India’s auto sector faces a growing inventory pile-up, with unsold vehicles worth ₹52,000 crore at dealerships, highlighting a retail-wholesale disconnect. The Indian automobile industry is staring at a worrying build-up of unsold inventory at dealerships, casting a shadow over what has otherwise been a robust post-pandemic production run. According to the Economic Times, an estimated
Investors cheered President Trump’s tariff reductions and deals with trading partners China and the UK, but Wall Street points out that the tariff rates are still relatively high. “The US effective tariff rate remains significantly higher than it was at the start of the year,” Solita Marcelli, chief investment officer Americas for UBS Global Wealth
Walmart (WMT) shares rose about 2% premarket after the company reported mixed earnings and said it would hike prices to navigate President Trump’s tariffs. America’s largest retailer has been seen as well-positioned to weather tariffs, as around 60% of its sales are in groceries, Yahoo Finance’s Brooke DiPalma reported. Its size also means it has
U.S. stocks moved firmly lower in early Wednesday trading, with the dollar slumping to a fresh three-year trough amid the latest trade war salvo in the tech sector and further flight-to-safety trades that suggest more market uncertainty over the coming weeks. Updated at 11:48 AM EDT A stronger-than-expected reading for March retail sales hasn’t had
Juice Beauty, among the first beauty brands to capitalize on organic beauty and all things clean, is set to liquidate its assets. The brand, which was founded in 2005 by Karen Behnke and had previously hit $100 million in retail sales at its apex with a buzzy celebrity following, quietly entered an Assignment for the
US stocks closed mixed on Friday with the Nasdaq 100 (^NDX) notching a record high close to cap a busy week of tariff hikes, inflation updates, and retail sales data, which fell short of estimates. The S&P 500 (^GSPC) dropped slightly while the Nasdaq Composite (^IXIC) rose 0.4% to close out its best week of
US stocks mostly edged higher on Friday as the S&P 500 eyed a fresh record to cap a busy week of tariff hikes, inflation updates, and retail sales data, which fell short of estimates. The S&P 500 (^GSPC) gained 0.1%, on track for a record close, while the Nasdaq Composite (^IXIC) rose 0.3%. Meanwhile, the
US stocks were little changed on Friday with the S&P 500 a stone’s throw away from a fresh record to cap a busy week of tariff hikes, inflation updates, and retail sales data which fell short of estimates. The S&P 500 (^GSPC) hovered near the flaltine while the Nasdaq Composite (^IXIC) was little changed. Meanwhile,
Stocks rose Thursday as Wall Street took in signals that pointed to a still-strong US consumer and labor market. The Nasdaq Composite (^IXIC) popped almost 1.2%, while the benchmark S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) rose about 1%. In focus early Thursday were earnings from retail giant Walmart (WMT), as well