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...Ford is reducing production of the F-150 Lightning, the electrified version of its best-selling pick-up truck, and this week it slashed prices on the Mustang Mach-E SUV....
...Autonomous vehicles would be “great for Uber” and lower prices for consumers, said Khosrowshahi, adding that Uber was “looking to partner with the AV industry”....
...At the start of the year it also settled a dispute over its $11bn takeover of Pilot Flying J, a truck stop chain....
...Delta Air Lines is the notable outlier. It is the top performing US airline stock over the past year....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...It also wants to sell its Coyote Logistics truck brokerage unit it acquired in 2015. In response the market knocked 8 per cent — or $11.2bn — off UPS’s share price on Tuesday....
...“The first stage we bought it at what turned out to be a very attractive price,” Buffett told investors last year....
...This issue, along with a 16 per cent reduction in year-on-year realised prices, weighed on the top line, as did a hedging loss of $10.3mn (£8.2mn) from commodity swap contracts....
...Yet the never-ending quest to drive prices lower is only part of Tesla’s strategy....
...There is no new product, and he won’t take further price action.”...
...It was also the vehicle Berkshire used to buy Pilot Flying J, a truck-stop operator....
...The truck’s debut comes after a downbeat earnings report in October revealed Tesla fell short of revenue expectations with factory shutdowns, price cuts, and fewer deliveries of new vehicles....
...Royalty rates will rise from 12.5 per cent to 16.67 per cent, in line with a change first mandated by the Inflation Reduction Act, Biden’s landmark climate law....
...A soothing chart from Pantheon Macroeconomics (the green line refers to an abrupt 0.6 per cent jump in homeowners’ imputed rents): Put simply: we are more relaxed than the bond market....
...Ford, which tinkered with the price of the F-150 Lightning several times last year, raising and then cutting it to reflect changing costs, slightly increased the price of the pick-up truck earlier in January...
...The notion that a Model 2 might be built in new factories in Mexico or elsewhere have been replaced with vague commitments to retool existing infrastructure and production lines....
...Absent the enthusiasm about a new vehicle line-up, the underlying financial performance remained disappointing....
...Hollywood heavyweights line up behind Skydance Some of Hollywood’s biggest names have entered the frame as the battle for legendary media company Paramount drags on....
...Year-to-date, that’s 218.62 stories per truck that might be delivered....
...JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 21 per cent to the US company’s last closing price....
...The argument runs along these lines: $12bn of inflows has been chasing a scarce asset that will only get more scarce after this month’s quadrennial “halving” event in the bitcoin system, when the rewards...
...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
...Despite the share price jump on Monday, analysts in China voiced caution....
...So who was trading at the wrong prices on what was an obvious typo? Below (per Bloomberg) is the post-close price and volume....
...Friday’s share price rise put Alphabet’s market capitalisation at $2.15tn, as Microsoft returned to a $3tn valuation after also reporting better than expected earnings on Thursday....
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