 compact crossover came within 10,000 units of Stellantis’ Ram pickup truck last year, a near-No. 3 ranking that … Read more
A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options. … Read more
Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty Images When Kyle Connolly looks back at 2023, she sees it as a year defined by changes and challenges. The newly single parent reentered the workforce, only to be laid off from her job at … Read more
Japanese automaker Toyota led losses on the Japan’s benchmark Nikkei 225 index Thursday, closing lower by 4%. The sharp fall came after Toyota announced a recall of about a million vehicles on Thursday. The safety recall involved certain 2020-2022 Toyota and Lexus models in the United States. The sell-off also comes after Toyota subsidiary Daihatsu halted shipments of all its vehicles on Wednesday, after an investigation found … Read more
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability of hybrid cars and trucks to appease consumer demand and avoid costly penalties … Read more
Volkswagen’s ID.7 is set for release in Europe and China in the fall of 2023, and in North America in 2024. CNBC | Evelyn Cheng BEIJING — Chinese brands are taking the lead in the country’s rapid shift to new energy vehicles, putting Volkswagen on track for its smallest year of China sales since 2012, … Read more