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    Business
    Bloomberg

    Tesla Cuts China, US Prices After Sales Slow, Inventories Rise

    (Bloomberg) -- Tesla Inc. has cut prices in China and the US, its two key markets, after disappointing first-quarter sales contributed to swelling inventory.Most Read from BloombergTraders Are Cashing Out of Markets En MasseTikTok Divest-or-Ban Bill Expected to Become US Law in DaysUS House Passes $95 Billion in Aid to Ukraine, Israel and TaiwanTesla Cuts US Prices by $2,000 as Sales Slow, Inventories SwellNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemIn China, Tesla l

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    Business
    Bloomberg

    China Is Front and Center of Gold’s Record-Breaking Rally

    (Bloomberg) -- Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent.Most Read from BloombergTraders Are Cashing Out of Markets En MasseTikTok Divest-or-Ban Bill Expected to Become US Law in DaysUS House Passes $95 Billion in Aid to Ukraine, Israel and TaiwanTesla Cuts US Prices by $2,000 as Sales Slow, Inventories SwellNew York’s Rich Get

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    Business
    The Canadian Press

    Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South

    DALLAS (AP) — The United Auto Workers' overwhelming election victory at a Volkswagen plant in Tennessee is giving the union hope that it can make broader inroads in the South, the least unionized part of the country. The UAW won a stunning 73% of the vote at VW after losing elections in 2014 and 2019. It was the union's first win in a Southern assembly plant owned by a foreign automaker. Union President Shawn Fain said the pundits all told him that the UAW couldn't win in the South. “But you all

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    News
    The Canadian Press

    New York lawmakers pass $237 billion budget with policies to jump-start housing market

    ALBANY, N.Y. (AP) — New York lawmakers passed a $237 billion state budget Saturday that includes plans to spur housing construction and combat unlicensed marijuana stores. The package also includes a raft of other measures such as expediting the closure of some state prisons, addressing a recent influx of migrants and continuing the pandemic-era policy of allowing people to buy takeout cocktails. The state Senate and Assembly finished working through several budget bills Saturday after hours of