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BBCNEWS Business Today - NYSE Opening Bell October 10, 2024
archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
BBCNEWS Business Today October 10, 2024
archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
we start in the uk, where we now have a new finance minister after a night of high political drama. the former chancellor rishi sunak handed in his resignation on tuesday evening, citing a failure of leadership from the prime minister in his handling of the latest political scandal. this left the top finance job up in the airfor a few hours before nadim zahawi was appointed as the new chancellor of the exchequer. this comes at a critical time for the economy as the uk grapples with a cost of living crisis and rising inflation. this was acknowledged in rishi sunak s resignation letter. he said: now, this is being read by some as a defence for current high taxes which could mean that the new man in the job may have been brought in to change that. so what can we expect from the new chancellor? i m joined byjustin urquhart stewart founder of the investment platform regionally. justin, platform regionally. good morning to you. so, justin, good morning to you. so, let s talk abou
Its been tough several months for elon musk s firm its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. Missing expectations on earning and revenue. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models could be a boon for cash strapped consumers, and a hit worldwide like china and india. Teslas shares soared in