Car makers post a slump in profits amid weak demand for electric vehicles
Volkswagen and Mercedes-Benz said they were seeing a sluggish appetite for fully electric cars as drivers revert to petrol or hybrid models.
Source: dailymail.co.uk
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Era of high demand for Mercedes and Volkswagen vehicles is over
Car buyers will be spoiled for choice with a slew of new models launching in the coming months.
Source: calgarysun.com
Chocolate stocks set to feel impact of surging cocoa prices
Cocoa prices have more than doubled in 2024, posing challenges for chocolate manufacturers.
Source: moneyweb.co.za
Treasury Yields Fall Regardless Of Fed Taper Discuss • MV TELEGRAPH
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve's latest policy meeting minutes showing that the central bank was preparing to
Source: mvtelegraph.com
Analysis-Anti-obesity drugs can be boost for food makers, investors say
The growth in demand for appetite suppressing anti-obesity drugs like Novo Nordisk's Wegovy presents opportunities for food manufacturers and the market's initially downbeat reaction may be overdone, investors say. When Walmart said this month that it saw a slight pullback in food consumption when people took the medication, it sparked a sell off in shares of companies including Nestle, the world's biggest packaged food maker. "It feels like quite an overreaction," said Aviva portfolio manager Richard Saldanha.
Source: yahoo.com