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Stellantis expands Dongfeng venture, targeting global exports with €1B EV investment
Stellantis and Dongfeng Group expanded their 34-year partnership through a new strategic agreement. The joint venture, DPCA, will produce all-new Peugeot and...
U.S. Retail Sales Rise 0.5% in April, Led by Higher Gas Prices
The U.S. Census Bureau reported a 0.5% monthly increase in retail and food services sales for April 2026. Year-over-year sales grew by 4.9%. The results...
U.S. Retail Sales Rise 0.5% in April, Driven by High Gas Prices
The U.S. Commerce Department reported a 0.5% increase in retail and food services sales for April 2026. This growth aligned with market expectations. The...
Honda Shelves $11B Canada EV Project, Citing Shifting Demand
Honda Motor Co. shelved its planned $11 billion electric-vehicle supply-chain project in Canada on Thursday. The Japanese automaker cited shifting consumer...
U.S. retail sales slow to 0.5%, squeezed by rising gas prices
U.S. retail sales rose 0.5% in April, according to Commerce Department data. This figure marks a deceleration from the revised 1.6% growth recorded in...
U.S. Retail Sales Rose 0.5% in April, Slowing as Fuel Costs Rise
The U.S. Census Bureau reported a 0.5% increase in retail and food services sales for April 2026. This growth marks a slowdown from the revised 1.6% increase...
US Retail Sales Rise 0.5%, as Inflation Squeezes Discretionary Spending
The U.S. Census Bureau reported a 0.5% increase in advance retail sales for April 2026. This figure met market expectations and represents a 4.9%...
U.S. Retail Sales Rise Seventh Straight Month, Despite Inflation Pressures
U.S. retail sales grew for the seventh consecutive month in April. Total retail sales, excluding auto and gas, rose 0.34% month-over-month. This figure...
NRF Reports April Retail Sales Growth, Defying Inflation for Seventh Month
The National Retail Federation (NRF) reported that U.S. retail sales increased in April. This marks the seventh consecutive month of growth despite persistent...
NRF reports seventh month of retail growth, fueled by wage gains
The National Retail Federation reported that retail sales rose for the seventh consecutive month in April. Total sales excluding auto dealers and gas stations...
Congress moves to ban Chinese vehicles, citing national security risks
US lawmakers introduced the bipartisan Connected Vehicle Security Act to prohibit the importation, manufacturing, and sale of Chinese vehicles. The legislation...
US Lawmakers Propose Ban on Chinese Vehicles, Citing National Security Risks
U.S. lawmakers introduced the bipartisan Connected Vehicle Security Act to prohibit the importation, manufacturing, and sale of Chinese vehicles. The...
Alibaba Beats Q1 Estimates, Fueled by Rebounding Chinese Consumer Spending
Alibaba reported first-quarter revenue of $32 billion. This figure represents an 8% year-over-year increase and surpassed analyst expectations. A recovery in...
Toyota warns of A$6.9 billion profit hit, citing US tariffs
Toyota forecasts a significant profit decline due to escalating U.S. tariffs and rising global costs. North American operations swung from an A$1.1 billion...
General Motors Cuts Hundreds of IT Jobs, Prioritizing AI and Autonomous Tech
General Motors is laying off several hundred salaried IT employees as part of a strategic realignment. The workforce reduction primarily affects staff at...
Amazon expands 30-minute delivery to dozens more cities, pressuring retail rivals
Amazon expanded its Amazon Now 30-minute delivery service to dozens more U.S. cities on Tuesday. The expansion adds Austin, Houston, Minneapolis, and Phoenix...
Amazon launches Amazon Now, promising 30-minute delivery to dominate quick-commerce
Amazon launched Amazon Now to provide 30-minute delivery for groceries and household essentials. The service currently reaches millions of customers in...
Amazon Now challenges Blinkit, scaling 10-minute delivery to 500,000 daily orders
Amazon is expanding its 10-minute delivery service, Amazon Now, to challenge market leader Blinkit. Reports from May 12, 2026, indicate the service is...
Amazon launches same-day Ozempic delivery, challenging traditional retail pharmacies
Amazon Pharmacy now provides same-day delivery for Novo Nordisk’s weight-loss drug Ozempic. The company will also stock the pill version of the medication in...
Tesla retires Model S and X, prioritizing high-volume mass-market models
Tesla officially ended production of the Model S and Model X electric vehicles. The company will sell the final manufactured units to a select group of its...