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BBCNEWS Asia July 5, 2024

investing the money they had originally promised. from new york samira hussain explains. after the ohio town where it is based,it after the ohio town where it is based, it started in 2019 and words heralded by then us president donald trump does company that was bringing back manufacturing. since then it has struggled to make electric shocks, making only a handful. they also blame part of their failures on the taiwanese company foxconn, which says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million, said it was hoping to negotiate a solution to lordstown s financial woes. lordstown is not the only electric truck maker that has been suffering lately, river yealm, but by amazon, has made less cars, trucks, advance that it had expected. it is all a big come down from the electric truck frenzy that had wall street investors just a few years ago. that is samira hussain in new york. in other ....

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BBCNEWS Asia Business Report June 4, 2024 00:30:00

Am monica business report, i am monica miller. we begin the quarterly earnings of us retail target which has become the latest corporate victim of america s culture wars. the company saw sales fall in store and on line for the first time in years after a backlash over its pride month offering. those reactions were so negative that target felt it had to remove items from some of its stores over concerns about staff safety. our north america business correspondent michelle fleury has more from new york. between april and june, sales target of 5% compared to year ago. e commerce sales fell 105%. the boss of the so called big box retailer said it was hard to tell how much it was because customers were feeling pressure from higher prices and how much had to do with the boycott and backlash it based over its pride month offerings that lead to items being pulled from the shop floor to protect the safety of its staff. despite the sales decline, the retailer ....

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BBCNEWS Asia Business Report June 4, 2024 00:30:00

I m monica business report. i m monica miller. let s start injapan wishes they have opened higher following gains from us stocks. the recent slide in the japanese yen is also encouraged investors to buy. they are taking part of their cue from wall street which closed to positive territory. the tech heavy nasdaq is currently on plays for is best first half and four decades following the 2022 slump. the optimism came as the data for durable goods eased unexpectedly. while consumer confidence rose to a 70 month high. the solid numbers will likely pave the way for the us federal reserve to hike interest rates when the central bank meets injuly. one listed company is not seeing that stock rally, that is the electric truck maker lourdes town motors. their shares are down over 17% after the company filed for bankruptcy and accused foxconn of not ....

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