Geely’s Zeekr Mulls Building EVs in Europe to Avoid Tariffs

Jul 19, 2024 | Markets

EV maker looks to use parent company’s existing Europe plants Zeekr CEO expresses regret over tariffs on Chinese vehicles Electric-vehicle maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely...

Toronto Condo Developers See Lowest New Unit Sales in 27 Years

Jul 18, 2024 | Markets

Sales in the first half of the year fell 57% from 2023 Trend does little to cut prices as development costs stay high Toronto’s condominium developers saw sales of new units fall to the slowest pace in 27 years as high interest rates temper demand despite a shortage...

Goldman’s Top Stock Analyst Is Waiting for AI Bubble to Burst

Jul 18, 2024 | Markets

Covello casts doubt on hype behind an $16 trillion rally He says costs, limited uses means it won’t revolutionize world Over three decades on Wall Street, Jim Covello has learned how painful it can be to bet against an inflating tech stock bubble. The market has a way...

Furniture Retailer Conn’s Plans Mass Store Closings Ahead of Possible Bankruptcy

Jul 17, 2024 | Markets

Liquidations would shutter more than 40% of company’s stores Furniture chain acquired a rival last year to expand reach Furniture retailer Conn’s Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for...

New Zealand Inflation Slows More Than Expected to 3-Year Low

Jul 17, 2024 | Markets

Annual CPI rate falls to 3.3% from 4% in previous quarter Three main banks now see RBNZ rate cuts starting sooner New Zealand inflation slowed more than forecast to its weakest in three years in the second quarter even as domestic price pressures persisted. The...

Nike & Lululemon, Precursors for S&P Decline to Multi-Year Low

Jul 17, 2024 | Markets, Save Change World Companies

By Michael Markowski Video covering subject matter in this report available. The chart below depicts the share prices for NIKE (NKE), LULULEMON (LULU).  The path, which the two consumer discretionary products companies have taken to significant declines from their...