Weak Demand News Today

Slowing electric vehicle sales at a time when customers are clearing excess inventory have weighed heavily on demand for chips in the automotive industry, hitting chipmakers such as Microchip Technology amid an uncertain economic environment.

Why is it up? Why is it down? Heres a few comments on the unusual variations affecting stocks on the NYSE today. Only when they are reliable and documented: we avoid nonsense whenever possible!... -April 25, 2024 at 11:04 am EDT - MarketScreener

(Bloomberg) -- Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersStocks Pause Near Record as Traders Await Catalyst: Markets WrapWall Street’s Moelis Bet Big ...

(Bloomberg) -- Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersA $6 Trillion Wall of Cash Is Holding Firm as Fed Delays CutsYour 401(k) Will Be Gone Within a Decad...

MARKET WRAPS Stocks: European stocks made modest gains on Tuesday although caution remained about the risk that interest-rate cuts will come later than previously expected. The FTSE 100... -February 06, 2024 at 05:20 am EST - MarketScreener

UBS to Restart Buybacks This Year UBS said it will resume share buybacks in 2024 after it reported a net loss for the fourth quarter that was slightly better than forecast. BP Beats...

BP Beats Expectations; Boosts Buyback BP posted a higher-than-expected annual profit, joining others in the sector in showing resilience despite volatile energy prices, but its results were...

BP Beats Expectations; Boosts Buyback BP posted a higher-than-expected annual profit, joining others in the sector in showing resilience despite volatile energy prices, but its results were...

Expectations for Bank of Canada Rate Cuts Starting in Spring; Goolsbee, Kashkari Urge Patience By James Christie Good day. A survey by the Bank of Canada in late December found market...

To transition to cleaner energy, Duke Energy plans to close its Roxboro plant and replace it with two natural gas-fueled plants by 2035.