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  • China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)
    Automotive

    China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)

    March 11, 2023 /

    Xiaolu Chu Introduction The sales year started off with a whimper. First, the covid stimulus package for the auto industry – a cut from June 1-Dec 31 of the car sales tax from 10{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} to 5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} – expired. Those planning to buy cars in early 2023 instead made their purchases last year. In addition, the Chinese central government has been winding down its incentives for New Energy Vehicles (NEVs) for several years. They, too, expired at the end of 2022. That pulled planned NEV sales from 2023 into 2022, over and above the impact of the covid tax cut. In other words, electric vehicle (“EV”) sales in late 2022 were…

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    Francis McGee Comments Off on China’s Automotive Slowdown: Tesla And The EV Startups (NASDAQ:TSLA)

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    This Is the Kind of Rust the Automotive Industry Needs

    This Is the Kind of Rust the Automotive Industry Needs

    February 6, 2023
    Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance

    Cox Automotive Analysis: Stellantis’ Q4 2022 Market Performance

    February 24, 2023
  • Uncertainty Over Inflation and Economic Slowdown Likely to Continue This Week | Economy
    Economy News

    Uncertainty Over Inflation and Economic Slowdown Likely to Continue This Week | Economy

    February 28, 2023 /

    Wall Avenue woke up previous week to the realization that inflation is proving stickier than expected and the Federal Reserve may have to maintain interest fees better for extended, with the market posting its worst performance of the calendar year. This 7 days delivers a range of stories on the financial state, from the housing market to gauges of the health of the producing and expert services sectors along with updates in automobile gross sales and purchaser confidence. They ought to offer a wide reading through on irrespective of whether the economic climate is continuing to increase, as latest reports have shown, or wilting beneath the tension of increased curiosity…

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    Francis McGee Comments Off on Uncertainty Over Inflation and Economic Slowdown Likely to Continue This Week | Economy

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    December Jobs Report Offers Good News: Easing Wage Pressures, Healthy Economy

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    January 7, 2023
    China’s economy has survived worst moment: Official

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    The economy is flashing positive signs. Is it time to exhale?

    The economy is flashing positive signs. Is it time to exhale?

    April 1, 2023
  • Seattle-based Zillow, Redfin post losses after housing market slowdown
    Real Estate News

    Seattle-based Zillow, Redfin post losses after housing market slowdown

    February 19, 2023 /

    Seattle’s genuine estate tech companies are emotion the consequences of the cooling housing market on their bottom lines. Even with cutbacks and layoffs in 2022, calendar year-conclusion earnings experiences from Zillow and Redfin confirmed considerable losses and declines in gross earnings. The benefits reflect the chill that strike the housing market previous yr, as interest premiums shot up and kept a lot of potential homebuyers from buying. Nationwide, the number of house profits dropped 18{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from 2021 to 2022, according to the National Association of Realtors. The market change was “the situation we experienced feared could happen,” Zillow CEO Prosperous Barton advised investors Wednesday. “Thirty-calendar year property finance loan fascination…

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    Francis McGee Comments Off on Seattle-based Zillow, Redfin post losses after housing market slowdown

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    Warning issued to female realtors, real estate agents about sex offender

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    November 26, 2022
    Housing market correction just took a new turn

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    February 22, 2023
    Are home prices still going up? What’s happening with mortgage rates?

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    December 9, 2022
  • Pueblo real estate businesses hit hard by housing market slowdown
    Real Estate News

    Pueblo real estate businesses hit hard by housing market slowdown

    December 19, 2022 /

    Pueblo’s serious estate current market is continuing to gradual down, and the fallout is impacting companies industrywide. It’s not just Realtors feeling the impacts — it really is residence builders, home loan lenders and title corporations far too.   “Overall, the housing slowdown is obtaining a ripple influence across the market as we see a lot more title firms, house loan corporations and builders lessening staff members,” explained Dave Anderson, Pueblo Association of Realtors communications chair.  “There’s layoffs coming, I am confident,” claimed Randy Nobiensky, self-employed contractor with RH Builders who is seeing the effect on builders and Realtors. “We are all connected, all in the exact same boat, and with…

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    Francis McGee Comments Off on Pueblo real estate businesses hit hard by housing market slowdown

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    When Will Housing Prices Drop? | Real Estate

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    Advice from a longtime real-estate agent: ‘Owners are moaners, and buyers are liars’

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    Oregon housing market cools, but only slightly

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  • Stocks rise after Fed minutes signal rate hike slowdown
    Finance News

    Stocks rise after Fed minutes signal rate hike slowdown

    November 24, 2022 /

    Stocks rose on Wednesday right after the minutes from the Federal Reserve’s latest plan conference signaled a probably slowdown in the central bank’s pace of curiosity fee improves following thirty day period. When the closing bell rang on Wall Street, all 3 big indexes ended up in inexperienced figures, with the S&P 500 up .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the Dow up .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, and the Nasdaq increased by 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Wednesday marked the week’s closing total trading session for U.S. buyers. U.S. marketplaces will be closed for Thanksgiving, and marketplaces are open for just a fifty percent day on Black Friday. The most significant move in marketplaces on Wednesday came from the power marketplaces, with…

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    Francis McGee Comments Off on Stocks rise after Fed minutes signal rate hike slowdown

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    Tesla stock slammed this week as Musk sells more shares

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    December 16, 2022
    Stocks slide Friday to cap hectic week of trading

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    March 18, 2023
    House GOP debt ceiling plan would cap future government spending

    House GOP debt ceiling plan would cap future government spending

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