Tesla Falls 3% After Cutting Prices in China, Analyst Expects Volume Sales to Improve By Investing.com

© Reuters. By Senad Karaahmetovic Tesla (NASDAQ:) announced today it slashed prices of China-made basic Model 3 and Model Y. Model 3 will now start from 265,900 yuan (down from 279,900) while Model Y’s new price is 288,900 yuan, down from 316,900. These cuts partly offset price hikes imposed earlier this year. Lower prices may … Read more

Apple Cutting iPhone 14 Plus Production Reports The Information By Investing.com

© Reuters. By Sam Boughedda The Information reported late in Tuesday’s session that Apple (NASDAQ:) is cutting production of its iPhone 14 Plus only two weeks after its debut. Citing two people familiar with the matter, the publication wrote that Apple told at least one manufacturer in China to stop iPhone 14 Plus components immediately … Read more

India remains world’s fastest-growing economy, despite IMF cutting growth projection (Ld)

The IMF’s World Economic Outlook report released in Washington on Tuesday cut India’s growth rate by 0.6 per cent from the projection of 7.2 per cent made in July, but it kept the slower growth projection for next year at 6.1 per cent, which would still be the highest for major economies. The report said … Read more

H&M Shares Slide as Retailer Unveils Cost Cutting Plan to Counter Market Headwinds

By Scott Kanowsky  Investing.com — Shares in H & M Hennes & Mauritz AB B (ST:) dipped in early trading on Thursday after the Swedish fast fashion brand unveiled a major new cost cutting strategy in response to lower-than-expected . The world’s second-biggest fashion retailer said it will initiate a plan to “streamline” the business, with … Read more

Netflix Looks for Cost Cutting Opportunities in Cloud Computing, Real Estate

© Reuters. By Sam Boughedda Netflix (NASDAQ:) is assessing its platform for opportunities to cut costs, according to an article from the Wall Street Journal on Wednesday. With subscriber growth at the company slowing, the WSJ said its sources told them that Netflix is looking at aspects such as reducing its real-estate footprint, restricting corporate … Read more