Sep 3, 2024 | Markets
ISM August factory index at 47.2 after 46.8 a month earlier Orders gauge shows steepest contraction since May 2023 US manufacturing activity shrank in August for a fifth month, reflecting faster rates of declines in orders and production. The Institute for Supply...
Sep 3, 2024 | Markets
Dewu’s growing popularity is weighing on luxury sales, shares Hot luxury items sold at discounts up to 66% on Dewu China’s gray market — where brand new, authentic products are sold at steep discounts — is increasingly dwarfing some global luxury giants’ official...
Sep 3, 2024 | Markets
Chery Automobile Co.’s Omoda outsold Tesla, Jeep and Fiat in Spain last month, a promising sign for the Chinese automaker’s ambitious push into Europe. Omoda sold 744 new cars in August, a 8,167% increase over the nine cars registered in August of last year, according...
Sep 2, 2024 | Markets
German automaker heads for showdown with unions over plans EV slowdown, jittery Europe consumers weigh on manufacturers Volkswagen AG is considering unprecedented factory closures in Germany, setting up a showdown with powerful unions as the country’s most important...
Sep 1, 2024 | Markets
Economists say government must do more to hit growth target Manufacturing PMI posts 4th straight month in contraction zone China’s remaining growth engines are showing signs of sputtering while the property market continues to drag on the economy, highlighting the...
