Autos

Autos

Mercedes-Benz Profits Drop More than 50% in Third Quarter

Photo by Manuel Pappacena via Unsplash

Mercedes-Benz is en route to cut costs after profits in the third quarter more than halved year-over-year due to weaker demand in China.

1 min read

Photo by Michael Fousert via Unsplash

Autos

EV Prices Old and New Are Coming Down

Executives believe the market for electric vehicles is about to see a rebound in demand as prices come down.

2 min read
Photo via Carvana

Autos

Can Carvana Pull Off a Comeback?

Carvana posted stellar results in its latest earnings call, leaving many analysts to wonder if this may be the start of something new.

1 min read
Photo by Michael Vi via iStock

Autos

GM Pulls the Plug on Driverless, Brake Pedal-less, Steering Wheel-less Robotaxi

General Motors shares tumbled after the company said its driverless taxi division, Cruise, will suspend production of the Origin robotaxi.

1 min read

Photo by Kārlis Dambrāns via CC BY-SA 4.0

International Economics

China Brings in Subsidies for Smartphones

On Friday, Beijing announced that a trade-in program that previously applied to big appliances and cars will now be widened to smartphones.

1 min read
Photo by David Vives via Unsplash

Private Equity

Will Private Equity Fuel a Big Year for IPOs?

As the New Year rolls in, Wall Street is preparing for a slew of listing announcements from private equity-backed firms.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Rawpixel via Freepik

Private Equity

All in the Franchise: Why Private Equity Loves the Business Model

It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.

6 min read

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