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 illustration by Connor Lin / The Daily Upside, Photo by Marcio Silva via iStock

Economics

Wall Street’s New Year’s Resolution: Launch More IPOs

No matter how you cast your ballot in the presidential election last month, recent history suggests your vote counts for IPOs.

6 min read
Photo by Daniel X. O’Neil via CC BY 2.0

Industries

Posh Soho House Gets Premium Buyout Offer as It Balances Prestige with Scaling Up

The offer would put an 83% premium on Soho’s Wednesday closing price and comes a year after it had to close off admissions in three cities.

2 min read
Photo via Oura

Technology

Smart Ring Maker Oura Doubles Valuation to $5.2 billion

One ring to rule them all… at least, Oura hopes so. On Thursday, it announced a new $200 million funding round.

2 min read

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