BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and…
By Caroline Valetkevitch NEW YORK (Reuters) – Oil prices jumped more than 4%, gold gained and the safe-haven U.S. dollar edged up against the euro on Monday as military clashes between Israel and the Palestinian Islamist group Hamas fueled worries that the conflict could spread beyond Gaza. U.S. stocks ended higher, with energy shares rising…
By David Shepardson (Reuters) – Chrysler-parent Stellantis said on Monday it is laying off another 570 workers and General Motors announced cuts of nearly 200 employee due to the United Auto Workers strike. Ford said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the…
By Doyinsola Oladipo (Reuters) -Thousands of Las Vegas workers will picket MGM Resorts and Caesars Entertainment casinos on Thursday for the first time in nearly two decades, the unions said, as they contemplate a possible strike. The Culinary Workers and Bartenders Unions seek a new five-year contract with improved wages and benefits as casino operators…
By Arathy Somasekhar HOUSTON (Reuters) -Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Consolidation, steep cost inflation and investor demands for returns have shrunk production…
