CNBC Daily Open: Recession concerns still linger

CNBC Daily Open: Recession concerns still linger

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 19, 2024.  Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more

Mercedes shares slump after cutting 2024 guidance on weak China demand

Mercedes shares slump after cutting 2024 guidance on weak China demand

An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. … Read more

Chrysler Heir Wants To Save The Brand From Stellantis

Chrysler Heir Wants To Save The Brand From Stellantis

Good morning! It’s Wednesday, August 28, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Property Brothers First Car Literally Spoke To Them 1st Gear: Walter P. Chrysler’s Heir Wants To Buy … Read more

Ford Backs Down On DEI Initiatives

Ford Backs Down On DEI Initiatives

Good morning! It’s Thursday, August 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. What Is The Most American Car? | Jalopinions 1st Gear: Ford Panders To Right By Cutting DEI Policies … Read more

Global selloff eases; earnings, U.S. inflation

Global selloff eases; earnings, U.S. inflation

LONDON — European markets opened mixed on Friday, as a global stock selloff eases and investors await a U.S. inflation print. The pan-European Stoxx 600 opened slightly above the flatline, with sectors and major bourses spread between losses and gains. Autos led loses, down 1.2%, as Germany’s Mercedes Benz dipped 2% after narrowing its annual … Read more

Shares of Europe’s top carmakers fall amid dieselgate lawsuit reports

Shares of Europe’s top carmakers fall amid dieselgate lawsuit reports

A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images Shares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible lawsuits in Britain … Read more

Autos firms say they expect limited impact from Baltimore port closure

Autos firms say they expect limited impact from Baltimore port closure

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore.  Michael A. McCoy | The Washington Post | Getty Images The Baltimore bridge collapse has prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Many do not expect major disruptions so far. In a dramatic scene, … Read more

Hot inflation data spooks Wall Street

Hot inflation data spooks Wall Street

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Another hot inflation gauge fuels worry

Another hot inflation gauge fuels worry

People shop in the produce section of a grocery store on September 12, 2023 in Los Angeles, California. Mario Tama | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

U.S. retail sales in sharp focus

U.S. retail sales in sharp focus

Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more